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Plant-Based Biologics Is Fastest Growing Segment Fueling The Growth Of Plant-Based Biologics Market

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Pooja Khodke
Plant-Based Biologics Is Fastest Growing Segment Fueling The Growth Of Plant-Based Biologics Market

The global Plant-Based Biologics Market is estimated to be valued at Us$ 21.45 Million in 2023 and is expected to exhibit a CAGR Of 3.4% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Plant-based biologics are proteins expressed in plant such as tobacco, alfalfa, corn and others. These biologics have advantages over traditional therapeutics in terms of better efficacy, safety and high yields. With increasing prevalence of chronic diseases, the need for cost-effective and scalable production of biologics has been growing significantly.

Market Overview:


Plant-based biologics are proteins expressed and grown in genetically engineered plants to yield functional therapeutic drugs. They have applications in conditions such as cancers, diabetes, cardiovascular diseases among others. Plant-based biologics offer rapid production scale-up and purification at low-cost making them viable alternative to microbial and animal cell culture systems.

Market key trends:


One of the key trends in the plant-based biologics market is the shift from first generation transgenic plant platforms to newer transient and suspension cell platforms. Transient platforms enable rapid production in non-transgenic plants by avoiding stable transformation and related regulatory barriers. Companies are also focusing on proprietary suspension cell platforms that can produce biologics devoid of plant-specific glycan residues, thereby enhancing safety and efficacy. Another major trend is the numerous preclinical and clinical stage pipeline candidates for diseases with high unmet need such as hepatitis C, hemophilia and cancer. This is expected to translate into new product approvals and commercialization in the coming years.


Segment Analysis

The global plant-based biologics market is segmented on the basis of product, application, source, and end user. The product segment is further divided into monoclonal antibodies, vaccines, insulin, glucagon-like peptide-1, erythropoietin and other recombinant non-glycosylated proteins. Among these, the monoclonal antibodies segment dominates the market owing to rising demand for plant-made monoclonal antibodies to treat various chronic and infectious diseases.

Key Takeaways

The Global Plant-Based Biologics Market Demand is expected to witness high growth, exhibiting CAGR of 3.4% over the forecast period, due to increasing demand for sustainable and affordable biologics.


Market size:

 

The global plant-based biologics market is expected to witness high growth, exhibiting CAGR of 3.4% over the forecast period, due to increasing demand for low-cost and sustainable alternatives to conventional biologics.

Regional analysis:

Regionally, North America holds the major share of the global plant-based biologics market and is expected to remain dominant over the forecast period. This is attributed to strong government funding, established biologics industry and growing focus on the development of next-generation biologics in the region.

Key players:

Key players operating in the plant-based biologics market are Leaf Expression Systems, Zea Biosciences, Planet Biotechnology Inc., InVitria, PlantForm Corporation, IBIO, Inc., Mapp Biopharmaceutical, Inc., Pfizer Inc., Ventria Bioscience Inc., Medicago Inc., Eleva GmbH, Kentucky Bioprocessing, LLC, Solarvest Bioenergy Inc., and Byondis B.V.

Read More :  https://www.insightprobing.com/the-growing-investment-to-develop-cost-effective-production-of-plant-based-biologics-to-drive-the-growth-of-plant-based-biologics-market/

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Pooja Khodke
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