The market for proteases is projected to reach USD 2.21 Billion by 2021, at a CAGR of 6% from 2016 to 2021. The proteases market is fueled by growing industrialization, increasing incidence of diseases, growing environmental concern, and focus on cost reduction and resource optimization, which has led to a large-scale adoption of proteases for various applications.
“Pharmaceuticals is the fastest growing application in the proteases market”
On the basis of application, the proteases market is segmented into food & beverages, livestock feed, soaps & detergent, pharmaceuticals, others (textile & leather, waste management, chemical industries, silver recovery, photography, and biofuel).Among all the applications of proteases, the pharmaceutical segment is projected to be the fastest-growing application from 2016 to 2021. The growing incidence of diseases and increasing consumer awareness on disease prevention and treatment measures are the driving factors for the pharmaceutical segment.
Complete report, on Proteases Market spread across 152 pages, with 70 tables and 58 figures is now available at http://www.rnrmarketresearch.com/proteases-market-by-source-microbial-animal-plant-formulation-liquid-lyophilized-powder-product-renin-papain-alkaline-application-food-beverages-feed-soaps-detergents-pharmaceutical-by-regi-st-to-2021-market-report.html
Based on the methods of production, the proteases market is segmented into fermentation and extraction. Fermentation dominated the proteases market due to producer’s reliance on microbial sources and economic efficiency involved as the process is time and cost saving.
The market is also segmented on the basis of formulations into liquid, lyophilized powder, and others. Lyophilized powder dominated the proteases market in terms of formulation due to its functional properties as it increases the shelf life of the product and also due to the development & advancement of technology such as encapsulation.
On the basis of products, renin dominated the animal product segment for proteases owing to its physiological benefits and its major use in the food & beverages industry such as cheese making. Papain dominated the plant product segment of proteases due to its health benefits such as boosting digestion, supporting the immune system, acting as an antioxidant, and others, along with its functional properties such as relatively heat-resistant enzyme makes it more preferable. Alkaline is the largest microbial product in the proteases market owing to its functional properties as it is more stable at high temperatures and it also finds its application majorly in the soaps and detergent industry which is the largest industry for enzyme application.
“China and India: The future of the proteases industry”
North America dominated the global proteases market in 2015.The Asia-Pacific region is projected to be the fastest-growing market from 2016 to 2021. The markets are growing in China and India due to the increasing disposable income of the people, growing urban population, abundance of human capital along with government support to promote the growth of biotechnology, and ease of doing business in developing countries, making way for profitable returns.
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Leading players in the proteases market are Chr. Hansen Holdings A/S (Denmark),E.I. duPont de Nemours and Company (U.S.), Associated British Foods plc (U.K.), Koninklijke DSM N.V.(The Netherlands), and Novozymes A/S (Denmark).Other players include Dyadic International Incorporated (U.S.), Advanced Enzyme Technologies Ltd. (India), Biocatalysts Limited (U.K.), Amano Enzyme Inc. (Japan), and Specialty Enzymes and Biotechnologies (U.S.).
Technical Enzymes Market by Type (Cellulases, Amylases, Proteases, Lipases, Other Enzymes), Application (Bioethanol, Paper & Pulp, Textile & Leather, Starch Processing, Other Applications), & by Region - Global Forecasts to 2021. Is now available at RnRmarketresearch.com as per the report The technical enzymes market is fueled by the growing industrialization, increasing environmental concerns, and focus on cost reduction and resource optimization which has led to a large-scale adoption of technical enzymes for various applications. The market for technical enzymes is projected to reach USD 1.27 Billion by 2021. The details for this report can be viewed at http://www.rnrmarketresearch.com/technical-enzymes-market-by-type-cellulases-amylases-proteases-lipases-other-enzymes-application-bioethanol-paper-pulp-textile-leather-starch-processing-other-applications-by-region-global-fore-ts-to-2021-market-report.html
Industrial Enzymes Market by Type (Carbohydrases, Proteases, Non-starch Polysaccharides & Others), Application (Food & Beverage, Cleaning Agents, Animal Feed & Others), Brands & by Region - Global Trends and Forecasts to 2020. Is now available at RnRmarketresearch.com as per the report The increase in demand of consumer goods and increase in the number of applications of industrial enzymes, investments in the research & developments of industrial enzymes and the need of cost reduction and resource optimization in the production process are driving the global industrial enzymes market. The Global Industrial Enzymes market is projected to grow at a CAGR of 7.0% to 2020. The details for this report can be viewed at http://www.rnrmarketresearch.com/industrial-enzymes-market-by-types-carbohydrase-protease-lipase-applications-food-beverages-cleaning-agents-bio-fuel-animal-feed-geography-global-trends-forecasts-to-2018-market-report.html