Global Biotech Ingredients Industry Report | R&D Investments & Emerging Applications To 2031

Market Size and Growth

As per DataM Intelligence Experts Research Report Global Biotech Ingredients Market reached USD 56.6 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 86.0 billion by 2031. The global biotech ingredients market is expected to exhibit a CAGR of 5.5% during the forecast period (2024-2031).

Biotech Ingredients Market report, published by DataM Intelligence has released its latest in-depth analysis on the global Biotech Ingredients Market, delivering a detailed overview of regional growth patterns, market segmentation, CAGR, and financial performance among leading industry players. The report offers readers a clear snapshot of the current market value and volume, alongside an exploration of emerging opportunities and ongoing developments. By shining a spotlight on key market drivers and highlighting the evolving industry landscape, the report equips businesses and stakeholders with strategic insights to identify new growth avenues and navigate future market dynamics confidently.

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Biotech Ingredients refer to substances produced using biotechnology processes such as fermentation, cell culture, or genetic engineering. These ingredients are commonly used in pharmaceuticals, cosmetics, food, and personal care products to enhance efficacy, sustainability, and performance. Examples include biosynthetic vitamins, enzymes, probiotics, and lab-grown active compounds.

Key Players:

Mylan, Inc.
Pfizer, Inc.
Novartis AG
Sigma-Aldrich (Merck KGaA)
Bristol-Myers Squibb Company
Sanofi
Teva
AstraZeneca
BD
AbbVie Inc.

Key Development:

May 2023: Willow Biosciences Inc. entered a Master Services Agreement with a biotech firm focused on age-related disorders. The partnership aims to develop targeted fermentation processes for producing compounds used in nutritional supplements and active pharmaceutical ingredients (APIs), promoting health and wellness.

April 2023: Solvay partnered with Ginkgo Bioworks to co-develop sustainable biopolymers for applications in food, agriculture, and personal care. As part of the deal, Solvay also acquired Ginkgo's Cambridge, Massachusetts facility to strengthen its R&D capabilities.

February 2023: Grøntvedt Biotech launched CETO3, a new ingredient containing cetoleic acid (omega-11) and omega-3s. Derived from Norwegian herring, CETO3 enhances the conversion of ALA into EPA and DHA, supporting cardiovascular and skin health.

Growth Forecast Projected:

The Global Biotech Ingredients Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Biotech Ingredients Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Type: (Innovative Biotech APIs, Generic biotech APIs/ Biosimilar)

By Product: (Monoclonal Antibodies, Vaccines, Cytokines, Fusion Proteins, Therapeutic Enzymes, Hormones and Growth Factors, Blood Factors, Others)

By Expression System: (Microbial, Mammalian, Plant, Yeast, Insect, Others)

Regional Analysis for Biotech Ingredients Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Biotech Ingredients producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Biotech Ingredients revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Biotech Ingredients Market?

A: In 2022, the Biotech Ingredients Market was valued at USD 56.6 Billion, reflecting its strong industry presence.

Q2: How large is the Biotech Ingredients Market expected to be by 2031?

A: By 2031, industry forecasts suggest the Biotech Ingredients Market will grow to around USD 86.0 Billion, demonstrating significant expansion.

Q3: What is the growth rate of the Biotech Ingredients Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2024 to 2031.

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This release was published on openPR.