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Protease Market - Forecasts from 2022 to 2027

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  • 145 Pages
  • July 2022
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5649159
The protease market is expected to grow at a compound annual growth rate of 6.90% over the forecast period to reach a market size of US$3.077 billion in 2027, from US$1.929 billion in 2020. The growing demand for convenience foods such as bakery products, juices, and snacks in developing countries is leading to an increased demand for protease in the food and beverage industry. Proteases perform precise reactions important for the production processes but have hardly any technical function in the downstream food products. For example, it can be used to tenderize meat. Private investments by companies in food enzymes are increasing and gaining more consumer attention than ever, which in turn is supporting the rapid growth of the international proteas market. Furthermore, the enhancement of the product with technological advancements is considered to be one of the significant reasons for the increasing growth of the proteas market. According to the different types, proteases are segmented into trypsin, renin, pepsin, bromelain, papain, alkaline protease, and others. Among all, the renin segment dominated the market. After renin, comes alkaline owing to its vast use in the food and beverage industry, meat products, and dairy. Proteases come in different forms such as powder, liquid, and others, whereas the powder form enjoys a greater market share due to its use in food products. Geographically, it is segmented into North America, Europe, Asia Pacific, etc. where North America dominates the market but the market, in the Asia Pacific is the fastest growing due to the emerging markets of China and India.

THE MARKET GROWTH IS DRIVEN BY INCREASING APPLICATIONS IN FOOD AND BEVERAGE. Several food enzymes such as carbohydrase, protease, lipase, and others have significantly made their way into an increasing number of food and beverage industries across the globe, thus accelerating the growth of the market. Alkaline proteases are used in the preparation of protein hydrolysates of high nutritional value with a well-defined peptide profile. It also plays an important role in meat tenderization, especially beef. Food enzymes, particularly protease, are catalyzed in seafood products for a variety of benefits such as improved oil separation and higher yield, saving energy; increased protein value; and digestibility with improved functional properties such as fat- and water-binding.

Key Developments in the Market

  • In April 2021, EnzymCo announced the commencement of its production operations at its brand-new factory in Tamil Nadu, India. Tamil Nadu-based EnzymCo, has a strong focus on the Asian market to provide enzyme-based solutions to various industries, including pharmaceuticals, food & beverages, nutraceuticals, feed & pet food, and cosmetics, among many others. The locally obtained latex and subsequent refining process at EnzymCo's advanced facility ensure just-in-time deliveries of plant-derived, highly performant, non-toxic, GMO-free, and 100% biodegradable protease.
  • In November 2021, Biocatalysts Ltd, an enzyme specialist, announced the release of a new enzyme, PromodTM 324L, which expands its variety of enzymes for the pet food service industry. It has been designed specifically for the hydrolysis of animal waste protein, with a unique mix of endopeptidase activities.
  • In November 2021, Pfizer Inc. announced that PAXLOVIDTM, an investigational novel COVID-19 oral antiviral candidate, significantly reduced hospitalization and death in a Phase 2/3 EPIC-HR randomized, double-blind study of non-hospitalized adult COVID-19 patients at high risk of progressing to severe illness.

Covid-19 Impact

The COVID-19 outbreak has affected global proteases in several ways. For instance, it directly affected production and demand and disrupted the supply chain and market while also impacting the financial markets and financial strongholds of large companies. COVID-19 has had effects in many aspects, like flight cancellations, bans on travel, and quarantines, which lead to closed restaurants and no outdoor dining or events.


The global protease market share is fairly fragmented. Some of the major importers of protease enzymes include the U.S., Germany, and the Netherlands. The key industrial players include Chr. Hansen, DuPont, Associated British Food, Amano, Advanced Enzymes Technologies, Dyadic International, DSM, and Novozymes. This major participant possesses a significant growth in product development along with production expansion, which drives the growth in the industry.

The key players have intensely embarked on industry consolidation by leveraging their distribution network and entering into partnerships with local distributors, especially in emerging economies. Various companies make strategic acquisitions based on consumer preferences and geographical demands; thus, mergers and acquisitions play an important role in the protease industry's consolidation.

Market Segmentation:

By Source

  • Plants
  • Animals
  • Microbes

By Form

  • Powder
  • Liquid

By Application

  • Animal feed industry
  • Food & Beverage industry

By Geography

  • North America
  • United States
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Middle East and Africa
  • Saudi Arabia
  • United Arab Emirates
  • Asia Pacific
  • Japan
  • China
  • India
  • Singapore
  • Australia
  • Indonesia
Frequently Asked Questions about the Protease Market

What is the estimated value of the Protease Market?

The Protease Market was estimated to be valued at $1.93 billion in 2020.

What is the growth rate of the Protease Market?

The growth rate of the Protease Market is 6.9%, with an estimated value of $3.08 billion by 2027.

What is the forecasted size of the Protease Market?

The Protease Market is estimated to be worth $3.08 billion by 2027.

Who are the key companies in the Protease Market?

Key companies in the Protease Market include E.I. Du Pont De Nemours and Company, Novozymes A/S, Advanced Enzyme Technologies, DSM, Associated British Food, Neova Technologies Inc, Thermo Fisher Scientific, Kemin Industries, Promega Corporation and Merck.

Table of Contents

1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2.1. Research Data
2.2. Assumptions
3.1. Research Highlights
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porter’s Five Force 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 Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5.1. Introduction
5.2. Powder
5.3. Liquid
5.4. Others
6.1. Introduction
6.2. Plants
6.3. Animals
6.4. Microbes
7.1. Introduction
7.2. Animal Feed Industry
7.3. Food & Beverage Industry
7.4. Others
8.1. Introduction
8.2. North America
8.2.1. North America Protease Market, by Form
8.2.2. North America Protease Market, by Application
8.2.3. North America Protease Market, by Country United States Canada Mexico
8.3. South America
8.3.1. South America Protease Market, by Form
8.3.2. South America Protease Market, by Application
8.3.3. South America Protease Market, by Country Brazil Argentina Others
8.4. Europe
8.4.1. Europe Protease Market, by Form
8.4.2. Europe Protease Market, by Application
8.4.3. Europe Protease Market, by Country Germany The United Kingdom France Italy Others
8.5. Middle East and Africa
8.5.1. Middle East and Africa Protease Market, by Form
8.5.2. Middle East and Africa Protease Market, by Application
8.5.3. Middle East and Africa Protease Market, by Country Saudi Arabia United Arab Emirates Others
8.6. Asia Pacific
8.6.1. Asia Pacific Protease Market, by Form
8.6.2. Asia Pacific Protease Market, by Application
8.6.3. Asia Pacific Protease Market, by Country Japan China India Singapore Australia Indonesia Others
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10.1. E.I. Du Pont De Nemours and Company
10.2. Novozymes A/S
10.3. Advanced Enzyme Technologies
10.4. DSM
10.5. Associated British Food
10.6. Neova Technologies Inc
10.7. Thermo Fisher Scientific
10.8. Kemin Industries
10.9. Promega Corporation
10.10. Merck

Companies Mentioned

  • E.I. Du Pont De Nemours and Company
  • Novozymes A/S
  • Advanced Enzyme Technologies
  • DSM
  • Associated British Food
  • Neova Technologies Inc
  • Thermo Fisher Scientific
  • Kemin Industries
  • Promega Corporation
  • Merck