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How has the biotech ingredient market grown over the years?

Recently, there has been robust growth observed in the biotech ingredient market size. It’s projected to expand from $59.9 billion in 2024 to $63.86 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%. The historical growth can be credited to several factors such as the innovative breakthroughs in the food and beverage sector, rising utilization of biofuel, escalating consumer need for functional foods, and advancements in genetic engineering.

What Is the forecasted market size and growth rate for the biotech ingredient market?

There is an anticipated robust expansion in the biotech ingredient market in the coming years. The sector is projected to rise to $83.5 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.9%. The surge in this forecast period is associated with a focus on personalized nutrition, an increase in cell-based meat production, the emergence of therapeutic biotech ingredients and bio ingredients that reduce waste, along with a shift towards bioplastics. Key trends expected during this forecast period include functional foods based on biotech, biotech remedies for circular economy methods, therapeutic biotech ingredients, biotech additives for clean energy production, and a worldwide focus on preserving biodiversity.

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What are the major factors driving growth in the biotech ingredient market?

The surging necessity for generic drugs is anticipated to fuel the expansion of the biotech ingredient market in the future. Generic drugs can be described as those that are created to mimic the characteristics of an already validated medication. Biotech substances are utilized extensively in conventional medicine because they are the primary source of more affordable, more productive ways of crafting a plethora of active ingredients that closely resemble the original product and are usually governed by a comprehensive rule set. For example, the Personalized Medicine Coalition, a professional membership group from the US, reported that in 2022, the authorization of 12 new personalized medicines constituted approximately 34% of all the freshly approved treatments, signifying a substantial escalation in comparison to the previous years. Hence, the escalating necessity for generic drugs is accelerating the expansion of the biotech ingredient market.

What key areas define the segmentation of the global biotech ingredient Market?

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

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What are the top market players propelling the growth of the biotech ingredient industry?

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.

What are the key trends shaping the future of the biotech ingredient market?

The biotech ingredient market has been greatly impacted by technological advancement trends becoming increasingly popular. To stand out and strengthen their foothold in the marketplace, predominant enterprises in the sector are harnessing new technologies to produce innovative products. A prime example is International Flavors & Fragrances Inc., a company founded in the U.S. that focuses on the manufacture of fragrance, biotech solutions, cosmetic energetics, and organic health ingredients. In March 2023, this company launched Aurist AGC, a unique biopolymer for hair care products. This demonstrates the promise of their new DEB platform, which makes considerable use of IFF’s extensive biotechnological functionality to offer consistent, high-performance beauty solutions that have the potential to revolutionize the cosmeceutical industry. The Aurist AGC biopolymer relies on IFF’s proprietary Designed Enzymatic Biopolymers (DEB) technology, an advanced biotech method capable of creating new, biobased polysaccharides, each with unique structures and product characteristics.

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What regions are dominating the biotech ingredient market growth?

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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