Proteases Market Size (2024 - 2029)

Proteases Market Analysis

The Proteases Market size is estimated at USD 3.52 billion in 2024, and is expected to reach USD 4.74 billion by 2029, growing at a CAGR of 6.10% during the forecast period (2024-2029).

The global processed food industry is experiencing significant growth, driven by changing consumer 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 that are of microbial origin offer higher yield, lower time consumption, and cost-effectiveness, which have made them suitable for biotechnological applications in the market.

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, detergent, and pharmaceutical industries. 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 good (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.

Proteases are used in the animal feed industry to improve the nutritional content and digestibility of feed, which promotes better animal growth and general health. Proteases facilitate the easier absorption of complex proteins in the digestive tracts of animals like pigs, poultry, and aquaculture species by breaking them down into simpler peptides and amino acids. In addition to improving the effectiveness of nutrient utilization, this enzymatic action also lessens the anti-nutritional elements that may impede absorption and digestion. Furthermore, by reducing the need for high-protein feed ingredients, proteases can reduce feed costs and the environmental impact of animal production by reducing nitrogen excretion. According to the Bundesanstalt für Landwirtschaft und Ernährung, approximately 1.53 million tons of dressed-weight poultry were produced across Germany in 2023. The expansion of the animal husbandry industry and rising demand for animal feed offer ample opportunities for the protease market worldwide.

Proteases Industry Segmentation

Protease is an enzyme that catalyzes the hydrolysis of peptide bonds present in proteins and has many functions, including industrial and medical purposes, like extracting gums, processing food, and treating inflammation. The protease market is segmented by source, application, and geography. By source, the market is segmented into animal (which is further segmented into trypsin, pepsin, renin, and other animal sources), plant (which is further segmented into papain, bromelain, and other plant sources), and microbial, which is further segmented into alkaline protease, acid protease, and neutral protease. By application, the market is segmented into food and beverage (which is further segmented into dairy, bakery, beverages, meat and poultry, and infant formula), pharmaceuticals, animal feed, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The market sizing has been done in value terms (USD) for all the abovementioned segments.