Serine Protease: Market outlook

In the global enzyme market, proteases hold the major market share of 60% owing to their versatile application in various industry such as detergent, leather, pharmaceuticals and food industries. Out of all the commercial proteases sold every year, the most selling protease is serine protease with a share of 89%. Serine Proteases are chymotrypsin-like proteases containing a serine group in their active site and help in substrate binding and their cleavage. Serine protease has wide substrate specificity and their activity extends beyond peptidase which makes them suitable for various industries. There is considerable variance in the demand for serine protease in the world depending on industrial proliferation. Microorganism holds the major share in the production of serine protease owing to the established method of fermentation and it can be cultured in large quantities in a short period. In the global serine protease market, North America and Europe hold the major market share owing to the presence of key food manufacturers in the region. Also, unique promotional strategies by the manufacturers in the region is bolstering the demand. With the increasing demand for serine protease in various sectors is expected to increase the demand for serine protease in the coming future.

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Rising Demand for Serine Protease in Food and Pharmaceutical Industry

The buzz of "natural" is a major driving factor which led the manufacturers to include a natural alternative to chemical ingredients. Serine proteases gained a considerable variance in the worldwide requirement in protease enzymes in accordance with industrial proliferation. In global protease enzyme market, serine protease market is expected to remain positive in various industries such as food and beverages industry, leather industry and pharmaceutical industry. In the food and beverage industry, serine proteases are widely used for the production of high nutrition protein hydrolysates. Also, it is gaining demand owing to treat the digestive disorder and food allergies. In the food industry, it is also used in the fortification of soft drink and fruit juices and as a part of infant food formulations. Along with serine proteases are also gaining the demand in the process of cheese making. In the pharmaceutical industry, serine protease is used for soft gel medicinal formulas and in non-woven tissues. Despite the various opportunities for serine protease in the market, their use in the industry is sometimes restricted. Serine protease is derived from microbe cultures with various disadvantages, for example, native microbial enzymes are not always suitable for bio-catalytic processes.

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Global Serine Protease: Market Segmentation

On the basis of type, global serine protease market can be segmented as

  • C1r
  • C1s
  • C3a
  • C3b

On the basis of application, global serine protease market can be segmented as

  • Digestive System
  • Blood Coagulation System
  • Complement System
  • Others

On the basis of end use, global serine protease market can be segmented as

  • Food Industry
    • Dietary Supplements
    • Nutraceuticals
  • Pharmaceutical Industry

Global Serine Protease: Key Players

In the global 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, and others. Many other players in the food and pharmaceutical sector are showing their keen interest to bring serine protease in their production line.

Opportunities for Market Participants:

Escalating demand for natural food ingredient in the food and beverage industry is creating a huge opportunity for the growth of the serine protease market. A rise in the disposable income and purchasing power of consumers leads to an increasing preference for premium products. Many companies are introducing artisanal & gourmet food products in different forms in terms of economical and premium ranges. These companies gain lucrative opportunities to capitalize on the premiumization of their product portfolio to strengthen their market position, due to an increase in globalization and economic growth which creates enough space for the growth of serine protease market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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