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How Big Is The Biotech Ingredient Market Today And What Is Its Future Size?

In recent times, the biotech ingredient market has experienced robust growth. The market which stood at $59.9 billion in 2024, is projected to rise to $63.25 billion in 2025, marking a compound annual growth rate (CAGR) of 5.6%. Factors contributing to this growth during the historic period include advances in the food and beverage industry, wider acceptance of biofuel, a rising demand for functional foods among consumers, and breakthroughs in genetic engineering.

In the ensuing years, the biotech ingredient market is anticipated to experience robust growth, reaching “$81.66 billion in 2029 with a compound annual growth rate (CAGR) of 6.6%. This surging growth within the predicted period can be ascribed to a concentration on tailored nutrition, the rise of cell-based meat manufacturing, the creation of therapeutic biotech ingredients, bio ingredients to mitigate waste, and a shift towards bioplastics. In the coming future, significant tendencies will entail functional foods based on biotech, biotech solutions geared towards circular economy approaches, therapeutic biotech ingredients, biotech ingredients contributing to clean energy production, and a worldwide stress on preserving biodiversity.

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Which Industry Forces Are Driving The Biotech Ingredient Market Forward?

The burgeoning need for generic medications is anticipated to stimulate the biotech ingredient market’s expansion. Generic drugs are those designed to emulate the properties of a previously sanctioned drug. Biotech ingredients play a crucial role in general medicine, serving as a more affordable and efficient method of producing a variety of active ingredients nearly identical to the original product. These ingredients are generally governed by a comprehensive set of rules. The Personalized Medicine Coalition, a professional group based in the US, indicated that in 2022, the sanctioning of 12 new personalized medicines constituted approximately 34% of all fresh therapeutic approvals, a pronounced increase from preceding years. As a result, the growing requirement for generic drugs is propelling the biotech ingredient market’s growth.

How Is The Global Biotech Ingredient Market Broken Down By Segment?

The biotech ingredient market covered in this report is segmented –

1) By Type: Active Pharmaceutical Ingredients, Biosimilars

2) By Expression Systems: Mammalian Expression Systems, Microbial Expression Systems, Yeast Expression Systems, Plant Expression Systems, Insect Expression Systems

3) By Application: Food And Beverages, Personal Care And Cosmetics, Cleaning Products, Other Applications

Subsegments:

1) By Active Pharmaceutical Ingredients (APIs): Biologic APIs, Synthetic APIs

2) By Biosimilars: Monoclonal Antibodies, Recombinant Proteins, Insulin Biosimilars

Which Trends Are Likely To Redefine Growth Paths In The Biotech Ingredient Market?

The technology revolution is becoming a prominent trend in the biotechnological ingredient sector. Leading firms are employing innovative tech to create new products and establish market dominance in the biotech ingredient industry. For example, International Flavors & Fragrances Inc., an American outfit known for producing fragrance, biotechnological solutions, cosmetic energetics, and organic health constituents, unveiled Aurist AGC, an innovative biopolymer specifically for haircare, in March 2023. This underscores the extensive capabilities of IFF’s new DEB platform, leveraging comprehensive biotech functions to deliver long-lasting, high-performance glamour solutions that indeed have the potential to bring about change in the cosmeceutical industry. The key component utilizes IFF’s exclusive DEB (Designed Enzymatic Biopolymers) technology, a sophisticated biotech solution capable of generating unique bio-based polysaccharides with special structures and product features.

Who Are The Most Influential Companies In The Biotech Ingredient Market?

Major companies operating in the biotech ingredient market include Merck & Co. Inc., Sanofi S.A., AbbVie Inc., International Flavors & Fragrance (IFF) Inc., Novartis AG, Pfizer Inc., Teva Pharmaceutical Industries Ltd., Mylan Inc., Boehringer Ingelheim International GmbH., AstraZeneca plc., Givaudan, Firmenich SA, Amyris Inc., Advanced BioTech, Sollice Biotech, Novocap S.A., Eli Lilly, Bristol-Myers Squibb Company, GlaxoSmithKline plc., F. Hoffmann-La Roche AG, Biogen Inc., Amgen Inc., Johnson & Johnson, Genentech Inc., Regeneron Pharmaceuticals Inc., Vertex Pharmaceuticals Incorporated, Alexion Pharmaceuticals Inc., Celgene Corporation, Gilead Sciences Inc., BioMarin Pharmaceutical Inc., Incyte Corporation, Seattle Genetics Inc., Alnylam Pharmaceuticals Inc., Ionis Pharmaceuticals Inc., Moderna Inc., Editas Medicine Inc., Intellia Therapeutics Inc., Sangamo Therapeutics Inc., Bluebird Bio Inc., Spark Therapeutics Inc.

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Which Geographic Regions Are Creating Strong Demand In The Biotech Ingredient Market?

Europe was the largest region in the biotech ingredient market in 2024. Asia-Pacific is expected to be the fastest-growing region in the biotech ingredients market report during the forecast period. The regions covered in the biotech ingredient market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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