Proteases Market Share Leaders, Industry Analysis, Size Forecast 2023

The increasing demand of bakery, dairy, and meat products from the food and beverage industry which includes products such as bread, meat, snacks, yogurt, juices, and many others has surged the demand of proteases at a global level. Proteases are an important ingredient used in most of the food & beverage products. Availability of proteases in various forms has influenced the demand for proteases in various food preparations. Proteases are majorly used to convert the raw material into the main product or used as additives to alter the functional characteristics of the product. Increasing demand for convenience food is one of the major factors contributing to the growth of the global proteases market.

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Global Key Players and Competition Analysis

The major players in the proteases market

• Associated British Foods Plc (U.K)
• du Pont de Nemours and Company (U.S.)
• Novozymes A/S (Denmark)
• Koninklijke DSM N.V. (the Netherlands)
• Hansen Holding A/S (Denmark)

Segmentation Analysis

The Global Proteases Market is segmented into type, form, and application.

Based on the type, it is segmented into trypsin, renin, pepsin, bromelain, papain, alkaline protease, and others. Among all, the renin segment is dominating the market.

Based on the form, it is segmented into liquid, powder, and others. Among all, the powder segment holds the major market share.

On the basis of the application, it is segmented into bakery & confectionery, beverages, sweet & savory snacks, dairy & frozen desserts, animal feed, and others. Among all, the bakery & confectionery segment is dominating the market.

Regional Analysis

The Global Proteases Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American region is dominating the proteases market followed by Europe. Increased demand for bakery, juices, and dairy products in the developed countries of these regions has uplifted the proteases market.

The U.S., Germany, and the Netherlands are the major importers of proteases. Additionally, the major key players are actively involved in the research & developments of the product for enhanced functionality & a wide range of product applicability.

Moreover, increasing demand for beverages and dairy products is also supporting the growth of proteases market in the Asia Pacific region including countries such as India and China.

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