How big is the Horseradish Peroxidase Market | Market Size and Trends 2025

Q: What is the current size of the horseradish peroxidase market?

The horseradish peroxidase market was valued at USD 0.34 million in 2024 and is projected to reach USD 0.5 million by 2031.

Q: What is the growth rate of the horseradish peroxidase market?

It is expected to grow at a CAGR of 5.70% during 2025–2031.

Q: Which industries are major users of horseradish peroxidase?

Pharmaceuticals, diagnostics (ELISA), biotechnology, and academic research.

Q: What technologies are shaping the horseradish peroxidase market?

Recombinant HRP production, nanoparticle integration, biosensors, and microfluidic platforms.

Q: What is driving demand in the horseradish peroxidase market?

Rise in immunoassays, demand for precision diagnostics, and growth in biotech R&D.

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Code: MTA6216

Publication Date: Jul 2025

How big is the Horseradish Peroxidase Market?

According to 6Wresearch internal database and industry insights, the Global Horseradish Peroxidase Market was valued at USD 0.34 Billion in 2024 and is projected to reach USD 0.5 Billion by 2031, growing at a compound annual growth rate (CAGR) of 5.70% during the forecast period (2025–2031).

The market is witnessing rising demand due to increased use in diagnostics, ELISA kits, biotechnology, and molecular biology research.

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Key Growth Drivers of the Horseradish Peroxidase Market

Increased usage in ELISA and immunoassays
Growth in biotechnology and diagnostics research
Rising demand for biosensors and labeling techniques
Advancements in precision diagnostics
Expansion of R&D across pharma and academic sectors

Horseradish Peroxidase Market Trends

The horseradish peroxidase market is experiencing rapid adoption of recombinant horseradish peroxidase (rHRP) for high-sensitivity diagnostic kits and laboratory testing. There is growing integration of HRP in nanoparticle-based detection systems and microfluidic platforms. Labs are shifting to custom HRP conjugates to improve assay precision and detection efficiency. Additionally, HRP-based biosensors are becoming more prevalent for real-time disease monitoring and environmental applications.

Emerging Developments in the Horseradish Peroxidase Market

The most recent technology is aimed at producing horseradish peroxidase recombinantly (more stable, high yield, and enzyme capacity). New HRP variants adapted toward next-gen diagnostics and uses in industry are being made possible through enzyme engineering. Research organizations and startups are trying HRP nanoparticle hybrids with high-throughput testing platforms. Moreover, the academic organizations in partnership with biotech organizations are facilitating faster invention of sustainable expression systems to maintain large-scale production.