Molecular Farming Market
Molecular Farming Market Forecasts to 2030 - Global Analysis By Type (Plant-Based, Animal-Based, and Other Types), Scale, Crop Source, Technology, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $531.75 MN |
|
Projected Year Value (2030) |
US $1371.03 MN |
|
CAGR (2024- 2030) |
17.1% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Molecular Farming Market is accounted for $531.75 million in 2024 and is expected to reach $1371.03 million by 2030 growing at a CAGR of 17.1% during the forecast period. Molecular farming is the process of producing useful bioproducts including proteins, vaccines, enzymes, and biofuels by using genetically engineered plants, microbes, or algae. It offers a scalable and affordable substitute for conventional production techniques by introducing particular genes into organisms to allow them to synthesis desired chemicals. Molecular farming is being used more and more in the pharmaceutical, agricultural, and industrial sectors. It is promoting biotechnology advancements and helping to provide sustainable solutions for energy, food production, and medicine.
Market Dynamics:
Driver:
Growing demand for biopharmaceuticals
The need for biopharmaceuticals is growing along with the prevalence of chronic diseases like diabetes, cancer, and cardiovascular disorders. Biopharmaceuticals offer targeted and effective treatments, driving growth in the molecular farming market. Additionally, advancements in biotechnology and genetic engineering have made it possible to produce complex proteins and antibodies using plant-based systems. These systems are often more cost-effective and scalable compared to traditional methods. The growing biopharmaceutical market creates a favourable environment for molecular farming technologies to thrive.
Restraint:
High initial investment
Molecular farming enterprises involve a large initial investment in infrastructure, machinery, and technology. This high initial cost can be a significant barrier for new entrants and smaller companies. Additionally, the regulatory approval process for biopharmaceuticals produced through molecular farming can be lengthy and expensive. Companies must also invest in research and development to optimize production processes and ensure product quality. These financial challenges can hinder the growth and expansion of the molecular farming market.
Opportunity:
Rising demand for plant-based proteins
Consumer preferences are shifting towards plant-based diets, driven by health, environmental, and ethical considerations. This trend has led to a growing demand for plant-based proteins, which are seen as sustainable and healthy alternatives to animal-based products. Molecular farming offers a promising solution to meet this demand by producing high-quality plant-based proteins. Additionally, advancements in genetic engineering enable the production of customized proteins with specific nutritional and functional properties. The increasing popularity of plant-based diets presents a significant growth opportunity for the molecular farming market.
Threat:
Vulnerability to environmental factors
Agricultural systems that are susceptible to environmental factors including pests, diseases, and climate change are the basis of molecular farming operations. These factors can impact crop yields, product quality, and overall productivity. For example, extreme weather events such as droughts or floods can devastate crops and disrupt production. Additionally, pests and diseases can spread rapidly and cause significant damage to plants. Mitigating these risks requires robust agricultural practices, investment in resilient crop varieties, and effective pest and disease management strategies.
Covid-19 Impact
The COVID-19 pandemic has had a profound impact on the molecular farming market. The pandemic has highlighted the importance of biopharmaceuticals and accelerated the development of new therapies and vaccines. Molecular farming has gained attention as a potential platform for producing biopharmaceuticals quickly and efficiently. Additionally, the pandemic has spurred investment in biotechnology and healthcare infrastructure, creating opportunities for molecular farming technologies. However, supply chain disruptions and logistical challenges during the pandemic have also posed obstacles for the market.
The plant-based segment is expected to be the largest during the forecast period
The plant-based segment is expected to account for the largest market share during the forecast period, due to the increasing consumer preference for sustainable and healthy food products. Plant-based proteins produced through molecular farming offer a viable alternative to traditional animal-based proteins. Additionally, the environmental benefits of plant-based proteins, such as reduced greenhouse gas emissions and lower resource usage, further drive their popularity. The growing awareness of health and environmental issues supports the expansion of the plant-based segment in the molecular farming market.
The pharmaceuticals segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the pharmaceuticals segment is predicted to witness the highest growth rate, due to the rising need for innovative and cost-effective drugs, vaccines, and therapeutic proteins produced through molecular farming. Furthermore, molecular farming allows for the rapid production of therapeutic proteins in response to emerging health threats. The pharmaceutical industry's focus on developing new treatments for various diseases, including infectious diseases and chronic conditions, drives the demand for molecular farming technologies.
