Emerging Growth Trends Driving Expansion in the Protein Engineering Market

The protein engineering industry is on track for substantial expansion as we approach 2030, driven by technological advancements and growing market demands. This sector is evolving rapidly, influenced by innovative research and collaborative efforts that promise to reshape biologics and therapeutic development. Here's an in-depth look at the market size, key players, trends, and segmentation shaping this dynamic field.

Projected Growth and Market Size of the Protein Engineering Market
The protein engineering market is projected to experience significant growth over the next several years, reaching a valuation of $9.3 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 15.1%. This upward trend is largely fueled by increasing demand for next-generation biologics, the broadening scope of personalized medicine, and the rising application of engineered proteins in vaccine development. Additionally, the expanded use of computational biology and stronger partnerships between industry and academic institutions are contributing factors. Key trends expected to influence this market include the growing adoption of rational protein design methods, enhanced use of artificial intelligence in protein modeling, an increasing appetite for engineered therapeutic proteins, growth in custom protein engineering services, and deeper integration of bioinformatics tools.

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Prominent Companies Leading the Protein Engineering Market
The protein engineering landscape includes a variety of influential companies pushing the boundaries of innovation. Notable market participants include Codexis Inc., GenScript Biotech Corporation, Abzena plc, Aragen Bioscience Inc., Enantis s.r.o., Creative BioMart, Twist Bioscience Corporation, Ginkgo Bioworks Inc., Amyris Inc., Absci Corporation, Generate Biomedicines Inc., ProteinQure Inc., Zymeworks Inc., Adimab LLC, Ichnos Sciences SA, Synthego Corporation, Evotec SE, Pieris Pharmaceuticals Inc., MacroGenics Inc., and Adagene Inc.

A Significant Acquisition in the Food Processing Equipment Sector
In a notable industry development in July 2024, Fortifi, a US-based food processing company, acquired Les Innovations Mecaniques Alimentaires (LIMA), a France-based manufacturer specializing in protein processing equipment. Although the financial details were not disclosed, this acquisition is expected to strengthen Fortifi's market position and competitiveness within the food processing equipment industry by incorporating LIMA's specialized protein processing technologies.

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Emerging Innovations Catalyzing Growth in Protein Engineering
Leading players in protein engineering are rolling out cutting-edge technologies to improve the effectiveness and manufacturability of therapeutic proteins. One such innovation is the SUREtechnology platform, designed to enable precise protein modifications that lead to enhanced therapeutic properties, lower side effects, and greater production efficiency. For example, in September 2023, KBI Biopharma, a US biotechnology firm, introduced SUREmAb, a product developed using the SUREtechnology platform. SUREmAb focuses on optimized and cost-effective development and manufacturing of monoclonal antibodies (mAbs), responding to the growing demand for biopharmaceuticals. This platform accelerates the timeline significantly, allowing progression from transfection to Research Cell Bank (RCB) within just 9 weeks and enabling drug substance release in approximately 11 months.

Market Segmentation and Dominant Areas within Protein Engineering
This report breaks down the protein engineering market into several critical segments:
1) By Product and Services: Instruments, Reagents, Services, and Software
2) By Technology: Irrational Protein Design and Rational Protein Design
3) By End User: Pharmaceutical and Biotechnology Companies, Academic Research Institutes, and Contract Research Organizations

Further subcategories include:
- Instruments such as Protein Purification Systems, Spectroscopy and Imaging Systems, and Mass Spectrometers
- Reagents including Enzymes, Antibodies, and Labeling and Detection Reagents
- Services and Software covering Custom Protein Engineering Services, Analytical Services, Consulting Services, Modeling and Simulation Software, Data Analysis Software, and Bioinformatics Tools

This multifaceted segmentation highlights the diverse range of products and technologies fueling growth and innovation in the protein engineering market.

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This release was published on openPR.