Proteases Market Size, Trends, Growth And Global Industry Report 2033

Overview and Scope

Proteases refer to a large and various group of enzymes that break down protein. Proteases break down proteins in the body or skin to help with digestion or with the breakdown of proteins causing swelling and pain.

 

Sizing and Forecast

The proteases market size has grown strongly in recent years. It will grow from $3.18 billion in 2023 to $3.4 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%.  The growth in the historic period can be attributed to industrial applications in food processing, enzyme replacement therapy, increasing demand in detergent industry, widespread use in pharmaceutical manufacturing, growing awareness of enzyme benefits, application in leather and textile industries, biofuel production.

 

The proteases market size is expected to see strong growth in the next few years. It will grow to $4.56 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.  The growth in the forecast period can be attributed to rising demand for sustainable industrial practices, development of therapeutic enzymes, emergence of personalized medicine, application in cell culture processes, demand for enzymes in waste management, advancements in protease inhibitor research, use in novel therapeutic approaches. Major trends in the forecast period include technological integration, advancements in enzyme engineering, biological solutions in agriculture, specialty enzymes, enzyme replacement therapies, emerging markets, collaborations for research and development.

 

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Segmentation & Regional Insights

The proteases market covered in this report is segmented –

1) By Source: Animal, Plant, Microbial

2) By Form: Liquid, Powder

3) By Application: Food And Beverage, Healthcare, Animal Feed, Other Applications

 

North America was the largest region in the proteases market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 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 rising number of health-conscious consumers is expected to drive the growth of the proteases market going forward. Health-conscious consumers (HCCs) are those consumers that live a ‘wellness-oriented’ lifestyle and are worried about their environment and nutrition. Health-conscious consumers are interested in the consumption of healthier products containing proteases that support digestive health and weight consciousness. For instance, according to a survey result published in January 2021 by Public Health England (PHE), an England-based government agency for health and social care, a survey of more than 5000 adults showed that 7 in 10 adults were motivated to make healthier lifestyle changes owing to COVID-19 pandemic while 8 in 10 adults aged over 18 decided to alter their lifestyle in 2021. Additionally, around 43% of adults feel more motivated to make changes to their life as compared to last year. Therefore, the rising number of health-conscious consumers will propel the demand for proteases.

 

Key Industry Players

Major companies operating in the proteases market report are Advanced Enzymes Technologies Limited, E.l. Du Pont de Nemours & Company, Amano Enzymes Inc., Biocatalysts Limited, Koninklijke DSM NV, Dyadic International Incorporated, Specialty Enzymes & Biotechnologies Company, Associated British Foods Plc., BASF SE, Rossari Biotech Limited, Nagase & Company Limited, Jiangsu Boli Bioproducts Company Limited, Creative Enzymes Inc., Kemin Industries Inc., AB Enzymes GmbH, Lallemand Inc., Novozymes A/S, Chr. Hansen Holdings A/S, International Flavors & Fragrances Inc., Enzyme Development Corporation, Enzyme Solutions Inc., Enzyme Supplies Limited, Genencor International Inc., Kerry Group plc, Lumis Biotech Pvt. Ltd., Megazyme International Ireland Ltd., Roche Diagnostics GmbH, Sandoz International GmbH, Sunson Industry Group Co. Ltd., The Soufflet Group, Thermo Fisher Scientific Inc., VTR Bio-Tech Co. Ltd.

 

The proteases market report table of contents includes:

1. Executive Summary
2. Proteases Market Characteristics
3. Proteases Market Trends And Strategies
4. Proteases Market – Macro Economic Scenario
5. Global Proteases Market Size and Growth
6. Proteases Market Segmentation
7. Proteases Market Regional And Country Analysis

………………

33. Key Mergers And Acquisitions In The Proteases Market
34. Proteases Market Future Outlook and Potential Analysis
35. Appendix

 

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Proteases  Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Proteases  Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Proteases  Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

………………

Table 74: Advanced Enzymes Technologies Limited Financial Performance

Table 75: E.l. Du Pont de Nemours & Company Financial Performance

Table 76: Amano Enzymes Inc. Financial Performance

Table 77: Biocatalysts Limited Financial Performance

Table 78: Koninklijke DSM NV Financial Performance

 

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