Press release
Global Proteases Market Report 2024 : Trends, Business Growth And Major Driving Factors | Advanced Enzymes Technologies Limited, E.l. Du Pont de Nemours & Company, Amano Enzymes Inc.
Proteases Global Market Report
The Business Research Company presents an extensive market research report on the Proteases Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The proteases market size has grown strongly in recent years. It will grow from $3.18 billion in 2023 to $3.4 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to industrial applications in food processing, enzyme replacement therapy, increasing demand in detergent industry, widespread use in pharmaceutical manufacturing, growing awareness of enzyme benefits, application in leather and textile industries, biofuel production..
The proteases market size is expected to see strong growth in the next few years. It will grow to $4.56 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rising demand for sustainable industrial practices, development of therapeutic enzymes, emergence of personalized medicine, application in cell culture processes, demand for enzymes in waste management, advancements in protease inhibitor research, use in novel therapeutic approaches.. Major trends in the forecast period include technological integration, advancements in enzyme engineering, biological solutions in agriculture, specialty enzymes, enzyme replacement therapies, emerging markets, collaborations for research and development..
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Key Market Players:
Major companies operating in the proteases market report are Advanced Enzymes Technologies Limited, E.l. Du Pont de Nemours & Company, Amano Enzymes Inc., Biocatalysts Limited, Koninklijke DSM NV, Dyadic International Incorporated, Specialty Enzymes & Biotechnologies Company, Associated British Foods Plc., BASF SE, Rossari Biotech Limited, Nagase & Company Limited, Jiangsu Boli Bioproducts Company Limited, Creative Enzymes Inc., Kemin Industries Inc., AB Enzymes GmbH, Lallemand Inc., Novozymes A/S, Chr. Hansen Holdings A/S, International Flavors & Fragrances Inc., Enzyme Development Corporation, Enzyme Solutions Inc., Enzyme Supplies Limited, Genencor International Inc., Kerry Group plc, Lumis Biotech Pvt. Ltd., Megazyme International Ireland Ltd., Roche Diagnostics GmbH, Sandoz International GmbH, Sunson Industry Group Co. Ltd., The Soufflet Group, Thermo Fisher Scientific Inc., VTR Bio-Tech Co. Ltd.
Market Drivers:
The rising number of health-conscious consumers is expected to drive the growth of the proteases market going forward. Health-conscious consumers (HCCs) are those consumers that live a 'wellness-oriented' lifestyle and are worried about their environment and nutrition. Health-conscious consumers are interested in the consumption of healthier products containing proteases that support digestive health and weight consciousness. For instance, according to a survey result published in January 2021 by Public Health England (PHE), an England-based government agency for health and social care, a survey of more than 5000 adults showed that 7 in 10 adults were motivated to make healthier lifestyle changes owing to COVID-19 pandemic while 8 in 10 adults aged over 18 decided to alter their lifestyle in 2021. Additionally, around 43% of adults feel more motivated to make changes to their life as compared to last year. Therefore, the rising number of health-conscious consumers will propel the demand for proteases.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/proteases-global-market-report
The proteases market covered in this report is segmented -
1) By Source: Animal, Plant, Microbial
2) By Form: Liquid, Powder
3) By Application: Food And Beverage, Healthcare, Animal Feed, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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