Advancement in the biotechnology sector has positively shaped the alkaline proteases industry

 

Alkaline proteases are a type of enzyme that is active from neutral to pH range. An enzyme is any living thing that can be defined as a chemical reaction that changes something else, usually making a change in its shape or composition at some point during the catalytic reaction. The catalytic reaction may be a kinetic one - that is, it changes something because of the energy produced - or it may be a metabolic one - that is, it changes something because of the energy available for the catalytic reaction. Basically, an enzyme performs a number of functions: breaking down complex molecules into simple substances, assembling amino acids into peptide chains, playing a role in metabolism, and so on.

The expanding biotechnology industry due to technological advancement is driving the growth of alkaline proteases market. The rise in the investment in research &development activities is again expected to augment market growth. High demand for proteases from the soaps & detergents industry is also projected to foster the market growth of alkaline proteases. Growing hygiene awareness and increasing demand for the food industry for the preparation of food products is also projected to propel the market growth. Furthermore, the growing demand for environmentally friendly products across emerging economies and increasing use of proteases as therapeutic agents is further projected to augment the growth of alkaline proteases market.

From the geographical point of view, North America is expected to gain significant growth over the forecast period and this is attributed to the expansion of the pharmaceutical industry in the region. Increasing investment in the research and development activities is again expected to foster the regional growth of the alkaline proteases market. According to Pharmapproach Limited., in 2019, the United States remained the world’s largest single pharmaceutical market, generating more than $490 billion of revenue. Despite being only a 0.2% increase from the previous fiscal year, the United States market accounted for 48 percent of the global pharmaceutical market.

Key Developments:

In June 2020, Royal DSM, a global science-based company active in Nutrition, Health and Sustainable Living, announces the launch of its Delvo®Plant range of enzymes for optimizing the taste, texture and sweetness of plant-based drinks.

Key Players:

1.      Ab Enzymes

2.      Acumedia Manufacturers, Inc.

3.      Advanced Enzymes

4.      Novozymes

5.      Noor Enzymes

6.      Royal DSM

7.      Sigma Aldrich Corporation

8.      Solvay Enzymes

9.      Specialty Enzymes & Biotechnologies Co.