North American Protease Market Demand is Expected to Grow with a CAGR of 5.5% from 2014 to 2019.pdf

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The North American Prote ase Market D emand is Expected to Grow with a
CAGR of 5.5% from 2014 to 201 9.
The demand for the protease enzyme and leci thin is being driven by an increase in industrial
growth and consumption of processed foods. The North
American protease market demand by value is expected
to grow with a CAGR of 5.5% from 2014 to 2019. The
detergent industry holds a majority of the market share
of the North American protease enzymes market in
terms of value as well as volume. In view of the recent
trend of developing environmentally friendly
technologies, proteases are envisaged to have extensive
applications in leather treatment and in several
bioremediation processes. The pharmaceuticals
application is estimated to be the fastest-growing
application, with a C AGR of 6.4% through 2019.The U.S is
the dominant market in North America, while Canada is
estimated to be the fastest-growing market.
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Browse through the market data tables and figures and detailed ToC on the “North America
Protease Market”.
http://www.micromarketmonitor.com/market/north-america-protease-6102606941.html
Proteases are a single class of enzymes which occupy a pivotal position in the industrial enzyme
demand. Protease enzymes find an application in diverse end- use markets, such as detergents,
pharmaceuticals, food, and other industries such as textile, animal feed, chemical, and
photography. Lecithin is a natural emulsifier which is majorly used in food and feed applications.
The North American
Protease market was
valued at $0.9 billion
in 2013, to grow at
5.2% annually. It is
projected to reach
$1.2 billion by the end
of 2018.
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Lecithin and protease enzymes are widely used in a variety of industrial applications as per their
chemical characteristics and functionalities. For lecithin, nutrition and supplements is the fastest-
growing application, whereas the pharmaceutical industry is the fastest-growing application for
protease enzymes. The increasing health awareness of consumers is driving the end use
application growth for lecithin and protease.
Asia Pacific Protease Market:
The Asia-Pacific protease market demand by value is expected to grow with a CAGR of 5.9%
from 2014 to 2019. The protease market is driven by factors such as clean labeling, replacement
of chemicals and additives, more demand for environment-friendly ingredients, less production
cost, high yield, and less time taken in production. Due to the growing prominence of industrial
growth in the APAC region, the demand for protease is estimated to be robust. In 2014, China is
the dominant country, holding a market share of 51.7%. The increase in demand for protease in
India will result in it registering the highest growth rate in the Asia-Pacific region.
http://www.micromarketmonitor.com/market/asia-p acific-protease-8155 668741.html
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