Recombinant Protein Market Report by Product (Antibodies, Hormones, Growth Factors, Cytokines, and Others), Application (Drug Discovery and Development, Academic Research, Biotechnology Research, Biopharmaceutical Production, and Others), End User (Pharmaceutical and Biopharmaceutical Companies, Biotechnology Companies, Academic and Research Institutes, Contract Research Organization, and Others), and Region 2024-2032
The global recombinant protein market size reached US$ 1.90 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.58 Billion by 2032, exhibiting agrowth rate (CAGR) of 10.1% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 1.90 Billion
Market Forecast in 2032
US$ 4.58 Billion
Market Growth Rate 2024-2032
10.1%
A recombinant protein refers to a modified or altered protein that is encoded by recombinant DNA. The recombinant DNA molecule consists of a plasmid in which the genes for a target protein are cloned. It is produced either by molecular cloning or polymerase chain reaction (PCR). Some of the common product variants include kinase proteins, human insulin, structural proteins, adhesion molecules and receptors, immune response proteins, etc. Recombinant protein is primarily utilized in the development of novel therapies for chronic and rare diseases. It finds widespread adoption in numerous biopharmaceutical companies, academic and research institutes, contract research organizations, etc.
Recombinant Protein Market Trends:
The elevating prevalence of several chronic diseases along with the increasing demand for novel treatment options is primarily driving the global recombinant protein market. In addition to this, the rising investments in the field of protein engineering and the improving focus on protein-based drug development are further augmenting the market growth. Moreover, numerous government bodies are funding R&D activities for the introduction of advanced techniques in proteomics and genomics, which are significantly impacting the global market for recombinant protein. Besides this, the advent of recombinant protein expression technology has led to the development of high-quality autoantigens that are widely used in immunotherapy procedures. Additionally, the growing requirement for recombinant proteins for accurate measurement of biomarkers in the field of drug discovery is also creating a positive outlook for the global market. Apart from this, the rising penetration of latest molecular biology approaches for biopharming to reduce proteolysis of recombinant proteins or prevent the partial or total loss of glycosylation is expected to bolster the global recombinant protein market over the forecast period.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global recombinant proteinmarket report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, application and end user.
Breakup by Product:
Antibodies
Hormones
Growth Factors
Cytokines
Others
Breakup by Application:
Drug Discovery and Development
Academic Research
Biotechnology Research
Biopharmaceutical Production
Others
Breakup by End User:
Pharmaceutical and Biopharmaceutical Companies
Biotechnology Companies
Academic and Research Institutes
Contract Research Organization
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abcam plc, Amgen Inc., Bio-RAD Laboratories Inc., Bio-Techne Corporation, Bps Bioscience Inc., Enzo Biochem Inc., Genscript Biotech Corporation, Merck KGaA, Novo Nordisk A/S, ProSpec-Tany TechnoGene Ltd, Sanofi S.A. and Thermo Fisher Scientific.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Product, Application, End User, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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Key Questions Answered in This Report
The global recombinant protein market was valued at US$ 1.90 Billion in 2023.
We expect the global recombinant protein market to exhibit a CAGR of 10.1% during 2024-2032.
The rising prevalence of several chronic diseases, along with the increasing demand for recombinant protein variants, such as kinase proteins, human insulin, adhesion molecules and receptors, etc., across biopharmaceutical companies and contract research organizations, is primarily driving the global recombinant protein market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of recombinant protein for developing novel therapies to combat the spread of the coronavirus infection.
Based on the application, the global recombinant protein market has been segregated into drug discovery and development, academic research, biotechnology research, biopharmaceutical production, and others. Among these, drug discovery and development currently exhibits clear dominance in the market.
Based on the end user, the global recombinant protein market can be bifurcated into pharmaceutical and biopharmaceutical companies, biotechnology companies, academic and research institutes, contract research organization, and others. Currently, pharmaceutical and biopharmaceutical companies hold the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global recombinant protein market include Abcam plc, Amgen Inc., Bio-RAD Laboratories Inc., Bio-Techne Corporation, Bps Bioscience Inc., Enzo Biochem Inc., Genscript Biotech Corporation, Merck KGaA, Novo Nordisk A/S, ProSpec-Tany TechnoGene Ltd, Sanofi S.A., and Thermo Fisher Scientific.
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