Global Biotech Ingredients Market Report, Ongoing Trends, Growth Factors, Negative Factors, Opportunities, Untapped Markets, Strategies and Developments, Product Segments, and Forecast 2020 – 2029
"Global Biotech Ingredients Market Trends, Analysis, Products, Applications, Growth Rate, and Market Size and Forecast till 2029” is an upcoming report created and offered by MarketResearch.biz research team. The report focuses on drivers, challenges, opportunities and ongoing trends. In addition, the report includes revenues for each of the segments, and regions, along with company profiles of prominent players. The global biotech ingredients market report is segmented on basis of type, product, expression system, and region.
Global Biotech Ingredients Market: Overview
Biotech ingredients are large and complex chemical mixtures which are structurally identical to compounds found in natural organisms, found in animal, microbial, and botanical biological sources. These ingredients are manufactured by using biotechnological methods of complex nature such as hybridoma technology, genetic engineering, and others. Owing to consumer awareness regarding the ill effects of artificial ingredients has been forced manufacturers to shift focus on natural products rather that artificial products.
Global Biotech Ingredients Market: Dynamics
Increasing prevalence of cancer and rising geriatric population are factors expected to drive growth of the target market over long run. Further, the global biotech ingredients market growth is driven by the continually increasing consumer's perception towards organic food products. High initial set-up costs, and stringent environmental regulations to stop exploitation of land are some factors anticipated to hamper growth of the global biotech ingredient market. In addition, limited availability of raw material owing to changeable weather conditions during crop season can cause significant difficulties in production of these natural ingredient also considered as a restraining factor for the market growth.
Technological advancements related to next-generation antibody therapies, and monoclonal antibodies including antibody-drug conjugates by key players are factors projected to further create revenue growth opportunities for players functioning in the global biotech ingredients market.
Constant R&D activities by major players and development of modern techniques in order to integrate biotech ingredients in cosmetic products by using cell biology is a major factor projected to result in higher demand and adoption of these products as an ingredient in cosmetics.
Global Biotech Ingredients Market: Segment Analysis
The innovative biotech APIs (Active Pharmaceutical Ingredients) segment is expected to record higher revenue share as compared to the other type segment.
Among the product segments, the monoclonal antibodies segment is projected to record major share in terms of revenue in the global biotech ingredients market, owing to high adoption of monoclonal antibodies are treatment of diseases such as infections, cancer, etc.
By Expression System:
Among the expression system segments, the yeast segment is expected to account for highest share in term of revenue in the global biotech ingredients market.
Global Biotech Ingredients Market: Region Analysis
The Europe market is expected to account for significantly high revenue share in the global market, and register moderately high growth rate in terms of revenue over the next 10 years, due to higher adoption of biotech ingredients for application in beauty care products and aromas. In addition, increasing capacities of bio-based chemicals production units using investments made by major players is projected to further drive growth of the biotech ingredients market in Europe. The North America market is estimated to dominate in terms of revenue in the target market, as government regulations are in favor of biotech ingredients. Moreover, increasing research & development activities to develop innovative bio-based products is another factor driving growth of the North America market.
Novozymes SA, which is a Europe-based biotechnology company developed a method specifically for manufacturing hyaluronic acid with the help of microbial fermentation process. This product was particularly formulated to be used in various skincare products including lotions and creams.
Evolva SA, and International Flavors and Fragrances, Inc. recently made strategic movement for business expansion and to expand market footprint by setting up new facilities and strengthening distribution network.
Global Biotech Ingredients Market Segmentation
Segmentation by Type:
- Innovative Biotech APIs
- Generic biotech APIs/ Biosimilars
Segmentation by Product:
- Monoclonal Antibodies
- Hormones and Growth Factors
- Fusion Proteins
- Therapeutic Enzymes
- Blood Factors
Segmentation by Expression System:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Novartis International AG
- AbbVie Inc.
- Boehringer Ingelheim
- Bristol-Myers Squibb
- Eli Lilly and Company
- Glaxosmithkline plc
- Merck & Co.
- Pfizer Inc.
- Sanofi S.A
- Teva Pharmaceutical Industries Ltd.
- AstraZeneca plc
- Bristol-Myers Squibb
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