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HEALTHCARE & PHARMACEUTICAL

Protein Analyzers Market Analysis by Product (Protein Analysers, Services, Kits, Reagents); by Technique (DUMAS, Neural Infrared Spectrometers, Kjeldahl method, Chromatography, and Others); by Application (Biological Professional, Food Professional, and Others); – Global Supply and Demand Analysis Opportunities Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  •  Thermo Fisher Inc., - A new micro-pillar array column is being made available to proteomics and biopharmaceutical research laboratories by Thermo Fisher Scientific Inc., to make difficult bottom-up proteomics analyses simpler.
  •  NVIDIA Corporation, - The company announced that it would integrate its NeMo LLM cloud service with BioNeMO,     which gives academics access to pre-trained chemistry and biology language models. These services support research interaction and modify data and protein for a variety of uses, such as drug discovery.

Global Protein Analyzers Market Size, Forecast, and Trend Highlights Over 2023-2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~8.5%

Base Year Market Size (2022)

 ~ USD 2.5 Billion

Forecast Year Market Size (2033)

~ USD 5.9 Billion

 

The global protein analyzers market is projected to garner a revenue of ~USD 5.9 Billion by the end of 2033 by growing at a CAGR of ~8.5% over the forecast period, i.e., 2023-2033. Further, the market generated a revenue of ~USD 2.5 Billion in the year 2022. The beverage industry is anticipated to provide a sizable portion of demand for protein analyzers as it experiences rapid growth on account of changes in lifestyle. For instance, over the length of 52 weeks up to May 15 2022, the beverage industry as a whole witnessed sales of USD 2.3 billion, which was up by 4.5% from 2021.

protein market overview

                                            Get more information on this report: Download Sample PDF

Protein analyzser, an efficient laboratory tool figuring out how much protein is in a sample is a protein analyser. In food and beverage laboratories, these tools are most frequently used to evaluate the nutritional value of meats, dairy products and other foods. The growing food and beverages industries and rising demand for protein supplements increases the need for protein analyzers. When compared to the same period in FY2021-2022, India’s exports of processed food and agricultural products increased by 14% to USD 5987 million in the first 3 months of the fiscal year 2022-2023.

Global Protein Analyzers Market: Growth Drivers and Challenges

Growth Drivers

  • Rising production of animal feed – There is an increase in animal feed consumption owing to population growth, changing lifestyle and dietary habits. This leads to increased demand for animal feed. More than 1 billion tons of compound feed are produced worldwide each year. More than USD 400 million in revenue is reportedly generated annually by the production of commercial feeds worldwide.
  • Increasing rate of fertilizer production – The global production of Nitrogen, Phosphorus, and Potash fertilizers was 318,700 thousand tons in 2022 which was up from 313,500 thousand tons in 2020.
  • Increasing production of beer – Global beer production rose from 1.78 billion hectoliters in 2020 to approximately 1.87billion hectolitres in 2021.
  • Expanding worldwide population – The worldwide population rose to around 7,983,241,075 as of October 2022

Challenges

  • Strict guidelines for biologics production
  • Prolonged licensing

The protein analyzers market is segmented and analyzed for demand and supply by-products into protein analyzers, services, kits, reagents, and others. The growth of the segment is being driven by an increase in demand for grains that are high in protein, an increase in consumption of foods that are high in protein, an increase in R &D spending by market participants, and in-depth knowledge of how grain protein analyzers are used in other applications. For instance, the worldwide supply of soy is 2,000,000 metric tons and dairy supply is 895,000 metric tons, and 141,000 metric tons of peas in 2022.

Major Macro-Economic Indicators Impacting the Market Growth

expenditure graph

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in the upcoming years.

Global Protein Analyzers Market Regional Synopsis

Regionally, the global protein analyzers market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, the Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2033. The market is being driven by technological improvements and an increase in demand for protein supplements. In the U.S., consumers reported consuming more protein supplements by 31.5% in 2020.

market region                               Get more information on this report: Download Sample PDF          

The global protein analyzers market is further classified on the basis of region as follows:

  • North America (U.S., Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Australia, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman) North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global protein analyzers market includes the following segments:

                  By Product

  • Protein analysis
  • Services
  • Kits
  • Reagents

                By Technique

  • DUMAS
  • Neutral Infrared Spectrometers
  • Kjeldahl method
  • Chromatography
  • Others

                  By Application

  • Biological Professional
  • Food Professional
  • Others

Top Featured Companies Dominating the Global Protein Analyzers

  • PerkinElmer, Inc.,
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Developments
  • Regional Presence
  • SWOT Analysis
  • Thermo Fisher Scientific
  • GE Healthcare
  • LECO Corporation
  • Shimadzu Corporation,
  • Agilent Technologies, Inc.,
  • VELP Scientifica S.r.l
  • NVIDIA Corporation,
  • Bio-Rad Laboratories
  • New England Biolabs, Inc.

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