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2022
Protease Market

Protease Market

by Source (Plants, Animals, and Microbes) and Application (Foods & Beverages, Pharmaceuticals, Animal Feed, Soap & Detergents, and Others): Global Opportunity Analysis and Industry Forecast 2021-2030

Report Code: A12830
Pages: 240
Apr 2022 | 1941 Views
Author(s) : Dinesh Thakur, Aniket Kadam , Roshan Deshmukh
Tables: 109
Charts: 72
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COVID-19

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The global protease market size was valued at $3,454.3 million in 2020, and is projected to reach $5,762.7 million by 2030, registering a CAGR of 5.4%, from 2021 to 2030.

COVID-19 pandemic had a positive impact on the market. Rapid spread of the COVID-19 disease among the population has increase in health consciousness and shifted focus of consumers toward nutritional and functional food. Furthermore, demand for detergents spiked rapidly, owing to increase in need for regular washing and cleaning of clothes. Rise in production levels of detergents resulted in rise in` consumption of protease across the globe

The global protease market is expected to witness a significant demand during the forecast period, owing to rise in applications in the pharmaceutical industry for its therapeutic benefits such as anticancer, antimicrobial, and anti-inflammation. Proteases are used in production of various drugs for treatment of digestive disorders, cardiovascular diseases, and chronic pains. Furthermore, stain removal property of protease has significantly led to rise in adoption in production of laundry detergents across the globe. Therapeutics and nutritional benefits of protease enzymes has resulted in rise in demand for protease in the foods and beverages industry for adding flavor, texture, and extension of shelf life of foods and beverages. Thus, surge in use of protease drives the global protease market growth.

Protease-Market

Protease enzymes also have huge application in the leather and wool processing industry. Chemical processing of leather leads to emission of hazardous gases and unpleasant smell that can also lead to death. Protease enzymes are eco-friendly substitutes to chemicals used in the leather processing. Furthermore, rise in adoption of protease in industrial waste management, photographic industry, and silk degumming is expected to boost growth of the global protease market during the forecast period.

According to the protease market analysis, the global protease market is segmented bon the basis of source, application, and region. By source, the market is categorized into plants, animals, and microbes. Further, on the basis of application, the market is segmented into foods & beverages, pharmaceuticals, animal feed, soap & detergents, and others. Region-wise, the protease market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, the UK, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

Protease Market
By Source

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Microbes segment held the major share of 62.6% in 2020

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As per the protease market trends, on the basis of source, the global protease market was dominated by the microbes segment in 2020. This is attributed to rise in production of protease from microbes. Production of protease at industrial level is possible by using microbial sources and huge level production helps in meeting the demand for proteases across various industries. Higher yield, cost-effectiveness, easy gene manipulation, and less time consumption are some of the most unique features of microbial proteases that makes them perfectly suitable for various applications.

On the basis of application, the protease market was dominated by the soap & detergents segment, which garnered about 43.3% of the market share in 2020. Stain removal property of protease has made its useful in production of detergents. Growth in health consciousness and rise in consumer awareness regarding hygiene and cleanliness is expected to fuel demand for soaps & detergents, which fuel growth of the protease market.

Protease Market
By Application

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Soap & Detergents segment held the major share of 43.3% in 2020

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Region wise, Asia-Pacific is projected to be the fastest-growing market. Presence of huge population, rise in disposable income, growth in awareness regarding cleanliness, and rise in burden of diseases are the prominent factors that are expected to fuel demand for detergents and various pharmaceutical drugs in the region. This is expected to surge demand for protease in the manufacturing of detergents and medicines. Furthermore, rise in demand for foods & beverages in the region is further expected to boost growth of the protease market in the future.

Key market players operating in the protease industry are constantly involved in various developmental strategies such as new product launches, partnerships, and acquisition & mergers to gain competitive advantage over others and exploit the prevailing protease market opportunities. Key players profiled in this report include Advanced Enzyme Technologies, Amano Enzyme, Inc., Associated British Foods Plc, BASF SE, Biocatalysts Ltd., Dyadic International, Inc., E.I. Du Pont De Nemours and Company, Koninklijke DSM N.V., Novozymes A/S, and Specialty Enzymes & Probiotics.

