PRESS RELEASE
Published August 19, 2023
Proteases are essential for the survival of all kinds of life on Earth, including prokaryotes, fungi, plants, and mammals. However, because microbial proteolytic enzymes have nearly all of the required features for biotechnological applications, they are preferred over plant and animal proteolytic enzymes. As a result, microbial proteases are one of the most important subgroups of commercial enzymes, accounting for more than 60% of all industrial enzyme sales worldwide.
The worldwide market for industrial enzymes is growing year after year, and it accounts for the largest product category in global industrial enzymes sales in industries such as detergent, food, pharmaceutical, leather, diagnostics, waste management, and silver recovery.
Market Growth:
During digestion, protease catalyzes hydrolytic reactions of lengthy peptide bonds. It has several uses in various sectors due to its catalytic activity. Protease enzyme is employed in a wide range of applications, the most common of which are in the pharmaceutical and detergent sectors, followed by the food business. Given the current state of environmentally friendly technology development, the protease enzyme has extensive uses in leather treatment and various bio-mediation processes.
Because plant and animal proteases are unable to meet the demands of the modern world, there is increased interest in microbial proteases. Microorganisms produce a large number of enzymes due to their wide metabolic variability and genetic susceptibility. As a result, proteases derived from microbial sources are preferred over those derived from plant and animal sources.
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Competitive Landscape:
Novozymes is one of the leading players in the enzyme industry, including the protease enzyme segment. They have a strong global presence and offer a wide range of enzyme solutions for different industries. Their extensive research and development efforts, coupled with strategic partnerships, have contributed to their dominance in the market.
DuPont, now part of DowDuPont, is another significant player in the protease enzyme market. They offer a variety of enzyme solutions for different applications, including food processing and detergent formulations. Their well-established brand and extensive research capabilities contribute to their competitive position.
DSM is a global science-based company that offers enzymes, including proteases, for various applications. Their focus on sustainability and innovation has helped them maintain a competitive edge in the market. They cater to industries like food, feed, and bio-based materials.
Regional Analysis:
Because of the growing pharmaceutical and detergent industries in North America, this enzyme is mostly extracted and processed there. It is widely used in the chemical industry in Europe for the manufacture of cleaning solutions.
It is increasingly being employed in food processing businesses throughout Asia Pacific. The enzyme is used in medicines in Latin America. However, due to deteriorating economic situations in the Middle East, it is rarely utilized. Because to rising demand and distribution, the worldwide protease market is predicted to expand throughout the forecast period.
Key Segments of Industry:
- By Product :
- Animal
- Trypsin
- Renin
- Pepsin
- Others
- Plant
- Microbial
- Alkaline
- Acid stable
- Neutral
- Others
- Animal
- By Application :
- Food
- Feed
- Chemical
- Leather
- Textile
- Pharmaceuticals
- Cosmetics & Personal care
- Others
- By Source :
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