The amino acids are organic compounds containing amine and carboxylic groups. In proteins are these amino acids are linked by peptide bonds. Proteases are the class of enzymes which catalyzes the hydrolysis reaction of peptide bonds in proteins.
Future Market Insights' analysis predicts that over the upcoming years, the proteases market will grow at a CAGR of 4.3%. The industry is expected to increase in value from US$ 2278.5 Mn in 2022 to US$ 3471.2 Mn in 2032. The Proteases Market was worth US$ 2167.8 Mn by the end of 2021.
The amino acids are organic compounds containing amine and carboxylic groups. In proteins are these amino acids are linked by peptide bonds. Proteases are the class of enzymes which catalyzes the hydrolysis reaction of peptide bonds in proteins. There are different types of proteases which differ on their source type, some of which includes ficain, asclepian, papain, clostripain etc. The mechanisms of proteases include serine proteases, cysteine proteases, metalloproteases, glutamic acid proteases etc.
Generally, proteases from fungal and bacterial source are modified genetically by transfer of some genes or by deleting to enhance their performance. Thus, genetically engineered proteases result in enhanced catalytic activities, stability, modified pH and temperature levels. Proteases are widely used in food applications such as in dairy it helps in milk coagulation, flavor modification whereas in a bakery it enhances gluten development. Other food applications include seafood processing, animal protein processing, in yeast hydrolysis, etc.
The proteases market is primarily driven by the growth of food and detergent industries. The high demand for cleaning formulation drives the global proteases market. Besides, Protease is an important ingredient in the pharmaceutical application. This is also a factor for the growth of global proteases market.
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The global proteases market is geographically divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.North America and Europe holds maximum share in the global proteases market. The detergent, pharmaceutical industries contributes majorly in the consumption of proteases. However, in Asia Pacific proteases market is in its growth phase, where major industries include food and pharmaceutical. China, Korea, Japan, Taiwan, Vietnam are important countries for proteases market growth prospectus. Latin America and MEA are expected to grow quite slower during the forecast period due to economic conditions.
Key Players
Some of the key players identified in the global proteases market are Noor Enzymes Pvt Ltd, Novozymes, Associated British Foods plc, Chr. Hansen Holding A/S, DuPont, DSM N.V etc.
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Regional analysis includes
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and geographies.
Proteases Market
The global proteases market is segmented on the basis of source of organism, active pH range, application, and end user.
Based on the organism source, global proteases market is segmented into:
Based on the active pH range, global proteases market is segmented into:
Based on application, the global proteases market is segmented into:
Based on end user, the global proteases market is segmented into:
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Report Highlights:
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Jan 27, 2023
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