The global nucleotide market size is expected to reach US$ 880.7 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of little less than 6% between 2019 and 2029. The market will considerably gain from the increasing scope of application in food and beverages industry and pharmaceuticals sector.
Additionally, 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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Key Takeaways from the Nucleotides Market Study:
- The U.S. is estimated to account for more than 90.0% of the North American market in 2021 and it is expected to grow with CAGR of 5.6% over the forecasted period.
- According to FMI analysis, China is estimated to account for nearly 50.3% of the East Asia market share in 2021.
- Germany is dominating the European Nucleotides market with a market share of 16.3% in 2021, supported by the rising consumer awareness about nutritional benefits of Nucleotides.
Increasing Use of Nucleotide to Provide Better Nutrition in Food will Trigger Growth to the Market
In recent years, the usage of nucleotides in various food products to improve nutrition has expanded significantly. By enhancing immune system functioning, nucleotides can help with problems like stress or a bad diet. As people become more aware of the product’s benefits, it will be adopted more widely over the world. According to research, the market’s potential opportunities are created by the constantly expanding demand for food fortification.
Nutrient inadequacy and malnutrition, which are on the rise around the world, are two major factors driving up demand for nucleotides.
To meet the growing demand, manufacturers are developing nucleotide premixes that provide improved health advantages. These strategies adopted by the market players are boosting growth opportunities for the market.
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“The growing variety of applications for nucleotides, particularly in nutraceutical products, will help the market grow. Developed regions would emerge as significant market places in the nucleotide industry as a result of rising demand for nutritious food goods,” said a lead analyst at FMI.
Who is Winning?
Some of the leading players operating in the nucleotide market are Star Lake Bioscience Co., Inc, F. Hoffmann-La Roche Ltd, Promega Corporation, Agilent Technologies Inc., NuEra Nutrition, CJ CheilJedang Corporation, Meihua Group, Biorigin, DSM Nutritional Products Ltd., ThermoFisher Scientific Inc., 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.
Get Valuable Insights into Nucleotide Market
Future Market Insights, in its new report, presents an unbiased analysis of the global nucleotide market, covering historical demand data and forecast figures for the period between 2021 and 2031. The study divulges compelling insights into growth witnessed in the market. In terms of technology the market can be segmented into TaqMan allelic discrimination, gene chips & microarrays, SNP by pyrosequencing and others. Based on application, the market covers pharmaceuticals, diagnostics research, food and beverages additive, animal feed additive and others. Regionally, the key segments in the market are North America, Latin America, East Asia, Europe, South Asia, Oceania, and the MEA.
Key Questions Answered in the Report
- How much is the Nucleotides market current worth?
- At what CAGR is the market expected to grow?
- How was the performance in the last five years?
- What are the key trends boosting Nucleotides sales?
- How are market players reacting to the new developments in the market?
- How much share does the top 5 companies hold?
- Which are the major countries driving demand for nucleotides?
- What outlook does East Asia provide?
- At what rate will the U.S. nucleotides market grow?
- At what level does the report reflect pricing analysis?
- What is nucleotide?
- What is the use of nucleotide?
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