Biotech Ingredients Market Industry Share, and Regional Growth Analysis 2030

Description
According to the Market Statsville Group (MSG), the global biotech ingredient market was valued at USD 23,405.7 million in 2021 and is anticipated to generate USD 34,057.4 million by 2030. The market is projected to grow at a CAGR of 4.8% from 2022 to 2030. Biotech ingredients are experiencing high demand over the synthetic ingredients marking a huge shift in the consumer base. This is attributed to a rise in the awareness among consumers regarding the health benefits of organic and herbal medicines.

Furthermore, the use of generic medicines has also increased significantly. Current stress, lifestyles, and working habits have led to the various health disease concerns, which act as a driving factor for the generic medicines. An increase in the demand for generic medicines has also led to an increase in the shift toward biotech ingredients. Additionally, the rise in consumption in the food & beverages industry and various health supplements also drive the growth of the biotech ingredients market. However, the unavailability of raw materials is hampering the market growth of the biotech ingredients market.

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Global Biotech Ingredients Market Definition

Biotech ingredients are compounds that consist of components with essential oils, natural extracts, and bio-engineered substances. These compounds are found in plants, micro-organisms, animals, and any natural living organisms

Global Biotech Ingredients Market Dynamics
Drivers: Shift in consumer preference from synthetic to bio-based ingredients
Consumers are more aware of the basis of personal care items, herbs, and scented products and the process of their synthesis. There has been a notable rise in awareness related to the harmful effects of such products on self and the environment. This has led to a certain shift of consumption pattern from synthetic-based products to herbal and organic-based products. Such a shift significantly affects demand for biotech products, propelling the industry toward growth. Moreover, the rise in cases of chronic ailments such as cancer has also led to a shift in consumer trends toward natural as well as organic products.

Restraints: Limited availability of raw materials
The raw material used in production process of biotech ingredients is mainly expression systems, which are from mammals, microbes, insects, plants, or yeast. Microbial systems are easily and abundantly available, followed by plants. However, several restrictions on mammalian and insect expression systems limit growth in those segments. This leads to a scarcity of raw material, which further escalates production as well as the final cost of the product. Thus, the limited availability of raw materials restrains the market growth.

Opportunities: Favorable government policies and technological advancements in bio-engineering
Growth in acceptance of biopharmaceuticals is expected to create various opportunities to grow the biotech ingredient market. Governments have to offer policies that favor producers and bring down production costs. Moreover, the approval process for synthesized products is much easier as biotechnologically produced products require additional approvals for long periods. Hence, fast-track approval processes and favorable policies can open wide opportunities for market growth.

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Global Biotech Ingredients Market Segmentation
The study categorizes the biotech ingredients market based on type, product, and expression systems at the regional and global levels.

By Type Outlook (Sales, USD Million, 2017-2030)
Active Pharmaceutical Ingredients
Biosimilars
By Product Outlook (Sales, USD Million, 2017-2030)
Monoclonal Antibodies
Vaccines
Hormones and Growth Factors
Cytokines
Fusion Proteins
Therapeutic Enzymes
Blood Factors
By Expression Systems Outlook (Sales, USD Million, 2017-2030)
Mammalian Expression Systems
Microbial Expression Systems
Yeast Expression Systems
Plant Expression Systems
Insect Expression Systems
By Region Outlook (Sales, USD Million, 2017-2030)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
The Netherlands
Norway
Czech Republic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
The active pharmaceutical ingredients segment is projected to account for the largest market share, by type
By type, the global biotech ingredients market is classified into active pharmaceutical ingredients and biosimilars. In 2021, the active pharmaceutical ingredients segment accounted for the largest market share of 59.1% in the global biotech ingredients market. Active pharmaceutical ingredients (APIs) are substances or combinations of various substances used in final or finished products. They are intended to be used for pharmacology activities to study the adverse effects of a drug on living beings in case of many diseases.

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API form used in a formulation is often the most thermodynamically stable crystalline form. The quality of APIs exhibits a significant effect on the efficacy and safety of medications. Poorly manufactured, low quality, and compromised APIs may lead to serious issues such as illnesses or death. APIs are the most important content of any medication as they contain effective antibodies that induce the treatment process. Biotech ingredients are in demand for their organic nature, and thus, APIs made from natural sources are experiencing growth.

Asia Pacific accounts for the highest CAGR during the forecast period

Based on the regions, the global biotech ingredients market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR of 5.2% in the global biotech ingredients market during the forecast period. The Asia-Pacific biotech ingredients market is analyzed across China, Japan, India, Australia, South Korea, Sweden, and rest of Asia-Pacific. China is the dominant country in the region in terms of market share, followed by India. South Korea garners the lowest share in the market.

Asia-Pacific is a large producer of medicines, which drives demand for biotech ingredients. The rise in demand for biotech ingredients in medical, food & beverages, personal care, and cosmetics drives demand for biotech ingredients because they are organic and environment friendly.

Key Market Players in the Global Biotech Ingredients Market
The global biotech ingredients market is highly competitive with key industry players adopting various strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions.

Major players in the global biotech ingredients market are:

Abbvie
Eli Lilly and Company
AstraZeneca Plc.
Boehringer Ingelheim
Pfizer Inc.
Novartis International AG
Merck & Co.,
Teva Pharmaceutical Industries Ltd.
Mylan, Inc.
Sanofi
Key Issues Addressed
What is the market size by various segmentation of the biotech ingredients by region and its respective countries?
What are the customer buying behavior, key takeaways, and Porter's 5 forces of the biotech ingredients market?
What are the key opportunities and trends for manufacturers involved in the biotech ingredients supply chain?
What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
What and how regulations, schemes, patents, and policies are impacting the growth of the market?
What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
The market player positioning, top winning strategies by years, company product developments, and launches will be?
How has COVID-19 impacted the demand and sales of biotech ingredients in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.

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