Consumer & Retail

According to a market report by Lucintel, the future of the protease food enzyme market looks promising with opportunities in the food and beverage industries. The global protease food enzyme market is expected to reach an estimated $1.4 billion by 2028 with a CAGR of 5.6% from 2023 to 2028. The major drivers for this market are changing dietary habits; growing usage in diary products, bakery & pastry, and beverages in emerging economies; and the introduction of genetically engineered enzymes.



In this market, lyophilized powder and liquid are the two major form segments. Lucintel forecasts that lyophilized powder will remain the larger from segment over the forecast period as it is more durable and less prone to degradation as compared to liquid enzymes.



Within this market, food is expected to remain the largest application segment due to the increasing application of enzymes in a variety of applications, such as tenderizing meat, improving the texture of baked goods, and enhancing the flavor and nutritional value of various foods.



APAC is expected to witness the highest growth due to strong tradition of food processing and increased demand for high-quality processed food in the region.

DuPont, Associated British Foods, DSM, Novozymes, CHR. Hansen, Kerry Group, Biocatalysts, Puratos Group, Advanced Enzyme Technologies, and Amano Enzyme are the major suppliers in the global protease food enzyme market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global protease food enzyme market by source, form, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Protease Food Enzyme Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global protease food enzyme market by source, form, application, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global protease food enzyme market by source (microorganisms, plants, and animals), form (lyophilized powder, liquid, and others), application (food and beverages), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?