Press release
Biotech Ingredients Market Sales Revenue to Touch $75.3 Million By 2028 | Major Companies, Strategies and New Trends
Biotech Ingredients Market
Drivers, restraints, and opportunities-
Increase in consumer preference from synthetic to bio-based ingredients and development in biotechnology propel the growth of the global biotech ingredients market. On the other hand, limited availability of raw materials impedes the growth to some extent. Nevertheless, favorable government policies and technological advancements in bio-engineering are anticipated to pave the way for lucrative opportunities in the future.
Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/11710
COVID-19 scenario-
The outbreak of COVID-19 led to either closure or suspension of production activities in most industrial units across the world, thereby hampering the global biotech ingredients market.
However, government bodies in different countries have come up with relaxed dictums, which is expected to ameliorate the global situation and market is projected to recoup soon.
The Active Pharmaceutical Ingredients (APIs) segment to retain its dominance by 2028-
Based on type, the Active Pharmaceutical Ingredients (APIs) segment accounted for nearly three-fifths of the total market share in 2020 and is expected to rule the roost by the end of 2028, due to increased use of generic medicines, especially herbal immunity boosters, in the wake of pandemic. The biosimilars segment, on the other hand, would exhibit the fastest CAGR of 5.0% during the forecast period. This is attributed to the fact that they are used abundantly as both finished as well as raw materials for many generic and specific medicines.
๐๐จ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ https://www.alliedmarketresearch.com/purchase-enquiry/A11345
The monoclonal antibodies segment to rule the roost-
Based on product, the monoclonal antibodies segment contributed to more than one-fifth of the total market revenue in 2020 and is expected to dominate by 2028, due to growing demand for organic and herbal medicines for various diseases. However, the hormones and growth factors segment would cite the fastest CAGR of 5.5% during from 2021 to 2028, owing to increasing health and hormonal problems that arise from the contemporary lifestyle.
Europe, followed by Asia-Pacific and North America, had the major share in 2020-
Based on region, Europe held the major share in 2020, garnering nearly two-fifths of the global market, This is attributed to huge consumer base and favorable support from several government bodies in the province. At the same time, the market across Asia-Pacific would register the fastest CAGR of 5.2% from 2021 to 2028. The other regions studied in the report include LAMEA and North America
Interested in Procuring This Report? Visit Here: https://www.alliedmarketresearch.com/biotech-ingredients-market/purchase-options
Frontrunners in the industry-
Novartis International AG
AstraZeneca plc.
Pfizer Inc.
Merck & Co.
Mylan, Inc.
Boehringer Ingelheim
Sanofi
AbbVie
Eli Lilly and Company
Teva Pharmaceutical Industries Ltd.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ
Green Coatings Market
https://www.alliedmarketresearch.com/green-coatings-market
Anti-foaming agent market
https://www.alliedmarketresearch.com/anti-foaming-agent-market
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Biotech Ingredients Market Sales Revenue to Touch $75.3 Million By 2028 | Major Companies, Strategies and New Trends here
News-ID: 3430285 • Views: โฆ
More Releases from allied market research
Artificial Intelligence Chip Market Share to Reach $460.9 Billion by 2034
The global artificial intelligence chip market witnessed remarkable growth in 2024, driven by rapid advancements in AI applications across industries such as automotive, healthcare, finance, and manufacturing. With rising demand for high-performance, energy-efficient chips to power edge and cloud AI workloads, major players are investing in next-gen technologies like SoC, chiplets, and 3nm fabrication. As AI adoption accelerates globally, the market is poised for sustained expansion, with Asia-Pacific emerging asโฆ
GaN Power Device Market Size to Reach $12,849.3 Million by 2033
The GaN power device market is propelled by rise in demand for energy-efficient solutions in various applications, including electric vehicles and renewable energy systems. However, high manufacturing costs and technical complexities pose challenges for the widespread adoption of GaN power devices. Advancements in technology, leading to lower production costs and improved performance offer opportunities for market growth. In addition, growing investment in green technologies and electric mobility drives the growthโฆ
