Protease Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
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Published : August, 2017
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Rep Id : FB0028
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Category : Food & Beverages
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Status : Published
Published : August, 2017
Rep Id : FB0028
Category : Food & Beverages
Status : Published
New report published by Infinium
Global Research predicts the global protease market is projected to surpass USD
2.50 billion by 2023, growing with a CAGR of 5.7% from 2017 to
2023. Protease is an enzyme that breaks down bonds of proteins and converts
them into smaller chains of amino acids or peptides through hydrolysis process.
The major available source of protease is microorganisms. There are many health
benefits of protease and they are used for manufacturing various medicines,
foods and beverages.
Microbial protease owing to
significant demand from the industry accounted for substantial share in terms
of revenue in the global protease market. In dairy industry, rennin is the
major protease in demand and it has application in cheese making process.
Detergents and soaps industry is a major source for growth of global protease
market due to increasing demand from both domestic and industrial applications.
As an enzyme additive in feed, protease is expected to experience rapid growth
in demand from livestock industry. The innovations in protein engineering
technology and government policies are expected to drive the global protease
market over the forecast period.
Segments Covered:
The report segments the global
protease market by source, application, and region. In terms of source, the
market is segmented as animals, plants and microorganisms. On the basis of
applications, the market is segmented as bioremediation, food and beverages,
detergents and soaps, paper and pulp, pharmaceuticals, textiles, and others.
Figure: Global Protease Market by Region
Geographic Coverage and Analysis:
The report provides regional
analysis covering geographies such as North America, Europe, Asia-Pacific, and
Rest of the World. In terms of market share, North America was the market in
terms of revenue in 2017. Favorable regulations in the US have driven the
demand for protease over the past few years. Eastern Europe holds key in the
growth of protease market in Europe as several Western European countries have
saturated demand. In parts of Europe and North America, the pharmaceutical
sector generates demand for protease to provide new impetus. While in
Asia-Pacific region, the increasing disposable income is expected to drive the
demand for products that require protease for manufacturing. The detergents and
soaps industry and pharmaceuticals industry in China and India drive the market
in the region. Increasing cost of raw materials and stringent guidelines for
manufacturing of protease are the major challenges in front of the major
players in global protease market. In developing economies in the rest of the
world, the modernization of various industries and adoption of environmental
friendly enzymes are expected to drive the demand of protease.
Companies Profiled
The report provides profiles of the companies in the global protease market such as AB Enzymes, Chr. Hansen Holdings A/S, I. du Pont de Nemours and Company, Koninklijke DSM N.V. Royal DSM, Specialty Enzymes &, Biotechnologies Co., Advanced Enzymes, Dyadic International, Jiangsu Boli Bioproducts Co., Ltd, Amano Enzymes, Novozymes A/S.
Report Highlights:
The report provides deep insights
on demand forecasts, market trends and micro and macro indicators. In addition,
this report provides insights on the factors that are driving and restraining
the demand of protease both globally and regionally. Moreover, IGR-Growth
Matrix analysis given in the report brings an insight on the investment areas
that existing or new market players can consider. The report provides insights into the market
using analytical tools such as Porter’s five forces analysis and value chain
analysis of protease. Moreover, the study highlights current market trends and
provides forecast from 2017 to 2023. We also have highlighted future trends in
the protease market that will impact the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight on the market share of the leading players. Additionally, the analysis
highlights rise and fall in the market shares of the key players in the market.
The report also provides in depth
analysis of regulatory framework pertaining to protease market. This will help
the companies to understand the regulatory compliances, supports, barriers in
the protease market. This section
highlights key amendments and their implication on protease market in the short
run as well as in the long run.
The report also provides in depth
analysis of regulatory framework pertaining to protease market. This will help
the companies to understand the regulatory compliances, supports, barriers in
the protease market. This section
highlights key amendments and their implication on protease market in the short
run as well as in the long run.This report will help manufacturers, suppliers
and distributors of the protease to understand the present and future trends in
this market and formulate their strategies accordingly.
Global
$5195.00
Global
$5195.00
Global
$5195.00
Global
$5195.00
Global
$5195.00