According to a new report published by K D Market Insights, titled, “Animal-Free (AF) Collagenase Market Insights, Trends, Opportunity & Forecast, 2023–2032,” the global animal-free (AF) collagenase market size is anticipated to witness moderate growth during the forecast period i.e., 2023-2032. The increasing demand for animal-free collagenase enzymes in various industries, such as pharmaceuticals, biotechnology, and regenerative medicine additionally, the rising adoption of animal-free alternatives and ethical considerations in research and development. Which are the major factors augmenting the growth of the global animal-free (AF) collagenase market. The global animal-free (AF) collagenase market is anticipated to grow at a high CAGR of 10.5% from 2023 to 2032. The market’s revenue surged to $663 million in 2022, and it is expected to further accelerate, reaching a notable $1.7 billion by 2032.
The increasing awareness and adoption of animal-free alternatives in various industries, including pharmaceuticals, biotechnology, and scientific research, are further expected to create ample growth opportunities for the global animal-free (AF) collagenase market during the forecast period i.e., 2023-2032. Moreover, technological advancements in enzyme production and purification processes have led to the development of highly efficient and pure AF collagenase enzymes, has propelled market expansion The increasing demand for AF collagenase in pharmaceutical, cosmetics, and food and beverage industries, is expected to contribute towards the market growth during the period.
The North America region accounted for the largest share in the global animal-free (AF) collagenase market in 2022. The region is further projected to continue dominating in the market during the forecast period. This can be attributed to the increasing adoption of animal-free alternatives and ethical considerations in research and medical practices.
According to product type, the neutral AF grade segment accounted for the largest market share in the animal-free (AF) collagenase market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.
The global animal-free (AF) collagenase market is segmented into product type, application and region. Based on product type, the market is bifurcated into neutral AF grade, AF-1 grade, others. Based on application, it is classified into medical industry, scientific research.
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The global animal-free (AF) collagenase market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).
Key Insights of Animal-Free (AF) Collagenase Market
- On the basis of product type, the neutral AF grade segment accounted for the largest market share in the animal-free (AF) collagenase market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.
- On the basis of region, North America accounted for the largest share in the global animal-free (AF) collagenase market in 2022. The region is further projected to continue dominating in the market during the forecast period.
- On the basis of region, Asia-Pacific is estimated to account for the second largest share in the market during the forecast period.
Some of the major animal-free (AF) collagenase companies profiled in the report include Worthington Biochemical Corporation, Roche Diagnostics, Nordmark Arzneimittel gmbh, Thermo Fisher Scientific, BBI Solutions, Megazyme, Biocatalysts, Creative Enzymes, Enzyme Development, Southernzyme.
