Proteases Market Share, Trends, Analysis and Forecasts
Proteases
refer to enzymes that are used extensively in the food & beverage industry.
They help to break-down the peptide bonds present in proteins. Market Research
Future (MRFR) has recently published an in-depth report on the global proteases
market share with a thorough analysis of the pertinent trends and factors that
are likely to impact the market growth over the forecast period of 2022-2030.
MRFR has projected a CAGR of 5.9% over the forecast period.
Growing
demand for meat, dairy, and bakery products have propelled the growth of the
proteases market. Proteases are used as an active ingredient in the production
of these products. They help to add nutritional value to products and enhance
the flavor of products. The use of proteases is directed towards targeted
effects such as shelf life extension, dough enhancement, protein modification,
and others. They are also added to increase strength, enhance extensibility,
add volume, and others. In the bakery industry, proteases are used as dough
relaxers to reduce mix times, reduce the ‘snapback’ in shaped/stretched doughs,
and increase pan flow. Fast track urbanization, hectic lifestyle, and rise in
disposable income have increased the demand for convenience food products,
which is a key factor driving the market growth.
Eco-friendly,
non-toxic, and non-pathogenic characteristics of proteases act as an advantage
for market growth. Proteases are available in different forms and in natural
variants such as papain which has garnered huge success for the market. Growing
health consciousness among consumers regarding the consumption of chemical
enzymes have increased the demand for natural proteases.
Conversely,
market growth might be hindered by stringent regulations that prohibit the use
of proteases.
What are the intended audience of the proteases market?
The
intended audience of the market is proteases manufacturers, the food and
beverages industry, raw material suppliers, animal feed suppliers, traders,
importers, and exporters.
Competitive Landscape
Chr.
Hansen Holding A/S (Denmark), Dyadic International, Inc. (U.S.), Specialty
Enzymes & Biotechnologies Co. (U.S.), Koninklijke DSM N.V. (the
Netherlands), E. I. du Pont de Nemours and Company (U.S.), Associated British
Foods Plc (U.K), Novozymes A/S (Denmark), Advanced Enzyme Technologies Limited
(India), Amano Enzyme Inc. (Japan), and Biocatalysts Limited (U.K) are the key
layers in the proteases
market share.
Segmentation
The
global proteases market has been segmented based on type, form, and
application.
By
type, the market has been segmented into trypsin, renin, pepsin, bromelain,
papain, alkaline protease, and others. The renin segment is leading the market
while the alkaline protease segment is the second-largest market on account of
rising use in the food & beverage, meat, and dairy products.
By
form, the market has been segmented into liquid, powder, and others. The powder
segment accounts for the largest share of the market due to the heightened use
of food products to improve the shelf life of the products.
By
application, the proteases market has been segmented into bakery &
confectionery, beverages, sweet & savory snacks, dairy & frozen
desserts, animal feed, and others. The bakery & confectionery segment
accounts for the most significant share of the market.
Access Complete Report @ https://www.marketresearchfuture.com/reports/proteases-market-5283
Regional Analysis
Region-wise,
the global proteases market has been segmented into North America, Rest-of-the-World
(RoW), Europe, and Asia Pacific (APAC).
North
America is the largest market for proteases. Escalated demand for dairy and
meat products in the region, especially in the US has spurred the demand for
proteases. The presence of major key players in the region also supports the
growth of the market. The region witnesses a large number of new product
launches which has helped the market grow.
Europe
is the second-largest market for proteases. Increasing demand for cheese, meat
products, and beverages in the region are driving the growth of the market.
Europe has an established bakery industry and witnesses continuous demand from
the consumers, which leads to aggravated demand for proteases.
APAC
is anticipated to be the fastest-growing market for proteases. Rising
disposable income of consumers has increased the sales of bakery,
confectionery, meat, dairy, and other products which have reflected favorably
on the growth of the proteases market.
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