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Global Protein Trends & Technologies Market Size was valued at USD 5.7 Billion in 2022. The Protein Trends & Technologies market Technology is projected to grow from USD 6.2 Billion in 2023 to USD 13.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.60% during the forecast period (2023 - 2032). Demand for foods and drinks high in protein is rising, as is the popularity of plant-based diets and the use of alternative protein sources, are the key market drivers enhancing the market growth.
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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
The demand for foods and beverages high in protein is increasing as the global population becomes more health conscious. Protein is one of the most crucial macronutrients for preserving optimum health. They support blood oxygen delivery, hormone and enzyme synthesis, and tissue growth and repair. As a result, demand for protein powders, bars, and supplements is rising. Another significant aspect influencing the market for protein trends and technologies is the growing propensity toward plant-based diets. Because of the benefits plant-based diets provide for the environment and human health, more people are switching to them. Plant-based proteins are seen as being more moral and environmentally friendly than animal-based proteins. As a result, demand for plant-based protein sources like soy and pea protein has increased.
In addition to plant-based proteins, other protein sources including insect protein and lab-grown meat are gaining popularity. Alternative protein sources are considered to be more sustainable and ecologically friendly than traditional protein sources. As a result, these products are now more in demand on the market. Being viewed as healthier and more environmentally friendly than meat products, plant proteins have gained popularity in recent years. Pea and soy proteins are the two main plant-based protein sources that will offer promising growth prospects during the projection period. Due to their favorable health effects and minimal impact on the environment, plants are the primary source of alternative proteins. Other alternatives to animal proteins include algal, insect, and lab-grown meat, but the need for plant-based proteins is what actually spurs the market for all proteins. Due to the availability of plants and advanced technologies that have less influence on the environment, this element is predicted to accelerate market expansion.
The global popularity of dietary supplements and other healthy supplements has grown over the past few years. Functional proteins, which are used in activities like body toning, competitive sports, and muscle-building, are primarily consumed by millennials. In addition, consumers choose a variety of nutrient-dense functional supplements as meal substitutes for the management of diabetes, chronic illnesses, and obesity-related problems. Additionally, nutritional supplements are routinely used to boost the body's inherent defenses against the disease in cancer patients. Functional proteins have a wide range of applications, therefore their market share will increase over the coming years. Thus, driving the Protein Trends & Technologies market revenue.
The global Protein Trends & Technologies market segmentation, based on Technology, includes protein chip, tandem mass spectrometry, nuclear magnetic resonance, x-ray crystallography, electrophoresis, chromatography, and others. Protein chip segment dominated the global market in 2022. Some protein chips can work with both nucleic acids and proteins. Similar to DNA chips, these are used to evaluate protein expression or protein-protein interactions. When compared to traditional proteomic approaches, protein chips are flexible and quick enough to record biological data on changes in protein expression, protein-protein interactions, and responses to various conditions. The drawback of electrophoresis-based approaches is that they can be challenging to use and expensive to operate in terms of cost per data point.The market for protein chips is therefore expected to drive this region's market growth. BioRad's ProteinChipTM is protected by a Ciphergen trademark registration.
The global Protein Trends & Technologies market segmentation, based on Application, includes protein identification, de novo (peptide) sequencing, protein quantitation, protein structure determination, biomarkers, proteogenomics, diagnostics, antibody characterization, and treatment development. Protein identification segment dominated the global market in 2022. The increasing demand for medical diagnostics and the expanding understanding of diseases provide one explanation for this.
The global Protein Trends & Technologies market segmentation, based on End Users, includes pharmaceutical companies, biotechnology companies, research institutes, and others. Pharmaceutical companies segment dominated the global Protein Trends & Technologies market in 2022. This is because of the explosion of research and development activities taking place in the healthcare sector as a result of increased funding.
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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The North America Protein Trends & Technologies Market dominated this market in 2022 (45.80%). The important factors supporting the market's expansion in this area are rising protein chip acceptance, widespread HLPC use, and technical developments in the healthcare sector. This region is home to a concentrated number of businesses that manufacture big volumes of protein-based goods. Further, In the North American area, the U.S. Protein Trends & Technologies market had the biggest market share, while the Canada Protein Trends & Technologies market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
Europe Protein Trends & Technologies market accounted for the healthy market share in 2022. Technology advancements in protein production and processing are also expanding regional market opportunities. Using new technologies like genetic engineering, fermentation, and cell culture, protein production in the region is becoming easier and more economical. Further, In the European region, the German Protein Trends & Technologies market had the biggest market share, and the U.K. Protein Trends & Technologies market had the quickest rate of growth.
The Asia Pacific Protein Trends & Technologies market is expected to register significant growth from 2023 to 2032. The availability of funds for R&D, expanding demand for protein technology, and rising healthcare costs in Asia Pacific all boost this industry. Moreover, In the Asia-Pacific region, the Indian Protein Trends & Technologies market had the quickest rate of growth while China's Protein Trends & Technologies market had the greatest market share.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Protein Trends & Technologies market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Protein Trends & Technologies sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Protein Trends & Technologies industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Protein Trends & Technologies sector. Major players in the Protein Trends & Technologies market, including Rigaku Corporation, Hampton Research Corp., Jena Bioscience GmbH, Thermo Fisher Scientific Inc., Molecular Dimensions Ltd., Formulatrix, Inc., Bruker Corporation, MiTeGen LLC, Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., EMD Millipore, Life Technologies Corporation, Oxford Expression Technologies Ltd., Qiagen N.V., and Takara Bio Inc., are attempting to increase market demand by investing in research and development operations.
