Global sales of pepsin will exceed revenues of US$ 3.9 Bn in 2027. The market is poised for a steady growth outlook over the forecast period (2019-2027). Consumption of pepsin in protein supplements and digestive drugs is predominantly driving the sales. Pharmaceutical and food industries will continue to ascertain the growth of pepsin market, reveals Fact.MR in its new study.
“Use of pepsin as a food additive has gained traction, thereby generating significant demand from the food processing sector. Increasingly being favored by manufacturers to process gelatin and soy protein, pepsin continues to be a preferred substitute for rennin in cheese production as well,” concludes the Fact.MR report.
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Pepsin Market – Key Takeaways
Pepsin Market – Key Driving Factors
Pepsin Market – Key Constraints
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The global pepsin market is highly fragmented. The leading players profiled in the report include, but are not limited to, Enzymology Research Center, Deyang Sinozyme, BIOZYM, Biolaxi Corporation, and Chongqing Jingkang Biotechnology. The key forte of market leaders is diverse product portfolio with pepsin production catering to various industries such as food and pharmaceuticals. Key players are channeling their efforts in maintaining competitive cost while offering broad range of pepsin variants. Asia Pacific except Japan will be the key regional focus of market players, as indicated by the Fact.MR report.
About the Report
This 170-page study offers readers with comprehensive market forecast on the pepsin market. Global, regional and country level analysis of the latest industry trends impacting the pepsin market are covered in this Fact.MR study. The report offers compelling insights on pepsin market on the basis of product form (liquid, powder), end-use sector (food and feed, industrial, pharmaceuticals), grade type (1:15,000, 1:10,000, 1:3,000) across seven regions (Asia Pacific Except Japan, Middle East & Africa, Japan, Europe, Latin America, North America).
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