Region with largest share:
During the forecast period, Asia Pacific region is expected to hold the largest market share, due to the region's large population and increasing healthcare expenditure drive the demand for advanced biopharmaceuticals. Additionally, government initiatives to support healthcare and medical research contribute to the market's growth. The presence of a robust biotechnology industry and ongoing investments in R&D further bolster the molecular farming market in the Asia Pacific region. As the region continues to develop, the demand for biopharmaceuticals is expected to increase, making it a crucial market for molecular farming technologies.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to a developed healthcare infrastructure, a growing senior population. The increasing incidence of neurodegenerative illnesses like ALS and Alzheimer's in the area has raised the need for precise and sensitive biomarkers like NfL. Furthermore, the development and marketing of NfL-based diagnostic tests and therapeutic interventions have been expedited by the presence of prominent pharmaceutical and biotechnology firms in North America.
Key players in the market
Some of the key players profiled in the Molecular Farming Market include Syngenta AG, Monsanto, Corteva Agriscience, Medicago Inc., SAB Biotherapeutics, Zymergen, Mapp Biopharmaceuticals, Ventria Bioscience, ArcelorMittal, GreenGate Biotech, Evonik Industries, NexBio, BASF SE, Tobacco Biotechnology Company (TBC), and Kirin Holdings Company, Ltd.
Key Developments:
In November 2024, McDonald’s USA, syngenta and lopez foods collaborate to help produce beef more sustainably in the US, Syngenta, McDonald’s and Lopez Foods announce collaboration aimed at helping to reduce certain environmental impacts during beef production.
In November 2024, Corteva Inc. announced a collaboration with bp on the companies’ shared intent to form a crop-based biofuel feedstock joint venture (JV). The JV envisaged by Corteva and bp would produce and deliver crop-based biofuel feedstocks to help meet the anticipated growth in demand for ‘sustainable aviation fuel’ (SAF).
Types Covered:
• Plant-Based
• Animal-Based
• Other Types
Scales Covered:
• Pilot-Scale Production
• Lab-Scale Production
• Commercial-Scale Production
Crop Sources Covered:
• Maize
• Barley
• Tobacco
• Safflower
• Rice
• Alfalfa
• Other Crop Sources
Technologies Covered:
• RNA Interference (RNAi)
• Agrobacterium-Mediated Gene Transfer
• Transgenic Plants
• Agroinfiltration
• Electroporation
• Other Technologies
Applications Covered:
• Food & Feed
• Industrial Enzymes
• Nutraceuticals
• Dairy
• Other Applications
End Users Covered:
• Agricultural Industry
• Biotechnology & Pharmaceutical Companies
• Research Institutions & Academia
• Contract Manufacturing Organizations (CMOs)
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Molecular Farming Market, By Type
