Cibi e Bevande
Protease Market to Reach $5.7 Bn, Globally, by 2030 at 5.4% CAGR: Allied Market Research
Rise in demand from foods & beverages industry, increase in preference regarding healthy and nutritional food, growth in demand from soap & detergents industry, and surge in applications in the pharmaceuticals industry drive the growth of the global protease market. However, high manufacturing cost and stringent regulatory requirements hinder the market growth. On the other hand, substitute for traditional chemicals and emerging technological platforms present new opportunities in the coming years.
Based on source, the microbes segment held the highest market share in 2020, accounting for more than three-fifths of the global protease market, and is estimated to maintain its leadership status throughout the forecast period. Huge demand for microbial proteases across various commercial and industrial applications such as foods & beverages, pharmaceuticals, textile, leather, and feed propels the microbes segment. Moreover, the plants segment is projected to manifest the highest CAGR of 6.7% from 2021 to 2030, owing to growth in applications of various types of plant proteases in the pharmaceutical industry.
Based on application, the soap & detergents segment accounted for the largest share in 2020, contributing to more than two-fifths of the global protease market, and is projected to maintain its lead position during the forecast period. Stain removal properties of protease enzymes has led to extensive demand for protease in the soaps and detergents industry. However, the pharmaceuticals segment is expected to portray the largest CAGR of 6.9% from 2021 to 2030. Rise in prevalence of various diseases and growth in adoption of proteases in development of drugs is expected to propel growth of the pharmaceuticals segment.
Based on region, North America , held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global protease market. Increase in adoption of industrial protease enzymes in production of laundry detergents and in industrial waste management, leather processing, and pharmaceuticals has led to growth of the protease market in North America . Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 6.5% during the forecast period, owing to presence of huge consumer base and rise in demand for numerous products that involves use of protease in production.
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