Proteases Market (Microbial, Animal, Plant) to Hit 6% CAGR to 2021 Led by Pharmaceuticals Sector

Jun 16, 2016, 22:00 ET from Market Reports Hub

PUNE, India, June 17, 2016 /PRNewswire/ --

The proteases market has grown rapidly in the last few years and is projected to reach a value of USD 2.21 billion in 2021 at a CAGR of 6% from 2016 to 2021 propelled by the pharmaceuticals segment which is the fastest growing application in the proteases market.

Complete report on proteases market spread across 152 pages, profiling 10 companies and supported with 70 tables and 58 figures is now available at .

This report analyzes the proteases market, in terms of source, application and methods of production, formulation, product and region. The primary factors driving the global success of proteases are the increasing demand of proteases in diverse industries including food & beverages, livestock feed, soaps & detergent, pharmaceuticals, other industries due to the advancements in technology, economic efficiency, and ecological benefits.

On the basis of application, the proteases market is segmented into food & beverages, livestock feed, soaps & detergent, pharmaceuticals, others (textile & leather, waste management, chemical industries, silver recovery, photography, and biofuel). Among all the applications of proteases, the pharmaceutical segment is projected to be the fastest-growing application from 2016 to 2021. The growing incidence of diseases and increasing consumer awareness on disease prevention and treatment measures are the driving factors for the pharmaceutical segment.

North America dominated the global proteases market in 2015. The Asia-Pacific region is projected to be the fastest-growing market from 2016 to 2021. The markets are growing in China and India due to the increasing disposable income of the people, growing urban population, abundance of human capital along with government support to promote the growth of biotechnology, and ease of doing business in developing countries, making way for profitable returns.

Leading players in the proteases market are Chr. Hansen Holdings A/S (Denmark), E.I. duPont de Nemours and Company (U.S.), Associated British Foods plc (U.K.), Koninklijke DSM N.V. (The Netherlands), and Novozymes A/S (Denmark). Other players include Dyadic International Incorporated (U.S.), Advanced Enzyme Technologies Ltd. (India), Biocatalysts Limited (U.K.), Amano Enzyme Inc. (Japan), and Specialty Enzymes and Biotechnologies (U.S.). Order a copy of Proteases Market by Source (Microbial, Animal, Plant), Formulation (Liquid, Lyophilized Powder), Product (Renin, Papain, Alkaline), Application (Food & Beverages, Feed, Soaps & Detergents, Pharmaceutical), & by Region - Global Forecast to 2021 research report at .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (50%), Tier 2 (20%) and Tier 3 (30%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C Level (28%), Director Level Executives (22%) and others (50%) from various key organizations operating in the global proteases market. The primary interviews were conducted worldwide covering regions such as North America (40%), Europe (30%), APAC (21%) and Row (9%).

On a related note, another research on Technical Enzymes Market Global Forecasts to 2021 says, the market is projected to reach a value of USD 1.27 billion in 2021, at a CAGR of 3.4% from 2016 to 2021. Bioethanol is the fastest-growing application in the technical enzymes market. China and India is the future of the technical enzymes industry. This report analyzes the technical enzymes market, in terms of type, application, and region. Companies like BASF SE, E.I. duPont de Nemours and Company, Associated British Foods Plc, Koninklijke DSM N.V., Novozymes A/S have been profiled in this 162 pages research report available at .

Explore more reports on Food & Beverage market at .

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