North America Protease Market Size, Share & Industry Trends Analysis Report By Application (Soap & Detergents, Food & Beverages, Animal Feed, Pharmaceuticals), By Source (Microbes, Animals, and Plants), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Protease Market would witness market growth of 4.7% CAGR during the forecast period (2022-2028).
Protease's ability to remove stains has also considerably increased the manufacture of laundry detergents around the world. Protease enzymes are increasingly in demand in the food and beverage sector for enhancing flavor, and texture, and extending the shelf life of foods & beverages as a result of their therapeutic and nutritional benefits. Thus, the increased use of protease fuels the expansion of the worldwide protease market.
The preparation of leather and wool also makes extensive use of protease enzymes. Chemically treating leather causes the release of dangerous fumes and an offensive odor that can be fatal. Environmentally appropriate alternatives to the chemicals used in leather manufacturing are protease enzymes. Additionally, increased use of protease in the photography industry, silk degumming, and industrial waste management is anticipated to fuel market expansion throughout the projection period.
Consumption of essential nutrients like proteases, which are crucial for human metabolism and digestion, has risen as a result of growing public awareness of health and food safety issues. Demand for natural as well as healthful foods has increased as the clean label movement gains ground in the food sector. Protease is now being used more frequently as a result of this. Concerns over the softness and quality of the meat that customers eat are common.
The need to produce more diverse kinds of food will put additional strain on the world's resources due to reasons including the expanding population and shifting socio-demographics. Particularly higher demand for animal-based protease is anticipated to have a detrimental effect on the environment, producing greenhouse gas emissions and demanding more water and land. Major changes in population-level food habits are being brought about by economic growth and greater urbanization, in several nations such as Canada, and the United States.
The US market dominated the North America Protease Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,246.2 Million by 2028. The Canada market is poised to grow at a CAGR of 7.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.2% during (2022 - 2028).
Based on Application, the market is segmented into Soap & Detergents, Food & Beverages, Animal Feed, Pharmaceuticals, and Others. Based on Source, the market is segmented into Microbes, Animals, and Plants. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Protease Market is Estimated to reach $5 Billion by 2028, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Advanced Enzyme Technologies Limited, Amano Enzyme, Inc., Associated British Foods PLC, BASF SE, Dupont De Nemours, Inc., Koninklijke DSM N.V., Novozymes A/S, Chr. Hansen Holding A/S, Biocatalysts Limited (Brain AG), and Dyadic International, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Soap & Detergents
- Food & Beverages
- Animal Feed
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Advanced Enzyme Technologies Limited
- Amano Enzyme, Inc.
- Associated British Foods PLC
- BASF SE
- Dupont De Nemours, Inc.
- Koninklijke DSM N.V.
- Novozymes A/S
- Chr. Hansen Holding A/S
- Biocatalysts Limited (Brain AG)
- Dyadic International, Inc.
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