DUBLIN, June 20, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "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" report to their offering.

The global proteases market is projected to reach a value of USD 2.21 billion in 2021.

The proteases market is segmented on the basis of source into animal, plant, and microbial. The microbial segment is growing at the fastest rate in terms of value, due to the increasing producers' demand as it is commercially viable & helps in yield improvement, and inability of plant and animal sources to meet the proteases demand globally.

Based on applications, the proteases market is segmented into food & beverages, livestock feed, soaps & detergent, pharmaceuticals, and other applications. Soaps & detergents dominated the proteases market as proteases is cost-effective and safe to use. The changing cleaning habits, development of technology such as protein engineering to produce high performing products, and growing environmental concern are driving the market for proteases use in the soaps and detergents industry.

Based on the methods of production, the proteases market is segmented into fermentation and extraction. Fermentation dominated the proteases market due to producer's reliance on microbial sources and economic efficiency involved as the process is time and cost saving.

The market is also segmented on the basis of formulations into liquid, lyophilized powder, and others. Lyophilized powder dominated the proteases market in terms of formulation due to its functional properties as it increases the shelf life of the product and also due to the development & advancement of technology such as encapsulation.

Companies Mentioned:

• Advanced Enzyme Technologies Ltd.
• Amano Enzyme Inc.
• Associated British Foods PLC
• Biocatalysts Limited
• Chr. Hansen Holdings A/S
• Dyadic International Incorporated
• E. I. Du Pont De Nemours and Company
• Koninklijke DSM N.V.
• Novozymes A/S
• Specialty Enzymes & Biotechnologies

Report Structure:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Proteases Market, By Source

8 Proteases Enzymes Market, By Product

9 Proteases Market, By Method of Production

10 Proteases Market, By Formulation

11 Proteases Market, By Application

12 Proteases Market, By Region

13 Competitive Landscape

14 Company Profiles

15 Appendix

For more information visit http://www.researchandmarkets.com/research/wq6fkh/proteases_market

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SOURCE Research and Markets