Protease Market
By Region

2030
North America 
Europe
Asia-pacific

North America held the major share of 35.6% in 2020

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Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2020 to 2030 to identify the prevailing opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis and the market size and segmentation assist to determine the prevailing potease market opportunities.
  • The major countries in each region are mapped according to their revenue contribution to the market.
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the protease industry.

Protease Market Report Highlights

Aspects Details
By Source
  • Plants
  • Animals
  • Microbes
By Application
  • Foods & Beverages
  • Pharmaceuticals
  • Animal Feed
  • Soap & Detergents
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Italy, UK, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
 

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In recent years, owing to their numerous functional properties, protease enzymes have been highly employed in various industries such as pharmaceuticals & biotechnology, food, textiles, and biofuels. In the food industry, protease not only improves food quality but also accelerates reaction specificity. For instance, protease enzymes help in conversion of protein and prolong shelf life of products. In addition, they possess properties such as food softening and staleness inhibition, which makes them ideal for use in foods & beverages and other industries.

Surge in number of patients suffering from chronic disease leads to high demand for effective pharmaceuticals, which acts as the major driving factor for the global protease market. Other factors such as increase in adoption of protease, rise in digestive disorders, and wide applications of protease enzymes across several industry verticals are expected to have a significant impact on the market growth. The overall increase in consumption of functional foods & beverages (which contain enzymes) and rise in healthcare expenditures in developing regions is projected to have a positive impact on the market growth.

Use of protease enzymes is the highest in North America, owing to technological advancements and recovering American economy, which has led to increase in healthcare expenditures in the region. However, the Asia-Pacific protease market is expected to grow at a significant rate, owing to increase in healthcare facilities and growth in manufacturing base, especially in Japan, India, and China. 

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FREQUENTLY ASKED QUESTIONS?

A. The global protease market size was valued at $3,454.3 million in 2020, and is projected to reach $5,762.7 million by 2030, registering a CAGR of 5.4%, from 2021 to 2030. The r5ising adoption of protease in the manufacturing of soap and detergent is expected to boost the market growth.

A. The global protease market is expected to grow at a significant CAGR of 5.4% from 2021 to 2030. The growing applications of proteases in the pharmaceuticals industry in producing medicines is propelling its growth.

A. The report sample is available on request on the website of the Allied Market Research.

A. The forecast period calculated in this report is from 2021 to 2030. The report provides a detailed analysis of the market size, upcoming trends, and existing opportunities in the market. The report also highlights the growth rate and major macroeconomic factors that will have a significant impact on the market growth in the upcoming future.

A. According to the protease market analysis, the global protease market is segmented bon the basis of source, application, and region. By source, the market is categorized into plants, animals, and microbes. Further, on the basis of application, the market is segmented into foods & beverages, pharmaceuticals, animal feed, soap & detergents, and others.

A. Key players profiled in this report include Advanced Enzyme Technologies, Amano Enzyme, Inc., Associated British Foods Plc, BASF SE, Biocatalysts Ltd., Dyadic International, Inc., E.I. Du Pont De Nemours and Company, Koninklijke DSM N.V., Novozymes A/S, and Specialty Enzymes & Probiotics.

A. Region wise, Asia-Pacific is projected to be the fastest-growing market. Presence of huge population, rise in disposable income, growth in awareness regarding cleanliness, and rise in burden of diseases are the prominent factors that are expected to fuel demand for detergents and various pharmaceutical drugs in the region.

A. COVID-19 pandemic had a positive impact on the market. Rapid spread of the COVID-19 disease among the population has increase in health consciousness and shifted focus of consumers toward nutritional and functional food. Furthermore, demand for detergents spiked rapidly, owing to increase in need for regular washing and cleaning of clothes. Rise in production levels of detergents resulted in rise in` consumption of protease across the globe.

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