Market Size of Proteases Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.54 Billion |
| Market Size (2029) | USD 4.72 Billion |
| CAGR (2024 - 2029) | 6.00 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | North America |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Protease Market Analysis
The Proteases Market size is estimated at USD 3.54 billion in 2024, and is expected to reach USD 4.72 billion by 2029, growing at a CAGR of 6% during the forecast period (2024-2029).
Proteases are a diverse group of enzymes that act as proteinases, peptidases, and amidases and have a broad range of industrial applications, particularly in the food, detergents, and pharmaceutical sectors. Research has shown that proteases constitute a significant class of industrial enzymes, accounting for approximately 60% of the enzyme market and 40% of all enzyme sales worldwide. Proteases are essential industrial enzymes that break down peptide bonds in proteins and find numerous uses in chemical and biological processes. One of the main advantages of using proteases is their ability to produce natural products, exhibit activity under mild reaction conditions, and exhibit stereospecificity, specificity, and biodegradability. Companies have introduced innovative products that reduce reaction time to enhance overall yield. Proteases are crucial in developing many fast-moving consumer goods (FMCG) products. The market's primary driver is the multiple applications of proteases in various industries. Additionally, their non-toxic and non-pathogenic attributes make them eco-friendly, further boosting the market.
Protease enzymes find use in three primary applications in the food industry: meat products, baked goods, and beverages. In meat products, proteases are used to tenderize the meat, making it softer and palatable and reducing overall processing time. The global processed food industry is experiencing significant growth, driven by changing lifestyles that demand ready-to-cook/eat products. This is expected to drive the demand for proteases during the forecast period. Additionally, microbial proteases have gained interest due to their vital role in metabolic activities and their immense utilization in industries. The proteases available in the market are of microbial origin because of their high yield, less time consumption, and cost-effectiveness, which have made them suitable for biotechnological application in the market
