Proteases Market Size - Global Industry Growth and Forecast – 2027
The
increasing demand of bakery, dairy, and meat products from the food and
beverage industry which includes products such as bread, meat, snacks, yogurt,
juices, and many others has surged the demand of proteases at a global level.
Proteases are an important ingredient used in most of the food & beverage
products. Availability of proteases in various forms has influenced the demand
for proteases in various food preparations. Proteases are majorly used to
convert the raw material into the main product, or used as additives to alter
the functional characteristics of the product. Increasing demand for
convenience food is one of the major factors contributing to the growth of the
global Proteases Market Size.
Key
Players
The major
players in the Proteases Market Size
Associated
British Foods Plc (U.K)
I. du Pont
de Nemours and Company (U.S.)
Novozymes
A/S (Denmark)
Koninklijke
DSM N.V. (the Netherlands)
Hansen
Holding A/S (Denmark)
Amano
Enzyme Inc. (Japan)
Dyadic
International, Inc. (U.S.)
Advanced
Enzyme Technologies Limited (India)
Specialty
Enzymes & Biotechnologies Co. (U.S.)
Biocatalysts
Limited (U.K)
The global
Proteases Market Size is segmented into type, form, and application.
On the
basis of the type, it is
segmented into trypsin, renin, pepsin, bromelain, papain, alkaline protease,
and others. Among all, the renin segment is dominating the market.
On the
basis of the form, it is
segmented into liquid, powder, and others. Among all, the powder segment holds
the major market share.
On the
basis of the application, it is segmented into bakery & confectionery, beverages, sweet
& savory snacks, dairy & frozen desserts, animal feed, and others.
Among all, the bakery & confectionery segment is dominating the market.
Regional
Analysis
The global
Proteases Market Size is segmented into North America,
Europe, Asia Pacific, and rest of the world (RoW). The North American region is
dominating the Proteases Market Size followed by Europe. Increased demand for
bakery, juices, and dairy products in the developed countries of these regions
has uplifted the Proteases Market Size. The U.S., Germany, and the Netherlands
are the major importers of proteases. Additionally, the major key players are
actively involved in the research & developments of the product for
enhanced functionality & a wide range of product applicability.
Moreover,
increasing demand for beverages and dairy products is also supporting the
growth of Proteases Market Size in the Asia Pacific region including countries
such as India and China.
NOTE: Our Team
of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
Details.
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