Sarasota, FL -- (SBWIRE) -- 04/26/2019 -- Global Biotech Ingredients Market: Overview

Biotech ingredients are large and complex drugs that are structurally identical to compounds found in natural organisms. These medical drugs are produced using complex biotechnological processes, such as genetic engineering and hybridoma technology as well as biopharmaceutical techniques such as recombinant DNA technology, gene transfer, and antibody production methods.

Global Biotech Ingredients Market: Growth Factors

The growth in the biotech ingredients market is mainly driven by the rising prevalence of cancer, technological advancements in manufacturing, rapidly increasing geriatric population, increasing incidence of chronic diseases, growing importance of generics, and increasing uptake of biopharmaceuticals.

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The rising aging populace and the growing occurrence of chronic ailments such as cancer are likely to steer the biotech ingredients market growth in the years to come. In addition, there is a shifting costumer trend towards natural as well as organic products as a result of rising consciousness among the people about adverse effects of synthetic ingredients. This, in turn, has led to shift in the focus of producers for manufacturing natural products, thereby further enlarging the scope of the business sphere. However, high primary costs and GMO unwillingness can be detrimental towards the market surge during the forecast timeframe. Nonetheless, technological breakthroughs related to monoclonal antibodies and next-generation antibody treatments are projected to generate huge growth prospects for the biotech ingredients market.

In addition, access to raw materials has been restricted, owing to unpredictable climatic conditions during crop season such as drought. Furthermore, water shortage and a shift toward cereals and oil-producing plant cultivation by peasants to gain higher revenues act as key obstacles in the industry expansion. Strict ecological rules to halt land cultivation or land tilling can also be considered as a hindering aspect for the global biotech ingredients market. Nevertheless, the burgeoning product demand across food & beverages, personal care, and cleaning & household as a result of growing need for biotech flavors and fragrance ingredients will favorably and significantly impact the market size.

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Global Biotech Ingredients Market: Segmentation

The global biotech ingredients market can be classified into Type, Expression System, and Product. Based on the type, the market is sectored into biosimilars and innovative biotech apis. On the basis of product, the biotech ingredients market can be classified into vaccines, cytokines, therapeutic enzymes, monoclonal antibodies, hormones and growth factors, fusion proteins, and blood factors. On the basis of expression system, the market is divided into microbial expression systems, plant expression systems, mammalian expression systems, and yeast expression systems and insect expression systems.

Global Biotech Ingredients Market: Regional Analysis

Europe is likely to contribute substantially towards global biotech ingredients market revenue in the years ahead, subject to creation of new value chains for manufacturing bio-based ingredients, launching of large number of schemes by government, and rise in the production ability of bio-based chemicals. Business promoting programs and increase in the number of investors in the industry are likely to steer the regional market size over the forecast timespan.

North America is likely to further impel the growth of the global biotech ingredients market over the coming decade, subject to rising R&D activities to produce new bio-based means, early product acceptance, and presence of giant manufacturers. Growing use of personal care items, herbs, and scented products is likely to generate huge growth avenues for the regional business. Nevertheless, breakthroughs in metabolic engineering and microbial biosynthesis as well as bio-transformation are further anticipated to spur the regional expansion.

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Asia Pacific and Latin America have a huge market growth potential and are likely to contribute remarkably towards the market earnings in the coming years.

Global Biotech Ingredients Market: Competitive Players

Some of key players in biotech ingredients market are Teva Pharmaceutical Industries Ltd., Pfizer Inc., Eli Lilly and Company, Novartis International AG, Merck & Co., Mylan, Inc., Boehringer Ingelheim, Sanofi, AbbVie, AstraZeneca plc, Bristol-Myers Squibb , and GlaxoSmithKline plc.

Global Biotech Ingredients Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil