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The Protein Analyzer Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Protein Analyzer Global Market Report 2024, The protein analyzer market size has grown strongly in recent years. It will grow from $3.15 billion in 2023 to $3.41 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to risen demand for high-quality imaging, growth in healthcare industry, consumer electronics boom, automotive applications, photography and videography trends.
The protein analyzer market size is expected to see strong growth in the next few years. It will grow to $4.69 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to rapid expansion of augmented reality (ar) and virtual reality (vr), continued innovation in imaging technologies, automotive industry evolution, growing importance of lidar technology, expanding applications in industrial and scientific instruments. Major trends in the forecast period include precision manufacturing techniques, rise in 3d sensing technology, optical systems in aerospace and defense, development of lightweight and compact optics, customization and specialty lens designs.
The rise in demand for protein-rich foods is expected to propel the growth of the protein analyzers market going forward. Protein-rich foods include dairy products, seeds and nuts, meat and beef, and foods that include significant amounts of protein, which is a necessary ingredient for the human body. Protein analyzers are most commonly found in restaurants and beverage labs, where they are used to determine the nutritional value and protein content of meat, milk, eggs, and other foods. For instance, in 2021, according to the Food and Agriculture Organization, a US-based intergovernmental organization, world meat output is expected to stay constant in 2020 at 328 metric tons, with total poultry meat production anticipated at 134 metric tons, up 1.2% from previous year. Therefore, the rise in demand for protein-rich foods is driving the growth of the protein analyzer market.
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The protein analyzer market covered in this report is segmented –
1) By Type: Automatic Analyzers, Semi-Automatic Analyzers, Kits And Reagents, Other Types
2) By Technique: DUMAS, Near-infrared spectrometers (NIR), Kjeldahl Method, Chromatography
3) By Application: Biological Professional, Food Professional
4) By End User: Food And Feed, Agriculture, Pharma
Product innovations are the key trend gaining popularity in the protein analyzers market. Major companies involved in the protein analyzers market are focused on innovating new products to improve their observation power and sustain their position in the market. For instance, in September 2021, PerkinElmer, a US-based company that provides testing laboratories, launched its IndiScope FTIR raw milk analyzer. The device, which has a touchscreen interface, requires less training and helps eliminate errors made by humans. The solution’s workflow complies with ISO, IDF, and AOAC guidelines to ensure reliability, and data can be saved through built-in USB ports or transferred to a PC (personal computer). This analyzer is intended to assist milk collecting stations in performing quick and accurate analysis to assess fair market value and ensure customers’ safe raw milk supply chain. It can test milk for protein and fat content in 30 seconds and detect impurities, including water, maltodextrin, and urea.
The protein analyzer market report table of contents includes:
1. Executive Summary
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