Market Overview:
The global horseradish peroxidase (HRP) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for diagnostic reagents and research applications. Additionally, the growing awareness about health and hygiene is also propelling the growth of this market. However, stringent regulatory norms may restrain the growth of this market during the forecast period. On the basis of type, grade â…¢ held a major share in 2017 and is projected to grow at a CAGR of 6% from 2018 to 2030. This can be attributed to its high efficiency and better performance as compared with other grades. On the basis of application, diagnostic reagents accounted for majority share in 2017 and is projected grow at a CAGR 5% from 2018-2030 owing rising prevalence diseases across globe .Geographically, North America held dominant position in global horseradish peroxidase (HRP) Market In terms 2016 And Is Expected To Grow At A Highest Rate Over The Forecast Period .
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Product Definition:
A horseradish peroxidase (HRP) is an enzyme that catalyzes the oxidation of a variety of substrates by hydrogen peroxide. HRP is widely used in biochemistry and molecular biology laboratories as a detection agent for immunochemical assays, such as Western blotting.
Gradeâ… :
Grade A or Pure HRP is a highly pure form of the enzyme used for producing colorimetric assays and other biochemical reactions. It's major application includes detection of tyrosine, tryptophan, and phenylalanine in urine. The product also finds its use in monitoring the concentration of these amino acids during protein digestion for athletes as well as patients undergoing chemotherapy.
Grade â…¡:
The grade of HRP is the concentration of the enzyme in a solution. The higher the better, but it must be under 20 mg/L. Higher than this and it's not an HRP any more, but rather an expensive substrate for another reaction; lower than this and it's not a pure enough product to use as a substrate either.
HRP stands for horse radish peroxidase (sodium salt).
Application Insights:
On the basis of application, the global horseradish peroxidase (HRP) market has been segmented into diagnostics reagents, research, and other applications. Diagnostic reagents held the largest share in 2017 due to extensive usage as a diagnostic tool for various human diseases. The use of HRP for detection of cancer cells is expected to drive demand over the forecast period.
The presence of multiple tumor markers that are positively influenced by HRPerOxidation in vitro further supports its rising adoption as a reliable biomarker across different research studies related to cancer etiology and treatment monitoring. In addition, it finds wide application across R&D laboratories worldwide owing to its ability to specifically detect oxidation with high specificity and sensitivity at low concentrations which makes it suitable for on-site or point-of-care testing in clinical settings or laboratories where only minimal sample preparation is required (i.e., direct dilution).
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a well-established healthcare sector and increasing research activities. Moreover, growing demand for diagnostics products is expected to drive the regional market over the forecast period. Asia Pacific is expected to witness lucrative growth during the forecast period due to untapped opportunities in this region. The availability of skilled labor at low cost along with easy access to capital has attracted many foreign players in this region who are involved in various stages of development such as R&D, production, and marketing of HRP products.
The European market was valued at USD X million in 2017 and is anticipated grow significantly over the projected period owing to rising product demand from research applications segment mainly driven by biotechnology companies present across major countries including Germany, U K.
Growth Factors:
- Increasing demand for food and beverage products with better quality and longer shelf life is driving the growth of horseradish peroxidase market.
- Growing awareness about the benefits of horseradish peroxidase among consumers is propelling the growth of this market.
- Rising demand for natural food additives is fueling the growth of horseradish peroxidase market.
- Increasing research and development activities for new applications of horseradish peroxidase are providing opportunities to this market’s players.
- Growing popularity of enzyme-based therapies is expected to create potential opportunities for the growth of horseradish peroxidase market in near future
Scope Of The Report
Report Attributes
Report Details
Report Title
Horseradish Peroxidase (HRP) Market Research Report
By Type
GradeⅠ, Grade Ⅱ, Grade Ⅲ
By Application
Diagnostic Reagents, Research, Other
By Companies
TOYOBO, Merck Millipore, Thermo Fisher, BBI Solutions, Enzybel International, Creative Enzymes, Yacoo, Xueman, Worthington, Starbio, Scripps Laboratories
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Horseradish Peroxidase (HRP) Market Report Segments:
The global Horseradish Peroxidase (HRP) market is segmented on the basis of:
Types
GradeⅠ, Grade Ⅱ, Grade Ⅲ
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Diagnostic Reagents, Research, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TOYOBO
- Merck Millipore
- Thermo Fisher
- BBI Solutions
- Enzybel International
- Creative Enzymes
- Yacoo
- Xueman
- Worthington
- Starbio
- Scripps Laboratories
 Market Overview.svg)
Highlights of The Horseradish Peroxidase (HRP) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- GradeⅠ
- Grade Ⅱ
- Grade Ⅲ
- By Application:
- Diagnostic Reagents
- Research
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Horseradish Peroxidase (HRP) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Horseradish peroxidase (HRP) is an enzyme that catalyzes the oxidation of hydrogen peroxide to water and oxygen. This reaction is used in a variety of biological assays, including immunoassays.
Some of the major companies in the horseradish peroxidase (hrp) market are TOYOBO, Merck Millipore, Thermo Fisher, BBI Solutions, Enzybel International, Creative Enzymes, Yacoo, Xueman, Worthington, Starbio, Scripps Laboratories.
The horseradish peroxidase (hrp) market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Horseradish Peroxidase (HRP) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Horseradish Peroxidase (HRP) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Horseradish Peroxidase (HRP) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Horseradish Peroxidase (HRP) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Horseradish Peroxidase (HRP) Market Size & Forecast, 2020-2028
4.5.1 Horseradish Peroxidase (HRP) Market Size and Y-o-Y Growth
4.5.2 Horseradish Peroxidase (HRP) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 GradeⅠ
5.2.2 Grade Ⅱ
5.2.3 Grade Ⅲ
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Diagnostic Reagents
6.2.2 Research
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Horseradish Peroxidase (HRP) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Horseradish Peroxidase (HRP) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 GradeⅠ
9.6.2 Grade Ⅱ
9.6.3 Grade Ⅲ
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Diagnostic Reagents
9.10.2 Research
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 GradeⅠ
10.6.2 Grade Ⅱ
10.6.3 Grade Ⅲ
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Diagnostic Reagents
10.10.2 Research
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 GradeⅠ
11.6.2 Grade Ⅱ
11.6.3 Grade Ⅲ
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Diagnostic Reagents
11.10.2 Research
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 GradeⅠ
12.6.2 Grade Ⅱ
12.6.3 Grade Ⅲ
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Diagnostic Reagents
12.10.2 Research
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 GradeⅠ
13.6.2 Grade Ⅱ
13.6.3 Grade Ⅲ
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Diagnostic Reagents
13.10.2 Research
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Horseradish Peroxidase (HRP) Market: Competitive Dashboard
14.2 Global Horseradish Peroxidase (HRP) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TOYOBO
14.3.2 Merck Millipore
14.3.3 Thermo Fisher
14.3.4 BBI Solutions
14.3.5 Enzybel International
14.3.6 Creative Enzymes
14.3.7 Yacoo
14.3.8 Xueman
14.3.9 Worthington
14.3.10 Starbio
14.3.11 Scripps Laboratories
