The global nucleotide market size is expected to reach US$ 880.7 Mn by the end of 2031. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of little less than 6% between 2019 and 2029. The market will considerably gain from the increasing scope of application in food and beverages industry and pharmaceuticals sector.
Additionally, the rising awareness among consumers about the adverse health impacts of savoury ingredients is tipping scales in favour of nucleotide-based flavour enhancers. In the coming years, therefore, the market will report strong growth, driven by the increasing applications across diverse sectors.
Key Takeaways from the Nucleotides Market Study:
- The U.S. is estimated to account for more than 0% of the North American market in 2021 and it is expected to grow with CAGR of 5.6% over the forecasted period.
- According to FMI analysis, China is estimated to account for nearly 3% of the East Asia market share in 2021.
- Germany is dominating the European Nucleotides market with a market share of 3% in 2021, supported by the rising consumer awareness about nutritional benefits of Nucleotides.
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Increasing Use of Nucleotide to Provide Better Nutrition in Food will Trigger Growth to the Market
In recent years, the usage of nucleotides in various food products to improve nutrition has expanded significantly. By enhancing immune system functioning, nucleotides can help with problems like stress or a bad diet. As people become more aware of the product’s benefits, it will be adopted more widely over the world. According to research, the market’s potential opportunities are created by the constantly expanding demand for food fortification.
Nutrient inadequacy and malnutrition, which are on the rise around the world, are two major factors driving up demand for nucleotides.
To meet the growing demand, manufacturers are developing nucleotide premixes that provide improved health advantages. These strategies adopted by the market players are boosting growth opportunities for the market.
“The growing variety of applications for nucleotides, particularly in nutraceutical products, will help the market grow. Developed regions would emerge as significant market places in the nucleotide industry as a result of rising demand for nutritious food goods,” said a lead analyst at FMI.
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Who is Winning?
Some of the leading players operating in the nucleotide market are Star Lake Bioscience Co., Inc, F. Hoffmann-La Roche Ltd, Promega Corporation, Agilent Technologies Inc., NuEra Nutrition, CJ CheilJedang Corporation, Meihua Group, Biorigin, DSM Nutritional Products Ltd., ThermoFisher Scientific Inc., 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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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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