Global Trypsin Market
The pancreas produced Trypsin enzyme that helps in breaking down proteins and this is carried out in the small intestine. This is also known as proteinase or proteolytic enzyme. Pancreas produce trypsin in an inactive form known as trypsinogen and it is later converted into active form in the small intestine, which is called as trypsin. Trypsin along with chymotrypsin and pepsin, trypsin breaks down proteins into peptides and amino acids. These amino acids are beneficial for muscle growth, bodily functions and hormone production.
Global Trypsin Market is forecast to be valued at US$ 42.95 Million and is estimated to witness a CAGR of 4.3% over the forecast period.
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Drivers:
Rising adoption of strategies like acquisitions and agreements is estimated to augment growth of the global trypsin market over the forecast period. For instance, Leisure Acquisition Corp signed an agreement to acquire Ensysce Biosciences, Inc., in February 2021. The main aim of this agreement is to carry out the commercialization of their product based Multi-Pill Abuse Resistant and Trypsin Activated Abuse Protection drug platforms.
Impact of COVID-19:
The pandemic and lockdown impacted the financial status of various businesses including the private healthcare sector across several nations around the world. The pandemic also affected the supply chains in the healthcare industry owing to lockdowns in various regions. The private healthcare sector was significantly impacted due to COVID-19.
Lockdowns were imposed in many countries and this has caused an economic burden on the healthcare sector. Furthermore, COVID-19 also hindered growth of the healthcare sector as it affected the production, development and supply of various products around the world.
Moreover, the pandemic led to a disruptions in the distribution and supply chains of trypsin which affects the trypsin market.
Furthermore, major players are focusing on manufacture of trypsin reagents or kits which are useful in research, this is estimated to augment growth of the global trypsin market during the forecast period. For instance, Promega Corporation provides Sequencing Grade Modified Trypsin and Trypsin Gold having high efficiency and can be used in research activities like quantitative analysis, post-translational modifications, protein identification and differential expression.
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Key Takeaways:
- The global trypsin market is estimated to witness a CAGR of 4.3% over the forecast period, due to adoption of various growth strategies by major players. For instance, Creative Enzymes developed several new products and upgraded their enzyme products in August 2019.
- Pharmaceutical companies segment, among the end user in the global trypsin market over the forecast period, due to increasing research activities for exploring sources of trypsin that can be used by pharmaceutical companies. For instance, the Biomedcentral journal published an article in April 2020 stating that Microbial Streptomyces griseus trypsin is an alternative porcine trypsin, as it helps in eliminating the risk of immunogenicity and infectivity which are associated with trypsin obtained from animal sources.
- North America is estimated to witness robust growth in the global trypsin market over the forecast period, due to increasing research and development activities and growing manufacturing units in the region. For instance, BeiGene, Ltd., declared their plans of building new campus for manufacturing and research and developmental activities at the Princeton West Innovation Campus, in New Jersey, U.S.
- Key players active in the global trypsin market are BBI Solutions, Promega Corporation, Bovogen Biologicals Pty Ltd., Merck KgaA, Waters Corporation, Geno Technology Inc., ProteoChem, Thermo Fisher Scientific Inc., Creative Enzymes, SignalChem Biotech Inc. and Takara Bio Inc.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Source
- Market Snapshot, By Product Type
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Acquisitions and Partnerships Scenario
- Ongoing Developments
- Porter’s Analysis
- PEST Analysis
- Brand Analysis
- Market Dynamics
- Global Trypsin Market – Impact of Coronavirus (Covid-19) Pandemic
- COVID-19 Epidemiology
- Overall Impact
- Government Initiatives
- Global Trypsin Market, By Source, 2017 – 2028, (US$ Million)
- Overview
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Bovine
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Porcine
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Overview
- Global Trypsin Market, By Product Type, 2017 – 2028, (US$ Mn)
- Overview
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Kits
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Reagents
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Overview
- Global Trypsin Market, By Application, 2017 – 2028, (US$ Mn)
- Overview
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Protein Identification
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Quantitative Analysis
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Differential Expression
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Post-translational Modifications
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Overview
- Global Trypsin Market, By End User, 2017 – 2028, (US$ Mn)
- Overview
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Academic & Research Institutes
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Pharmaceutical Companies
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Overview
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