Newly released data from nucleotides market analysis shows that global demand of overall nucleotides market enjoyed year-on-year growth of 5.8% in 2021 to total US$ 559.9 Mn and it is expected to grow with a CAGR of 6.1% over the forecasted period.
The market will considerably gain from the increasing scope of application in food and beverages industry and pharmaceuticals sector. The rising awareness among consumers about the adverse health impacts of savoury ingredients is tipping scales in favour of nucleotide-based flavour enhancers. In the coming years, therefore, the market will report strong growth, driven by the increasing applications across diverse sectors.
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It includes in-depth insights into the nucleotide market. Some of these are:
- The estimated value of the market was at US$ 501.1 Mn in 2021. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- Regionally, North America has emerged as a key market for nucleotide.
- In addition to this, Europe is expected to remain steady as key markets for nucleotide.
- Among key technologies used in the market, TaqMan allelic discrimination is identified as the most sought-after technology.
- Key players are likely to focus on product innovations to stay relevant in developed markets.
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“The increasing scope of application of nucleotide, especially in nutraceutical products will aid the market’s expansion. As a result of high demand for nutritive food products, developed regions will emerge as key market places in the nucleotide market,” said a lead analyst at FMI.
Rising Use of Nucleotide to Offer Better Nutrition in Food will Boost Growth
The use of nucleotide in various food products to offer better nutrition has considerably increased in the last few years. Nucleotide often helps in conditions such as stress or poor diet by optimizing immune system functions. The rising awareness about the benefits of the product will result in higher adoption across the world. According to studies, the persistently rising demand for food fortification creates growth opportunities for the market.
The steadily surging prevalence of nutrient deficiency and malnutrition around the world are two leading causes fuelling the demand for nucleotide. To cater to the rising demand, manufacturers are therefore coming up with nucleotide premixes that ensure better health benefits. These strategies adopted by the market players are bolstering growth opportunities for the market.
Who is Winning?
Some of the leading players operating in the nucleotide market are CJ CheilJedang Corporation, Star Lake Bioscience Co., Inc, ThermoFisher Scientific Inc., F. Hoffmann-La Roche Ltd, Promega Corporation, Agilent Technologies Inc., NuEra Nutrition, Meihua Group, Biorigin, DSM Nutritional Products Ltd., Affymetrix Inc., Lallemand Inc., Nanjing BioTogether Co., Ltd., and Ohly GmbH.mention the leading companies).
As a result of increasing competition, nucleotide manufacturers are focusing on innovation and product development. Several new players are focusing on product launches in food and dietary supplements segments.
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Get Valuable Insights into Nucleotide Market
By Technology:
- TaqMan allelic discrimination
- SNP by pyrosequencing
- Gene chips & microarrays
- Others
By Application:
- Food & beverage additive
- Animal feed additive
- Pharmaceuticals
- Diagnostics research
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9-years.
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