Proteases Global Market Report 2024

Description

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.

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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.
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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.

Product Code: r12988

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

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