PersistenceMarketResearch states that the global peptone market will witness a CAGR of more than 2% between 2020 and 2030.
Peptones are a wholesome source of amino acids, proteins, and peptides. Natural products like milk, microbial cultures or plants, or animal tissues undergo acid hydrolysis or enzymatic digestion to form peptones. The ongoing trend is such that GMO- and BSE-free peptones are being developed. Making use of plants as natural source not just eliminates risk of BSE, but does offer better opportunities for growth as well.
Amongst North America, LATAM, Europe, Asia-Pacific, and MEA, North America is a significant revenue generator. This could be credited to continuous exploration of peptone in several territories tried out by the organizations over here. The organizations are paying special heed to the deterioration microorganisms for securing their item quality. Europe stands second on this count. The Asia-Pacific is expected to grow at the fastest rate in the forecast period due to growing awareness regarding benefits of peptones.
The biotech industry is all set to take the peptone market by storm. The market is also witnessing an entry of new players/suppliers herein. Out of animal peptone, plant peptone, microbial peptone, plant peptone is preferred as the chances of side-effects are negligible. Amongst the application areas like pharmaceutical, research institutions, food industry, the research institutions are expected to be the major revenue generators in future, as innovations would be asked for with increase in demand. At present, pharmaceuticals are leading the market (with more than 30% of the market share), followed by the food industry. Dieticians do recommend the intake of peptones to suffice the balanced diet.
The key players in the peptone market include Kerry, Inc., Merck Millipore Ltd., Affymetrix Inc., BD Biosciences Systems & Reagents Inc., FrieslandCampina Domo, Biospringer S.A., Sigma-Aldrich Corporation, Thermo Fisher Scientific Inc., Global Bioingredients Inc., Solabia Group, and Hardy Diagnostics Inc.