Throughout the projected period, the worldwide trypsin market is predicted to rise due to an increase in new introductions. Manufacturers are working on a trypsin (ColdZyme) oral spray to defend against COVID-19 and ordinary colds. The use of trypsin to treat common cold ailments will allow diverse market participants to diversify their product offering. The primary obstacles that are likely to stymie global trypsin growth, included are trypsin's autolysis characteristic and trypsin's partial digestion. Since trypsin is a protein, it can undergo autolysis or auto digesting, which is the process by which cells are destroyed by their own enzymatic action. Throughout the projected period, this is likely to impede growth in the worldwide trypsin market.
According to Coherent Market Insights, The global Trypsin Market is estimated to be valued at US$ 42.95 million in 2021 and is expected to exhibit a CAGR of 4.3% during the forecast period (2021-2028).
Key Competitors in the Trypsin Industry:
1. BBI Solutions
BBI Solutions manufactures raw materials and finished test technology platform for the diagnostics market. Headquartered in Crumlin, Caerphilly, United Kingdom. On Oct. 1, 2021 BBI Solutions (BBI) has announced the launch of a full range of molecular tag gold conjugates. Developed using BBI's 40nm gold colloid under their ISO13485 certification, the new range incorporates antibodies against the most commonly used primer tags. The company was founded in 1986.
2. Promega Corporation
Promega Corporation is a leader in providing innovative solutions and technical support to the life sciences industry. The company’s portfolio of over 4,000 products support a range of life science work across areas such as cell biology; DNA, RNA and protein analysis; drug development; human identification and molecular diagnostics. Promega is headquartered in Madison, WI, USA. On March 29, 2022 a newly announced post-doctoral research program launched by Promega with mentoring support from AstraZeneca. The program gives researchers the unique opportunity to work on groundbreaking projects in an emerging field while collaborating with scientists at a global pharmaceutical company and a manufacturer of life science research tools. The company was founded in 1978.
3. Merck KGaA
Founded in 1668 in Darmstadt, Merck KGaA of Darmstadt, Germany, is the world's oldest pharmaceutical and chemical company. Merck KGaA operates mainly in Europe, Africa, Asia, Oceania and Latin America. Since Merck & Co. holds the rights to the Merck name in the U.S. and Canada, the company operated under the umbrella brand EMD Chemicals in North America, and since 2010 as EMD Millipore (after the acquisition of Millipore Corporation), formed from the initials of Emanuel Merck, Darmstadt.
4. Genovis AB
Genovis AB (publ.) designs, develops, and sells tools for development of drugs for customers in the pharmaceutical and medical device industries. It serves pharmaceutical and biotech, contract research, and contract manufacturing companies in Sweden, Europe, North America, and Asia. The company has a collaboration with Waters Corporation. Genovis AB (publ.) was founded in 1999 and is based in Lund, Sweden. On June 2022, Unilever and Genomatica (Geno), have launched a venture to scale and commercialise alternatives to palm oil and fossil fuel-derived cleansing ingredients. These are integral to the formulations of thousands of everyday cleaning and personal care products.
5. Thermo Fisher Scientific Inc.
Thermo Fisher Scientific Inc. provides life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services in the United States and internationally. Thermo Fisher Scientific Inc. was founded in 1956 and is headquartered in Waltham, Massachusetts.on Dec. 8, 2021 Thermo Fisher Scientific Inc announced that it has completed its acquisition of PPD, Inc., a leading global provider of clinical research services to the biopharma and biotech industry, for $17.4 billion.
6. Takara Bio Inc
Takara Bio Inc., together with its subsidiaries, engages in bioindustry, contract development and manufacturing organization (CDMO), and gene therapy businesses in Japan, China, rest of Asia, the United States, Europe, and internationally. The company was incorporated in 2002 and is based in Kusatsu, Japan. Takara Bio Inc. is a subsidiary of Takara Holdings Inc. on January 18, 2017 Takara Bio USA Holdings, Inc. announced that it has completed the acquisition of Rubicon Genomics, Inc. ("Rubicon"). Rubicon has become a wholly-owned subsidiary of TBUSH.
7. Creative Enzymes
Creative Enzymes provides a variety of medical enzymes and industrial enzymes and Native Enzymes and related services. Headquartered in China, Kagoshima, Japan. The company was founded in 2011. On June 2022, Creative Enzymes recently announced the launch of Horseradish Peroxidase for research and industrial production.
8. Proteome Sciences plc
Proteome Sciences plc provides contract research services for the identification, validation, and application of protein biomarkers in the United States, the United Kingdom, and European Union. The company was incorporated in 1993 and is based in Cobham, the United Kingdom.
9. Waters Corporation
Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA. Waters Corporation was founded in 1958 and is headquartered in Milford, Massachusetts. On Feb 2023, Waters Corporation (NYSE:WAT) today announced it has entered into an agreement to acquire Wyatt Technology, a pioneer in innovative light scattering and field-flow fractionation instruments, software, accessories, and services, for $1.36 billion in cash, subject to certain adjustments.
10. Bioseutica
Bioseutica is a world-leading ingredient company whose natural proteins and enzymes are innovative and selected as the first choice for food, feed and pharma sectors. Bioseutica aims to become a world market leader catalyzing responsible development of natural high-quality proteins and enzymes. The company is headquartered in Netherlands, founded in 1947.
11. Bovogen Biologicals
Bovogen Biologicals is a global manufacturer of specialised biological ingredients for the biopharmaceutical sector. The company was headquartered in Keilor, Victoria, Australia. Founded in 2001.
*Definition-Trypsin is a pancreatic enzyme that aids in protein digestion. In the small intestine, trypsin degrades proteins. It's also known as a proteolytic enzyme or a proteinase. The pancreas produces trypsin in the inactive form trypsinogen, which is transformed to the active form trypsin when it enters the small intestine.
