Protease Market Outlook by Key players, Industry Overview and Analysis by 2034

 

The global protease industry is poised for significant growth, with an estimated market value of USD 2,263.8 million in 2024, and it is projected to reach USD 4,797.6 million by 2034, reflecting a compound annual growth rate (CAGR) of 8.0% over the forecast period from 2024 to 2034. Proteases, a class of enzymes that break down proteins into smaller peptides, are expected to experience rising demand due to their extensive applications across various industries.

The food sector, in particular, stands as a major growth driver, with proteases increasingly used to enhance flavor, texture, and nutritional value, while promoting digestive health. As urbanization accelerates and lifestyles become more hectic, the emphasis on gut health will likely push further protease adoption, especially in the food and beverage industry.

Among the diverse proteases, enzymes such as bromelain, ficin, actinidin, papain, and calpain are most commonly utilized in the food industry. These proteases are especially valuable in meat processing, where they improve meat tenderness by breaking down structural proteins in connective tissues. The incorporation of proteases into food products enables the creation of better-textured, more flavorful, and more nutritious food items, making them a preferred choice for food manufacturers and suppliers. Additionally, the growing demand for functional foods and health supplements further enhances the prospects of the protease market, as these enzymes are increasingly sought for their roles in digestion and metabolism support.

The growth potential for protease enzymes in food industry is massive. The massive demand for protease in the food industry is because of its flavour and its ability to enhance the texture. Apart from that, they also aid in improving the metabolism process, improving the nutritional value and solubility of the food. Protease also assists in improving the functional quality, texture, and coagulation of the food products.

Rapid urbanisation is also believed to be one of the major drivers of the market. Owing to busy lifestyle, people hardly get time to concentrate on physical exercise. This gradually leads to increase in weight, and people start developing health complications. The consumption of protease ensures that the gut health remains strong. This might increase the sales of protease during the forecast period.

From the manufacturers point of view, the production of protease is quite an affordable process. Thus, with surge in the awareness of protease, the manufacturers can easily scale up the production through resource optimisation. This would reduce the demand supply gap in the future. The application of protease in non-food sector like pharmaceutical and detergents are also expected to surge the market share

Moreover, protease is witnessing massive demand in the dairy products market. Protease is used to avoid coagulation of milk. Dairy products market represents huge scope for future growth of protease market as diary products market is valued at USD 650 billion as of 2022.

However, the market growth might be challenged owing to the lack of availability of plant and animal protease. Furthermore, lack of awareness regarding the benefits offered by protease might further challenge the market growth. Moreover, the extraction of protease is a costly and time-consuming process, which is also a constraint for the market growth.

North America is expected to be the largest market as per regional analysis. Developed sectors, coupled with large number of people suffering from stomach diseases makes North America an attractive market. Apart from that, the availability of key players in the region also makes North America a huge market. Moreover, the region has been witnessing massive demand for processed food and animal feed, which makes use of protease. Currently, North America is followed by Europe.

However, Asia Pacific is expected to be the fastest growing market during the forecast period. Rapid urbanisation, coupled with change in the consumption patterns and lifestyle are expected to be the major factors surging the market growth. Apart from that, government investments that are majorly focused on physical well-being are expected to surge the market share in the region.

“The protease market is on a solid growth trajectory, driven by advancements in food technology and the growing consumer preference for health-oriented products. As proteases become increasingly vital in food, supplements, and even pharmaceuticals, industry players must focus on enhancing product efficiency while navigating the challenges of production costs and regulatory requirements. Companies that innovate in enzyme applications and production techniques will be well-positioned to capture a significant share of this expanding market,” says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Key Takeaways:

• The protease market is set to grow from USD 2,263.8 million in 2024 to USD 4,797.6 million by 2034, with a CAGR of 8.0% during the forecast period.
• Proteases play an important role in improving food quality by enhancing flavor, texture, and nutritional content, leading to their increased use in the food and beverage industry.
• Key protease types such as bromelain, papain, ficin, actinidin, and calpain are widely used in the tenderization of meat and other food applications.
• With the growing focus on gut health and wellness, proteases are gaining traction in dietary supplements and functional foods.

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