Plant Derived Proteins Market Trend, Gross Earning and Emerging Growth Opportunity by 2029 | FMI

 The global Plant Derived Proteins Market is expected to reach US$ 105 Million by the end of 2022. Growing R&D activities for the creation of more effective pharmaceuticals and biologics, particularly in nations such as India, China, the United States, and the United Kingdom, are likely to drive market expansion.

Plant-derived proteins are recognized as natural and environmentally-sustainable than microbial and mammalian cells. Owing to these benefits, there has been an increasing demand for such proteins from biopharmaceutical companies, as raw materials for therapeutic drug production, creating an absolute opportunity for growth of the plant derived proteins market.

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Key Takeaways of Plant Derived Proteins Market Study

  • The production of therapeutic proteins for disease treatment will gain traction, contributing more than 70% to global market revenues in 2029.
  • Owing to low setup cost, transient plant expression systems (carrot or tobacco) remains preferred among protein manufacturers.
  • Regenerative medicine-therapeutic agents continue to be the leading application area, on the back of their relatively cheap price point.
  • Biopharmaceutical companies represent the leading consumer industry of plant derived proteins, with over 50% share in market throughout the forecast period.
  • North America continues to lead, whereas East Asia holds the promise of lucrative opportunities, owing to several healthcare programs.

Acquisition Key Strategy Followed by Leading Market Players

Leading manufacturers in the plant derived proteins market are focusing on regional acquisition strategy to enhance their product portfolio and expand their regional presence.  For instance, in 2017, Denka buys pharming pioneer Icon Genetics, which is a leading manufacturers of therapeutic proteins in plants. In 2014, Kentucky BioProcessing, Inc. was acquired by Reynolds American Inc., which is a wholly owned subsidiary of tobacco manufacturing company British American Tobacco plc.

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Interested in more insights on the build-up of plant derived proteins market?

Plant derived proteins market, a new study from future market insights, opines on the production of plant derived proteins from 2014 – 2018 and presents demand projections from 2019 – 2029 on the basis of; plant type (tobacco, carrot, rice, barley and others), protein type (industrial proteins & enzymes, therapeutic proteins cell culture functional proteins and others), application (regenerative medicine-therapeutic agents, regenerative medicine-functional material, cell culture application and others), platform (in-vitro culture system, whole plants and others) and end user (biopharmaceutical companies, academic & research institutes, contract research organization (CROS), contract manufacturing organization (CMOS)) across seven prominent regions.

Vegetarian Proteins are proteins that come from plant sources, such as beans, lentils, nuts, and seeds. They are an excellent source of nutrition, containing all essential amino acids required for building and repairing tissues in the body.

Plant Derived Proteins Market by Category

By Plant:

  • Tobacco
  • Rice
  • Carrot
  • Barley
  • Others

By Protein:

  • Industrial Proteins& Enzymes
  • Therapeutic Proteins
  • Blood Proteins
  • Cell Culture Functional Proteins
  • Others

By Platform:

  • In-vitro Cell Culture Systems
  • Whole Plants
  • Others

By Application:

  • Regenerative Medicine-Therapeutic Agents
  • Regenerative Medicine-Functional Material
  • Cell Culture Application
  • Others

By End User:

  • Biopharmaceutical Companies
  • Academic & Research Institutes
  • Contract Research Organization (CROs)
Contract Manufacturing Organization (CMOs)

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