Plant Peptone Market Trends and Forecast
The future of the global plant peptone market looks promising with opportunities in the pharmaceutical and food markets. The global plant peptone market is expected to grow with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are rising applications in the biopharmaceuticals & microbiological culture media and increasing focus on natural & plant-based ingredients in various industries.
• Lucintel forecasts that bean is expected to witness higher growth over the forecast period.
• Within this market, pharmaceutical is expected to witness higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Plant Peptone Market
• United States: Thermo Fisher Scientific announced the expansion of its peptone production capacity to meet the growing demand in the biopharmaceutical applications. The U.S. government has also set targets to boost biomanufacturing capabilities, supporting domestic production of critical components like plant peptone.
• Germany: Merck KGaA unveiled plans to invest €40 million in their Darmstadt facility to enhance the production of high-quality plant peptones for cell culture media. The German government’s “Bioeconomy Strategy 2030” emphasizes support for bio-based products, fostering innovation in this sector.
• India: HiMedia Laboratories announced a strategic partnership with local biotech firms to enhance the supply chain of plant peptones. The Indian government’s “Make in India” initiative is also promoting domestic manufacturing of biopharmaceutical components, including plant peptones.
• China: Beijing-based OPM Biosciences revealed a new state-of-the-art facility dedicated to the production of plant-based peptones, aiming to reduce reliance on imports. The Chinese government’s “Made in China 2025” plan includes significant investments in biotechnology and pharmaceuticals, driving growth in the plant peptone market.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Plant Peptone Market by Segment
The study includes a forecast for the global plant peptone market by type, application, and region.
Plant Peptone Market by Type [Value from 2018 to 2030]:
• Beans
• Wheat
• Others
Plant Peptone Market by Application [Value from 2018 to 2030]:
• Pharmaceutical
• Food
• Others
Plant Peptone Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Plant Peptone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies plant peptone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the plant peptone companies profiled in this report include-
• Titan Biotech
• Sigma-Aldrich
• Tekniscience
• Thermo Fisher Scientific
• Teknova
• Kerry
• Solabia
• Angel Yeast
• Friesland Campina Domo
• Lesaffre
Recent Development in the Plant Peptone Market
• Nu-Tek BioSciences, LLC: Nu-Tek BioSciences introduced the first animal-free peptone and protein hydrolysate manufacturing facility in Austin, U.S. This facility aims to address the growing demand for sustainable and ethical alternatives in biopharmaceutical manufacturing.
• Kerry Inc: Kerry Inc has been actively expanding its peptone product line to cater to the increasing demand in the biopharmaceutical and food industries. The company focuses on developing high-quality plant-based peptones to support sustainable production practices.
• Organotechnie: Organotechnie has invested significantly in research and development to enhance its peptone offerings. The company recently launched a new range of plant-based peptones specifically designed for high-yield microbial fermentation processes.
• Biotecnica: Biotecnica launched EndoLow peptones, a new line of low endotoxin peptones that do not require ultrafiltration. These next-generation peptones are developed for the production of medications, vaccines, and diagnostic products, addressing the need for high-purity ingredients in the biopharmaceutical industry.
• Neogen Corporation: Neogen Corporation acquired Abtek Biologicals Ltd. This acquisition aimed to expand NeogenÄX%$%Xs global microbiology business and enhance its portfolio of peptone products, thereby strengthening its market position.
Features of the Global Plant Peptone Market
Market Size Estimates: Plant peptone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Plant peptone market size by type, application, and region in terms of value ($B).
Regional Analysis: Plant peptone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the plant peptone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the plant peptone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for plant peptone market?
Answer: The global plant peptone market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the plant peptone market?
Answer: The major drivers for this market are rising applications in the biopharmaceuticals & microbiological culture media and increasing focus on natural & plant-based ingredients in various industries.
Q3. What are the major segments for plant peptone market?
Answer: The future of the plant peptone market looks promising with opportunities in the pharmaceutical and food markets.
Q4. Who are the key plant peptone market companies?
Answer: Some of the key plant peptone companies are as follows:
• Titan Biotech
• Sigma-Aldrich
• Tekniscience
• Thermo Fisher Scientific
• Teknova
• Kerry
• Solabia
• Angel Yeast
• Friesland Campina Domo
• Lesaffre
Q5. Which plant peptone market segment will be the largest in future?
Answer: Lucintel forecasts that bean is expected to witness higher growth over the forecast period.
Q6. In plant peptone market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the plant peptone market by type (beans, wheat, and others), application (pharmaceutical, food, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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