5.1 Introduction
5.2 Plant-Based
5.3 Animal-Based
5.4 Other Types
6 Global Molecular Farming Market, By Scale
6.1 Introduction
6.2 Pilot-Scale Production
6.3 Lab-Scale Production
6.4 Commercial-Scale Production
7 Global Molecular Farming Market, By Crop Source
7.1 Introduction
7.2 Maize
7.3 Barley
7.4 Tobacco
7.5 Safflower
7.6 Rice
7.7 Alfalfa
7.8 Other Crop Sources
8 Global Molecular Farming Market, By Technology
8.1 Introduction
8.2 RNA Interference (RNAi)
8.3 Agrobacterium-Mediated Gene Transfer
8.4 Transgenic Plants
8.5 Agroinfiltration
8.6 Electroporation
8.7 Other Technologies
9 Global Molecular Farming Market, By Application
9.1 Introduction
9.2 Food & Feed
9.3 Industrial Enzymes
9.4 Nutraceuticals
9.5 Dairy
9.6 Other Applications
10 Global Molecular Farming Market, By End User
10.1 Introduction
10.2 Agricultural Industry
10.3 Biotechnology & Pharmaceutical Companies
10.4 Research Institutions & Academia
10.5 Contract Manufacturing Organizations (CMOs)
10.6 Other End Users
11 Global Molecular Farming Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Syngenta AG
13.2 Monsanto
13.3 Corteva Agriscience
13.4 Medicago Inc.
13.5 SAB Biotherapeutics
13.6 Zymergen
13.7 Mapp Biopharmaceuticals
13.8 Ventria Bioscience
13.9 ArcelorMittal
13.10 GreenGate Biotech
13.11 Evonik Industries
13.12 NexBio
13.13 BASF SE
13.14 Tobacco Biotechnology Company (TBC)
13.15 Kirin Holdings Company, Ltd.
List of Tables
1 Global Molecular Farming Market Outlook, By Region (2022-2030) ($MN)
2 Global Molecular Farming Market Outlook, By Type (2022-2030) ($MN)
3 Global Molecular Farming Market Outlook, By Plant-Based (2022-2030) ($MN)
4 Global Molecular Farming Market Outlook, By Animal-Based (2022-2030) ($MN)
5 Global Molecular Farming Market Outlook, By Other Types (2022-2030) ($MN)
6 Global Molecular Farming Market Outlook, By Scale (2022-2030) ($MN)
7 Global Molecular Farming Market Outlook, By Pilot-Scale Production (2022-2030) ($MN)
8 Global Molecular Farming Market Outlook, By Lab-Scale Production (2022-2030) ($MN)
9 Global Molecular Farming Market Outlook, By Commercial-Scale Production (2022-2030) ($MN)
10 Global Molecular Farming Market Outlook, By Crop Source (2022-2030) ($MN)
11 Global Molecular Farming Market Outlook, By Maize (2022-2030) ($MN)
12 Global Molecular Farming Market Outlook, By Barley (2022-2030) ($MN)
13 Global Molecular Farming Market Outlook, By Tobacco (2022-2030) ($MN)
14 Global Molecular Farming Market Outlook, By Safflower (2022-2030) ($MN)
15 Global Molecular Farming Market Outlook, By Rice (2022-2030) ($MN)
16 Global Molecular Farming Market Outlook, By Alfalfa (2022-2030) ($MN)
17 Global Molecular Farming Market Outlook, By Other Crop Sources (2022-2030) ($MN)
18 Global Molecular Farming Market Outlook, By Technology (2022-2030) ($MN)
19 Global Molecular Farming Market Outlook, By RNA Interference (RNAi) (2022-2030) ($MN)
20 Global Molecular Farming Market Outlook, By Agrobacterium-Mediated Gene Transfer (2022-2030) ($MN)
21 Global Molecular Farming Market Outlook, By Transgenic Plants (2022-2030) ($MN)
22 Global Molecular Farming Market Outlook, By Agroinfiltration (2022-2030) ($MN)
23 Global Molecular Farming Market Outlook, By Electroporation (2022-2030) ($MN)
24 Global Molecular Farming Market Outlook, By Other Technologies (2022-2030) ($MN)
25 Global Molecular Farming Market Outlook, By Application (2022-2030) ($MN)
26 Global Molecular Farming Market Outlook, By Food & Feed (2022-2030) ($MN)
27 Global Molecular Farming Market Outlook, By Industrial Enzymes (2022-2030) ($MN)
28 Global Molecular Farming Market Outlook, By Nutraceuticals (2022-2030) ($MN)
29 Global Molecular Farming Market Outlook, By Dairy (2022-2030) ($MN)
30 Global Molecular Farming Market Outlook, By Other Applications (2022-2030) ($MN)
31 Global Molecular Farming Market Outlook, By End User (2022-2030) ($MN)
32 Global Molecular Farming Market Outlook, By Agricultural Industry (2022-2030) ($MN)
33 Global Molecular Farming Market Outlook, By Biotechnology & Pharmaceutical Companies (2022-2030) ($MN)
34 Global Molecular Farming Market Outlook, By Research Institutions & Academia (2022-2030) ($MN)
35 Global Molecular Farming Market Outlook, By Contract Manufacturing Organizations (CMOs) (2022-2030) ($MN)
36 Global Molecular Farming Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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