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Peptone Market to Reach USD 1,299 Million by 2034, Growing at a CAGR of 4.4% | Future Market Insights, Inc. [Yahoo! Finance]

Neogen Corporation (NEOG) 
Last neogen corporation earnings: 3/24 08:45 am Check Earnings Report
US:NASDAQ Investor Relations: neogen.com/en/investor-information
Company Research Source: Yahoo! Finance
Sales in the USA are projected to reach USD 298.5 million by 2034, with demand expected to grow at a CAGR of 4.1% during the forecast period. NEWARK, Del, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The global peptone market is projected to grow steadily, with sales estimated at USD 846.4 million in 2024 and expected to reach USD 1,299.0 million by 2034. This growth represents a compound annual growth rate (CAGR) of 4.4% over the forecast period from 2024 to 2034. The rising demand for peptones across biotechnology, biopharmaceuticals, and food industries is driving market expansion. Peptones' essential role in cell culture, microbial fermentation, and enzyme production, coupled with growing investments in sustainable and advanced production techniques, is anticipated to bolster market growth significantly. The global peptone market is experiencing steady growth, driven by its critical role in microbiological applications, biopharmaceutical production, and food industries. Peptones, derived Show less Read more
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