- In July 2023, Biocatalysts Ltd introduced Promod 128L, a new protease preparation designed with a unique formulation of endopeptidase activities. This innovative product effectively hydrolyzes extracted collagen, resulting in neutral-tasting collagen peptides suitable for various applications. The launch reflects the company's commitment to advancing enzyme technology and meeting the growing demand for high-quality collagen products in the food and nutrition sectors
- In June 2023, BASF announced the expansion of its innovation campus in Shanghai, investing approximately EUR 280 million in two new research and development buildings. This expansion aims to enhance BASF's capabilities in developing innovative solutions across various sectors, including biocatalysis and enzyme production. The investment underscores BASF's commitment to fostering R&D and driving growth in the global market
- In January 2023, Danisco Animal Nutrition & Health, part of International Flavors & Fragrances, received approval from the Canadian Food Inspection Agency for its products Enviva PRO and Syncra SWI. Syncra SWI combines VMP with a protease enzyme, marketed as an effective feed additive. This agile enzyme-producing capacity allows it to adapt to different feed ingredients, enhancing its utility in animal nutrition and health applications
Frequently Asked Questions
The market is segmented based on Segmentation, By Source (Animal, Plant, Microbial), Application (Food and Beverages, Livestock Feed, Soaps and Detergent, Pharmaceuticals, Others), Production (Fermentation, Extraction), Formulation (Liquid Formulation, Lyophilized Powder, Other), Product (Animal, Plant, Microbial), Type (Trypsin, Renin, Pepsin, Papain, Alkaline Protease), Form (Liquid, Powder) – Industry Trends and Forecast to 2032
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The Global Proteases Market size was valued at USD 2.64 USD Billion in 2024.
The Global Proteases Market is projected to grow at a CAGR of 6.05% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
