Proteases Market Size Worth USD 5,770 Million by 2030 at 5.9% CAGR - Report by Market Research Future (MRFR)

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Market Research Future
Market Research Future

Proteases Market Size and Trends by Type (Trypsin, Renin, Pepsin, Papain and Alkaline Protease), Form (Liquid and Powder), Application (Bakery & Confectionery, Beverages, Dairy & Frozen Desserts and Animal Feed) and Region – Forecast till 2030

New York, US, July 05, 2022 (GLOBE NEWSWIRE) -- Proteases Market Overview:

According to a Comprehensive Research Report by Market Research Future (MRFR), “Proteases Market Information by Type, Form, Application, and Region- Forecast till 2030”, the market is estimated to acquire a size of over USD 5770 Million by the end of 2030. The report further predicts the market to thrive at a healthy CAGR of over 5.9% during the review timeframe.

Market Synopsis

Proteases are biological substances that act as enzymes, breaking down peptide links in proteins. These chemicals are widely used in the food industry since they are essential in preparing various food products. Proteases can be extracted easily from vegetation, animals, and microorganisms under various physical and chemical circumstances. The necessity for proteases is increasing due to their widespread application in the food industry. Proteases are essential for the body's metabolic processes and protein breakdown in the diet. This application encourages the use of this chemical in various food production processes. As a result, the proteases market is growing at a global level.

Proteases minimize mixing time, lower dough consistency, and manage gluten concentration in bread; due to these qualities, they are commonly used in baking foods. It even aids in the enhancement of food flavor and texture. Protease enzymes are used in the leather and woolen processing industries as well. Protease enzymes are an environmentally acceptable alternative to chemicals used in leather production. Consumers of meat are frequently concerned about the softness and taste of their meat. Thus, the sarcomere length, connective tissue, and the muscle's proteolytic capacity influence meat tenderness. Protease enzymes are commonly employed to tenderize meat appropriately.

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Report Scope:

Report Attribute

Details

2030 Market Size

USD 5770 Million

CAGR

5.9% (2022–2030)

Base Year

2021

Forecast Period

2022-2030

Historical Data

2020

Forecast Units

Value (USD Million)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Type, Form, Application

Geographies Covered

North America, Europe, Asia-Pacific, and Rest of the World (RoW)

Key Market Drivers

Increased private Investments Increased demand for convenience food

use of protease in meat products, kinds of seafood

Market Competitive Landscape:

The central players in the proteases market are:

  • E. I. du Pont de Nemours and Company (U.S.)

  • Amano Enzyme Inc. (Japan)

  • Dyadic International, Inc. (U.S.)

  • Specialty Enzymes & Biotechnologies Co. (U.S.)

  • Chr. Hansen Holding A/S (Denmark)

  • Novozymes A/S (Denmark)

  • Associated British Foods Plc (U.K)

  • Koninklijke DSM N.V. (the Netherlands)

  • Advanced Enzyme Technologies Limited (India)

  • Biocatalysts Limited (U.K)

Market USP Covered:

Market Drivers:

Proteases, which are vital for survival, metabolism, and digestion, have increased consumption as people become more cognizant of their health and food safety. Food and beverage businesses use principal food enzymes such as protease, glucose, and lipase. These businesses are commonly found in different nations due to enhanced consumption. As a result, the food and beverage industry is a crucial market driver. The need for protease in meat products, various types of fish, and other processed foods is a significant driver of industry expansion. Government and private sector investments fuel the market to supply high-quality, standard food with all of the requirements. The massive usage of baked goods such as breakfast and lunch creates enormous business prospects. Consumption of natural and healthful foods has increased as the clean label movement gains traction in the food business. As a result, protease is becoming increasingly common.

Market Restraints:

During the pandemic, when the food industry was closed down for a period of time, the market faced significant hurdles. The market faced a problematic scenario as it worked to recuperate from the financial crisis. Another challenging element is meeting the demands of today's generation and serving them according to their preferences.

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COVID 19 Analysis

The global financial crisis COVID-19 has substantially impacted the proteases market. In the first quarter of the pandemic, numerous manufacturing activities of the protease enzymes company were closed. Furthermore, proteases have been discovered to be prospective pharmacological targets for the antiviral therapy of COVID-19 in various studies, although drug development and treatments for them could be a lengthy process. As a result, the need for these enzymes from various end-user industries was increasing, favorably impacting the market. However, the pandemic has boosted the proteases industry, which has new applications in the pharmaceutical industry.

The greater adoption of viral or host proteases to regulate viral entry and the pathogenesis of viral infection has resulted from the rising search for effective antiviral treatment. Researchers believe that protease inhibitors could be a viable antiviral therapy for COVID-19 since exogenous and endogenous drugs targeting proteases have been demonstrated to be effective against various viral diseases, including HIV and influenza.

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Market Segmentation

By Type

With its widespread use in various foods, meat, and dairy products, the renin segment is regarded as the market's most dominant section among the above enzymes.

By Form

The powdered segment has the most outstanding market share due to its broad applications, which extend the shelf life of the products.

By Application

Due to the use of proteases in baked goods to stabilize the products, the bakery & confectionery segment is considered the most dominant.

Regional Insights

Due to the amplified demand for meat and milk in critical regions such as the United States, the North American region was identified as the leading region. Following North America, the European region is witnessing tremendous expansion due to increasing cheese, beverage, and other food product consumption in major countries like Germany, the United Kingdom, and France. Protease's ability to remove stains has made it valuable in manufacturing detergents. Increased health consciousness and consumer awareness of hygiene and cleanliness are likely to drive demand for soaps and detergents, which will drive the protease market forward.

The Asia-Pacific region is the speediest region, with a significant market share. These important regions will contribute to the proteases market's global success. Protease consumption will be high in Asia-Pacific due to the wide range of commercial and application opportunities and the product's cost and performance advantages. Expanding urbanization and rising demand in the packaged food, soap & washing powder, livestock feed, and pharmaceutical industries will help the region expand even faster.

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