Protease, lipase and phospholipids are examples of enzymes that are recognized as alternatives to traditional chemicals and provide solutions to problems associated with synthetic chemicals. According to Future Market Insights (IMF), the protease marketshould increase to 7.8% CAGRreaching US$3.94 billion until 2031. As synthetic chemicals used in industrial operations are toxic and can cause environmental hazards. Enzymes generated from plants and microbes, such as sugars and protease, have no adverse environmental impact because they operate under mild conditions.
As a result, the textile, protein hydrolysis, bread, brewing, dairy, and animal nutrition industries are widely adopting protease generated from plants, animals, and microorganisms. To achieve higher yields and cleaner products, the leather industry switched to proteases and trypsin instead of lime and sulphides.
According to the IMF, amylase and protease are used to increase production in baking and confectionery. Due to the increasing adoption of protease in baking, the market is expected to register more than 13.9% sales over the forecast period.
Enzymes can also be used to increase the nutritional content of foodstuffs and animal feeds. Enzymes also reduce water consumption, chemical waste and the generation of by-products, which poses little danger to people and the environment. As a result, they are considered cost effective, safe and environmentally friendly.
Chemically produced products can threaten human life and have a negative impact on the environment. The majority of industrial manufacturing companies are turning to safer, naturally produced products instead of harmful chemicals.
The major players operating in the market are focusing on new product launches and protease innovation to meet the growing demand from sports nutrition and bakery & confectionery. Manufacturers are also collaborating with pharmaceutical and local suppliers to expand their customer base.
Some of the major companies offering proteases are Novozymes A/S, Advanced Enzymes Technologies Limited, BASF SE, Royal DSM NV, El Du Pont de Nemours & Company, Rossari Biotech Limited, AB Enzymes GmbH, Lallemand Inc., Amano Enzymes Inc., Biocatalysts Limited, Creative Enzymes, Nagase & Co., Ltd., Chr Hansen Holding A/S, Jiangsu Boli Bioproducts Co. Ltd., Kemin Industries, Inc. and others.
What is the demand outlook for the proteases market?
According to IMF, the protease market is expected to grow at a CAGR of 7.8% between 2021 and 2031.
How fast has the demand for protease increased over the past five years?
The demand for protease increased by 6.1% CAGR between 2016 and 2020.
What is the most lucrative market for protease?
North America is the market leader for protease, contributing over 27.3% market share through 2031. In North America, the United States is expected to be the most lucrative market for protease , registering a growth of 5.2% CAGR.
What are some of the major companies offering protease?
According to Future Market Insights, Rossari Biotech Limited, AB Enzymes GmbH, Novozymes A/S, BASF SE, EL Du Pont de Nemours & Company, Advanced Enzymes and Nagase & Co. Ltd, among others, are identified as key players.
What are the key factors supporting the growth of the Protease market?
Some of the key factors supporting the growth of the protease market include increased application of protease in bakery & confectionery, dietary supplements and baby food, and expanding product portfolio. Additionally, the growing demand for sustainable organic food products and clean labels is supporting the growth of the protease market.
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