Overview and Scope
Serine proteases are enzymes that cleave peptide bonds in proteins featuring a distinctive structure, with two beta-barrel domains converging at the catalytic active site. These enzymes are ubiquitous in both eukaryotes and prokaryotes and play roles in various physiological and pathological processes
Sizing and Forecast
The serine proteases market size has grown rapidly in recent years. It will grow from $2.04 billion in 2023 to $2.26 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to increasing prevalence of diseases where enzyme, increased funding and grants for protease-related research, regulatory support and incentives, advancements in genetic engineering, and rise in demand for serine protease in food
The serine proteases market size is expected to see rapid growth in the next few years. It will grow to $3.45 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to expansion of industrial applications, growing awareness and adoption, rising prevalence of chronic diseases, increasing demand in biotechnology and pharmaceuticals, and increasing incidence of digestive disorders. Major trends in the forecast period include technological advancements, development of inhibitors for treating diseases, customized therapeutic approaches, adoption of CRISPR technology, and advancements in omics technologies.
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Segmentation & Regional Insights
The serine proteases market covered in this report is segmented –
1) By Type: C1R, C1S, C3A, C3B
2) By Application: Digestive System, Blood Coagulation System, Complement System, Other Applications
3) By End-Use: Dietary Supplements, Nutraceuticals, Pharmaceutical, Industrial, Other End-Uses
Asia-Pacific was the largest region in the serine proteases market in 2023. The regions covered in the serine proteases market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The expansion of the food and beverage industry is expected to propel the growth of the serine proteases market going forward. The food and beverage industry encompasses all businesses involved in producing, processing, packaging, distributing, and selling food and drink products. The expansion of the food and beverage industry is due to the increasing global population, migration of people to urban areas, and innovations in production, processing, and distribution to improve efficiency. The application of serine proteases enhances the quality, flavor, and functionality of food and beverage products, contributing to innovation and efficiency in the industry. For instance, in April 2024, according to the Australian Bureau of Statistics, an Australian government statistical agency, sales of food and non-alcoholic beverages in Australia’s supermarkets, grocery stores, convenience, and specialty food stores amounted to 15.1 million tonnes in the fiscal year 2021-22, compared to the 14.8 million tonnes sold in the fiscal year of 2020-21. Therefore, the expansion of the food and beverage industry is driving the growth of the serine proteases market
Key Industry Players
Major companies operating in the serine proteases market are BASF SE, Thermo Fisher Scientific Inc., Roche Holdings Inc., Merck KGaA, Lonza Group, Novozymes A/S, QIAGEN N.V., GenScript Biotech Corporation, Promega Corporation, BioLegend Inc., R&D Systems Inc., Sino Biological Inc., Codexis Inc., New England Biolabs Inc., BBI Solutions Ltd., BRAIN Biotech AG, Cayman Chemical Company, RayBiotech Inc., BioCat GmbH, Enzo Life Sciences Inc., ProSpec-Tany TechnoGene Ltd.
The serine proteases market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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