Proteases Market Overview
Protease Market Estimated to Reach USD 5,770 Mn by 2030, At 5.9% CAGR By 2022–2030
The global proteases market has been witnessing steady growth, driven by the increasing demand for processed foods, growing awareness about the benefits of enzymes in various industries, and technological advancements in enzyme production. Because they make proteins easier to digest, proteases are vital to the food and beverage and animal feed industries.
Proteases are a crucial class of enzymes in numerous industries due to their ability to convert proteins into amino acids. This method is required for the production of several food and beverage goods as well as animal feed.
Proteases are also known as peptidases that function to collapse peptide bonds in proteins during the hydrolytic process. Among all other industries, the food industry makes the most use of an enzyme, including pepsin, papain, alkaline, renin, trypsin, and bromelain. With time, the demand for convenience food such as snacks, bakery products, and juices has increased, resulting in a rise in demand for Proteases simultaneously. It leads to surplus investments in the food enzymes market, pushing the market scale to a new height. Although, all these things turn a significant factor for rapid growth in the Protease market.
Apart from the food and beverage industry, the enzyme customizes in various industrial processes, which adds fuel to the market’s global growth. Additionally, technological advancements also contribute to the development range of protease products.
However, following the social distancing policies and lockdown in 2020-2021 led to an adverse impact on the global economy, as the lifestyle patterns of the general public were utterly opposite to usual. On one hand, the food and beverage industry was restricted from supplies; on the other hand pharma industry boosted the overall market’s demand and supply of Protease market. The pharma sector increased the consumption of the enzyme, following its exogenous agents, which was able to deal with the CoViD-19 infections. The result of the enzyme was quite promising and effective simultaneously, leading to a rise in demand for protease ingredients.
Key Players
E. I. du Pont de Nemours and Company (U.S.)
Associated British Foods Plc (U.K)
Koninklijke DSM N.V. (the Netherlands)
Advanced Enzyme Technologies Limited (India)
Specialty Enzymes & Biotechnologies Co. (U.S.)
Chr. Hansen Holding A/S (Denmark)
Novozymes A/S (Denmark)
Amano Enzyme Inc. (Japan)
Dyadic International, Inc. (U.S.)
Biocatalysts Limited (U.K)
Market Segmentation
By Type:
1. Trypsin: Because of its propensity to hydrolyze proteins into peptides and amino acids, trypsin is a commonly utilized enzyme in the food business.
2. Renin: Renin is widely utilized in the dairy sector to make cheese.
3. Pepsin: Because of its digestive qualities and capacity to tenderize meat, pepsin is utilized in both the culinary and medicinal industries.
4. Papain: Derived from papaya, papain has anti-inflammatory qualities and is utilized in the food and pharmaceutical industries as a meat tenderizer.
5. Alkaline Protease: Because they can function in alkaline environments, alkaline proteases are utilized in a variety of industries, such as waste management, leather, and detergents.
By Format:
1. Liquid: Because they are easy to use, liquid proteases are frequently employed in industries where exact dosage is necessary.
2. Powder: In businesses where stability is essential, powdered proteases are frequently utilized due to their prolonged shelf life.
By Application:
1. Bakery & Confectionery: To enhance dough handling and texture, proteases are utilized in the baking business.
2. Beverages: The beverage sector uses proteases to enhance flavor stability and clarify content.
3. Dairy & Frozen Desserts: To enhance texture in frozen desserts and to produce cheese in the dairy industry, proteases are employed.
4. Animal Feed: To increase digestibility and nutrient absorption, proteases are added to animal feed.
Regional Analysis
The proteases market analysis is divided into numerous important regions, such as Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. The market is now dominated by North America and Europe because to the existence of well-established food and beverage industries as well as a high demand for processed meals. But throughout the course of the projection period, the Asia Pacific area is anticipated to develop at the fastest rate due to factors like China’s and India’s expanding populations, rising disposable incomes, and increased demand for processed foods.
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