Protease Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Source (Plants, Animals, Microbes), By Form (Powder, Liquid, Others), By Application (Animal Feed Industry, Food & Beverage Industry, Others), And By Geography - Forecasts From 2022 To 2027

  • Published : Jul 2022
  • Report Code : KSI061613975
  • Pages : 145

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, up 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 on Protease Market

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.

REGIONAL SNAPSHOT

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.

Protease Market Scope:

Report Metric Details
 Market size value in 2020  US$1.929 billion
 Market size value in 2027  US$3.077 billion
 Growth Rate  CAGR of 6.90% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments covered  Source, Form, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered 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
 Customization scope  Free report customization with purchase

 

MARKET SEGMENTATION

  • By Source
    • Plants
    • Animals
    • Microbes
  • By Form
    • Powder
    • Liquid
    • Others
  • By Application
    • Animal feed industry
    • Food & Beverage industry
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • United Arab Emirates
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • Singapore
      • Australia
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the protease market size by 2027?
A1. The protease market is expected to reach a market size of US$3.077 billion by 2027.

Q2. What is the size of the global protease market?
A2. Protease Market was valued at US$1.929 billion in 2020.

Q3. What are the growth prospects for the protease market?
A3. The protease market is expected to grow at a CAGR of 6.90% over the forecast period.

Q4. Which region holds the maximum market share of the protease market?
A4. North America dominates the protease market but the market in the Asia Pacific is the fastest growing due to the emerging markets of China and India.

Q5. What factors are anticipated to drive the protease market growth?
A5. The growing demand for convenience food such as bakery products, juices, and snacks in developing countries is leading to an increased demand for protease in the food and beverage industry.


1. INTRODUCTION
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
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. PROTEASE MARKET ANALYSIS, BY FORM
5.1. Introduction
5.2. Powder 
5.3. Liquid
5.4. Others

6. PROTEASE MARKET ANALYSIS, BY SOURCE
6.1. Introduction
6.2. Plants
6.3. Animals
6.4. Microbes

7. PROTEASE MARKET ANALYSIS, BY APPLICATION
7.1. Introduction
7.2. Animal Feed Industry
7.3. Food & Beverage Industry
7.4. Others

8. PROTEASE MARKET ANALYSIS, BY GEOGRAPHY
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
8.2.3.1. United States  
8.2.3.2. Canada  
8.2.3.3. 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
8.3.3.1. Brazil 
8.3.3.2. Argentina
8.3.3.3. 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
8.4.3.1. Germany
8.4.3.2. The United Kingdom
8.4.3.3. France
8.4.3.4. Italy
8.4.3.5. 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
8.5.3.1. Saudi Arabia 
8.5.3.2. United Arab Emirates
8.5.3.3. 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
8.6.3.1. Japan
8.6.3.2. China
8.6.3.3. India
8.6.3.4. Singapore
8.6.3.5. Australia
8.6.3.6. Indonesia
8.6.3.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS
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. COMPANY PROFILES 
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

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