Molecular farming: Global markets are a dynamic landscape where
innovative biotechnology intersects with agriculture and
pharmaceuticals. Learn how to use nature's plants and animals to
produce essential proteins and bioactive compounds for a
sustainable future.
BOSTON, May 8, 2024
/PRNewswire/ -- According to the latest BCC Research
study, the demand for Molecular Farming: Global
Markets is expected to grow from $454.1 million in 2023 and is projected to reach
$916.3 million by the end of 2028, at
a compound annual growth rate (CAGR) of 15.1% during the forecast
period.
The report comprehensively analyzes the molecular Farming
industry, focusing on its various market segments and global scope.
The market is divided into plant and animal categories and covers
various end-uses including nutritional products, pharmaceuticals,
dairy products, etc. The report's geographic segmentation covers
North America, Europe, Asia
Pacific (APAC), and Rest of the World (ROW), providing
insight into regional dynamics and market trends. Revenue
forecasts, based on total manufacturer revenue, provide a
comprehensive picture of the industry's financial health, and
projections are expressed in constant US dollars and are not
adjusted for inflation.
The global molecular farming market is witnessing increased
financing activities, creating ample growth opportunities. Nobel
Foods, for example, raised $100
million through July 2021
after previously successful Series A rounds totaling $25 million and a 2017 Series B round totaling
$75 million. Key players are pursuing
joint ventures and research initiatives to expand their molecular
agriculture businesses. Moolec Science SA's recent joint venture
with Grupo Insud aims to develop low-cost, high-tech molecular
agricultural products for the pharmaceutical industry. Due to
increasing consumer acceptance and market demand, startups are also
focusing on genetically modified tobacco crops for pharmaceutical
use.
To know more about Molecular Farming: Global Markets Report,
click here for details.
Key Drivers of Molecular Farming: Global Markets
Increasing Demand for Proteins from the Pharmaceutical
Industry: The pharmaceutical industry relies heavily on
proteins for various purposes such as drug development,
diagnostics, and therapeutic applications. Molecular farming offers
a cost-effective and scalable method to produce proteins such as
antibodies, enzymes, and growth factors. As the demand for these
proteins continues to grow, molecular agriculture is becoming an
attractive solution to the industry's needs.
Increased Funding and Investment in the Molecular Farming
Industry: Funding and investment in molecular farming research
and development has increased significantly in recent years.
Investors recognize the technology's potential to revolutionize
protein production and address key health challenges. These
investments drive innovation, accelerate product development, and
expand the market for molecular agriculture.
Growing R&D Efforts: Research and development in
molecular farming has been continuously strengthened and
significant progress has been made. Scientists are exploring new
plant performance systems, improving production processes, and
increasing protein yields. Collaboration between academia,
industry, and research institutions plays a key role in expanding
knowledge and experience in this field.
Opportunities for Customized Products: Molecular farming
enables the production of proteins tailored for specific
applications. By choosing a suitable plant host and optimizing
expression conditions, researchers can create proteins with desired
properties. This type of customization is not limited to
pharmaceutical products but also includes industrial enzymes,
biofuels, and other biological products.
Request a Sample Copy of the Molecular
Farming: Global Markets Report.
Report Synopsis
Report
Metrics
|
Details
|
Base year
considered
|
2022
|
Forecast Period
considered
|
2023-2028
|
Base year market
size
|
$398.0
million
|
Market Size
Forecast
|
$916.3
million
|
Growth Rate
|
CAGR of 15.1% for the
forecast period of 2023-2028
|
Segment
Covered
|
Type, End Uses, and
Region
|
Regions
covered
|
North America, Europe,
Asia-Pacific, and Rest of the World (RoW)
|
Countries
covered
|
U.S., Canada, Germany,
the U.K., France, China, India, Japan, the Middle East and South
America
|
Key Market
Drivers
|
- Increasing demand
for proteins from the pharmaceutical industry.
- Increased funding
and investment in the molecular farming industry.
- Growing R&D
efforts.
- Opportunities for
customized products.
|
Segmentation Analysis:
Type Segmentation Analysis:
- Plant-Based Molecular Farming: Using plants like
tobacco, maize, or soybeans to produce proteins and enzymes.
Advantages include scalability and cost-effectiveness.
- Animal-Based Molecular Farming: Utilizing animals,
typically transgenic livestock, to produce therapeutic proteins.
Offers higher yields but is more complex and expensive.
End-Use Applications Segmentation Analysis:
- Nutraceuticals: Bioactive compounds found in food or
dietary supplements, produced through molecular farming for health
benefits.
- Pharmaceuticals: Production of therapeutic proteins like
antibodies and vaccines for treating diseases.
- Dairy Products: Enhancing dairy products by introducing
specific therapeutic proteins. Molecular farming also applies to
industrial enzymes, biofuels, and specialty chemicals.
This Molecular Agriculture: Global Market report provides
comprehensive information and analysis covering the following key
questions:
- What is the projected market size and growth rate of the
market?
The global molecular farming market is projected to grow from
$398.0 million in 2022 to
$916.3 million in 2028 at a compound
annual growth rate (CAGR) of 15.1% during the forecast period.
- What are the key factors driving the growth of the market?
The key factors driving the growth of the molecular farming market
include:
- Increasing global population and demand for nutritious
food
- Increasing demand for proteins from the pharmaceutical
industry
- Growing applications of molecular farming in the enzyme
industry
- Increased funding and investment in the molecular farming
industry
- What segments are covered in the market?
The molecular farming market is segmented based on type, end-user,
and region. By type, it is segmented into two major segments, plant
and animal; by end-use, the market is segmented into
pharmaceutical, nutraceutical, dairy, and others.
- By end-use, which segment will dominate the market by the end
of 2028?
The nutraceutical segment will dominate by the end of 2028.
- Which region has the highest market share in the market?
North America holds the highest
share of the market. Continuing industrialization of the
nutraceutical food and agricultural systems, mainly in the U.S. and
Canada, is expected to enhance
molecular farming production with an eco-friendly production
process. The growing research and development activities in
biopharmaceutical industries further create ample opportunity in
the North American molecular farming business.
Some of the Key Market Players Are:
- BIOBETTER
- BRIGHT BIOTECH
- CORE BIOGENESIS
- FORTE PROTEIN INC.
- INGREDIENTWERKS
- KYOMEI
- MIRUKU LTD.
- MOOLEC SCIENCE SA
- MOZZA FOODS
- NOBELL FOODS
- ORF GENETICS
- PIGMENTUM
- PLANTFORM CORP.
- TIAMAT SCIENCES
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