The global nucleotide market was worth US$ 529.2 Million in the year 2021 and is expected to witness a CAGR of 5.8% between 2021 and 2031.
A nucleotide comes across as one of the organic molecules that is a building block of RNA and DNA and is also inclusive of functions related to metabolism, signalling, and enzyme reactions. A nitrogenous base constitutes the nucleotide market. It comprises purine and pyrimidine.
IMP (Inosine monophosphate) and GMP (Guanosine Monophosphate) act as palatability enhancers in food. As such, they aid nucleotides for improving feed’s palatability. Dietary nucleotides strengthen immunity as they positively impact recovery of the intestinal epithelial cells.
The pet owners are also getting more aware about their pets’ diets; which is driving demand for the feed premixes. Thus, veterinary food segment is expected to keep the cash registers ringing in the nucleotide market.
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At the same time, the fact that the aquafeed industry is less into adoption of nucleotides is expected to hinder the nucleotide market in the forecast period. As of now, 15+ countries have adopted the nucleotide market. Conduction of awareness campaigns on this count could help in the growth of nucleotide market.
Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Nucleotide Market’. It has its team of analysts and consultants to deploy an eagle’s eye-view in its primary, secondary, and tertiary modes of research.
“With nucleotides increasingly being used in the pharmaceuticals’ vertical apart from animal feed, the global nucleotide market is expected to witness persistence in the forecast period”, says an analyst from nucleotide market.
Key Takeaways from Nucleotide Market
- North America holds a noticeable market share due to more number of manufacturers vying for gluten-free nucleotide premixes.
- Europe holds the second-largest market share with Germany leading from the front. This could be credited to nucleotides positively influencing infant nutrition. Plus, with animals’ nucleotides in greater demand, the UK is expected to grow on a grand note in the forecast period. Measuring levels of nucleotide in animals’ tissues does provide an objective indicator of freshness of meat (pork, beef, lamb, poultry).
- The Asia-Pacific is expected to grow at a rapid pace in the nucleotide market going forward with countries like India and China showing inclination toward nutritional food products.
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Competitive Analysis
- PPD Inc. was successfully acquired by Thermo Fisher Scientific in December 2021 to expand the scope of providing nucleotides.
- The International Feed Industry Federation has estimated that annual global output of the compound feed has crossed 1 Billion tons. Revenue of more than US$ 400 Billion is generated every year through production of commercial feeds at the global level.
- Thermo Fisher Scientific, in January 2023, did announce acquiring The Binding Site Group (one of the shareholders in specialty diagnostics) from European private equity firm ‘Nordic Capital’.
- Agilent technologies, in January 2023, did announce inking an agreement with Quest Diagnostics to facilitate patients and providers all through the US to access ctDx FIRST liquid biopsy next-generation sequencing (NGS) test.
What does the Report state?
- The research study is based on technology (TaqMan Allelic Discrimination, SNP by pyrosequencing, gene chips & microarrays, and likewise), and by application (food & beverage additive, animal feed additive, pharmaceuticals, diagnostics research, and likewise).
- With growing adoption of infant nutrition products abreast with premixes, the global nucleotide market is expected to grow on a good note in the forecast period.
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Market Segments Covered in Nucleotides Industry Analysis
By Technology:
- TaqMan allelic discrimination
- SNP by pyrosequencing
- Gene chips & microarrays
- Others
By Application:
- Food & beverage additive
- Animal feed additive
- Pharmaceuticals
- Diagnostics research
- Others
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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