Proteases Market Outlook 2024: Exclusive Report By The Business Research Company | Advanced Enzymes Technologies Limited, E.l. Du Pont de Nemours & Company, Amano Enzymes Inc

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2614

The Business Research Company offers in-depth market insights through Proteases Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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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Market Segmentation:
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

Major Driver - Unveiling Growth Opportunities Driven By The Soaring Wave Of Health-Conscious Consumers
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.

Competitive Landscape:
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.

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Top Trend - Navigating The Protease Market's Evolution Through Cutting-Edge Product Advancements
Product innovation is a key trend gaining popularity in the protease market. Major players operating in the proteases market are focusing on innovating novel products to gain a completive advantage in the market. For instance, in September 2021, DSM-Novozymes Feed Enzymes Alliance, an association between DSM, a Netherlands-based chemicals company, and Novozymes A/S, a Denmark-based biotechnology company, launched ProAct 360, a novel and robust second-generation protease customized to the needs of the feed industry. The innovative proteases offer feed efficiency, sustainability, and affordability. It is more consistent, and releases more amino acids from the feed, thus, improving feed efficiency. It is specifically created for application in animal feed and it is the only feed protease available in the market.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Proteases Market Characteristics
3. Proteases Market Trends And Strategies
4. Proteases Market - Macro Economic Scenario
5. Proteases Market Size And Growth
…..
27. Proteases Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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