North America Proteases Market

North America Proteases Market Size (2024 to 2029)

North America's proteases market is expected to be worth USD 0.77 billion in 2024 to achieve USD 1.03 billion by the end of 2029 and is estimated to grow at a CAGR of 6.02% throughout the period 2024 to 2029.

Proteases are vitally important enzymes due to their multiple applications in physiological and commercial areas of the market. Protease enzymes are used in many ways, mainly in the pharmaceutical and detergent industries and later in the food industry. Considering the current development of environmentally friendly technologies, protease enzymes are expected to have wide applications in leather processing and various biologically mediated processes. There is great variability in general enzyme requirements depending on the individual application. Microorganisms are the main source of enzymes because, thanks to an established fermentation method, they can be grown in large quantities in a short time.

The British health food company is launching an organic superfood blend called GreeNourish Complete. A unique vegan powdered food with 35 herbal ingredients, including bioactive enzymes for digestive health. A well-known organic health food company in the UK has announced the launch of its flagship formula called GreeNourish Complete, an organic superfood powder blend suitable for vegetarians and vegans. This product contains 35 organic vegan healthy foods and bioactive enzymes mixed in a nutritious and fortifying powder blend that can be used to boost energy levels, immunity, and dietary fiber content. The certified organic health supplement company introduced GreeNourish Complete as a complete nutritional shake for those looking for plant-based foods. GreeNourish Complete contains 11 green foods, eight berries and fruits, seven healthy vegetables, seven sprouts, mushrooms, and two herbs and seeds.

The growth of the population in the countries in development entails a demand for ready-to-serve foods that suit them, as well as boulangerie products and collations, which increased the demand for proteases in the food industry and drinks. Proteases are considered valuable catalysts in industrial processes. They perform precise reactions crucial to the production process but have no technical role in downstream food products. For example, in the meat industry, enzyme-type papain is used to tenderize meat.

Furthermore, the growing demand for non-proteases from the food industry is driving the growth of the global proteases market. Proteases are widely used in food applications such as confectionery; they are added to improve the development of gluten and are also used in dairy products to help in the coagulation of milk. These are the factors that will drive the global market for proteases. Other food applications include yeast hydrolysis, animal protein processing, and seafood processing. Strong demand for proteases for cleaning formulations by detergent industries is expected to drive growth in the global protease market.

Protease plays a key role in food and pharmaceutical applications. Protease enzymes are varied ingredients used in many consumer goods and consumer products. They also help reduce manufacturing costs and improve the digestibility of food products. It is non-pathogenic, non-toxic, and environmentally friendly in nature, adding to the benefits of proteases and leading to its demand.

This Research Report on North American proteases Market is segmented and sub-segmented into the following categories:

North America Proteases Market - By Source:

• Microbial
• Plant
• Animal

North America Proteases Market – By Application: 

• Food & Beverages               
• Laundry & Dish Washing Detergents            
• Feed Additives      
• Health Care             
• Other Applications

North America Proteases Market – By Product:

• Plant
• Animal
• Microbial

The current COVID-19 crisis has unleashed a revolutionary effect on the global economy given the imposition of blocking and social distancing policies in several countries, while significantly interfering with consumers' lifestyles. In addition to shutting down industrial operations and many facilities, it also caused varying levels of anxiety, concern, and fear regarding the effective treatment of SARS-CoV-2 infection.

However, the pandemic has proven to be a great stimulus for the protease industry with emerging applications in the pharmaceutical sector. The increasing search for effective drugs to counter the virus has led to increased uptake of viral proteases or hosts to mediate viral entry and the pathogenesis of viral infection. Since exogenous and endogenous agents that target proteases have been shown to be effective against various viral infections, including HIV and influenza viruses, the researchers suggested that protease inhibitors may show a promising antiviral treatment for COVID-19.

North America Proteases Market - By Region:

• The U.S.
• Canada
• Rest of North America

The North American region is experiencing high demand for dairy and meat products, especially in the United States, which in turn has increased the demand for proteases in this region. In addition, the growing demand for cheese, beverages, and other food products in emerging countries is majorly driving the growth rate of the US protease market. Canada's protease market is likely to hit the highest shares in the coming years.

KEY MARKET PLAYERS:

Key market players in the North American Proteases Market are E. I. du Pont de Nemours and Company, Novozymes A/S, Dyadic International, Inc., Specialty Enzymes & Biotechnologies Co.