USD 1.84 billion
Biotech Ingredients Market Size, Share, Growth Analysis, By Type(Enzymes, proteins, nucleic acids, and other biologically derived substances), By Application(Pharmaceuticals, agriculture, food and beverages, and biofuels), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15E2395 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
75
Biotech Ingredients Market Insights
Biotech Ingredients Market size was valued at USD 2.19 Billion in 2023 and is poised to grow from USD 2.39 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 9% during the forecast period (2025-2032).
The global biotech ingredients market has exhibited remarkable growth attributed to increasing demand for sustainable and innovative solutions across various industries, including pharmaceuticals, agriculture, and food production.
With advancements in biotechnology, such as genetic engineering and synthetic biology, the market has witnessed a surge in the development of bio-based ingredients, enzymes, and chemicals that offer enhanced performance and environmental benefits.
Additionally, growing awareness regarding the potential of biotech ingredients to address challenges like resource scarcity and climate change has propelled their adoption. However, regulatory complexities and public perception remain influential factors shaping the market's trajectory.
US Biotech Ingredients Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Pharmaceuticals
Fastest Growth
Pharmaceuticals
Growth Rate
9% CAGR
Global biotech ingredients market market by region
Country Share for North America (%)
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Biotech Ingredients Market Segmental Analysis
The global biotech ingredients market can be segmented based on type, application, and region. In terms of type, the market encompasses enzymes, proteins, nucleic acids, and other biologically derived substances. These ingredients find applications in pharmaceuticals, agriculture, food and beverages, and biofuels. Geographically, the market is divided into North America, Europe, Asia-Pacific, and the rest of the world.
Biotech Ingredients Market Analysis By Type
Enzymes are the largest sector within the biotech ingredients market , driven by their diverse applications in industries such as baking, brewing, and detergent manufacturing. On the other hand, the fastest-growing sector is nucleotides, which are essential building blocks of DNA and RNA. Nucleotides find applications in pharmaceuticals, functional foods, and animal feed, owing to their potential health benefits and nutritional value.
Biotech Ingredients Market Analysis By application
The pharmaceutical sector stands as the largest segment, driven by the increasing demand for advanced therapies, personalized medicine, and innovative drug development. With biotechnology playing a pivotal role in drug discovery and development, this sector continues to expand rapidly. On the other hand, the fastest-growing sector within the biotech ingredients market is the agriculture sector. As the world faces the challenges of feeding a growing population while minimizing environmental impacts, biotech ingredients are being utilized for the development of genetically modified crops, biopesticides, and sustainable agricultural practices.
Global biotech ingredients market by application
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Biotech Ingredients Market Regional Insights
The global biotech ingredients market exhibits diverse regional trends. In North America, the market thrives on robust research infrastructure and favorable regulatory frameworks, fostering innovation and market growth. Europe showcases a burgeoning market driven by strong collaborations between academia and industry, promoting advanced biotech ingredient development. The Asia-Pacific region experiences rapid expansion due to increasing investment in biotechnology, especially in countries like China and India. Latin America and the Middle East display promising potential for growth, supported by rising awareness of biotech's benefits. Overall, the global biotech ingredients market presents a landscape of dynamic regional advancements, driven by unique socio-economic factors.
Global biotech ingredients market by geography
- Largest
- Fastest
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Biotech Ingredients Market Dynamics
Biotech Ingredients Market Drivers
Demand for Sustainable Product
- The growing demand for sustainable and plant-based products is a major driver of the global biotech ingredients market . As consumers become more conscious of their health and the environment, there is a significant shift towards seeking products with natural and eco-friendly ingredients. Biotechnology offers the ability to produce ingredients through efficient and environmentally friendly processes, reducing the reliance on traditional agricultural methods. This aligns with the consumer demand for clean labels and transparency, propelling the adoption of biotech ingredients across various industries such as food, cosmetics, and pharmaceuticals.
Biotech Ingredients Market Restraints
Regulatory Challenges
- Regulatory challenges and public perception surrounding genetically modified organisms (GMOs) present a significant restraint for the global biotech ingredients market . Despite the advancements in biotechnology, concerns related to GMOs' safety, potential environmental impact, and ethical considerations continue to raise skepticism among consumers and regulatory bodies. Stricter regulations and labeling requirements for products containing biotech ingredients can impede market growth. Overcoming these challenges requires industry stakeholders to engage in transparent communication, rigorous safety assessments, and educational efforts to build trust and address misconceptions surrounding biotech ingredients.
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Biotech Ingredients Market Competitive Landscape
The global biotech ingredients market features a dynamic competitive landscape characterized by a multitude of established players and emerging entrants striving to capitalize on the growing demand for innovative biotechnological solutions across various industries. Key companies are consistently engaged in research and development efforts to enhance their product portfolios, focusing on sustainable practices, regulatory compliance, and technological advancements. This competitive arena is marked by strategic collaborations, mergers, and acquisitions, as industry participants aim to expand their global footprint and offer diverse biotech ingredients, catering to evolving consumer preferences and fostering a competitive edge in the market.
Biotech Ingredients Market Top Player’s Company Profiles
- Roche (Switzerland)
- Johnson & Johnson (USA)
- Novartis (Switzerland)
- Amgen (USA)
- Pfizer (USA)
- Merck & Co. (USA)
- Sanofi (France)
- Gilead Sciences (USA)
- AstraZeneca (UK/Sweden)
- Eli Lilly and Company (USA)
- Biogen (USA)
- Regeneron Pharmaceuticals (USA)
- Moderna (USA)
- Vertex Pharmaceuticals (USA)
- Genentech (USA)
- Celgene (USA)
- Bayer (Germany)
- AbbVie (USA)
- Bristol Myers Squibb (USA)
- BioMarin Pharmaceutical (USA)
Biotech Ingredients Market Recent Developments
In October 2022, In accordance with a binding agreement between Eli Lilly and Company and Akouos, Inc., a company dedicated to precision genetic medicine, adeno-associated viral gene therapies for treating inner ear diseases, such as sensorineural hearing loss, will be created by Akouos.
Biotech Ingredients Key Market Trends
- The global biotech ingredients market is witnessing significant trends as it evolves. Growing consumer demand for sustainable and natural products is driving the adoption of biotech-derived ingredients across various industries, including food, cosmetics, and pharmaceuticals. Advancements in genetic engineering and bioprocessing techniques are enabling the production of novel and enhanced ingredients with improved functionalities. Additionally, regulatory support for biotech innovation is fostering market growth, while collaborations between biotech firms and traditional manufacturers are facilitating the integration of these ingredients into mainstream products. Overall, the market is characterized by a shift towards bio-based solutions to meet the evolving preferences of environmentally conscious consumers.
Biotech Ingredients Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global biotech ingredients market is poised for promising future prospects driven by rapid advancements in biotechnology, increased demand for sustainable and eco-friendly products, and growing applications across various industries. As the world continues to prioritize innovative solutions, biotech ingredients offer a sustainable alternative to conventional chemical-based ingredients, appealing to environmentally conscious consumers. The expanding utilization of biotech ingredients in sectors such as food and beverages, pharmaceuticals, cosmetics, and agriculture is expected to fuel market growth. Additionally, ongoing research and development in genetic engineering, fermentation processes, and bio-based manufacturing methods are likely to enhance the production efficiency and cost-effectiveness of biotech ingredients, further bolstering their market penetration.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.84 billion |
| Market size value in 2031 | USD 4 billion |
| Growth Rate | 9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Biotech Ingredients Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Biotech Ingredients Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Biotech Ingredients Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Biotech Ingredients Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Biotech Ingredients Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Biotech Ingredients Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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