What is Global Protein Production Service Market?
The Global Protein Production Service Market is a vast and dynamic sector that focuses on the production of proteins through various biotechnological methods. This market is crucial as proteins are the building blocks of life, playing a key role in every biological process. They are essential for the structure, function, and regulation of the body's tissues and organs. The global Protein Production Service market was valued at US$ 12400 million in 2023 and is expected to reach US$ 19520 million by 2030, growing at a CAGR of 7.0% during the forecast period 2024-2030. This growth is driven by the increasing demand for protein-based therapeutics and diagnostics, advancements in protein production technologies, and the rising prevalence of chronic diseases. The market is also influenced by the increasing investment in research and development activities by key market players.
Prokaryotic Expression Systems, Mammalian Cell Expression Systems, Yeast Cell Expression Systems, Others in the Global Protein Production Service Market:
The Global Protein Production Service Market is segmented based on different expression systems such as Prokaryotic Expression Systems, Mammalian Cell Expression Systems, Yeast Cell Expression Systems, and others. Each of these systems has its unique advantages and applications. 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 can perform post-translational modifications. Yeast Cell Expression Systems are known for their rapid growth and scalability. Other expression systems include insect cell, plant cell, and algal cell expression 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 Service Market:
The Global Protein Production Service Market finds its usage in various areas such as Commercial and Academic Research. In the commercial sector, protein production services are used in the development of new drugs, vaccines, and therapeutic proteins. These services are also used in the production of industrial enzymes and biofuels. In academic research, protein production services are used in the study of protein structure and function, protein-protein interactions, and in the development of new protein production technologies. The demand for protein production services in both these sectors is expected to increase in the coming years due to the growing need for new and effective therapeutics and the increasing investment in research and development activities.
Global Protein Production Service Market Outlook:
The outlook for the Global Protein Production Service Market is promising. Protein production, a method of generating a specific quantity of a particular protein, is a critical process in biotechnology. The market, which was valued at US$ 12400 million in 2023, is projected to reach US$ 19520 million by 2030. This represents a compound annual growth rate (CAGR) of 7.0% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for protein-based therapeutics and diagnostics, advancements in protein production technologies, and the rising prevalence of chronic diseases. The market is also influenced by the increasing investment in research and development activities by key market players.
| Report Metric | Details |
| Report Name | Protein Production Service 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 |
