Protease Market Intelligence Report for Comprehensive Information 2016- 2026
Protease enzyme used in pharmaceutical industries needs extensive purification before they are used and they are manufactured in small amounts, whereas the protease enzyme used in detergent and food industries are manufactured in bulk quantities. The use of protease enzyme replace the use of chemicals that are used in detergents. More than half of the market share is contributed by the technical enzymes for detergents, textile and paper & pulp manufacturing. The global protease enzyme market is expected to grow with a single digit CAGR during the forecasted period.
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Based on the basis of Source, the Protease Enzymes market is segmented into:
Based on the application, the Protease Enzymes market is segmented into:
Food & beverages
Soaps & detergent
Others (textile & leather, waste management, chemical industries, silver recovery, photography, biofuel)
Based on the Method of production, the Protease enzymes market is segmented into:
Based on the Formulation, the Protease enzymes market is segmented into:
Others (granular and gel)
Based on the Product, the Protease enzymes market is segmented into:
Others (chymotrypsin, thrombin, elastase, cathepsin G)
Others (keratinases and ficin)
Others (Proteinase K, Peptidase, Fungal acid protease)
In terms of geography, the Protease enzymes market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.The Protease enzymes market is expected to register healthy CAGR during the forecast period. With wide application of cleaning and detergent industry North America has become a leader in the global protease enzyme market. North America region is at maturity level, Canada is expected to show healthy growth rate. In European region Germany is on the lead for protease enzyme market. The market in Asia-Pacific region is expected to grow at highest CAGR over the forecast period. Countries like China and India are major markets for protease enzyme as detergents and cleaning industries is developing and modernizing in these countries and are likely to provide abundant opportunities for the growth of the protease enzymes market.
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Some of the key players in the protease enzymes market are ovozymes A/S, Chr. Hansen Holdings A/S, E.I. du Pont de Nemours and Company, Associated British Foods plc, Koninklijke DSM N.V. etc.
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