Global Proteases Market Trends Estimates High Demand by 2024

Deerfield Beach, FL -- (SBWire) -- 06/22/2017 --Zion Market Research, the market research group announced the analysis report titled 'Proteases Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016 – 2024

Global Proteases Market: Overview

A protease is also known as proteinase or peptidase, it is an enzyme, which undergoes protein catabolism by hydrolysis of peptide bonds. Various classes of the protease undergo the same reaction by completely different catalytic mechanisms. It can be found in viruses, animals, archaea, plantae, bacteria, and fungi. Different types of proteases are available which include clostripain, ficain, papain, asclepian, and others. Diverse mechanisms of proteases consist of metalloproteases, serine proteases, glutamic acid proteases, cysteine proteases, and others. In order to enhance their performance proteases from bacterial or, fungal sources are genetically modified by deleting or transferring genes. The result of the genetically engineered proteases has modified pH, enhanced catalytic activities, temperature levels, and stability. Protease is also used in various applications such as rubber, contact lens cleaners, biofuels, molecular biology, paper, biological detergents, and photography.

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Global Proteases Market: Growth Factors

Proteases are broadly used in the food applications such as bakery, it is added to improve gluten development and is also used in the dairy wherein it assists in milk coagulation; these are the factors that will drive the global proteases market. Other food applications include yeast hydrolysis, animal protein processing, and seafood processing. The high demand for proteases for cleaning formulation from detergent industries is anticipated to boost the global proteases market growth. Protease plays a key role in food and pharmaceutical applications. Protease enzymes are assorted ingredients, which are used in the many FMCG products, it also helps to reduce manufacturing costs and improve digestibility of food product. It is non-pathogenic, non-toxic, and eco-friendly in nature that adds to the benefits of the proteases thus driving its demand.

Global Proteases Market: Segmentation

The global proteases market is categorized based on the end-user, application, organism source, and active pH range. The market is fragmented on the basis of end-user as industrial, food, pharmaceutical, detergent, and others. The application segment is classified into industrial applications, contact lens cleaning formulations, pharmacology & drug manufacture, digestive supplements, waste treatment, hard surface cleaning formulations, and animal feeds additives. Based on organism source the proteases market is divided into the animal source, fungal, plant source, and bacterial. On the basis of active pH range, the market is segregated into neutral proteases, acid proteases, high alkaline proteases, and alkaline proteases.

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Global Proteases Market: Regional Analysis

North America and Europe accounted for the largest market share in the global proteases market. The major consumer of the proteases is the pharmaceutical and detergent industries in this region. Asia-Pacific emerges as the largest market for proteases where it is heavily used in the food and pharmaceutical industries. Others developing countries in the Asia-Pacific region such as Vietnam, China, Taiwan, and Japan anticipate to open up new growth opportunities. Latin America and the Middle East & Africa regions are expected to grow at a slower rate due to economic conditions.

Global Proteases Market: Competitive Players

Major market players that are involved in the global proteases market are Novozymes, Noor Enzymes Pvt. Ltd., DuPont, Chr. Hansen Holding A/S, Associated British Foods Plc, and DSM N.V.

Regional Segment Analysis: North America(US), Europe(Germany, France, UK), Asia Pacific(China, Japan, India)Latin America(Brazil, Middle East, Africa)

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