Molecular Farming: The Emergence of Global Markets

Molecular farming: Global markets are a dynamic landscape where innovative biotechnology intersects with agriculture and pharmaceuticals. Learn how to use nature's plants and animals to produce essential proteins and bioactive compounds for a sustainable future.

BOSTON, May 8, 2024 /PRNewswire/ -- According to the latest BCC Research study, the demand for Molecular Farming: Global Markets is expected to grow from $454.1 million in 2023 and is projected to reach $916.3 million by the end of 2028, at a compound annual growth rate (CAGR) of 15.1% during the forecast period.

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The report comprehensively analyzes the molecular Farming industry, focusing on its various market segments and global scope. The market is divided into plant and animal categories and covers various end-uses including nutritional products, pharmaceuticals, dairy products, etc. The report's geographic segmentation covers North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW), providing insight into regional dynamics and market trends. Revenue forecasts, based on total manufacturer revenue, provide a comprehensive picture of the industry's financial health, and projections are expressed in constant US dollars and are not adjusted for inflation.

The global molecular farming market is witnessing increased financing activities, creating ample growth opportunities. Nobel Foods, for example, raised $100 million through July 2021 after previously successful Series A rounds totaling $25 million and a 2017 Series B round totaling $75 million. Key players are pursuing joint ventures and research initiatives to expand their molecular agriculture businesses. Moolec Science SA's recent joint venture with Grupo Insud aims to develop low-cost, high-tech molecular agricultural products for the pharmaceutical industry. Due to increasing consumer acceptance and market demand, startups are also focusing on genetically modified tobacco crops for pharmaceutical use.

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Key Drivers of Molecular Farming: Global Markets

Increasing Demand for Proteins from the Pharmaceutical Industry: The pharmaceutical industry relies heavily on proteins for various purposes such as drug development, diagnostics, and therapeutic applications. Molecular farming offers a cost-effective and scalable method to produce proteins such as antibodies, enzymes, and growth factors. As the demand for these proteins continues to grow, molecular agriculture is becoming an attractive solution to the industry's needs.

Increased Funding and Investment in the Molecular Farming Industry: Funding and investment in molecular farming research and development has increased significantly in recent years. Investors recognize the technology's potential to revolutionize protein production and address key health challenges. These investments drive innovation, accelerate product development, and expand the market for molecular agriculture.

Growing R&D Efforts: Research and development in molecular farming has been continuously strengthened and significant progress has been made. Scientists are exploring new plant performance systems, improving production processes, and increasing protein yields. Collaboration between academia, industry, and research institutions plays a key role in expanding knowledge and experience in this field.

Opportunities for Customized Products: Molecular farming enables the production of proteins tailored for specific applications. By choosing a suitable plant host and optimizing expression conditions, researchers can create proteins with desired properties. This type of customization is not limited to pharmaceutical products but also includes industrial enzymes, biofuels, and other biological products.

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Report Synopsis

     
              Report Metrics  
     
              Details



     Base year considered                                                                                                             2022



     Forecast Period considered 
     2023-2028



     Base year market size                                                                                         
            $398.0 million



     Market Size Forecast                                                                                          
            $916.3 million



     Growth Rate                
     CAGR of 15.1% for the forecast period of 2023-2028



     Segment Covered            
     Type, End Uses, and Region



     Regions covered            
     North America, Europe, Asia-Pacific, and Rest of the World (RoW)



     Countries covered            U.S., Canada, Germany, the U.K., France, China, India, Japan, the Middle East
                                    and South America



     Key Market Drivers

                                             Increasing demand for proteins from the pharmaceutical industry.
                                                 
               
              Increased funding and investment in the molecular
                                                                      farming industry.
            
            
               
              Growing R&D
                                               efforts.
            
            
               
              Opportunities for customized
                                               products.

Segmentation Analysis:

Type Segmentation Analysis:

    --  Plant-Based Molecular Farming: Using plants like tobacco, maize, or
        soybeans to produce proteins and enzymes. Advantages include scalability
        and cost-effectiveness.
    --  Animal-Based Molecular Farming: Utilizing animals, typically transgenic
        livestock, to produce therapeutic proteins. Offers higher yields but is
        more complex and expensive.

End-Use Applications Segmentation Analysis:

    --  Nutraceuticals: Bioactive compounds found in food or dietary
        supplements, produced through molecular farming for health benefits.
    --  Pharmaceuticals: Production of therapeutic proteins like antibodies and
        vaccines for treating diseases.
    --  Dairy Products: Enhancing dairy products by introducing specific
        therapeutic proteins. Molecular farming also applies to industrial
        enzymes, biofuels, and specialty chemicals.

This Molecular Agriculture: Global Market report provides comprehensive information and analysis covering the following key questions:

    1. What is the projected market size and growth rate of the market?The
       global molecular farming market is projected to grow from $398.0 million
       in 2022 to $916.3 million in 2028 at a compound annual growth rate (CAGR)
       of 15.1% during the forecast period.


    2. What are the key factors driving the growth of the market?The key factors
       driving the growth of the molecular farming market include:
        --  Increasing global population and demand for nutritious food
        --  Increasing demand for proteins from the pharmaceutical industry
        --  Growing applications of molecular farming in the enzyme industry


        --  Increased funding and investment in the molecular farming industry



    3. What segments are covered in the market?The molecular farming market is
       segmented based on type, end-user, and region. By type, it is segmented
       into two major segments, plant and animal; by end-use, the market is
       segmented into pharmaceutical, nutraceutical, dairy, and others.



    4. By end-use, which segment will dominate the market by the end of 2028?The
       nutraceutical segment will dominate by the end of 2028.

    5. Which region has the highest market share in the market?North America
       holds the highest share of the market. Continuing industrialization of
       the nutraceutical food and agricultural systems, mainly in the U.S. and
       Canada, is expected to enhance molecular farming production with an
       eco-friendly production process. The growing research and development
       activities in biopharmaceutical industries further create ample
       opportunity in the North American molecular farming business.

Some of the Key Market Players Are:

    --  BIOBETTER
    --  BRIGHT BIOTECH
    --  CORE BIOGENESIS
    --  FORTE PROTEIN INC.
    --  INGREDIENTWERKS
    --  KYOMEI
    --  MIRUKU LTD.
    --  MOOLEC SCIENCE SA
    --  MOZZA FOODS
    --  NOBELL FOODS
    --  ORF GENETICS
    --  PIGMENTUM
    --  PLANTFORM CORP.
    --  TIAMAT SCIENCES

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