nucleotides market Thrives: Global demand surged 5.8% annually in 2021, reaching US$ 559.9 Million, with a projected 6.1% annual increase over the forecasted period. Benefiting from expanding applications in the food and beverage and pharmaceutical industries, nucleotide-based taste enhancers gain popularity as consumers prioritize health over traditional flavoring chemicals
According to recently released data from the nucleotides market study, the global demand for all nucleotides increased by 5.8% annually in 2021 to reach US$ 559.9 Million, and it is anticipated to increase by 6.1% annually over the forecasted period.
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The growing application potential in the food and beverage and pharmaceutical industries would be extremely beneficial to the industry. People are using more and more nucleotide-based taste enhancers as they become more aware of the harmful impacts that tasty chemicals have on their health. The market is anticipated to expand quickly in the next years as new applications are being developed in more fields.
It includes in-depth insights into the nucleotide market. Some of these are:
- The estimated value of the market was at US$ 501.1 Mn in 2021. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- Regionally, North America has emerged as a key market for nucleotide.
- In addition to this, Europe is expected to remain steady as key markets for nucleotide.
- Among key technologies used in the market, TaqMan allelic discrimination is identified as the most sought-after technology.
- Key players are likely to focus on product innovations to stay relevant in developed markets.
“The increasing scope of application of nucleotide, especially in nutraceutical products will aid the market’s expansion. As a result of high demand for nutritive food products, developed regions will emerge as key market places in the nucleotide market,” said a lead analyst at FMI.
Rising Use of Nucleotide to Offer Better Nutrition in Food will Boost Growth
The use of nucleotide in various food products to offer better nutrition has considerably increased in the last few years. Nucleotide often helps in conditions such as stress or poor diet by optimizing immune system functions. The rising awareness about the benefits of the product will result in higher adoption across the world. According to studies, the persistently rising demand for food fortification creates growth opportunities for the market.
The steadily surging prevalence of nutrient deficiency and malnutrition around the world are two leading causes fuelling the demand for nucleotide. To cater to the rising demand, manufacturers are therefore coming up with nucleotide premixes that ensure better health benefits. These strategies adopted by the market players are bolstering growth opportunities for the market.
Who is Winning?
Some of the leading players operating in the nucleotide market are CJ CheilJedang Corporation, Star Lake Bioscience Co., Inc, ThermoFisher Scientific Inc., F. Hoffmann-La Roche Ltd, Promega Corporation, Agilent Technologies Inc., NuEra Nutrition, Meihua Group, Biorigin, DSM Nutritional Products Ltd., Affymetrix Inc., Lallemand Inc., Nanjing BioTogether Co., Ltd., and Ohly GmbH.mention the leading companies).
As a result of increasing competition, nucleotide manufacturers are focusing on innovation and product development. Several new players are focusing on product launches in food and dietary supplements segments.
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Get Valuable Insights into Nucleotide Market
By Technology:
- TaqMan allelic discrimination
- SNP by pyrosequencing
- Gene chips & microarrays
- Others
By Application:
- Food & beverage additive
- Animal feed additive
- Pharmaceuticals
- Diagnostics research
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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