(MENAFN- GlobeNewsWire - Nasdaq) Integrating cutting-edge nucleotide research with sustainable sourcing to drive the Nucleotide market forward. In the United States Nucleotide market sector is set to grow at a 5.6% CAGR, reaching USD 350.8 million by 2034. The growth is driven by the country's leading role in biomedical research and the high demand from major Pharmaceutical companies and research institutions.
NEWARK, Del, July 29, 2024 (GLOBE NEWSWIRE) -- The global nucleotide market size has an estimated market valuation of USD 672.5 Million by 2024 and is projected to grow at a CAGR of 6.1 % to reach a market valuation of USD 1,205.4 Million by 2034 .
Functional ingredients are increasingly being used in the food industry, and nucleotides are among them. Their position in enhancing the nutritional value of food stems from their capability to assist in vital biological processes such as cellular repair and immunity. Due to the growth of health-conscious consumers, demand for fortified foods containing beneficial compounds such as nucleotides has rocketed. Although extraction of nucleotides from natural sources has been a challenge, recent technological developments have made it more viable. Techniques such as enzymatic hydrolysis and fermentation are currently being employed for getting nucleotides from species like yeast , fish, or even plants. These improved ways not only increase yields but also ensure that pure forms of these substances reach end-users.
The food sector is responding to consumer demands for transparency and natural products by adopting clean-label ingredients . It's no surprise then that naturally occurring nucleotides derived from non-genetically modified organisms (GMO) inputs are considered 'natural' when consumer preferences lean towards synthetic additives-free products. This is supported by the broader trend which leans towards sustainability and health consciousness as opposed to one based on marketing strategy.
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Key Takeaways from the Global Nucleotide Market Study:
An increasing number of consumers want immune support including supplementation with nucleotide. Nucleotides are added to animal feedstuffs to improve both the growth rate and immunity of livestock and aquaculture species respectively. Infant formulae today can be enriched with these molecules to look identical in terms of composition to human breast milk. The governments also acknowledge this discovery, thus creating favorable regulations for supporting the nascent industry.
“The nucleotide market will be won by those companies who put efforts into ground-breaking innovation and eco-management while simultaneously bolstering user convenience at higher levels backed up by product differentiation strategies ,” says Nandini Roy Choudhury , Client Partner at Future Market Insights
Who is winning?
More noticeable is a recent surge in R&D activities leading to new nucleotide formulations as close to naturally occurring substances within cells as possible. Strategic mergers and acquisitions are being done to increase the range of products and expand market outreach. Being aware of the ever-increasing need for nutraceuticals and health-promoting ingredients, industry leaders aim at entering emerging markets.
SynCrest Inc., a peptide and nucleotide CRDMO joint venture between Yokogawa Electric Corp. and Otsuka Chemical Co., Ltd., has launched operations serving pharmaceutical companies and research institutions in Japan, North America, South America, Europe.
Nanjing Bio Together Co., Ltd., Affymetrix Inc., DSM Nutritional Products Ltd., F. Hoffmann-La Roche Ltd., ThermoFisher Scientific Inc., CJ CheilJedang Corporation, Agilent Technologies Inc., PR omega Corporation, Biorigin, Ohly GmbH, Star Lake Bioscience Co., NuEra Nutrition, and Lallemand Inc. are some of the top players driving the industry growth.
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Future Market Insights, in its new offering, provides a thorough, detailed, and unbiased analysis of the Global Nucleotide Market, presenting Historical Demand data for the years 2019-2023 and Forecast statistics for the years 2024-2034. The study categorizes the valuable insights on the Global Nucleotide Market based on Application, Technology, and Region. As per applications, the industry is segmented into Pharmaceuticals, Diagnostics Research, Food & Beverage Additives, Animal Feed Additives, and Others. Based on Technology, the market can be categorized into TaqMan allelic discrimination, Gene chips & microarrays, SNP by pyrosequencing, and Others.
Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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Global nucleotide premixes industry sales hit around USD 408.2 million by the end of 2024. With a projected 7.0% CAGR, the market is set to surpass USD 694.0 million by 2034.
The global yeast nucleotides market size is expected to grow from USD 146.7 million in 2023 to USD 278.0 million by 2033, driven by a notable CAGR of 6.6% over the decade.
The demand for animal feed market is projected to exceed USD 530.0 billion in 2023 and reach USD 929.0 billion by 2033, with a steady CAGR of 7.3% over the decade.
The global animal feed additive market size is projected to increase from USD 55,842.2 million in 2024 to USD 109,184.5 million in 2034. The market is anticipated to surge at a CAGR of 6.9% by 2034.
The food and beverage additive market size is anticipated to be valued at USD 65.20 billion in 2024, registering a CAGR of 5.80% from 2024 to 2034. The market is foreseen to reach USD 104.79 billion by 2034.
The global food additive market is expected to hit USD 310.9 billion in 2024, with a strong CAGR of 7.2% driving it to USD 551.4 billion by 2034.
The demand for customized premix market is projected to reach USD 9,742.6 million in 2024 and grow to USD 17,654.7 million by 2034, with a steady CAGR of 6.1%.
The nutritional yeast market size is set to reach USD 257.38 million in 2024 and is projected to grow to USD 894.07 million by 2034, with a robust CAGR of 13.3%.
The global mineral premixes market size is anticipated to reach USD 761.1 million by 2022 and is projected to grow to USD 1,742.2 million by 2032, with an 8.6% CAGR.
The yeast autolysates market size is poised to reach USD 1,825.9 million in 2024, with global sales expected to grow at a 5.8% CAGR, reaching USD 3,207.8 million by 2034.
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