DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Proteases Market - Growth, Trends and Forecasts (2017 - 2022)" report to their offering.
The global market for proteases is expected to uphold a CAGR of 6.4% during the forecast period of 2017 to 2022. It is estimated to be worth around USD 3.29 billion by 2022.
The primary factors that drive the global market for proteases are its wide use in the food industry. Protease enzymes are diverse ingredients. It helps in reducing the manufacturing costs of food products and also to improve the digestibility of some foods, they are critical for the development of many of today's FMCG products. The main reason for the growth of this market is the multiple uses of proteases in diverse industries. Its eco-friendly nature due to its non-toxic and non-pathogenic attributes is an added advantage that leads to a surge in the market. Presence of stringent regulations has pull down the proteases market to an extent. Growing product demand in various applications including paper, biofuels, rubber, photography, biological detergents, contact lens cleaners and molecular biology will promote industry expansion over the next eight years.
Accounting for around 60% of the entire enzyme market, proteases are aptly considered as the most important part of industrial enzymes. North America leads the global proteases market, followed by Europe. Owing to the developed industries in these regions. Asia-Pacific is the fastest-growing region due to the economic and operational benefits of proteases. They are presenting an untapped potential for the growth of protease enzymes in the food, detergent, as well as, pharmaceutical industries.
- Advanced Enzyme Technologies Ltd.
- Amano Enzyme Inc.
- Associated British Foods PLC
- Biocatalysts Limited
- Chr. Hansen Holdings A/S
Key Topics Covered:
2. Research Approach and Methodology
3. Market Overview
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/dm5c8j/global_proteases