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Worldwide Protein Drugs Industry to 2026 - Prevalence of Chronic Diseases is Driving Growth

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Biotech Ingredients Market to Garner $75.3 Billion, Globally, By 2028 at 4.8% CAGR, Says Allied Market Research

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PORTLAND, Ore., July 5, 2021 /PRNewswire/ Allied Market Research published a report, titled,
Biotech Ingredients Market by Type (Active Pharmaceutical Ingredients and Biosimilars), Product (Monoclonal Antibodies, Vaccines, Hormones and Growth Factors, Cytokines, Fusion Proteins, Therapeutic Enzymes, and Blood Factors), and Expression Systems (Mammalian Expression Systems, Microbial Expression Systems, Yeast Expression Systems, Plant Expression Systems, and Insect Expression Systems): Global Opportunity Analysis and Industry Forecast, 2021–2028. According to the report, the global biotech ingredients industry was estimated at $51.3 billion in 2020, and is expected to hit $75.3 billion by 2028, registering a CAGR of 4.8% from 2021 to 2028.
Drivers, restraints, and opportunities-
Increase in consumer preference from synthetic to bio-based ingredients and development in biotechnology propel the growth of the global biotech ingredients market ....

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