July 20, 2024
Trypsin Market

Trypsin is Estimated to Witness High Growth Owing to Rising Demand from Biopharmaceutical Industry

Trypsin is a protease enzyme that breaks down proteins and is widely used in life sciences research and industrial applications. It has applications in biopharmaceutical production where it is utilized for cells dissociation and re-suspension during culturing and downstream processing. Trypsin helps in separation of cells from the culture surface without damaging the cell membrane or intracellular components.

The global trypsin market is estimated to be valued at US$ 46.72 Million in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
The rising demand from the biopharmaceutical industry is one of the major drivers for the growth of trypsin market over the forecast period. Growing focus on biopharmaceutical production and increasing adoption of cell-based therapies are expected to spur the demand for trypsin. According to World Health Organization, cancer burden is expected to grow to 27 million new cancer cases per year by 2040. Advancements in immunotherapy and cell-based cancer treatment augments the need for biomanufacturing facilities and contract manufacturing organizations (CMOs), thereby propelling the market growth of trypsin. However, stringent regulations pertaining to use of animal-derived products and alternatives for trypsin may restrain the market growth.

SWOT Analysis

Strength: Trypsin has various health benefits such as it helps in digestion, provides relief from joint pain and reduces inflammation. It also helps in weight management and fat loss. Trypsin is easily available through online retailers and medical stores.

Weakness: Overconsumption of trypsin supplements can lead to indigestion, nausea and stomach upset in some individuals. Raw pancreatic enzymes like trypsin may interfere with prescription medications if not taken as recommended.

Opportunity: Growth of nutraceuticals and dietary supplements industry offers opportunities for trypsin market. Rising health consciousness among people for preventive healthcare with enzyme supplements will drive the market. Increasing cases of digestive issues also creates demand for trypsin.

Threats: Strict regulations regarding enzymes supplements by regulatory authorities can hamper the growth. Availability of alternative digestive enzymes is a challenge for trypsin market. Misleading information and false claims regarding the benefits of trypsin can negatively impact the market.

Key Takeaways

The Global Trypsin Market Share is expected to witness high growth over the forecast period of 2023 to 2030. Rising awareness about benefits of enzymes in maintaining good digestive health will propel the demand for trypsin. Problems related to digestion are common nowadays due to fast lifestyle and food habits which presents growth opportunities for trypsin producers.

Regional analysis indicates that North America region currently dominates the global trypsin market owing to heightened health consciousness and spending on alternative medicine and supplements. Asia Pacific region is anticipated to grow at fastest pace in coming years attributed to burgeoning nutraceuticals industry in China, Japan and India.

Key players operating in the trypsin market are De Monchy Aromatics Limited, AOS Products Private Limited, TriVita, Inc., Edens Garden Inc., Prime Natural Beauty, and Phyto Life Sciences P. Ltd. These companies are leveraging opportunities of expanding market by investing in research and development for product innovation. They are also adopting marketing strategies like online promotions through social media platforms and celebrity endorsements to increase consumer awareness.

Note:
Source: Coherent Market Insights, Public sources, Desk research
We have leveraged AI tools to mine information and compile it