Protein Hydrolysis Enzymes Market by Sources: Global Trends & Forecasts to 2019
Global protease enzymes market forecast to expand by 5.3% CAGR during 2014 to 2019
The global protease enzymes market revenue is estimated to be valued at $2,767 million by 2019. The enzymes which are very specific to protein hydrolysis are protease enzymes and they are classified under the "hydrolases group". Protease enzymes refer to a group of enzymes whose catalytic function is to hydrolyze (breakdown) proteins. These enzymes represent one of the three largest groups of industrial enzymes; others being amylases and lipases. Protease enzymes mainly find their applications in detergents, food, pharmaceuticals, and bioremediation processes. The worldwide requirement of enzymes for individual applications varies considerably. Technical enzymes for detergent, paper & pulp, and textile manufacturing have the largest segment with approximately 52% market share with the largest share of the enzymes market held by alkaline proteases. The global protease enzymes market is growing at a CAGR of 5.3% from 2014 to 2019.
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.
The global protease enzymes market is forecast to be worth US$2,767 Million by 2019. The global protease enzymes market is estimated to grow at a healthy CAGR of 5.3% over the next few years. Proteases are a single class of enzymes which occupy a pivotal position with respect to their applications in both physiological and commercial fields. Protease enzymes are used in a large variety of applications, mainly in the detergent and pharmaceutical industries followed by the food industry. In view of the recent trend of developing environmentally friendly technologies, proteases are envisaged to have extensive applications in leather treatment and in several bioremediation processes. The worldwide requirement of enzymes for individual applications varies considerably.
Proteases that are used in the food and detergent industries are prepared in bulk quantities and used as crude preparations, whereas those that are used in the pharmaceutical industry are produced in small amounts but require extensive purification before they can be used. Technical enzymes for detergent, paper & pulp, and textile manufacturing have the largest segment with approximately 52% market share with the largest share of the enzymes market held by alkaline proteases.
The global protease enzymes market is growing at a CAGR of 5.3% from 2014 to 2019, out of which the detergent and cleaning industry accounts for the major share and it is growing at a CAGR of 5.6%. Few regions like North America and Western Europe have almost reached the maturity with regard to the protease enzymes detergent market due to which the trend in usage of the proteases is shifting towards pharmaceutical industries in these regions.
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.
Western Europe and the U.S. have almost reached maturity with regard to the protease enzymes detergent market and the trend is shifting towards the consumption of protease enzymes in the pharmaceutical industry. On the other hand, Asia-Pacific and Rest of the World (ROW) regions, which are still developing and modernizing the laundry industry protease enzymes, are growing at a healthy CAGR in these countries. China shares the majority of market share of Asia-Pacific's protease enzymes market.
The global protease enzymes market is driven by factors such as replacement of chemicals and additives, more demand for environment-friendly ingredients, less production cost, high yield, less time taken for production, and the growing industrial need in developing countries. Growing number of new protease products for different applications and innovative technological platforms provide high growth opportunities to this market.
|
楼主: 雨湖
[复制链接]
发表于 2014-12-19 10:05:56
楼主