Pepsin Market is valued at USD 19.87 Million in 2018 and expected to reach USD 37.16 Million by 2025 with the CAGR of 9.35% over the forecast period.
Pepsin Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2025. Rising awareness among consumers toward nutritional food, increasing indigestion disorders and growing prevalence for the dietary supplements to stay fit and healthy are some major impacting factors driving the growth of the global pepsin market.
Pepsin is one of the main digestive enzymes in the digestive systems of humans and many other animals, where it helps digest the proteins in food. It is an endopeptidase that breaks down proteins into smaller amino acids. It is produced in the main cells of the stomach lining. Pepsin enzyme can be used for dyspepsia caused by indigestion. It is mainly used for patients suffering from indigestion. Pepsin enzymes works for proper digestion of food when patients lack its secretion. Pepsin also helps in breaking the proteins of the food into tiny bits and absorption of nutrients. Pepsin is used for a variety of applications in food manufacturing like to modify and provide whipping qualities to soy protein and gelatin, to modify vegetable proteins for use in snack items. Pepsin also utilized in food industry to make precooked cereals into instant hot cereals. Pepsin is commonly used in the pharmaceutical industry and also in the leather industry to remove hair and residual tissue from hides.
Pepsin market report is segmented on the basis of type, application and by regional & country level. Based upon type, pepsin market is classified into high activity (min. 1:10000) and low activity (below 1:10000). Based upon application, pepsin market is classified into pharmaceuticals, inspection & quarantine, health supplements and other.
The regions covered in this pepsin market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of pepsin is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Harbour BioMed announced Partnership Deal with Sichuan Kelun-Biotech for Worth of $ 350 Million-Plus
News: Aug 20, 2018, Harbour BioMed announced partnership deal with Sichuan Kelun-Biotech Biopharmaceutical Co. to develop and commercialize an anti-PD-L1 antibody, A167, currently in Phase II development. The two companies will further work to develop combination therapies of A167 with other drugs in their respective territories. The development deal is for commercialization outside of the Greater China region.
Pepsin Market Dynamics –
Rising awareness among consumers toward nutritional food, increasing stomach disorders, growing prevalence for the dietary supplements to stay fit and healthy are some major impacting factors driving the growth of the global pepsin market. According to NIH report, indigestion is a common condition, affecting about 1 in 4 people in the United States each year. Moreover, high prevalence of gastric cancer, increasing demand for protein supplements products is expected to enhance growth of market in coming years. According to NCBI, over one million cases of gastric cancer are diagnosed each year around the world. However, fluctuations in the availability of the raw materials and stringent regulations by government bodies at the production level and approval of the product and lack of awareness regarding consumption will hamper the growth of pepsin market. Moreover, rising demand for instant food products, growing concerns related to nutritional supplements and the increasing investment in R&D activities will create significant opportunities for the growth of pepsin market during forecast period.
Pepsin Market Regional Analysis –
The Asia Pacific is dominating the pepsin market with the highest share in forecast period due to the increase in healthcare expenditure, rising awareness about dietary supplement, rise in food industries, increasing geriatric population and rising lifestyle related diseases. Further, pepsin market will thrive due to rise in the capital income in both developed and developing countries in emerging economies including China and India. According to IBEF report, the food processing industry is one of the largest industries in India and ranks fifth in terms of production, consumption and exports. As per the data, food processing sector is expected to reach US$ 258 billion in 2015. According to Organisation for Economic Co-operation and Development (OECD), in high income Asia-Pacific countries, the share of population aged over 65 years is expected to double to reach and on average 27.6% in 2050.
North America is second highest dominating region for the pepsin market in forecast period due to various health and wellness concerns, rise in the economy and growing investments in the pharmaceutical industry. Moreover, consumption of nutritional supplements, established healthcare infrastructure and increasing R&D by major players in this region. According to International Federation of Pharmaceutical Manufacturers & Associations, The United States share will increase from 40.3% to 41% in2015 to 2020 in the global market. As per study report, the research-based pharmaceutical industry currently spends over USD 149.8 billion on R&D per year.
Key Benefits for Pepsin Market Reports –
Global Market report covers in depth historical and forecast analysis.
Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Market report helps to identify opportunities in market place.
Global Market report covers extensive analysis of emerging trends and competitive landscape.
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