Authored By: Sarah
15 Nov 2023

Protein Engineering Market to Grow at CAGR of 15.42% through 2023-2027 | Demand for improved food and industrial products and the rising prevalence of chronic diseases is boosting the Market advancement 

The protein engineering market is likely to experience steady growth because of the demand for improved food and industrial products & Rising prevalence of chronic diseases. Rising at a CAGR of 15.42%, the market is estimated to have an incremental growth of USD 2378.93 Mn in revenue by 2023 to 2027.

Leading organization contributing to this market advancement includes names like Agilent Technologies Inc., Amgen Inc., Bio Rad Laboratories Inc., Bruker Corp., Danaher Corp., Eli Lilly and Co., General Electric Co., GenScript Biotech Corp., Merck KGaA, New England Biolabs Inc., Novo Nordisk AS, etc.

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Snapshot of Protein Engineering Market

Technavio Analyst Quoted ~  “Consumer preference for healthier and more sustainable food choices has driven demand for new proteins with improved nutritional profiles in food industries, followed by development in the industrial sector as protein engineering plays a central role in industrial processes”  

Lack of knowledge of protein structure and the high cost of protein engineering are expected to hinder the growth of the market. However, the adoption of generative AI in protein engineering and Increasing demand for protein-based drugs and therapies will have a positive impact on the protein engineering market during the forecast period.
Technavio’s recent analysis of the market, incudes a detailed examination of its revenue forecasts, including market drivers and challenges, key market participants, and growth opportunities followed by a detailed study of the market segments in North America, Europe, Asia, and the Rest of World (ROW), geographically. As per the forecast North American region is expected to have a market share of 38% during the forecast period. Obtain a detailed copy of the report synopsis on the Protein Engineering Market

Technavio’s analysis of the Protein Engineering Market also includes:

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive protein engineering market growth during the next five years
  • Precise estimation of the protein engineering market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the protein engineering market industry across 
  • A thorough analysis of the market’s competitive landscape
  • Comprehensive details of factors that will challenge the growth of the protein engineering market

Browse through our related reports for more insights: Genetic Testing Market by Product, Technology, and Geography - Forecast and Analysis 2023-2027

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