Proteases Market

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MarketsandMarkets Presents
Proteases Market worth 2.21 Billion USD by 2021
http//www.marketsandmarkets.com/Market-Reports/pr
oteases-market-184780427.html
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• The report "Proteases Market by Source
  (Microbial, Animal, Plant), Formulation (Liquid,
  Lyophilized Powder), Product (Renin, Papain,
  Alkaline), Application (Food Beverages, Feed,
  Soaps Detergents, Pharmaceutical), by Region
  - Global Forecast to 2021", This report defines
  and segments the proteases market on the basis of
  various sources, applications, methods of
  production, formulations, products, and regions,
  with analyses and projections of the market size
  of each of these segments in terms of value. The
  growing urbanization coupled with
  industrialization, adoption of advanced
  technology in production, reduction in feed costs
  improved nutritional value of poultry meal, and
  producers concern over cost efficiency are the
  factors driving the demand of proteases.
• The proteases market is projected to reach USD
  2.21 Billion in terms of value by 2021, at a CAGR
  of 6 from 2016 to 2021.
• Browse 70 market data tables with 58 figures
  spread through 152 pages and in-depth TOC
  on "Proteases Market by Source (Microbial,
  Animal, Plant), Formulation (Liquid, Lyophilized
  Powder), Product (Renin, Papain, Alkaline),
  Application (Food Beverages, Feed, Soaps
  Detergents, Pharmaceutical), by Region - Global
  Forecast to 2021" 
• http//www.marketsandmarkets.com/Market-Reports/p
  roteases-market-184780427.html

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• Pharmaceutical to be the fastest growing
  application of the proteases market during the
  forecast period
• The pharmaceutical segment has been estimated to
  lead the market in terms of value mainly due to
  the large quantity they are used in and the
  growing industrialization, increasing incidence
  of diseases and growing consumers awareness, and
  producers inclination toward cost efficiency and
  profitability. The food beverage application of
  proteases is also projected to grow at a high
  CAGR and the growth is driven by the growing
  health awareness among consumers, increasing
  demand by the food manufacturers as proteases
  improves processing through viscosity reduction,
  improving flavor palatability, and also providing
  stability, along with the advancement in food
  technology and food processing.
• Microbial The most widely used source of
  proteases
• The microbial source segment accounted for the
  largest share in the proteases market in terms of
  value, followed by the animal source segment of
  proteases, which is also projected to grow at the
  highest CAGR from 2016 to 2021. Growing research,
  broad biochemical diversity of microbial sources
  and its susceptibility to genetic manipulation,
  lower production costs, possibility of
  large-scale production in industrial fermenters
  bringing in benefits from economies of scale
  along with the use of non-burdensome methods are
  driving the demand for microbial source of
  production.

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• Asia-Pacific is projected to be the
  fastest-growing region in the proteases market
• The North American region was the largest market
  for proteases in 2015. The Asia-Pacific region is
  projected to be the fastest-growing market for
  proteases during the forecast period. The market
  here is driven by increasing urbanization,
  growing disposable income, and advancement of
  technology. China dominated the Asia-Pacific
  market for proteases owing to the rapidly growing
  industrialization and investment in research
  development.
• This report studies marketing and development
  strategies, along with the product portfolio of
  leading companies such as Chr. Hansen Holdings
  A/S (Denmark), E.I. du Pont de Nemours and
  Company (U.S.), Associated British Foods plc
  (U.K.), Koninklijke DSM N.V. (The Netherlands),
  Novozymes A/S (Denmark), Dyadic International
  Incorporated (U.S.), Advanced Enzyme Technologies
  Ltd. (India), Biocatalysts Limited (U.K.), Amano
  Enzyme Inc. (Japan), and Specialty Enzymes and
  Biotechnologies (U.S.).

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