PUBLISHER: The Business Research Company | PRODUCT CODE: 1425757
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425757
Proteases Global Market Report 2024
Proteases Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on proteases market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for proteases? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The proteases market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Source: Animal; Plant; Microbial
- 2) By Form: Liquid; Powder
- 3) By Application: Food And Beverage; Healthcare; Animal Feed; Other Applications
- Companies Mentioned: Advanced Enzymes Technologies Limited; E.l. Du Pont de Nemours & Company; Amano Enzymes Inc.; Biocatalysts Limited; Koninklijke DSM NV
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Proteases encompass a diverse array of enzymes crucial for breaking down proteins. These enzymes play pivotal roles in facilitating digestion and alleviating protein-induced swelling and discomfort, aiding both bodily and skin-related processes.
The primary origins of proteases stem from animals, plants, and microbes. Animal-based proteases derive from animals and include pancreatic trypsin, chymotrypsin, pepsin, and renin. These enzymes are accessible in liquid and powder formats, finding applications across industries like food and beverage, healthcare, animal feed, among others.
The proteases market research report is one of a series of new reports from The Business Research Company that provides proteases market statistics, including proteases industry global market size, regional shares, competitors with a proteases market share, detailed proteases market segments, market trends and opportunities, and any further data you may need to thrive in the proteases industry. This proteases market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The proteases market size has grown strongly in recent years. It will grow from $3.18 billion in 2023 to $3.4 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed in the historical period can be credited to various factors, including industrial applications in food processing, enzyme replacement therapy, heightened demand within the detergent industry, extensive utilization in pharmaceutical manufacturing, a burgeoning recognition of enzyme advantages, and its application in the leather and textile sectors, alongside its role in biofuel production.
The proteases market size is expected to see strong growth in the next few years. It will grow to $4.56 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth in the upcoming forecast period can be linked to several key factors, notably the increasing traction for sustainable industrial practices, advancements in therapeutic enzyme development, the rise of personalized medicine, expanded applications in cell culture processes, growing demand for enzymes in waste management, progress in protease inhibitor research, and the adoption of novel therapeutic approaches.
Within this forecast, major trends are expected to encompass technological integration, notable advancements in enzyme engineering, a shift towards biological solutions in agriculture, the prominence of specialty enzymes, the expansion of enzyme replacement therapies, the rise of emerging markets, and an emphasis on collaborations for research and development efforts.
The proteases market's anticipated growth is attributed to an increasing demographic of health-conscious consumers seeking wellness-focused lifestyles, particularly emphasizing environmental and nutritional concerns. These consumers exhibit a strong interest in products containing proteases, aligning with digestive health and weight management goals. A survey by Public Health England in January 2021 highlighted a significant shift in consumer behavior, with a considerable majority motivated to adopt healthier lifestyles due to the COVID-19 pandemic. The rising motivation, especially among adults over 18, signifies a substantial drive towards lifestyle changes, indicating an impending surge in demand for proteases.
An upsurge in the animal feed industry is poised to drive the proteases market's expansion. Proteases, pivotal as enzymatic supplements in animal feed formulations, significantly enhance protein digestion, contributing to optimal nutrient absorption in livestock. This advancement leads to improved feed efficiency and healthier animal growth. Notably, statistics from January 2023, indicating increased feed production in various regions including Latin America, North America, and Oceania, highlight the sector's growth. The remarkable rise, particularly in pet feed production globally, underscores the pivotal role of the animal feed industry in propelling the proteases market.
Product innovation emerges as a central trend reshaping the proteases market landscape, with major industry players focusing on developing cutting-edge products for a competitive edge. For instance, the DSM-Novozymes Feed Enzymes Alliance launched ProAct 360 in September 2021, a second-generation protease tailored for the feed industry. This innovative protease promises heightened feed efficiency, sustainability, and cost-effectiveness. Its specialized attributes, including enhanced consistency and increased amino acid release, signify a substantial leap in the market, catering specifically to animal feed applications.
Major corporations leverage strategic collaborations and partnerships to consolidate their positions in the market. For instance, in January 2023, Selecta Biosciences, a US-based biotechnology company, joined forces with Astellas to advance gene therapy portfolios through the Selecta Biosciences clinic. This structured partnership aimed to license and develop an agreement for IdeXork (Xork), demonstrating the collaborative approach undertaken by businesses to strengthen their market presence and foster growth opportunities.
In May 2022, Vertex Pharmaceuticals, a biopharmaceutical firm headquartered in the United States, completed the acquisition of a set of protease medicines from Catalyst Biosciences Inc for a total of $60 million. This strategic acquisition significantly broadens Vertex's existing product portfolio, particularly in the field of protease medicines, positioning the company for future expansion and development opportunities. Catalyst Biosciences Inc., also based in the US, is a prominent biotechnology company known for its advancements in the field.
