According to Future Market Insights (FMI), by 2023, the Europe protease market is projected to be worth US$ 227.4 million. From 2023 to 2033, it is expected to accelerate at a CAGR of 8.5%. Sales of protease in Europe are anticipated to soar in 2033, valued at US$ 519.0 million.
The food business has a tremendous growth potential for protease enzymes. Owing to its flavor and ability to enhance texture, protease is highly sought after in the food business.
They also aid in boosting metabolism and improving the food’s nutrient content and solubility. Food items’ functionality, coagulation, and texture are improved by protease.
One of the key factors driving the market’s rise is increasing awareness of the significance of keeping fitness and good health. The product is increasingly being used in the food & beverage business in Europe.
Food enzymes including lipase, protease, and carbohydrates have significantly advanced the European food & beverage industry. Using alkaline proteases, protein hydrolysates with a high nutritional value and distinct peptide profile have been produced. It is crucial for making meat, especially beef, more soft.
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For the benefits of enhanced oil separating and increased yield, food enzymes, particularly protease, are encouraged in seafood products. This leads to energy savings, high protein value, and nutritive value with better functioning products in order to ‘clean’ fish frames for use as a calcium source.
Emulsification and better-quality meat removal are also included. Manufacturers of protease have created a variety of fresh goods that might be incorporated into a line of beverages and snacks.
When customers turn to a healthier lifestyle, leading manufacturers with a presence in the global market must modify their business plans. The dearth of available plant and animal proteases, however, could limit the market’s expansion.
Demand for protease might be also hampered by a lack of awareness of the benefits the medication provides. Protease extraction is also a costly and time-consuming process, which restricts the market.
Key Takeaways from Europe Protease Market Study:
- Europe protease market exhibited a CAGR of 6.8% between 2018 and 2021.
- The United Kingdom protease market is estimated to cross US$ 36.1 million by 2023.
- Germany protease market is likely to exhibit a CAGR of 8.3% from 2018 to 2021.
- Based on end-use application, the baking & confectionery sector is predicted to hold around 15.6% of the Europe protease market share by 2023.
- Top 3 countries in the Europe protease market are predicted to generate a share of about 27.1% in the next ten years.
“The laundry detergent industry in Europe requires proteases. They are extensively used to make soaps and detergents owing to their stain-removing properties. As a result, the protease market in Europe is expanding considerably.” – Says a lead analyst.
Competitive Landscape: Europe Protease Market
The competitive climate in the market for proteases in Europe is significantly influenced by product offerings, operational strategies, geographic presence, and product quality. Manufacturers are doing their own research and development to differentiate their products.
Importance of connectivity has been emphasized by businesses such as Novozymes A/S, Biocatalysts, and DSM throughout their value chains. They have taken this action in order to maintain the product’s consistent quality and a regular supply of raw ingredients.
For instance,
- In June 2021, DSM-Novozymes alliance introduced ProAct 360, its latest second-generation protease. In terms of three crucial criteria, ProAct 360 establishes a new industry standard for protease technology for poultry. It includes feed effectiveness, cost effectiveness, and sustainability. This cutting-edge feed formulation offers faster action, better matrix values for essential amino acids, and more consistent gains in growth performance. ProAct 360, as its name implies, displays a 360° awareness of both the demands of poultry producers and the potential environmental difficulties that their industry might encounter.
A Few Key Players in the Europe Protease Market include:
- Rossari Biotech Limited
- Novozymes
- Kemin Industries, Inc.
- Nagase and Co. Ltd.
- Jiangsu Boli Bioproducts Co. Ltd
- Creative Enzymes
- Lallemand Inc.
- Advanced Enzymen Technologies Limited
- BASF
- AB Enzymes GmbH
- Royal DSM
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Europe Protease Market Can Be Split in-
By Product:
- Animal
- Plant
- Microbial
By Form:
- Liquid
- Powder & Granule
By End-use Application:
- Dairy Products
- Brewing
- Meat Products and Processing
- Bakery & Confectionary
- Baby Food/ Infant Food
- Oil & Fat Processing
- Starch and Grain Processing
- Fruits and Vegetable Processing
- Cheese Making/Processing
- Egg Products
- Beverages
- Dietary Supplements
- Pharmaceutical Products
- Personal Care Products
- Animal Nutrition
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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