Uptick in Consumption of Digestive Drugs to Boost Growth of Pepsin Market
Pepsin is a naturally occurring digestive protein found in the highly acidic environment of the stomach. For commercial applications, pepsin is derived from pigs. Demand for pepsin is forecast to grow at a moderate CAGR of around 4% till 2027. Major driving factor fuelling the pepsin market is its adoption as an intermediate in digestive drugs and as a protein supplement. In digestive drugs, pepsin is used as a degrading or proteolytic enzyme which directly impacts the digestive system. Furthermore, pepsin plays a key role in treatment of anemic conditions, especially during slimming diets when protein intake increases. This, in turn, has created a healthy demand for pepsin in the formulation of protein supplements. In addition, pepsin has also been highly utilized in tablets as an appetite enhancer.
Pepsin as a Food Additive to Emerge As a Lucrative Pocket in Pepsin Market
Demand for pepsin as a food additive has significantly risen in the last half decade. For instance, pepsin is commercially used in the processing of soy protein and gelatin, in applications such as poultry, meat and meat alternatives and cream novelties such as ice cream, nutritional beverages, and dairy products. In addition, Pepsin is used as a substitute for rennin in the production of certain cheeses. Prolonged consumption of pepsin as a food additive is forecast to be its fastest growing application and has thus propelled the demand growth for pepsin throughout the forecast period. Likewise, pepsin is utilized in a number of industrial applications. For example, it is used in removing undesirable traces of remaining tissue, such as hair and fat, from partially processed hides in the leather industry. Furthermore, pepsin is applied during silver recovery from discarded photographic films, by digesting the gelatin layer that holds the silver. All these application have been identified as niche applications of pepsin that are expected to witness steady growth during the forecast period
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Europe to Hold One Third Share, Asia Pacific Sees Spurt in Consumption
From the regional perspective, Europe accounts for around one third of market share in global pepsin market. This region has been identified for its consistent growth in pharmaceutical industry and has provided potential market opportunities. Asia Pacific except Japan (APEJ) is one of the lucrative markets for pepsin in terms of consumption. China is at the forefront of demand with robust pharmaceutical production in the region, accounting for bulk demand for pepsin. Consumption of pepsin in emerging countries such as China, India, Malaysia, and Thailand is likely to grow at the fastest CAGR in line with population growth. Since, downstream applications of pepsin are concentrated in pharmaceuticals and health supplements products we are experiencing leading growth in the region.
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Fierce Competition at Global Level, Manufacturers Restructuring Prices as Per Regional Supply
Global pepsin market is fragmented in nature with the presence of numerous small and large scale companies. Prominent players with established market presence in global pepsin market include A. Constantino & C., Biolaxi Corporation, BIOZYM, Chongqing quanxinxiangsheng, Chongqing Jingkang Biotechnology, Deyang Sinozyme, and Enzymology Research Center. Attributed to numerous applications of pepsin ranging from cheese manufacturing to meat tenderizing, manufacturers are offering a broad product portfolio suitable for specific actions. Since global market is highly competitive, prices for different producers are different. For instance, pepsin prices in China are almost 50% less than that of Europe. In addition, price of higher grade pepsin is well above that of low grade one. Thus, to stand out from the fierce competition, players are ensuring a more diversified range of pepsin grades at a competitive cost.
Global Pepsin Market- Scope of the Report
The recent study by Fact.MR on global pepsin market offers an 8-year forecast between 2019 and 2027. The study analyzes crucial trends that are currently determining the growth of global pepsin market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of global pepsin. The study also provides dynamics that are responsible for influencing the future status of the global pepsin market over the forecast period.
A detailed assessment of global pepsin value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the global pepsin market along with their production capacity analysis enhances the reliability of this comprehensive research study.
Global Pepsin Market: Report Summary
The study offers a comprehensive analysis on diverse features including demand, product developments, revenue generation and sales in global pepsin market across the globe.
A comprehensive estimate on global pepsin market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of pepsin during the forecast period. Price point comparison by region with global average price is also considered in the study.
Global Pepsin Market Segmentation
Fact.MR has studied the global pepsin market with detailed segmentation on the basis of product form, end use sector, grade type and region
|
Product Form |
End Use Sector |
Grade Type |
Region |
|
Powder |
Pharmaceuticals |
1:3,000 |
North America |
|
Liquid |
Industrial |
1:10,000 |
Latin America |
|
|
Food and Feed |
1:15,000 |
Europe |
|
|
Others |
Other Forms |
Japan |
|
|
|
|
APEJ |
|
|
|
|
MEA |
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Global Pepsin Market: Analysis on Market Size Evaluation
Global Pepsin market has been analyzed for each market segment, in terms of value (US$ Mn).
Market estimates at global and regional levels for global pepsin are available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent global pepsin market segments, along with the market attractiveness evaluation has been incorporated in the report. Furthermore, the absolute $ opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global Pepsin market.
Global Pepsin Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the global pepsin report, which helped to deliver projection in the regional markets. These chapters include the regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of global pepsin market during the forecast period.
Country-specific valuation on demand for global pepsin has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominent regions. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging regions has also been included in the report.
Global Pepsin Market: In-depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of the global pepsin market along with their detailed profiles. Essential and Up-to-date data information related to the market performers, who are principally engaged in the production of global pepsin, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with an all-inclusive SWOT analysis on each player. The company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in Global Pepsin market. Prominent companies operating in the global Pepsin market, include A. Constantino & C., Biolaxi Corporation, BIOZYM, Chongqing quanxinxiangsheng, Chongqing Jingkang Biotechnology, Deyang Sinozyme, and Enzymology Research Center.
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Pepsin Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027