Serine Protease: Market outlook
In theglobal enzyme market, proteases hold the major market share of 60% owing totheir versatile application in various industry such as detergent, leather,pharmaceuticals and food industries. Out of all the commercial proteases soldevery year, the most selling protease is serine protease with a share of 89%.Serine Proteases are chymotrypsin-like proteases containing a serine group intheir active site and help in substrate binding and their cleavage. Serineprotease has wide substrate specificity and their activity extends beyondpeptidase which makes them suitable for various industries. There isconsiderable variance in the demand for serine protease in the world dependingon industrial proliferation. Microorganism holds the major share in theproduction of serine protease owing to the established method of fermentationand it can be cultured in large quantities in a short period. In the globalserine protease market, North America and Europe hold the major marketshare owing to the presence of key food manufacturers in the region. Also,unique promotional strategies by the manufacturers in the region is bolsteringthe demand. With the increasing demand for serine protease in various sectorsis expected to increase the demand for serine protease in the coming future.
Rising Demand for Serine Protease inFood and Pharmaceutical Industry
The buzzof "natural" is a major driving factor which led the manufacturers toinclude a natural alternative to chemical ingredients. Serine proteases gaineda considerable variance in the worldwide requirement in protease enzymes inaccordance with industrial proliferation. In global protease enzyme market,serine protease market is expected to remain positive in various industriessuch as food and beverages industry, leather industry and pharmaceuticalindustry. In the food and beverage industry, serine proteases are widely usedfor the production of high nutrition protein hydrolysates. Also, it is gainingdemand owing to treat the digestive disorder and food allergies. In the foodindustry, it is also used in the fortification of soft drink and fruit juicesand as a part of infant food formulations. Along with serine proteases are alsogaining the demand in the process of cheese making. In the pharmaceuticalindustry, serine protease is used for soft gel medicinal formulas and innon-woven tissues. Despite the various opportunities for serine protease in themarket, their use in the industry is sometimes restricted. Serine protease isderived from microbe cultures with various disadvantages, for example, nativemicrobial enzymes are not always suitable for bio-catalytic processes.
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Global Serine Protease: Key Players
In theglobal corn germ market, few key players in the market are Novozymes A/S,Jinghai Amino Acid, Solaray, Biocatalysts Limited, Tianan Pharmaceuticals,Associated British Foods, Chemical Amano Enzyme, Jiahe Biotech, Huayang, andothers. Many other players in the food and pharmaceutical sector are showingtheir keen interest to bring serine protease in their production line.
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Opportunities for MarketParticipants:
Escalatingdemand for natural food ingredient in the food and beverage industry iscreating a huge opportunity for the growth of the serine protease market. Arise in the disposable income and purchasing power of consumers leads to anincreasing preference for premium products. Many companies are introducingartisanal & gourmet food products in different forms in terms of economicaland premium ranges. These companies gain lucrative opportunities to capitalizeon the premiumization of their product portfolio to strengthen their marketposition, due to an increase in globalization and economic growth which createsenough space for the growth of serine protease market.
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