nucleotides market Thrives Global demand increased 5.8% annually in 2021 to reach US$ 559.9 million, and during the predicted period, an annual increase of 6.1% is anticipated. Since customers value their health more than conventional flavoring chemicals, nucleotide-based flavor enhancers are becoming more and more common in the food and beverage and pharmaceutical industries.
According to recent data from the market study of nucleotides, worldwide demand for nucleotides increased by 5.8% yearly in 2021 to reach US$ 559.9 million. Throughout the course of the projected period, an annual growth rate of 6.1% is expected for this demand.
The industry would greatly benefit from the expanding application potential in the food and beverage and medicinal sectors. As people become more conscious of the detrimental effects that tasty chemicals have on their health, they are utilizing an increasing number of nucleotide-based taste enhancers. In the next years, the market is anticipated to expand quickly as more industries find new uses.
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Key Takeaways:
- Market Growth: The global nucleotides market experienced a 5.8% annual growth in 2021, reaching US$ 559.9 million, and is projected to witness a further 6.1% annual increase over the forecast period.
- Flavour Enhancers’ Popularity: Nucleotide-based flavour enhancers are gaining traction, especially in the food and beverage and pharmaceutical industries, driven by the preference for healthier alternatives to traditional flavouring chemicals.
- Market Value: In 2021, the estimated market value was US$ 501.1 million, and a steady growth pace is expected throughout the forecast period.
- Regional Trends: North America has emerged as a key market for nucleotides, while Europe is anticipated to remain steady as a crucial market for these compounds.
- Technology Trends: TaqMan allelic discrimination stands out as the most sought-after technology in the nucleotide market.
- Application Expansion: The increasing application of nucleotides in nutraceutical products is contributing to the market’s expansion, especially in developed regions where there is a high demand for nutritive food products.
- Industry Players: Leading companies in the nucleotide market include CJ CheilJedang Corporation, Star Lake Bioscience Co., Inc, ThermoFisher Scientific Inc., and more. These players are focusing on innovation and product development to stay competitive.
Key Points:
- Application Diversity: Nucleotides find applications in food and beverage additives, animal feed additives, pharmaceuticals, diagnostics research, and more, showcasing their versatility.
- Market Drivers: The rising awareness of nucleotide benefits, including better nutrition and immune system optimization, is driving increased adoption globally.
- Competitive Landscape: Intense competition among nucleotide manufacturers is fostering innovation and product development, with a focus on launches in food and dietary supplements segments.
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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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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