Trypsin market

Trypsin Market, by Source (Bovine and Porcine), by Product Type (Kits and Reagents), by Application (Protein Identification, Quantitative Analysis, Differential Expression, and Post-translational Modifications), by End User (Academic & Research Institutes, Pharmaceutical Companies, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

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Jan 2022
CMI4866
197 Pages
Excel & Pdf
Clinical Diagnostic

Summary

Trypsin is an enzyme produced by the pancreas that helps to digest proteins. Trypsin breaks down proteins in the small intestine. It is also called as proteolytic enzyme or proteinase. Trypsin is formed by the pancreas in an inactive form trypsinogen and is converted to the active form trypsin when it enters the small intestine. Trypsin along with other two proteinases pepsin and chymotrypsin breaks down the dietary protein into amino acids and peptides. These amino acids are important for hormone production, muscle growth, and bodily functions.

The global trypsin market is estimated to be valued at US$ 42.95 million in 2021 and is expected to exhibit a CAGR of 4.3% during the forecast period (2021-2028).

Figure 1.Global Trypsin Market Share (%) in Terms of Value, by Source, 2021

Increasing product launches is expected to drive the market growth during the forecast period.

The increasing product launches is expected to drive growth of the global trypsin market over the forecast period. For instance, in May 2017, Merck KGaA announced the launch of advanced proteomics grade SOLu-Trypsin. Moreover, SOLu-Trypsin is a stable enzyme for mass spectrometry.

Trypsin Market Report Coverage

Report Coverage	Details
Base Year:	2020	Market Size in 2021:	US$ 42.95 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2021 to 2028
Forecast Period 2021 to 2028 CAGR:	4.3%	2028 Value Projection:	US$ 57.71 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC Countries, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central Africa
Segments covered:	By Source: Bovine, Porcine By Product Type: Kits, Reagents By Application: Protein Identification, Quantitative Analysis, Differential Expression, Post-translational Modifications By End User: Academic & Research Institutes, Pharmaceutical Companies, Others
Companies covered:	Promega Corporation, Merck KgaA, Geno Technology Inc., USA., Thermo Fisher Scientific Inc., SignalChem Biotech Inc., Takara Bio Inc., Creative Enzymes, ProteoChem, Waters Corporation, Bioseutica, Bovogen Biologicals Pty Ltd., and BBI Solutions
Growth Drivers:	Increasing product launches and applications Application of trypsin in medical devices
Restraints & Challenges:	Trypsin’s autolysis property Incomplete digestion of trypsin

Figure 2. Global Trypsin Market Share (%), by Product Type, 2021

The use of trypsin to treat common cold is expected to drive the market growth during the forecast period.

Manufacturers are engaged in the development of trypsin (ColdZyme) in oral spray to protect against COVID-19 and common colds. The use of trypsin to treat common cold diseases will provide various market players the opportunity to expand their product portfolio. For instance, according to an article published in International Environmental Research and Public Health, in May 2021, ColdZyme, a medical device mouth spray, developed by Enzymatics, a leading producer of reagents, kits, and assays, stated that it inactivates the human coronavirus and SARS-CoV-2, as well as rhinovirus, adenovirus, influenza, and respiratory syncytial virus (RSV).

Global Trypsin Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization has declared it a public health emergency on January 30, 2020.

COVID-19 can affect the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, UAE, Egypt, and others are facing problems with regards to transportation of drugs from one place to another.

Furthermore, players operating in the global trypsin market are facing major challenges on various fronts due to the COVID-19 pandemic. The major challenges include supply of raw materials required for manufacturing and drug formulations due to irregularities in transportation. Moreover, distributors are experiencing irregular demand for products from the retailers due to an increase in the number of patients suffering from COVID-19 and other life threatening disorders.

Global Trypsin Market: Restraint

The major factors that are expected to hinder growth of the global trypsin market include trypsin’s autolysis property and incomplete digestion of trypsin. As trypsin is a protein, it may undergo autolysis or auto digestion, a process of destruction of cells by its own enzymatic action. This is expected to hinder growth of the global trypsin market over the forecast period. Moreover, while using trypsin, there is no assurance that all the protein will be completely digested. Around 10% to 30% of undigested trypsin sites are left.

Key Players

Major players operating in the global trypsin market include Promega Corporation, Merck KgaA, Geno Technology Inc., USA, Thermo Fisher Scientific Inc., SignalChem Biotech Inc., Takara Bio Inc., Creative Enzymes, ProteoChem, Waters Corporation, Bioseutica, Bovogen Biologicals Pty Ltd., and BBI Solutions.

Table of Content

*Browse 44 market data tables and 35 figures on "Global Trypsin Market” - Global forecast to 2028

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the global trypsin market during the forecast period (2021-2028)?

The global trypsin market size is estimated to be valued at US$ 42.95 million in 2021 and is expected to exhibit a CAGR of 4.3% between 2021 and 2028

What are the major factors driving the market growth?

Factors such as increasing product launches and applications and development of trypsin in medical devices are expected to drive growth of the market during forecast period.

Which is the leading product type segment in the market?

Kits segment is the leading product type segment in the market.

What are the key factors hampering growth of the market?

The major factors hampering growth of the market include trypsin’s autolysis property and incomplete digestion of trypsin.

Which are the major players operating in the market?

Major players operating in the market include Promega Corporation, Merck KgaA, Geno Technology Inc., USA, Thermo Fisher Scientific Inc., SignalChem Biotech Inc., Takara Bio Inc., Creative Enzymes, ProteoChem, Waters Corporation, Bioseutica, Bovogen Biologicals Pty Ltd., and BBI Solutions.