Protein Engineering Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The propelling factors for the growth of the global protein engineering market include the increasing prevalence of protein-deficient diseases, the increase in adoption of protein drugs over non-protein drugs, increased demand for alternatives to chemical processes, and rising government funding for protein engineering.

Protein-energy malnutrition (PEM) is increasing in the rural areas of emerging economies. It refers to a group of disorders that include marasmus, kwashiorkor, and intermediate states of marasmus-kwashiorkor. Therefore, the prevalence of kwashiorkor varies across geographies. It is rare in the United States. However, some of the affected regions include Southeast Asia, Central America, Congo, Puerto Rico, Jamaica, and South Africa. Thus, the increasing prevalence of protein-deficient diseases is driving the demand for the overall market.

There is a rising number of government initiatives, such as funding R&D for protein engineering and awareness programs, which influenced the healthcare industry. Thus, the government is proactively investing in many of the research studies. For instance, Protein Technologies Ltd (PTL) received funding from the UK government’s Technology Strategy Board (now Innovate UK), for its innovative research in protein engineering. Hence, the increasing number of government initiatives for the efficient protein engineering research helps in driving the overall growth of the market.

Protein engineering also holds an immense opportunity in the agrochemical industry, as engineering in proteins may lead to the generation of enzymes with improved function, that may increase the crop yield or facilitate the biofuel production. It is also likely to play an important role as a tool, to attain increased crop yield needed to meet future demands.

Scope of the Report

As per the scope of the report, protein engineering is the manipulation of the structures of proteins to produce the desired properties, or the synthesis of proteins with particular structures. It is a process by which novel proteins with desired properties are developed, and it has grown enormously since the past three decades. In the past few years, protein engineers have successfully generated a wide range of proteins tailored to specific health, industry, medicine, research, and biotechnology applications.

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Key Market Trends

Monoclonal Antibodies by Protein Type is Expected to be Largest Contributor in the Market over the Forecast Period

Monoclonal antibodies are anticipated to hold the largest market share over the forecast period, owing to their high adoption for numerous therapies, such as cancer and autoimmune diseases. The increasing prevalence of cancer and other autoimmune diseases has significantly increased the use of monoclonal bodies for the treatment of diseases. They also have tremendous applications in the fields of therapeutics, diagnostics, and targeted drug delivery systems, for infectious diseases caused by viruses, bacteria, protozoa, metabolic and hormonal disorders. Hence, recombinant deoxyribonucleic acid technology, through genetic engineering, has successfully led to the possibility of reconstruction of monoclonal antibodies, in turn, fueling the growth of the segment.

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