The global brewers peptone market is anticipated to grow at a CAGR of 3.6% during the forecast period (2022-2028). Brewer’s peptone is a water-soluble product that is formed by the partial hydrolysis of protein using various methods including boiling, steeping, or fermentation. It is considered a rich source of nitrogen and is used as microbiological ingredients for preparing microbiological media to use in different products of the pharmaceutical, food, and cosmetic industry. The major factor attributing to the growth of the global brewers peptone market is the increasing use of peptone in pharmaceutical products due to the growing pharmaceutical industry.
According to the Healthcare Industry Report published by the India Brand Equity Foundation (IBEF) in February 2022, Healthcare is the major sector of India in terms of revenue & employment. Healthcare includes medical devices, hospitals, clinical trials, telemedicine, medical tourism, outsourcing, and medical insurance. The Indian healthcare industry employs around 4.7 million people and is expected to reach around $349.1 billion by 2022. As per the Economic Survey of 2022, the public expenditure of India on healthcare is around 2.1 of the total GDP of India. Thus, increasing the use of peptone in medicines.
The use of peptone is also increasing in the preparation of several food products due to the growing food service industry. According to IBEF, in December 2021, the Indian food services industry is estimated to grow at a CAGR of 17%. The estimated size of the Indian food services industry is around $13.77 billion. Thus, propelling the growth of the global brewers peptone market.
Some major players in the market include Japan Natural Laboratories Co. Ltd., Japan Bio Products Co. Ltd., Charites Japan Inc., Carlsberg Group, and Molson Coors Beverage Co., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in March 2021, Peptone, a protein drug discovery and engineering tools focused molecular computation physics company under Novartis International AG collaborated with Nvidia. In this collaboration, Nvidia will install its Nvidia DGX A100 system on Peptone’s data center campus in Iceland to expand its AI-driven protein engineering system.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Japan Natural Laboratories Co. Ltd., Japan Bio Products Co. Ltd., Charites Japan Inc., Carlsberg Group, Molson Coors Beverage Co., among others.
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Global Brewers Peptone Market Report by Segment
By Type
- Food Grade
- Medical Grade
- Others
By Application
- Pharmaceutical
- Research Institution
- Food Industry
- Cosmetic Industry
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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