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.
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.
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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.
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 2018 to 2027 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
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