DUBLIN, Ireland, April 29, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/xgch57/protein) has announced the addition of the "Protein Hydrolysis Enzymes Market by Sources, Applications, & Geography- Global Trends & Forecasts to 2019" report to their offering.
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The global protease enzymes industry is adopting enzymes at a rapid pace in light of the numerous advantages they present. Protease is used in the industry for its key function of hydrolysis of protein peptides into amino acids. Protease enzymes find application in diverse end-use markets, such as detergents, pharmaceuticals, food, and other industries such as textile, animal feed, chemical, and photography.
Developing countries in Asia-Pacific and Rest of the world (ROW) show a lot of untapped potential for the growth of the protease enzymes market. As the detergent and cleaning industry is modernizing and developing in these countries, the consumers are exploring new products which are convenient to use. China is the world's second-largest market for protease enzymes. The protease enzymes market in China is growing at a faster rate and accounts for one-tenth of the global market.
The three broad applications of protease enzymes include detergent, pharmaceuticals, and food. The detergent industry holds majority of the market share of the global protease enzymes market in terms of value as well as volume and it is projected to grow at a CAGR of 5.6%. Consumption of protease enzymes in pharmaceuticals and food industries is growing at CAGRs of 5.8% and 5.4% respectively with both showing a lot of untapped potential for future growth. The market is driven by factors, such as clean labeling, replacement of chemicals and additives, more demand for environment-friendly ingredients, less production cost, high yield, and less time taken in production.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Total Addressable Market
5 Premium Insights
6 Protein Hydrolysis Enzymes Market, By Source
7 Protein Hydrolysis Enzymes Market, By Application
8 Protein Hydrolysis Enzymes Market, By Geography
9 Competitive Landscape
10 Company Profile
- Ab Enzymes
- Advanced Enzymes
- Amano Enzymes
- Dyadic International, Inc.
- E.I. Dupont De Nemours & Company
- Jiangsu Boli Bioproducts Co., Ltd
- Royal Dsm
- Solvay Enzymes
- Specialty Enzymes & Biotechnologies Co.
For more information visit http://www.researchandmarkets.com/research/xgch57/protein
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets