Market Analysis
Global Protein Trends & Technologies Market Revenue t is expected to reach USD 10 billion in 2023 from USD 6.40 billion in 2016 with a CAGR of approximately 8.2% during the forecast period 2017-2023.
Proteins are large biomolecules made up of amino acids. They perform various functions such as DNA replication, catalyzing metabolic reactions, transporting molecules from one place to another and responding to stimuli. There has been invention in technologies for protein synthesis and purification in last few years. According to the International Food Information Council Foundation’s (IFIC) 2017 Food and Health Survey, there has been 33% increase in consumption of protein in the Americas since 2012, whereas in 2016, around 64% of Americans saying they consume protein. Report suggest consumer believe calories from protein are less likely to cause weight gain than those from sugars, carbohydrates and fats.
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Global Protein Trends & Technologies Market – Overview
The global protein trends & technologies market is rising with a swift phase; mainly owing to increase new technology for tracking activities of proteins. This technology has replaced traditional technologies such as chromatography and DNA micro array. Proteins also have wide range of application in diagnosis of disease and treatment development. Demand of new technologies to be applied in healthcare, emerging trends in protein identification & tracking and increasing use of protein studies in research activities drive the growth of this market.
Companies are continuously invent new products and technology to capture the maximum share of global market. Thus major players invest more in research and development activity, in order to lead the global market. In this regards, MiTeGen LLC, in 2015 Announces that they have the mutual distribution agreements with Rigaku Reagents in order to expand their sales network globally. In 2015, Scienion AG and Anteo partner to develop consumables for better functionality and longer shelf life of protein microarrays. This project will help both companies to provide best product by combining the advantages of the Mix&Go technology with the capability of SCIENION’s precision spotting sciFLEXARRAYER technology, in order to deliver more accurate, better, and longer-lasting diagnostics.
Cost of technology like High-Performance Liquid Chromatography (HPLC) and protein chip may act as a restraint for this market.
Rigaku Corporation (Japan), Hampton Research Corp. (U.S.), Jena Bioscience GmbH (Germany), Thermo Fisher Scientific Inc. (U.S), Molecular Dimensions Ltd. (U.K.), Formulatrix, Inc. (U.S.), Bruker Corporation (U.S.), MiTeGen LLC (U.S.), Scienion AG (Germany), Bio-Rad Laboratories, Inc. (U.S.), EMD Millipore (U.S.), Life Technologies Corporation (U.S.), Oxford Expression Technologies Ltd. (U.K), Qiagen N.V. (Germany), Takara Bio Inc. (Japan) are some of the leading players at the cutting edge of the competition in the market of Protein Trends & Technologies, globally.
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Global Protein Trends & Technologies Market – Regional Analysis
The market of protein trends & technologies is much higher in the Americas region. There are huge population which are suffering from inadequate nutrition. According to the report published by World Health Organization (WHO), in 2014, around 667 million children below the age of 5 year are suffered with malnutrition. There are huge population suffering with malnutrition, thus market players have good opportunity to maximize their profit with in this region owing to high awareness of healthcare. According to report published by World Health Organization (WHO), in 2015, the obesity population has gone up slightly between 1990 and 2014, from 4.8 per cent to 6.1 per cent that is 31 million to 41 million.
Europe is also consider huge market for Protein Trends & Technologies players, owing to present of well-developed healthcare structure and awareness of proteins and technology. Government are more focusing on research and development to introduce new proteins and best technology for their citizen.
Asia Pacific region is consider one of the big market. Whereas, countries like India and China have high potential of generating business for market players owing to the fastest growing economy, additionally they are open to adopt new technology, and best treatment option from developed countries in order to improve the quality of life for their citizen. Developing countries are focusing on new proteins and techniques for meeting the requirement of market, there are wide gap between the developed and developing countries due to advanced technology and awareness of citizen. These gap is the opportunity for the protein trends & technologies market players in the coming years.
The Middle East and Africa are low market due to his incapability of investment. Most of the countries from this region are belong from low economy, and have very slow growth, thus this market consider as the lowest market for protein trends & technologies.
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