Trypsin refers to digestive enzyme produced in pancreas and used for breaking the proteins present in diet into peptides for absorption and utilization. It plays a critical role in protein digestion. Trypsin has wide industrial applications in food processing and is used as meat tenderizer, pineapple enzyme, cucumber enzyme and other natural food ingredients.
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 key trends:
The growing preference for natural and clean label ingredients is driving the growth of trypsin market. Consumers are increasingly looking for natural food ingredients without any artificial additives and processing agents. Trypsin is a naturally occurring digestive enzyme and considered as a natural ingredient. Hence, food processors are widely replacing synthetic meat tenderizers and enzymes with trypsin. Further, clean label trend has intensified competition among food companies to showcase their products as natural and without harsh chemicals or artificial additives. This has augmented the demand for trypsin from meat processing and food industries.
SWOT Analysis
Strengths:
- Trypsin is widely used in pharmaceutical industry for digestion of proteins during protein extraction. This wide application leads to consistent demand.
- Trypsin extracted from porcine and bovine sources has high purity levels making it suitable for research and industrial applications.
Weaknesses:
- Supply of trypsin extracted from porcine and bovine sources can be impacted due to outbreak of diseases in livestock.
- Regulatory norms regarding use of animal derived products are becoming stricter over time increasing production challenges.
Opportunities:
- Cell-based meat industry is growing rapidly creating new demand for trypsin to digest scaffold proteins during tissue culture process.
- Plant-based and microbial-based production of trypsin can overcome issues related to animal-derived trypsin supply. This is an emerging opportunity area.
Threats:
- Presence of alternative enzymes such as chymotrypsin for some protein digestion applications can reduce trypsin demand.
- High purity requirements of applications increase production challenges and costs.
Key Takeaways
The Global Trypsin Market Share is expected to witness high growth. The market size is projected to reach US$ 86.35 Mn by 2030, expanding at a CAGR of 8.4% during the forecast period.
North America region is expected to maintain its dominance in the trypsin market during the forecast period. This can be attributed to significant consumption of trypsin in pharmaceutical and biotechnology industries in the region. The United States accounts for the largest share in the North America trypsin market due to presence of major pharmaceutical companies and expanding research facilities in the country.
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. Trypsin market players are involved in expanding their production facilities and exploring new sourcing options to gain leadership position in this highly competitive market. They are also focusing on new application areas such as cell-based meat industry to boost the product demand.
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