Biotech ingredients are primarily natural ingredients that comprise of essential oils, oleoresins, and other plant extracts. These ingredients are commonly derived using major techniques including steam distillation, solvent extraction, cold pressing or compression, and carbon dioxide extraction. Biotech ingredients such as biopharmaceuticals incorporate complex proteins, for example, antibodies, nucleic acids, or antisense oligonucleotides that are delivered by techniques which are not the same as immediate extraction from normal, non-built life forms.
MARKET DYNAMICS
The biotech ingredient market has witnessed a significant growth owing to factors such as rising consumer shift towards natural and organic products. In addition to that, the rising application of biotech ingredients in some of the end-use industries, such as food and beverage, cosmetics, and pharmaceuticals, is further propelling this market. Furthermore, technological advancements related to next-generation antibody therapies coupled with monoclonal antibodies, including antibody-drug conjugates by key players, are some other factors projected to further influencing this market. However, the limited availability of raw materials used for the manufacturing of biotech ingredients may hamper the growth of the biotech ingredients market. Also, high initial set-up costs and stringent environmental regulations are some factors anticipated to hamper the growth of the global biotech ingredient market. Nevertheless, growing consumer shift from synthetic to natural products is influencing the manufacturers to develop products based on biotech ingredients. This is expected to offer immense opportunities for the growth of biotechnology ingredients market.
MARKET SCOPE
The "Global Biotech Ingredient Market Analysis to 2028" is a specialized and in-depth study of the biotechnology industry with a special focus on the global market trend analysis. The report aims to provide an overview of the biotech ingredient market with detailed market segmentation by type, product, expression system, and geography. The global biotech ingredient market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biotech ingredient market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global biotech ingredient market is segmented on the basis of type, product, and expression system. On the basis of type, the biotech ingredient market is segmented into innovative biotech apis and biosimilars. The biotech ingredient market on the basis of the product is classified into monoclonal antibodies, vaccines, hormones and growth factors, cytokines, fusion proteins, therapeutic enzymes, and blood factors. On the basis of expression system, global biotech ingredient market is bifurcated into mammalian expression systems, microbial expression systems, yeast expression systems, and insect expression systems.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global biotech ingredient market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The biotech ingredient market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the biotech ingredient market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the biotech ingredient market in these regions
MARKET PLAYERS
The reports cover various key developments in the global biotech ingredient market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from biotech ingredient market are anticipated to lucrative growth opportunities in the future with the rising demand for biotech ingredient in the global market. Below mentioned is the list of few companies engaged in the biotech ingredient market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the biotech ingredient market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Boehringer Ingelheim
- Bristol-Myers Squibb
- Eli Lilly
- Glaxosmithkline
- Merck
- Novartis International
- Pfizer
- Sanofi
- Teva Pharmaceutical Industries
- Others
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.