Global Peptone Market to Grow at a CAGR of 4.8% During 2024-2032, Aided by the Growing Research and Development Activities

The Asia Pacific is expected to witness a robust growth as many companies in emerging nations such as India are working towards the production and export of peptones used for the growth of micro-organisms. The rising investments in R&D activities to satisfy the growing market of the culture medium is driving the growth of the regional industry. In developed regions like the United States, the stringent government regulations are pushing manufacturers to produce improved and safe products. The demand for testing samples is high in the region, thereby driving the demand for media culture. The buffered peptone water has received approval and is recommended by the U. S. Department of Agriculture Food Safety and Inspection Services to be used for the collection of microbiological samples.

The growing investments by the manufacturers to develop TSE- and GMO-free peptones are further driving the growth of the industry. For instance, bioMérieux SA launched two dehydrated peptone medias for bacteria detection, which are TSE (transmissible spongiform encephalopathies) free, to fulfill the rising demand for animal-free materials owing to safety concerns. Thermo Fisher Scientific Inc. (NYSE: TMO), a world leader in serving science, provides alternatives to meat-based peptones under its brand VeggietonesTM, which includes a range of highly nutritious peptones that are free from animal-derived components (ADC) and genetically modified organisms (GMO). Such developments are expected to positively aid the growth of the peptone industry over the forecast period.

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Market Breakup by Source, Application, and Region:

• On the basis of source, the industry can be divided into plant, animal, and microbial, among others.

• Based on application, the industry is divided into pharmaceuticals, food, cosmetics, and research, among others.

• Region-wise, the global market for peptone can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The industry is being driven by the growth of the pharmaceuticals sector and the advancements in biotechnology. 

• The growing food and cosmetics industry are further propelling the market growth. 

• The industry will receive further impetus with the growing research and development activities and rapid technological advancements. 

• The new product launches and growing health-related concerns are accelerating the growth of the industry.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for peptone for the periods (2018-2023) and (2024-2032). 

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the sources, applications, and regional markets of peptone.

• The report also gives the regional historical (2018-2023) and forecast (2024-2032) price trends of the product.

• As assessment of the trade data of the major exporting and importing countries by value and volume has been provided within the report as well.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global peptone market are Kerry, Inc., Solabia Group, Global BioIngredients Inc., Titan Biotech limited, Biotecnica, and SUBONEYO Chemicals Pharmaceuticals P Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.