Protease Market Understanding the Key Product Segments and their Future 2016-2026
VALLEY COTTAGE, N.Y. – Protease are the enzymes which is having a vital importance because of its extensive applications in both physiological and commercial market fields. Protease enzymes are used in many variety of applications, largely in pharmaceutical and detergent industries followed by food industry. In view of the current developing environment friendly technologies protease enzymes are anticipated to have widespread application in leather treatment and several bio mediation processes. There is a considerable variance in the worldwide requirement of enzymes according to individual application.
Microorganisms are the largest sources of the enzymes, with the help of established method of fermentation they can be cultured in large quantities in a short period of time. Microbial proteases hold the first position out of the three sources viz. animal, plants and microbial. Method of obtaining protease enzyme from plants is very time consuming and the yield is very low also it depends upon various factors such as availability of land for cultivation and suitability of climatic conditions.
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Protease Enzymes Market: Segmentation
Based on the application, the Protease Enzymes market is segmented into:
- Food & beverages
- Livestock feed
- Soaps & detergent
- Others (textile & leather, waste management, chemical industries, silver recovery, photography, biofuel)
Based on the Method of production, the Protease enzymes market is segmented into:
Based on the Formulation, the Protease enzymes market is segmented into:
- Liquid formulation
- Lyophilized powder
- Others (granular and gel)
Based on the Product, the Protease enzymes market is segmented into:
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Protease enzyme used in pharmaceutical industries needs extensive purification before they are used and they are manufactured in small amounts, whereas the protease enzyme used in detergent and food industries are manufactured in bulk quantities. The use of protease enzyme replace the use of chemicals that are used in detergents. More than half of the market share is contributed by the technical enzymes for detergents, textile and paper & pulp manufacturing. The global protease enzyme market is expected to grow with a single digit CAGR during the forecasted period.
In terms of geography, the Protease enzymes market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.The Protease enzymes market is expected to register healthy CAGR during the forecast period. With wide application of cleaning and detergent industry North America has become a leader in the global protease enzyme market. North America region is at maturity level, Canada is expected to show healthy growth rate. In European region Germany is on the lead for protease enzyme market. The market in Asia-Pacific region is expected to grow at highest CAGR over the forecast period. Countries like China and India are major markets for protease enzyme as detergents and cleaning industries is developing and modernizing in these countries and are likely to provide abundant opportunities for the growth of the protease enzymes market.
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Some of the key players in the protease enzymes market are ovozymes A/S, Chr. Hansen Holdings A/S, E.I. du Pont de Nemours and Company, Associated British Foods plc, Koninklijke DSM N.V. etc.
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