Proteases, also called as peptidases, are the largest group of enzymes having an invincible role in many industries, especially in the arena of food, detergents and pharmaceuticals. Proteases encompass about 60% of the total enzyme market and stand amongst the most precious commercial enzymes. The global market for proteases is expected to uphold a CAGR of 6.4% during the forecast period of 2017 to 2022. It is estimated to be worth around USD 3.29 billion by 2022.
The primary factors that drive the global market for proteases are its wide use in the food industry. Protease enzymes are diverse ingredients. It helps in reducing the manufacturing costs of food products and also to improve the digestibility of some foods, they are critical for the development of many of today’s FMCG products. The main reason for the growth of this market is the multiple uses of proteases in diverse industries. Its eco-friendly nature due to its non-toxic and non-pathogenic attributes is an added advantage that leads to a surge in the market. Presence of stringent regulations has pull down the proteases market to an extent. Growing product demand in various applications including paper, biofuels, rubber, photography, biological detergents, contact lens cleaners and molecular biology will promote industry expansion over the next eight years.
The global proteases market is classified by the source into animal, plant, and microbial. By products, the market is segmented into animal, plant and microbial. Renin, Papain, Alkaline proteases dominated the animal, plant and microbial product segments, respectively. On the basis of application, the proteases market can be segmented into food & beverages, feed additives, laundry & dish washing detergents, health care, and other applications. The food and beverage industry covers a huge share of the application segment with the use of proteases in dairy, bakery, processed foods, meat, beverages and others like infant food formula, etc. Further classified by the method of production, the proteases market is segmented into fermentation and extraction. Geographical segmentation are North America, Europe, Asia-Pacific, South America and Africa.
Accounting for around 60% of the entire enzyme market, proteases are aptly considered as the most important part of industrial enzymes. North America leads the global proteases market, followed by Europe. Owing to the developed industries in these regions. Asia-Pacific is the fastest-growing region due to the economic and operational benefits of proteases. They are presenting an untapped potential for the growth of protease enzymes in the food, detergent, as well as, pharmaceutical industries.
Companies continue to invest in R&D to find new avenues for enzymes. The major companies operating in the global proteases market are Chr. Hansen Holdings A/S (Denmark), E.I. du Pont de Nemours and Company (U.S.), Associated British Foods plc. (U.K.), Koninklijke DSM N.V. (The Netherlands), Novozymes A/S (Denmark), etc.
Advanced Enzyme Technologies Ltd.
Amano Enzyme Inc.
Associated British Foods PLC
Chr. Hansen Holdings A/S
Key Deliverables in the Study
Market analysis for the global protease market, with region-specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies, along with their market share.
Identification and analysis of the macro and micro factors that affect the global protease market on both, global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insight about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach and Methodology
2.2 Research Design
2.3 Study Timeline
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modelling
2.4.4 Expert Validation
3. Market Overview
4. Market Dynamics
4.1.1 Diverse Functionality in Food
4.1.2 Importance in Multiple Industrial Application
4.1.3 Advancements in R&D Activities for Proteases
4.2.1 Stringent Government Regulations
4.3.1 Increase in Demand for Environmental and Health-Friendly Products
4.3.2 Emerging Economies with High Growth Potential
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. Market Segmentation
5.1 By Source Type
5.1.1 Animal Sources
5.1.2 Plant Sources
5.1.3 Microbial Sources
5.2 By Product Type
5.2.1 Animal Product
5.2.2 Plant Product
188.8.131.52 Others (Keratinases and Ficin)
5.2.3 Microbial Product
184.108.40.206 Alkaline Protease
220.127.116.11 Acid Protease
18.104.22.168 Neutral Protease
5.3 By Method of Production
5.4 By Formulation
5.4.1 Liquid Formulations
5.4.2 Lyophilized Powder
5.5 By Application
5.5.1 Food & Beverage
22.214.171.124 Dairy Industry
126.96.36.199 Bakery Enzymes
188.8.131.52 Processed Foods
184.108.40.206 Infant Food Formulae
5.5.2 Animal Feed Additives
5.5.3 Laundry & Dishwashing Detergents
220.127.116.11 Pharmacology & Drug Manufacture
18.104.22.168 Digestive Supplements
5.5.5 Cleaning Formulations (Contact Lens, Hard Surface)
5.5.6 Leather and Textile Industry
5.5.7 Others (Paper Conservation, Metal Recovery, Waste Treatment)
5.6 By Region
5.6.1 North America
5.6.4 South America
22.214.171.124 South africa
6. Competitive Landscape
6.1 Strategies Adopted by Key Players
6.2 Most Active Companies in the Past Five Years
6.3 Market Share Analysis
7. Company Profiles
7.1 Novozymes A/S
7.2 Chr. Hansen Holdings A/S
7.3 E. I. Du Pont De Nemours and Company
7.4 Associated British Foods PLC
7.5 Koninklijke DSM N.V.
7.6 Advanced Enzyme Technologies Ltd.
7.7 Dyadic International Incorporated
7.8 Amano Enzyme Inc.
7.9 Biocatalysts Limited
7.10 Specialty Enzymes & Biotechnologies