The global protease market is expected to witness a significant demand during the forecast period, owing to rise in applications in the pharmaceutical industry for its therapeutic benefits such as anticancer, antimicrobial, and anti-inflammation. Proteases are used in production of various drugs for treatment of digestive disorders, cardiovascular diseases, and chronic pains. Furthermore, stain removal property of protease has significantly led to rise in adoption in production of laundry detergents across the globe. Therapeutics and nutritional benefits of protease enzymes has resulted in rise in demand for protease in the foods and beverages industry for adding flavor, texture, and extension of shelf life of foods and beverages. Thus, surge in use of protease drives the global protease market growth.
The global protease market size was valued at $3,454.3 million in 2020, and is projected to reach $5,762.7 million by 2030, registering a CAGR of 5.4%, from 2021 to 2030.
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The use of nanotechnology for synthesis of active pharmaceutical ingredients (APIs) is one of the most recent advances in drug development. Recent trends in medicine and nanotechnology have facilitated enhancement of protease-sensitive nanomaterial systems for diagnostic, therapeutic, as well as theragnostic applications.
Demand for protease in the soap & detergents industry is high, owing to its higher use in production of laundry detergents. Furthermore, the demand for protease is growing rapidly in the pharmaceuticals industry, owing to its therapeutic benefits. Protease is also used in the food processing industry for adding texture, flavor, protein, and extending shelf life of food. Furthermore, brewing of beer, wines, and fruit juices is another factor that has led to rise in demand of protease enzymes across the globe. Growth in applications of protease enzymes across different end use verticals has led to the global protease market growth.
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According to the protease market analysis, the global protease market is segmented on the basis of source, application, and region. By source, the market is categorized into plants, animals, and microbes. On the basis of application, it is segmented into foods & beverages, pharmaceuticals, animal feed, soap & detergents, and others. Region wise, the protease market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, the UK, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Key market players operating in the protease industry are constantly involved in various developmental strategies such as new product launches, partnerships, and acquisition & mergers to gain competitive advantage over others and exploit the prevailing protease market opportunities. Key players profiled in this report include Advanced Enzyme Technologies, Amano Enzyme, Inc., Associated British Foods Plc, BASF SE, Biocatalysts Ltd., Dyadic International, Inc., E.I. Du Pont De Nemours and Company, Koninklijke DSM N.V., Novozymes A/S, and Specialty Enzymes & Probiotics.
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Key findings of the study
- The global protease market size was valued at $3,454.3 million in 2020, and is projected to reach $5,762.7 million by 2030, registering a CAGR of 5.4% from 2021 to 2030.
- By source, the microbes segment was the highest contributor to the market, with $2,161.1 million in 2020, and is estimated to reach $3,496.5 million by 2030, at a CAGR of 5.1% during the forecast period.
- By application, the soap & detergents segment was the highest contributor to the market, with $1,495.1 million in 2020, and is estimated to reach $2,358.0 million by 2030, at a CAGR of 4.8% during the forecast period.
- By region, North America was the highest revenue contributor, accounting for $1,229.0 million in 2020, and is estimated to reach $1,916.7 million by 2030, with a CAGR of 4.7%.
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