LAMEA Trypsin Market Size, Share & Trends Analysis Report By Source (Bovine, Porcine and Others), By Application, By End-Use (Industrial use, Research and Diagnostics), By Country and Growth Forecast, 2024 - 2031

Analysis of Market Size & Trends

The Latin America, Middle East and Africa Trypsin Market would witness market growth of 7.6% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Trypsin Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,434.1 Thousand by 2031. The Argentina market is showcasing a CAGR of 8.5% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 7.3% during (2024 - 2031).

The adoption of trypsin as a critical enzyme spans various industries and scientific disciplines, driven by its efficacy, reliability, and versatility. In the food industry, trypsin is employed in various processing techniques to improve food products' quality and sensory attributes.

Moreover, trypsin is a valuable tool for studying protein structure-function relationships and screening potential drug candidates in pharmaceutical research. Trypsin can generate peptide fragments for structure determination or high-throughput screening assays by selectively cleaving peptide bonds in target proteins.

With the growth of the food processing industry, there is significant investment in research and development. Brazilian food companies are likely to explore innovative uses of trypsin in creating new food products and improving existing ones. This drives the development and application of trypsin within the industry. As per the U.S. Department of Agriculture, Brazil’s food processing sector registered revenues of US$208 billion in 2022, an increase of 16.6 percent compared to 2021. The result represents 10.8 percent of the national GDP.

Free Valuable Insights: The Worldwide Trypsin Market is Projected to reach USD 130.1 Million by 2031, at a CAGR of 5.2%

Based on Source, the market is segmented into Bovine, Porcine and Others. Based on Application, the market is segmented into Biotechnology & Pharmaceutical Industry, Food Industry, Cosmetics & Personal Care, Waste Treatment and Others. Based on End-Use, the market is segmented into Industrial use, Research and Diagnostics. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

• Merck Millipore (Merck KGaA)
• Novozymes A/S (Novo Holdings A/S)
• Agilent Technologies, Inc.
• Thermo Fisher Scientific, Inc.
• Promega Corporation
• Takara Bio Inc. (Takara Holdings Inc.)
• Sartorius AG
• PromoCell GmbH
• Geno Technology, Inc.
• Bio-Rad Laboratories, Inc.

LAMEA Trypsin Market Report Segmentation

By Source

• Bovine
• Porcine
• Others

By Application

• Biotechnology & Pharmaceutical Industry
• Food Industry
• Cosmetics & Personal Care
• Waste Treatment
• Others

By End-use

• Industrial use
• Research
• Diagnostics

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA