JERSEY CITY, N.J., June 21, 2024 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Molecular Pharming Market [https://www.insightaceanalytic.com/report/molecular-pharming-market/1712] Size, Share & Trends Analysis Report By Crop Source (Maize, Barley, Tobacco, Safflower, Rice, Alfalfa), By Technology (Gene Gun, Agroinfiltration, Electroporation, Agrobacterium-Mediated Gene Transfer), By Application (Recombinant Antibodies, Hormones, Vaccines, Industrial Enzymes, Proteins & Protein-Based Materials, Technical Reagents, Nutritional Products), By End User (Biotechnology & Pharmaceutical Companies, Contract Manufacturing Organizations)- Market Outlook And Industry Analysis 2031"
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The Global Molecular Pharming Market is valued at US$ 457.7 Mn in 2023, and it is expected to reach US$ 1,399.8 Mn by 2031, with a CAGR of 15.3% during the forecast period of 2024-2031.
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Molecular pharming refers to biologics production in plant systems to reduce the cost of microbial systems. Molecular farming is an innovative method for producing molecular medicines, including plasma proteins, enzymes, growth factors, vaccinations, and recombinant antibodies. These medicines have widely accepted medicinal uses at a molecular level. The approach has the potential to change the pharmaceutical industry by providing highly efficient and cost-effective treatments to all segments of the population. Plant-based protein expression offers practical, secure, efficient, and cost-effective advantages.
Molecular pharming has the potential to offer a new platform for the development and delivery of vaccines and therapeutics for infectious diseases, particularly in low-resource environments. It can also contribute to improving human health and well-being by generating proteins that can regulate various physiological functions, including growth, metabolism, reproduction, and immunity.
By encouraging innovation, collaboration, and diversification, molecular pharming can also generate novel opportunities for the biotechnology sector and the entrepreneurial landscape. It can potentially facilitate the creation of innovative products and services that can directly address unmet medical requirements and market demands. The global molecular pharmaceutical industry will rise rapidly due to the expansion of studies into producing pharmaceuticals from plants and products. The sudden demand for precision medicine and its production from natural and organic sources will contribute to the market's growth during the next five years.
List of Prominent Players in the Molecular Pharming Market:
-- Leaf Expression Systems
-- ORF Genetics hf.
-- Agrenvec S.L.
-- PlantForm
-- Protalix Biotherapeutics
-- Kbio, Inc.
-- Cape Biologix Technologies (Cape Bio Pharms)
-- Bright Biotech
-- Moolec Science SA
-- Miruku
-- Tiamat Sciences Corp.
-- IngredientWerks
-- Core Biogenesis
-- Diamante Società Benefit S.r.l.
-- Elo Life Systems
-- G+FLAS Life Sciences, Inc.
-- BIOBETTER
-- MOZZA FOODS
-- FORTE PROTEIN INC.
-- KYOMEI
-- NOBELL FOODS
-- PIGMENTUM
-- MNPHARM
-- Finally Foods
-- Tiamat Sciences
-- POLOPO Ltd.
-- VELOZBIO
-- newmoo Foods
-- BionFarming GmbH
Molecular Pharming Market Report Scope:
Report Attribute Specifications Market Size Value In 2023 USD 457.7 Mn Market Size Value In 2031 USD 1.399.8 Mn Growth rate CAGR CAGR of 15.3% from 2023 to 2031 Quantitative units Representation of revenue in US$ Mn, and CAGR from 2024 to 2031 Historic Year 2019 to 2023 Forecast Year 2024-2031 Report coverage The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends Segments covered By Crop Type, Technology, Applications and End Users Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa Country scope U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia
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Market Dynamics:
Drivers-
The rising need for biologics to target complicated illnesses and decrease side effects compared to traditional small-molecule medications will drive market expansion, and molecular pharming offers a viable option to address this demand by providing a cost-effective and scalable technology for biologic production.
