Protease, lipase, and phospholipids are examples of enzymes that are acknowledged as alternatives to traditional chemicals and give solutions to problems associated with synthetic chemicals. As per Future Market Insights (FMI), the protease market is projected to rise at 7.8% CAGR, reaching US$ 3.94 Bn through 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 detrimental environmental impact because they work under mild settings.
As a result, textile, protein hydrolysis, bread, brewing, dairy, and animal nutrition industries are widely adopting protease which is generated from plants, animals, and microorganisms. To achieve higher yields and cleaner goods, the leather industry has moved to proteases and trypsin instead of lime and sulphides.
As per FMI, amylase and protease are utilized to increase output in bakery and confectionary. Due to growing adoption of protease in bakery, the market is expected to register over 13.9% of sales during the forecast period.
As enzymes can also be utilized to boost the nutritional content of food and feed. Enzymes also reduce water usage, chemical waste, and by-product generation, posing little dangers to individuals and the environment. As a result, they are thought to be cost-effective, safe, and environmentally benign.
Chemically produced products can cause threat to human life and have a negative impact on the environment. The majority of industrial manufacturing enterprises are switching to safer, naturally produced products in place of harmful chemical products.
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Key Takeaways from the Protease Market Study:
“Consumers’ demand for more natural products, free from chemical additives is increasing with time. Protease enzymes can be used as a replacement for bi-sulfite, a chemical compound additive. Rapid advances in technology have made new proteases available for the food and beverage industry. This is expected to help in growth of the protease market in the coming years” said a lead analyst at FMI.
Who is Winning?
Key players operating in the market are focusing on new product launches and innovation in protease to cater surging demand from sports nutrition and bakery & confectionary. Manufacturers are also collaborating with pharmaceutical as well as local vendors to expand their customer base.
Some of the leading companies offering protease are Novozymes A/S, Advanced Enzymes Technologies Limited, BASF SE, Royal DSM N.V., E.l. 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.
Protease Market by Category
By Form:
By Product Type:
By End Use Application:
By Region:
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Key Questions Answered in the Report
As per FMI, the protease market is expected to grow at 7.8% CAGR between 2021 and 2031.
The demand for protease increased at 6.1% CAGR between 2016 and 2020.
North America is leading the protease market, contributing over 27.3% of market share through 2031. In North America, the U.S. is expected to be the most lucrative market of protease, registering growth at 5.2% CAGR.
As per Future Market Insights, Rossari Biotech Limited, AB Enzymes GmbH, Novozymes A/S, BASF SE, E.L. Du Pont de Nemours & Company, Advanced Enzymes, and Nagase & Co. Ltd among others are identified as key players.
Some of the key factors supporting the protease market growth include increased application of protease in bakery & confectionary, dietary supplements, and infant food, and expansion of product portfolio. Additionally, growing demand for clean label and sustainable organic food products is supporting the growth of protease market.
Companies operating in the protease market are likely to focus on production of sustainable products with extended shelf life to gain competitive strength.
Increased application of protease in bakery and confectionary will create increasing opportunities for protease sales in the U.K.
Over 38.6% of protease sold in East Asia is expected to concentrate in China.
South Korea is expected to contribute over 29.6% of protease sales in East Asia.
About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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