Proteases Market size to reach USD 3 billion by 2024

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Proteases Market size to exceed USD 3 billion by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Proteases Market

• North America, led by the U.S. pharmaceutical
  production industry expansion, dominated regional
  industry and may surpass USD 550 billion by 2024,
  with significant gains at over 5.5 CAGR.
• Shift in focus towards consumer awareness on
  health benefits owing to strong outlook for
  medicine product usage in pharmaceutical
  application may favor product demand.
• North America, driven by Canada and U.S.
  proteases market size, comprised of over 46 of
  the global revenue in 2015.
• APAC, led by China and India proteases market
  size, may witness significant gains at over 5.1
  CAGR up to 2024. Rise in per-capita disposable
  income along with rapid urbanization may drive
  industry growth.

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Application Analysis of Proteases Market

• Detergent use for household purposes and cleaning
  lenses or dentures is likely to favor proteases
  market size in soaps detergent application.
• Pharmaceutical industry uses protease for
  preparation of medicines include ointment for
  effective therapeutic value.
• Key properties such as viscosity reduction,
  improving flavor, providing stability and product
  processing advancement may favor proteases market
  size in food beverage application.
• Alkaline based products were dominant in 2015
  owing to increasing application scope in
  microbial protease market. Increasing usage of
  alkaline products in high temperature conditions
  may favour its usage scope in soap detergents
  industry.

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Competitive Market Share of Proteases Market

• Global proteases market share is competitive and
  fairly fragmented. Key industrial participants
  include Chr. Hansen, Associated British Food,
  DuPont, DSM and Novozymes.
• These player possess a significant growth in
  product development along with production
  expansion which may drive industry growth.
• Other key manufacturers include Advanced Enzyme
  Technologies, Dyadic International, Biocatalysts,
  Amano and Specialty Enzymes and Biotechnologies.

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