Press release
Protein Analyzer Global Market Growth Opportunities, Emerging Trends, Industry Analysis And Global Forecast 2024 To 2033
Protein Analyzer Global Market
According to The Business Research Company's, The protein analyzer market size has grown strongly in recent years. It will grow from $3.15 billion in 2023 to $3.41 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to risen demand for high-quality imaging, growth in healthcare industry, consumer electronics boom, automotive applications, photography and videography trends.
The protein analyzer market size is expected to see strong growth in the next few years. It will grow to $4.69 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to rapid expansion of augmented reality (ar) and virtual reality (vr), continued innovation in imaging technologies, automotive industry evolution, growing importance of lidar technology, expanding applications in industrial and scientific instruments. Major trends in the forecast period include precision manufacturing techniques, rise in 3d sensing technology, optical systems in aerospace and defense, development of lightweight and compact optics, customization and specialty lens designs.
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Market Drivers and Trends:
The rise in demand for protein-rich foods is expected to propel the growth of the protein analyzers market going forward. Protein-rich foods include dairy products, seeds and nuts, meat and beef, and foods that include significant amounts of protein, which is a necessary ingredient for the human body. Protein analyzers are most commonly found in restaurants and beverage labs, where they are used to determine the nutritional value and protein content of meat, milk, eggs, and other foods. For instance, in 2021, according to the Food and Agriculture Organization, a US-based intergovernmental organization, world meat output is expected to stay constant in 2020 at 328 metric tons, with total poultry meat production anticipated at 134 metric tons, up 1.2% from previous year. Therefore, the rise in demand for protein-rich foods is driving the growth of the protein analyzer market.
Product innovations are the key trend gaining popularity in the protein analyzers market. Major companies involved in the protein analyzers market are focused on innovating new products to improve their observation power and sustain their position in the market. For instance, in September 2021, PerkinElmer, a US-based company that provides testing laboratories, launched its IndiScope FTIR raw milk analyzer. The device, which has a touchscreen interface, requires less training and helps eliminate errors made by humans. The solution's workflow complies with ISO, IDF, and AOAC guidelines to ensure reliability, and data can be saved through built-in USB ports or transferred to a PC (personal computer). This analyzer is intended to assist milk collecting stations in performing quick and accurate analysis to assess fair market value and ensure customers' safe raw milk supply chain. It can test milk for protein and fat content in 30 seconds and detect impurities, including water, maltodextrin, and urea.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
VELP Scientifica Srl; Elementar Analysensysteme GmbH; C. Gerhardt GmbH & Co. KG; CEM Corporation; Goldsite Diagnostics Incorporation; Meril Life Sciences Pvt. Ltd.; Perlong Medical Equipment Co. Ltd.; Agappe Diagnostics Pvt. Ltd.; Agilent Technologies Incorporation; GE HealthCare Technologies Inc.; Hycel Handelsgeselschaft m.b.H.; LECO Corporation; PerkinElmer Inc.; Shenzhen Genius Electronics Co. Ltd.; Shimadzu Corporation; Thermo Fisher Scientific Inc.; Keurig Dr Pepper Inc.; Panasonic Holdings Corporation; De'Longhi S.p.A.; Koninklijke Philips N.V.; Hamilton Beach; Archer Daniels Midland Company; Darling Ingredients Inc.; Glanbia PLC; International Flavors & Fragrances Inc.; Kerry Group PLC; The Agropur Dairy Cooperative; Ajinomoto Co. Inc.; Südzucker Group; Arla Foods amba; Bunge Limited; CHS Inc.
Protein Analyzer Market 2024 Key Insights:
• The protein analyzer market will grow to $4.69 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
• Increasing Demand For Protein-Rich Foods Drives Expansion In The Protein Analyzers Market
• Product Innovations Take Center Stage In The Protein Analyzers Market
• North America was the largest region in the protein analyzers market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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