Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the protease market provides in-depth analysis of
segments and sub-segments in the global as well as regional protease market.
The study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional protease market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecast and dollar
values of the global protease market. According to the report, the global protease
market is projected to grow at a CAGR of about 6.0% over the forecast period of
2022-2028.
The Global Protease Market was
valued at over 3.5 USD Billion in 2022 and is expected to reach about USD 5.0
Billion in 2028, with a CAGR of about 6.0% during the forecast period. Protease
is an enzyme that breaks down the bonds of proteins and converts them into
smaller chains of amino acids or peptides through the hydrolysis process. The
foremost available source of protease is microorganisms. There are many health
benefits of protease and are used for manufacturing various medicines, foods,
and beverages. Protease springs from three significant sources which primarily
include animal, plant, and microbial. The animal source includes trypsin,
pepsin, rennin, and others, the plant source contains papain, bromelain, et al
and therefore the microbial include alkaline protease, acid protease, and
neutral protease. Proteases are extensively getting used in various products
like Food and Beverage (Dairy, Bakery, Beverages, Meat, and Poultry, Infant
Formula), Healthcare, Animal Feed, and Other Applications.
As an enzyme additive in feed,
protease is anticipated to experience an ascent in demand from the livestock
industry. The enzymes are mostly utilized to decrease the dough consistency and
uniformity, and increase the gluten strength, and mixing time. The innovations in
protein engineering technology and government policies are expected to drive the
worldwide protease market over the forecast period. Microbial protease because
of significant demand from the industry accounted for a considerable share in
terms of revenue within the global protease market. Within the dairy industry,
rennin is an important protease in demand and its applications within the
cheese-making process. The growing demand for meat, alcoholic beverages, and
dairy products has driven the world protease market. The incorporation of
protease in beer aids in improving its clarification and malting thus, fuelling
its demand within the alcoholic beverages market. However, the extraction
procedures for proteases from the microbes are relatively costlier and
time-consuming, which is which major restraint on the expansion of the market.
Based on the region, the worldwide
Protease Market is segmented into the Asia Pacific, North America, Europe, and
the Middle East & Africa. North America is anticipated to witness the
biggest market share over the forecast period. Favorable regulations within the
US have driven the demand for protease during the forecast period. Eastern
Europe holds key to the expansion of the 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 produce new
impetus. While within the Asia-Pacific region, the increasing income is
anticipated to drive the demand for products that need protease for
manufacturing.
The COVID-19 pandemic has had an effect
on manufacturing and demand in several regions. Furthermore, it severely
impacted various small to medium-sized businesses, significantly disrupting
demand for liquid. The global economic condition COVID19 has affected the
proteases market significantly. This can be because of the actual fact that
there have been the closures of several manufacturing units of the proteases
enzymes manufacturer within the half-moon of fiscal 2021. Further, with several
varieties of research, it absolutely was found that proteases are promising
drug targets for the antiviral treatment of COVID-19, but the drug development
and therapeutics for them might be a really complicated process. Furthermore,
the demand for enzymes by various end-user industries was increasing which
affected the market positively.
The report on the global protease
market covers segments such as source, and application. On the basis of source,
the sub-markets include plants, animals, and microbes. On the basis of
application, the sub-markets include foods & beverages, pharmaceuticals,
animal feed, soap & detergents, and others.
The report provides profiles of
the companies in the market such as AB Enzymes, Specialty Enzymes &
Biotechnologies Co., Dyadic International, Inc., Jiangsu Boli Bioproducts Co.,
Ltd, Amano Enzymes, Inc., Chr. Hansen Holdings A/s, E.I. Du Pont De Nemours and
Company, Koninklijke DSM N.V., Novozymes A/s, and Associated British Foods plc.
The report provides deep insights into
the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into 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 DRO
analysis of the protease market. Moreover, the study highlights current market
trends and provides forecast from 2022-2028. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an insight
into the market share of the leading players.
Please Choose One of them.