The Peptone Market is bound to reach US$ 130.9 Mn at a CAGR of 4.2% between 2020 to 2030. The modern-day situation says that the healthcare sector is witnessing an optimization and reposition of the business models to obtain enhanced patient outcomes. With real-time analytics known to improve patient care and the fact that consumers are shifting towards the preventive model of care, the healthcare vertical is likely to witness greater strides in the forecast period.
Peptones are protein hydrolysates that are widely used as a growth supplement for mammalian and microbial cell culture. These are derived from plants, animals, and yeast. However, animal-based peptones are mostly preferred for in commercial cell culture optimization processes. Availability of a wide variety of animal peptones also contributes to their high-value share in the market. Increasing adoption of animal-based peptones as a low-cost growth supplement for the commercial production of biopharmaceuticals is accelerating market growth. Further, growing biopharmaceutical manufacturing activities are also expected to accelerate the expansion of the peptone market over the forecast period of 2020 to 2030.
Growing burden of chronic disease patient population is creating huge demand for novel biopharmaceuticals. Protein supplements such as peptone play an important role in biopharmaceutical manufacturing. Due to rapid growth of the biopharmaceutical industry, demand for peptone is expected to witness significant increase over the coming years.
Get Sample Copy of Report @ https://www.persistencemarketresearch.com/samples/12784
Companies covered in Peptone Market Report
- HiMedia Laboratories
- Merck KGaA
- Thermo Fisher Scientific Inc.
- Biospringer
- Hardy Diagnostics,
- Solabia Group
- Global Bioingredients,
- Kerry Inc
- Organotechnie
- Nu-Tek BioScience, LLC.
- Biotecnica
Get To Know Methodology of Report @ https://www.persistencemarketresearch.com/methodology/12784
According to the latest report published by Persistence Market Research, the global peptone market was valued at US$ 130.9 Mn in 2020, and is predicted to witness a steady CAGR of over 4% during the forecast period (2020 – 2030).
Key Takeaways from Peptone Market Study
- Peptones derived from animals is expected to contribute more than half of the revenue share in the market.
- By product, protein hydrolysates are expected to hold the highest market share in 2020, with more than 3/4 revenue share worldwide.
- By end user, biopharmaceutical Companies will hold a major share by acquiring over 55% of the market. This sector is the most advancing compared to other end users.
- By application, microbial cell culture is expected to hold two-third market share, owing to high preference for peptone supplements for microbial cell culture.
- North America captures close to 1/3 of the global peptone market share.
- Collaborations and acquisitions are key growth strategies of leading manufacturers for expansion of product portfolio.
- The COVID-19 outbreak had a considerable impact on the growth of the peptone market in 2020 due to lockdown implementation by governments.
- Country’s such as China and India are projected to be the fastest-growing markets, and will expand at a CAGR above 5% through 2030.
- The U.S. holds a big portion of the market revenue, and accounts for more than 80% in North America.
“Increasing burden of infectious diseases and preference of peptone for bio-production will upswing global demand,” says an analyst of Persistence Market Research.
Access Full Report @ https://www.persistencemarketresearch.com/checkout/12784
Collaborations & Acquisitions Key Strategies amongst Market Players
Key players in the peptone market are distributing their product ranges through acquisitions and reaching out to emerging markets. Strategic collaborations and acquisitions of small- and mid-sized companies create long-term value and future sustainable growth for leading manufacturers, which is also expected to drive the peptone industry over the coming years.
For instance, in September 2018, Thermo Fisher Scientific acquired the advanced bioprocessing business of BD (Becton, Dickinson and Company), which is a leading provider of life science and biopharmaceutical products.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the peptone market in its latest study, presenting historical demand assessment of 2015 – 2020 and projections for 2020 – 2030, based on source (plant, animal, and yeast), product (protein hydrolysates, infusions, and extracts), application (microbial cell culture, mammalian cell culture, plant tissue culture, and yeast culture), and end user (academic and research institutes, biopharmaceutical companies, and contract research laboratories), across seven key regions of the world.
Access Related Reports:
Obesity Surgery Devices Market:
Persistence Market Research Released New Market Report on “Global Market Study on Obesity Surgery Devices: Asia-Pacific to Witness Highest Growth by 2020” the global obesity surgery devices market was valued at USD 1,432.4 million in 2014 and is expected to grow at a CAGR of 9.6% from 2014 to 2020, to reach an estimated value of USD 2,489.5 million in 2020.
Animal Wound Care Market:
A new report published by Persistence Market Research titled “Animal Wound Care Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025)” studies the performance of the global animal wound care market over an eight year assessment period from 2017 to 2025.
Rare Endocrine Disease Treatment Market:
The global rare endocrine disease treatment market will exhibit a moderate expansion in the period between 2017 and 2026, according to a new report of Persistence Market Research (PMR). Treatment of rare endocrine diseases across the globe are foreseen to close in on roughly US$ 12,000 Mn revenues by 2026-end.
Flavors into Over-The-Counter (OTC) Pharmaceuticals Market:
Preference for fruit flavors in medicines is an ongoing trend in the flavors into over-the-counter (OTC) pharmaceuticals market. The consumption of fruit flavor formulations by leading manufacturers is relatively high as compared to other flavors.
About Us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.
Contact Us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com