Farmers Edge Inc. provides digital agriculture services. It has two reportable segments, including operations in digital agronomy and e-commerce. From Digital Agronomy Operations, growers can select from a full spectrum of digital agronomy solutions. These solutions are offered at five different subscription levels and are charged annually per acre. A component of e-commerce is the sale of agricultural goods through online markets. The majority of the companies' revenue is produced by their section for digital agronomy activities. In order to increase the production, quality, and marketing potential of protein crops, Farmers Edge Inc. and Merit Functional Foods (Merit) started a pilot program in September 2021. The new project is expected to increase the efficiency and sustainability of Merit's ingredient production.
Nestle SA (Nestle) is a food and beverage producer and marketer. The company's product line-up consists of baby foods, bottled water, cereals, chocolates and confectionery, coffee, culinary products, plant-based meals, chilled and frozen foods, dairy products, nutritional products, ice cream, and things for pet care. Nestle provides its products under a number of brand names, including Aero, Purina Alpo, Milkybar, Cerelac, Nescafe, Nespresso, Nido, Perrier, S.Pellegrino, Acqua Panna, Nestea, Milo, Maggi, Buitoni, Cailler, Movenpick, Purina, Boost, Gerber, and Kit Kat. The corporation has commercial centres in Asia, Oceania, the Americas, Europe, the Middle East, and Africa. Nestle is headquartered in Vevey, Waadt, Switzerland. In January 2020, Nestlé collaborated with Burcon and Merit to develop and produce plant proteins. This partnership should enable Nestlé to manufacture plant-based meat and dairy substitutes more swiftly.
· Rigaku Corporation
· Hampton Research Corp.
· Jena Bioscience GmbH
· Thermo Fisher Scientific Inc.
· Molecular Dimensions Ltd.
· Formulatrix, Inc.
· Bruker Corporation
· MiTeGen LLC
· Agilent Technologies, Inc.
· Bio-Rad Laboratories, Inc.
· EMD Millipore
· Life Technologies Corporation
· Oxford Expression Technologies Ltd.
· Qiagen N.V.
· Takara Bio Inc.
November 2021: Lactalis Ingredients used Pronativ® Native Micellar Casein and Pronativ® Native Whey Protein in the development of new high-protein product concepts. Two of the inferences were smoothies and puddings high in protein.
· Protein Chip
· Tandem Mass Spectrometry
· Nuclear Magnetic Resonance
· X-Ray Crystallography
· Electrophoresis
· Chromatography
· Others
· Protein Identification
· De Novo (Peptide) Sequencing
· Protein Quantitation
· Protein Structure Determination
· Biomarkers
· Proteogenomics
· Diagnostics
· Antibody Characterization
· Treatment Development
· Pharmaceutical Companies
· Biotechnology Companies
· Research Institutes
· Others
· North America
- US
- Canada
· Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
· Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
· Rest of the World
- Middle East
- Africa
- Latin America
Report Scope
|
Report Attribute/Metric |
Details |
|
Market Size 2022 |
USD 5.7 Billion |
|
Market Size 2023 |
USD 6.2 Billion |
|
Market Size 2032 |
USD 13.8 Billion |
|
Compound Annual Growth Rate (CAGR) |
7.60% (2023-2032) |
|
Base Year |
2022 |
|
Market Forecast Period |
2023-2032 |
|
Historical Data |
2018- 2022 |
|
Market Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Technology, Application, End Users, and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
|
Countries Covered |
The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
|
Key Companies Profiled |
Rigaku Corporation, Hampton Research Corp., Jena Bioscience GmbH, Thermo Fisher Scientific Inc., Molecular Dimensions Ltd., Formulatrix, Inc., Bruker Corporation, MiTeGen LLC, Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., EMD Millipore, Life Technologies Corporation, Oxford Expression Technologies Ltd., Qiagen N.V., and Takara Bio Inc. |
|
Key Market Opportunities |
Increasing demand for new technologies in healthcare |
|
Key Market Dynamics |
Increasing demand for protein-rich foods and beverages, growing trend towards plant-based diets, and increasing adoption of alternative protein sources |
The global Protein Trends & Technologies market size was valued at USD 5.7 Billion in 2022.
The global market is projected to grow at a CAGR of 7.60% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Rigaku Corporation, Hampton Research Corp., Jena Bioscience GmbH, Thermo Fisher Scientific Inc., Molecular Dimensions Ltd., Formulatrix, Inc., Bruker Corporation, MiTeGen LLC, Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., EMD Millipore, Life Technologies Corporation, Oxford Expression Technologies Ltd., Qiagen N.V., and Takara Bio Inc.
The Protein Chip Technology dominated the market in 2022.
The Protein Identification Application had the largest share in the global market.
Report Code :
RL65245
Published on :
Sep 2023
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