Pepsin Market surpass US$ 3.9 Bn by 2027 end, reflecting moderate growth of under 5% during the assessment period from Margo Trobbie's blog
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.
Pepsin is a protein-degrading, or proteolytic, enzyme used
in a wide range of pharmaceutical, and food processing applications.
Though demand for pepsin from pharmaceutical industry is
seeing a spurt, recent past has witnessed high growth in pepsin for processing
of soy protein and gelatin, which is used in an array of applications such as
dairy, poultry and meat products. 1:10000 pepsin grade is forecast to be a
leading segment in the burgeoning applications of pepsin within these products,
reveals Fact.MR in a recently published report on the Global pepsin market.
As per the report, global pepsin market is forecast to surpass US$ 3.9 Bn by
2027 end, reflecting moderate growth of under 5% during the assessment period
For more insights
into the Market, Request a Sample of this Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=4483
Key Takeaways of
Global Pepsin Market
Global pepsin market is forecast to create an absolute
opportunity of around US$ 1.1 Bn during the forecast period, adding 1.4X more
value as compared to 2019
Pepsin is primarily used as a pharmaceutical intermediate
for formulating digestive drugs, which is a dominant end use, accounting for
around half of the global market share
Use of pepsin as an enzymatic food additive, as a
replacement to rennin in the production of certain cheeses is trending, which
is forecast to propel demand growth of pepsin within the food industry
Liquid form of pepsin is the next growth epicenter in the
global market, which is poised to gain 732 BPS by 2027
Owing to wide application of 1:10,000 pepsin grade in
pharmaceutical & food industry it is the dominant grade of pepsin with
around 40% market share in 2019, however, demand for 1:15,000 grade pepsin is
forecast to be on a rapid growth trajectory during the forecast period
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