Global Protease Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Protease Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Source (Animal, (Trypsin, Pepsin, Renin, and Other Animal Sources), Plant, (Papain, Bromelain, and Other Plant Sources (Keratinases and Ficin)), and Microbial, (Alkaline Protease, Acid Protease, and Neutral Protease), Application (Food and Beverage, (Dairy, Bakery, Beverages, Meat and Poultry, and Infant Formula), Pharmaceuticals, Animal Feed, and Other Applications), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Protease Market was valued at USD 3,683.7 million in 2023 and is expected to reach USD 5,915.7 million by 2031 while growing at a CAGR of 6.1% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global protease market growth. Proteases, also called proteinases, catalyze protein breakdown into peptides or amino acids. Essential in digestion and cellular processes, they are classified into categories like serine, cysteine, aspartic, and metalloproteases based on catalytic mechanisms.
Increasing research in enzyme engineering and biotechnology, coupled with growing demand in the food and beverage industry, drives the protease market's growth. However, obstacles such as high production costs and strict regulatory frameworks may impede market expansion.
Furthermore, the global protease industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Source Analysis
The Global Protease Market is segmented among Animal, Plant, Microbial, based on Source. In 2023, Microbial accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Application Analysis
The Global Protease Market is segmented among Food and Beverage, Pharmaceuticals, Animal Feed, and Other Applications, based on Application. In 2023, Food and Beverage accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Protease Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Novus International Inc., International Flavors & Fragrances Inc., Koninklijke DSM NV, Biocatalyst Ltd, Novozymes A/S, Advanced Enzyme Technologies, Associated British Foods plc, Bioseutica BV, BASF SE, and Kemin Industries Inc.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Protease Market Dynamics
Drivers
Restraints
Opportunity
4. Global Protease Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Protease Market Segmentation, By Source
Global Protease Market Share Analysis, By Source
Global Protease Market Growth Analysis, By Source
Global Protease Market Trends, By Source
o Animal
Ø Trypsin
Ø Pepsin
Ø Renin
Ø Other Animal Sources
o Plant
Ø Papain
Ø Bromelain
Ø Other Plant Sources (Keratinases and Ficin)
o Microbial
Ø Alkaline Protease
Ø Acid Protease
Ø Neutral Protease
6. Global Protease Market Segmentation, By Application
Global Protease Market Share Analysis, By Application
Global Protease Market Growth Analysis, By Application
Global Protease Market Trends, By Application
o Food and Beverage
Ø Dairy
Ø Bakery
Ø Beverages
Ø Meat and Poultry
Ø Infant Formula
o Pharmaceuticals
o Animal Feed
o Other Applications
7. Global Protease Market Segmentation, By Region
Global Protease Market Share Analysis, By Region
Global Protease Market Growth Analysis, By Region
Global Protease Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Novus International Inc*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
International Flavors & Fragrances Inc.
Koninklijke DSM NV
Biocatalyst Ltd
Novozymes A/S
Advanced Enzyme Technologies
Associated British Foods plc
Bioseutica BV
BASF SE
Kemin Industries Inc
*Similar analysis will be provided for each company listed above.
