What is Global Protein Production Market?
The Global Protein Production Market is a vast and dynamic sector that focuses on the process of producing specific proteins in biotechnology. This market is not just about the production of proteins, but it also involves the development, manufacturing, and distribution of these proteins on a global scale. As of 2023, the market was valued at a whopping US$ 12400 million and it's projected to reach an impressive US$ 19520 million by 2030. This indicates a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period from 2024 to 2030. The growth and expansion of this market are driven by the increasing demand for protein-based products in various sectors including healthcare, food and beverage, and cosmetics among others. The market is also fueled by advancements in biotechnology and the growing focus on research and development activities in the field of protein production.
Prokaryotic Expression Systems, Mammalian Cell Expression Systems, Yeast Cell Expression Systems, Others in the Global Protein Production Market:
The Global Protein Production Market is segmented into various expression systems including Prokaryotic Expression Systems, Mammalian Cell Expression Systems, Yeast Cell Expression Systems, and others. Each of these systems plays a crucial role in the production of proteins. Prokaryotic Expression Systems, for instance, are widely used due to their cost-effectiveness and high yield of protein production. Mammalian Cell Expression Systems, on the other hand, are preferred for the production of complex proteins as they have the ability to carry out post-translational modifications. Yeast Cell Expression Systems are known for their rapid growth and high protein yield. Other expression systems include insect cell and plant cell systems. These systems are chosen based on the type of protein to be produced, the required yield, and the cost of production.
Commercial, Academic Research in the Global Protein Production Market:
The Global Protein Production Market finds its application in various areas including Commercial and Academic Research. In the commercial sector, protein production is used in the manufacturing of various products such as therapeutic proteins, vaccines, and enzymes among others. The demand for these products is high due to their wide range of applications in healthcare, food and beverage, and other industries. In academic research, protein production is used in the study of protein structure and function, drug discovery, and development of new therapeutic strategies. The use of protein production in academic research is expected to increase in the coming years due to the growing focus on research and development activities in the field of biotechnology.
Global Protein Production Market Outlook:
In simple terms, the Global Protein Production Market is a rapidly growing sector that focuses on the production of specific proteins through biotechnology. As of 2023, this market was valued at US$ 12400 million and it's expected to reach US$ 19520 million by 2030, indicating a CAGR of 7.0% during the forecast period from 2024 to 2030. This growth is driven by the increasing demand for protein-based products in various sectors and advancements in biotechnology. The market is segmented into various expression systems and finds its application in both the commercial sector and academic research.
| Report Metric | Details |
| Report Name | Protein Production Market |
| Accounted market size in 2023 | US$ 12400 million |
| Forecasted market size in 2030 | US$ 19520 million |
| CAGR | 7.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Bio-Synthesis, Sigma-Aldrich, Thermo Fisher Scientific, NEB, GenScript, ATUM, Promega, Lucigen, Bitesize Bio |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
