The global protein engineering market is projected to reach USD 14.7 billion in 2026, growing at a CAGR of 13.5% from 2023 to 2031
Protein Engineering Market: Breakup by Region, 2022 & 2031
Source: Primary Research and Secondary Research Analysis
Protein engineering is the process of modifying proteins by altering their structure, catalytic ability, or expression in an organism. It is used to create therapeutic proteins and enzymes that are used to treat diseases, disorders, and infections. It is also used to develop enzymes for industrial and agricultural processes.
The growth of the protein engineering market is attributed to the increasing prevalence of genetic diseases, rising demand for biopharmaceuticals, and increasing investments in research and development activities. Additionally, the increasing demand for plant-based proteins, rising demand for monoclonal antibodies, and the introduction of new technologies are further driving the growth of the market. However, the high cost of research and development activities and ethical concerns associated with the use of genetically modified organisms are the major factors restraining the growth of the market.
The global protein engineering market is segmented based on application, end-user, and region. By application, the market is divided into drug discovery and development, diagnostic testing, and research and development. The drug discovery and development segment is expected to account for the largest share of the market during the forecast period. This is attributed to the rising prevalence of genetic diseases and increasing investments in research and development activities. By end-user, the market is divided into biopharmaceutical and biotechnology companies, academic and research institutes, and contract research organizations (CROs). The biopharmaceutical and biotechnology companies segment is anticipated to grow at a higher CAGR during the forecast period. This can be attributed to the rising demand for biopharmaceuticals and the increasing research and development activities carried out by biopharmaceutical and biotechnology companies.
Geographically, the protein engineering market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America is expected to account for the largest share of the market during the forecast period. This is attributed to the increasing prevalence of genetic diseases, rising investments in research and development activities, and the presence of well-established players in the region.
Global Protein Engineering Market Research Report, 2020-2031.
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