Major companies operating in the proteases market report are Advanced Enzymes Technologies Limited, E.l. Du Pont de Nemours & Company, Amano Enzymes Inc., Biocatalysts Limited, Koninklijke DSM NV, Dyadic International Incorporated, Specialty Enzymes & Biotechnologies Company, Associated British Foods Plc., BASF SE, Rossari Biotech Limited, Nagase & Company Limited, Jiangsu Boli Bioproducts Company Limited, Creative Enzymes Inc., Kemin Industries Inc., AB Enzymes GmbH, Lallemand Inc., Novozymes A/S, Chr. Hansen Holdings A/S, International Flavors & Fragrances Inc., Enzyme Development Corporation, Enzyme Solutions Inc., Enzyme Supplies Limited, Genencor International Inc., Kerry Group PLC, Lumis Biotech Pvt. Ltd., Megazyme International Ireland Ltd., Roche Diagnostics GmbH, Sandoz International GmbH, Sunson Industry Group Co. Ltd., The Soufflet Group, Thermo Fisher Scientific Inc., VTR Bio-Tech Co. Ltd.
North America was the largest region in the proteases market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the proteases market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the proteases market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The proteases market consists of sales of glutamic, metalloproteases, cysteine, serine, threonine, and aspartic proteases. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary
2. Proteases Market Characteristics
3. Proteases Market Trends And Strategies
4. Proteases Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On The Market
- 4.2. Ukraine-Russia War Impact On The Market
- 4.3. COVID-19 Impact On The Market
5. Global Proteases Market Size and Growth
- 5.1. Global Proteases Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
- 5.2. Global Proteases Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
- 5.3. Global Proteases Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Proteases Market Segmentation
- 6.1. Global Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Animal
- Plant
- Microbial
- 6.2. Global Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Liquid
- Powder
- 6.3. Global Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Food And Beverage
- Healthcare
- Animal Feed
- Other Applications
7. Proteases Market Regional And Country Analysis
- 7.1. Global Proteases Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 7.2. Global Proteases Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Proteases Market
- 8.1. Asia-Pacific Proteases Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.3. Asia-Pacific Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.4. Asia-Pacific Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Proteases Market
- 9.1. China Proteases Market Overview
- 9.2. China Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.3. China Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.4. China Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Proteases Market
- 10.1. India Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.2. India Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.3. India Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Proteases Market
- 11.1. Japan Proteases Market Overview
- 11.2. Japan Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.3. Japan Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.4. Japan Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Proteases Market
- 12.1. Australia Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.2. Australia Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.3. Australia Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Proteases Market
- 13.1. Indonesia Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.2. Indonesia Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.3. Indonesia Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Proteases Market
- 14.1. South Korea Proteases Market Overview
- 14.2. South Korea Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.3. South Korea Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.4. South Korea Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Proteases Market
- 15.1. Western Europe Proteases Market Overview
- 15.2. Western Europe Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.3. Western Europe Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.4. Western Europe Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Proteases Market
- 16.1. UK Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.2. UK Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.3. UK Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Proteases Market
- 17.1. Germany Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.2. Germany Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.3. Germany Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Proteases Market
- 18.1. France Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.2. France Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.3. France Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Proteases Market
- 19.1. Italy Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.2. Italy Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.3. Italy Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Proteases Market
- 20.1. Spain Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.2. Spain Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.3. Spain Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Proteases Market
- 21.1. Eastern Europe Proteases Market Overview
- 21.2. Eastern Europe Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.3. Eastern Europe Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.4. Eastern Europe Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Proteases Market
- 22.1. Russia Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.2. Russia Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.3. Russia Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Proteases Market
- 23.1. North America Proteases Market Overview
- 23.2. North America Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.3. North America Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.4. North America Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Proteases Market
- 24.1. USA Proteases Market Overview
- 24.2. USA Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.3. USA Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.4. USA Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Proteases Market
- 25.1. Canada Proteases Market Overview
- 25.2. Canada Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.3. Canada Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.4. Canada Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Proteases Market
- 26.1. South America Proteases Market Overview
- 26.2. South America Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.3. South America Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.4. South America Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Proteases Market
- 27.1. Brazil Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.2. Brazil Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.3. Brazil Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Proteases Market
- 28.1. Middle East Proteases Market Overview
- 28.2. Middle East Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.3. Middle East Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.4. Middle East Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Proteases Market
- 29.1. Africa Proteases Market Overview
- 29.2. Africa Proteases Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.3. Africa Proteases Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.4. Africa Proteases Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Proteases Market Competitive Landscape And Company Profiles
- 30.1. Proteases Market Competitive Landscape
- 30.2. Proteases Market Company Profiles
- 30.2.1. Advanced Enzymes Technologies Limited
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1.4. Financial Performance
- 30.2.2. E.l. Du Pont de Nemours & Company
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2.4. Financial Performance
- 30.2.3. Amano Enzymes Inc.
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3.4. Financial Performance
- 30.2.4. Biocatalysts Limited
- 30.2.4.1. Overview
- 30.2.4.2. Products and Services
- 30.2.4.3. Strategy
- 30.2.4.4. Financial Performance
- 30.2.5. Koninklijke DSM NV
- 30.2.5.1. Overview
- 30.2.5.2. Products and Services
- 30.2.5.3. Strategy
- 30.2.5.4. Financial Performance
- 30.2.1. Advanced Enzymes Technologies Limited
31. Global Proteases Market Competitive Benchmarking
32. Global Proteases Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Proteases Market
34. Proteases Market Future Outlook and Potential Analysis
- 34.1 Proteases Market In 2028 - Countries Offering Most New Opportunities
- 34.2 Proteases Market In 2028 - Segments Offering Most New Opportunities
- 34.3 Proteases Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies
35. Appendix
- 35.1. Abbreviations
- 35.2. Currencies
- 35.3. Historic And Forecast Inflation Rates
- 35.4. Research Inquiries
- 35.5. The Business Research Company
- 35.6. Copyright And Disclaimer
