Global Protease Market is Predicted to Reach USD 5 Billion By 2028 Registering a CAGR of 6% | Infinium Global Research

 By- Infinium Global Research

A comprehensive report by Infinium Global Research delves deep into the global and regional protease market, offering detailed analysis of its segments and sub-segments. The study goes beyond market size and value, examining the forces driving and hindering growth, as well as broader economic factors influencing the market's short- and long-term trajectory. This report provides a valuable resource for understanding current trends, future projections, and the overall financial landscape of the global protease market. The Global Protease Market was valued at over 3.5 USD Billion in 2022 and is expected to reach about USD 5.0 Billion in 2028, with a CAGR of about 6.0% during the forecast period of 2022-2028.

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The global protease market is expected to experience significant growth due to its diverse applications across various industries. In the pharmaceutical sector, proteases offer therapeutic benefits for treating digestive disorders, cardiovascular diseases, and chronic pain. Additionally, their antimicrobial and anti-inflammatory properties contribute to their use in drug development.

Furthermore, the stain removal properties of proteases have led to their widespread adoption in the production of laundry detergents. Their use in the food and beverage industry enhances flavor, texture, and shelf life of products. The leather and wool processing industry also utilizes proteases as eco-friendly alternatives to harsh chemicals. Moreover, applications in industrial waste management, photography, and silk degumming contribute to the market's growth potential.

Microbial sources dominate the market due to their ease of production and cost-effectiveness. The soap and detergents segment holds the largest share due to the crucial role of proteases in stain removal. Geographically, North America is expected to lead the market, driven by favorable regulations and the pharmaceutical sector's demand for new drug development. However, Eastern Europe presents significant expansion opportunities as Western European markets reach saturation.

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While the COVID-19 pandemic initially disrupted the market due to manufacturing closures and reduced demand, research suggests potential for proteases as promising drug targets for antiviral treatment. Additionally, the increasing demand for enzymes from various end-user industries is expected to contribute to the market's positive trajectory.

Market Segmentation:

The market research report delves into the global protease market, analyzing it based on two key dimensions: source and application. On the source side, the report examines three main categories: plants, animals, and microbes. On the application side, it focuses on five key areas: foods & beverages, pharmaceuticals, animal feed, soap & detergents, and other diverse uses.

Market Keyplayers:

  • Ab Enzymes
  • Specialty Enzymes & Biotechnologies Co.
  • Dyadic International, Inc.
  • Jiangsu Boli Bioproducts Co., Ltd
  • Amano Enzymes, Inc.
  • Hansen Holdings A/s
  • i. Du Pont De Nemours and Company
  • Koninklijke Dsm N.v.
  • Novozymes A/s
  • Associated British Foods plc.

 

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Infinium Global Research LLP

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Email: info@infiniumglobalresearch.com

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