Furthermore, increased investment in R&D activities related to molecular pharming, growing awareness of its benefits, and advancements in gene editing technologies that allow for precise modification of host organisms for higher yields and improved product quality drive its adoption, resulting in market growth. Moreover, Numerous partnerships have been formed between industry and non-industry groups to develop plant-based treatments. The global market for molecular pharming is anticipated to expand at a healthy rate due to factors such as the rising prevalence of disease indications, rising demand for biologics, ongoing efforts to advance the development of such products, and further optimization of the related technologies.
Challenges:
Several issues, including depletion of natural resources and environmental degradation, restrict crop production. Furthermore, a lack of public awareness restricts the market's growth.
Regional Trends:
The North American molecular pharming market is expected to register a considerable market share in revenue. It is projected to grow at a high CAGR shortly area is a pioneer in implementing new technologies. The region's market has a high revenue due to factors including expanding government efforts that boost the implementation of modern agriculture technologies and established infrastructure. Besides, Asia Pacific has a substantial share in the molecular pharming market in emerging nations like India, China, and Australia. Numerous government projects are being carried out to promote contemporary precision agricultural technologies, increasing production.
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Recent Developments:
-- In October 2023, Moolec Science, involved in development of animal
proteins using plants through molecular pharming, raised $30M in cash
and kind from investors via convertible notes. The company intends to
focus on additional meat molecules and proteins in a variety of R&D
initiatives. Instead of isolating and purifying the animal protein from
sources, the company intends to offer soy and pea proteins with the meat
proteins integrated in the matrix.
-- In Sep 2023, BioBetter, a FoodTech startup, launched its first
food-grade pilot facility in northern Israel to expedite production of
growth factors for cultivated meat. Using tobacco plants as
self-sustained bioreactors, they aim to produce 100kg daily, scaling up
to 5 tons by 2025, lowering costs for the industry.
-- In Nov 2022, Bright Biotech completed a financing round of $3.2 million.
With this funding, the company is planning to invest in research and
development for a novel genetic engineering technology to produce growth
factors, increase its staff of prominent scientists, and scale up its
manufacturing processes. The technique of the company extracts valuable
proteins from the chloroplasts of plants, which can allow grown meat
companies to reach affordable industrial manufacturing.
Segmentation of Molecular Pharming Market-
By Crop Source:
-- Maize
-- Barley
-- Tobacco
-- Safflower
-- Rice
-- Alfalfa
By Technology:
-- Gene Gun
-- Agroinfiltration
-- Electroporation
-- Agrobacterium-Mediated Gene Transfer
-- Others
By Application:
-- Recombinant Antibodies
-- Hormones
-- Vaccines
-- Industrial Enzymes
-- Proteins & Protein-Based Materials
-- Technical Reagents
-- Nutritional Products
-- Others
By End User:
-- Biotechnology & Pharmaceutical Companies
-- Contract Manufacturing Organizations
-- Others
By Region-
North America-
-- The US
-- Canada
-- Mexico
Europe-
-- Germany
-- The UK
-- France
-- Italy
-- Spain
-- Rest of Europe
Asia-Pacific-
-- China
-- Japan
-- India
-- South Korea
-- South East Asia
-- Rest of Asia Pacific
Latin America-
-- Brazil
-- Argentina
-- Rest of Latin America
Middle East & Africa-
-- GCC Countries
-- South Africa
-- Rest of Middle East and Africa
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Why should buy this report:
-- To receive a comprehensive analysis of the prospects for global
Molecular Pharming market
-- To receive industry overview and future trends of global Molecular
Pharming market
-- To analyze the Molecular Pharming market drivers and challenges
-- To get information on the Molecular Pharming market size value (US$ Mn)
forecast till 2031
-- Major Investments, Mergers & Acquisition in global Molecular Pharming
industry
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Plant-Based Vaccines Market [https://www.insightaceanalytic.com/report/global-plant-based-vaccines-market/1453]
Plant-based Expression Systems Market [https://www.insightaceanalytic.com/report/global-plant-based-expression-systems-market/1292]
Plant Genetic Engineering Market [https://www.insightaceanalytic.com/report/global-plant-genetic-engineering-market/1325]
Plant Based API Market [https://www.insightaceanalytic.com/report/plant-based-api-market/1715]
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