Global Proteases Market Report 2017

Global Proteases Market

Dublin, May 29, 2023 (GLOBE NEWSWIRE) -- The "Proteases Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.The global proteases market is expected to grow from $2.99 billion in 2022 to $3.19 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The proteases market is expected to grow to $4.12 billion in 2027 at a CAGR of 6.6%.

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. The main sources of proteases are animal, plant, and microbial. Animal proteases refer to enzymes that are originated from animals. Pancreatic trypsin, chymotrypsin, pepsin, and renin are some of the animal proteases. These are available in liquid and powder form that are used in applications such as food and beverage, healthcare, animal feed, and othersProduct innovation is a key trend gaining popularity in the protease market. Major players operating in the proteases market are focusing on innovating novel products to gain a completive advantage in the market. For instance, in September 2021, DSM-Novozymes Feed Enzymes Alliance, an association between DSM, a Netherlands-based chemicals company, and Novozymes A/S, a Denmark-based biotechnology company, launched ProAct 360, a novel and robust second-generation protease customized to the needs of the feed industry.

The innovative proteases offer feed efficiency, sustainability, and affordability. It is more consistent, and releases more amino acids from the feed, thus, improving feed efficiency. It is specifically created for application in animal feed and it is the only feed protease available in the market.In May 2022, Vertex Pharmaceuticals, a US-based biopharmaceutical company acquired a portfolio of protease medicines from Catalyst Biosciences Inc for $60 million. The acquisition expands the product portfolio of Vertex with protease medicines and enables future growth. Catalyst Biosciences Inc is a US-based biotechnology company.North America was the largest region in the proteases market in 2022. 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 and Africa.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 Attributes:

Report Attribute

Details

No. of Pages

200

Forecast Period

2023 - 2027

Estimated Market Value (USD) in 2023

$3.19 billion

Forecasted Market Value (USD) by 2027

$4.12 billion

Compound Annual Growth Rate

6.6%

Regions Covered

Global

A selection of companies mentioned in this report includes

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

Kemin Industries Inc.

AB Enzymes GmbH

Lallemand Inc.

Key Topics Covered: 1. Executive Summary2. Proteases Market Characteristics3. Proteases Market Trends And Strategies4. Proteases Market - Macro Economic Scenario4.1. COVID-19 Impact On Proteases Market4.2. Ukraine-Russia War Impact On Proteases Market4.3. Impact Of High Inflation On Proteases Market5. Proteases Market Size And Growth5.1. Global Proteases Historic Market, 2017-2022, $ Billion5.1.1. Drivers Of The Market5.1.2. Restraints On The Market5.2. Global Proteases Forecast Market, 2022-2027F, 2032F, $ Billion5.2.1. Drivers Of The Market5.2.2. Restraints On the Market6. Proteases Market Segmentation6.1. Global Proteases Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Animal

Plant

Microbial

6.2. Global Proteases Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Liquid

Powder

6.3. Global Proteases Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Food And Beverage

Healthcare

Animal Feed

Other Applications

7. Proteases Market Regional And Country Analysis7.1. Global Proteases Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion7.2. Global Proteases Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ BillionFor more information about this report visit https://www.researchandmarkets.com/r/9nyp4i

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Global Proteases Market