Gallium-Oxide Power Devices Market Expected to Reach $86.9 Million by 2033
The gallium oxide power device market share is expected to witness considerable growth in coming years, owing to the owing to the material's superior properties, such as higher breakdown voltage and improved thermal performance compared to traditional semiconductors like silicon and even newer materials like silicon carbide (SiC) and gallium nitride (GaN). These advantages make Ga2O3 ideal for high-power applications in electric vehicles (EVs), renewable energy systems, and industrial equipment.โฆ
Homeland Security Market Share to Reach $18439.8 Billion by 2033
By type, the border security segment dominated the global market in 2023, in terms of revenue, and is expected to lead the market throughout the forecast period. By technology, the recognition and surveillance segment accounted for a dominant market share in 2023. Based on end user, the public sector segment accounted for a dominant market share in 2023. Region wise, the North America region is the highest revenue contributor inโฆ
More Releases for Ingredients
Europe Functional Food Ingredients Market Trends: Probiotics & Plant-Based Ingre โฆ
Europe Functional Food Ingredients Market reached US$ 830 million in 2024 and is expected to reach US$ 1,273 million by 2032, growing with a CAGR of 5.5% during the forecast period 2025-2032.
The Europe Functional Food Ingredients Market receives exhaustive analysis from DataM Intelligence, delivering stakeholders essential market data, emerging industry patterns, and strategic business intelligence. This in-depth research explores the competitive landscape in detail, evaluating market leaders across multiple dimensionsโฆ
Mineral Salt Ingredients Market Poised for Growth,The Essential Ingredients
Mineral Salt Ingredients Market to reach over USD 19.26 billion by the year 2031 - Exclusive Report by InsightAce Analytic
"Mineral Salt Ingredients Market" in terms of revenue was estimated to be worth $11.31 billion in 2023 and is poised to reach $19.26 billion by 2031, growing at a CAGR of 7.11% from 2023 to 2031 according to a new report by InsightAce Analytic.
Get Free Sample Report @ https://www.insightaceanalytic.com/request-sample/1537
Latestโฆ
Dairy Ingredients Market Is Booming Worldwide | Agropur, Arla Foods Ingredients โฆ
The Thinking caps published a report on the Global Dairy Ingredients market, which provide an accurate market overview of the market with estimated numbers for the forecast period (2023-2028) along with the base year and historical year. In addition to this, the report also includes the market opportunities for each segment, sub-segment, and region. To derive the market size and other parameters such as export and import, political factors, policiesโฆ
Global Dairy Protein Ingredients Market Key Player โ Westland Milk Products, L โฆ
Global Dairy Protein Ingredients Market research report has been prepared with a nice combination of industry insight, smart solutions, practical solutions and newest technology to give better user experience. Under market segmentation chapter, research and analysis is done based on several market and industry segments such as application, vertical, deployment model, end user, and geography. To perform this market research study, competent and advanced tools and techniques have been utilizedโฆ
Global Bulk Food Ingredients Market Demand 2020 - EHL Ingredients, Archer Daniel โฆ
The โBulk Food Ingredients Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016โ2024โ A fundamental outline of the Bulk Food Ingredients niche is presented by the Bulk Food Ingredients report that entails definitions, classifications, applications together with industry chain framework. The Bulk Food Ingredients report provides a far-reaching evaluation of necessary market dynamics and the latest trends. It also highlights the regional market, the prominent market players, asโฆ
Meat Glue Market | Key Players are Ajinomoto, Modernist Pantry, Special Ingredie โฆ
Meat glue or transglutaminase is an enzyme, which is used to glue or crosslink small pieces of fish, meat or meat products to large pieces. It is used in meat products to act as a binder or improve texture. It can be used in shaping and binding protein foods together to make innovative food recipes, help in portion control while cooking and reduce wastage, thickening egg yolks, dairy products, strengtheningโฆ
