biotech ingredient Market Outlook 2025-2034: Trends and Projections

What Is The Expected Market Size and Growth Trend For Biotech Ingredient Market?
The biotech ingredient market size has seen strong growth recently, escalating from $59.9 billion in 2024 to a predicted $63.86 billion in 2025, at a compound annual growth rate (CAGR) of 6.6%. This growth in the historic period can be attributed to innovations in the food and beverage industry, increasing adoption of biofuels, consumer demand for functional foods, and advances in genetic engineering.

The biotech ingredient market is projected to continue its strong growth trend, expected to reach $83.5 billion by 2029 with a CAGR of 6.9%. The expected growth in the forecast period points to the increasing focus on personalized nutrition, expansion of the cell-based meat production, development of therapeutic biotech ingredients, bio ingredients for waste reduction, and a significant shift towards bioplastics. Notable trends for this period include biotech-based functional foods, biotech solutions for circular economy practices, therapeutic biotech ingredients, biotech ingredients for clean energy production, and a global emphasis on biodiversity conservation.

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What Are The Driving Forces Of The Biotech Ingredient Market Growth?
The surging demand for generic medicines is expected to fuel the growth of the biotech ingredient market. Generic medicines, which emulate previously approved medicines, utilize biotech ingredients as they offer less costly and efficient means of producing a range of active ingredients. According to the Personalized Medicine Coalition, in 2022, about 34% of all newly approved therapies were 12 new personalized medicines, showing a significant climb compared to previous years. Therefore, this rising demand for generic medicines is a key factor propelling the biotech ingredient market.

How Is The Biotech Ingredient Market Segmented?

1) By Type: Active Pharmaceutical Ingredients, Biosimilars
2) By Expression Systems: Mammalian Expression Systems, Microbial Expression Systems, Yeast Expression Systems, Plant Expression Systems, Insect Expression Systems
3) By Application: Food And Beverages, Personal Care And Cosmetics, Cleaning Products, Other Applications

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Who Are The Key Players In The Biotech Ingredient Market?
Significant companies operating in the biotech ingredient market include Merck & Co. Inc., Sanofi S.A., AbbVie Inc., and International Flavors & Fragrance (IFF) Inc., along with Novartis AG, Pfizer Inc., Teva Pharmaceutical Industries Ltd., Mylan Inc., Boehringer Ingelheim International GmbH, and AstraZeneca plc. The list also features prominent players such as Givaudan, Firmenich SA, Amyris Inc., Advanced BioTech, Sollice Biotech, Novocap S.A., Eli Lilly, Bristol-Myers Squibb Company, GlaxoSmithKline plc., F. Hoffmann-La Roche AG, and Biogen Inc. including several others.

What Trends Are Impacting The Biotech Ingredient Market?
Technological advancement has become a crucial trend influencing the biotech ingredient market. Major companies are adopting cutting-edge technologies to develop new products and fortify their market position. For instance, in March 2023, International Flavors & Fragrances Inc. launched Aurist AGC, a biopolymer for hair care, highlighting the potential of its DEB platform by utilizing proprietary Designed Enzymatic Biopolymers (DEB) technology. This innovation is indicative of future trends in the biotech ingredient market.

Which Regions Are Expected To Grow Fastest In The Biotech Ingredient Market?
In 2024, Europe was the largest market for biotech ingredients, but the Asia-Pacific region is expected to experience the fastest growth during the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Does The Biotech Ingredient Market Report 2025 Offer?
Biotech ingredients are chemical components produced by microbes, yeast, or algae, wherein their DNA has been edited to produce commercially viable compounds. They’re often safer and less expensive for consumers. The Biotech Ingredient Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

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