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IMARC Group's report titled "Nucleotides Market Report by Type (Food Grade, Lab Grade, Industry Grade, and Others), Technology (TaqMan Allelic Discrimination, Gene Chips and Microarrays, SNP by Pyrosequencing, and Others), Form (Liquid, Powder), Application (Pharmaceutical, Food and Animal Feed Additives, Drug Discovery, and Others), and Region 2024-2032". The global nucleotides market size reached US$ 718.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,251.8 Million by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032. The rising demand for infant nutrition and the increasing use of animal feed are stimulating the market.
Factors Affecting the Growth of the Nucleotides Industry:
The growing demand for nucleotides in the food and beverage (F&B) industry due to their role as flavor enhancers is offering a favorable market outlook. Nucleotides add a unique umami taste, enhancing the overall flavor profile of processed food items, savory products, soups, sauces, instant noodles, and snacks. Rising preferences for convenience food items and ready-to-eat (RTE) meals among individuals with busy lifestyles. Additionally, the increasing awareness among individuals about the health benefits of nucleotides, such as promoting gut health and boosting immune function, is propelling the market growth.
The use of nucleotides in animal nutrition is another key driver of the market. Nucleotides are essential for rapid growth, improved immune responses, and overall health of animals, making them particularly beneficial for young animals like piglets and chicks. The increasing focus on enhancing animal health and productivity in the livestock industry is leading to higher incorporation of nucleotides in animal feed formulations. This trend is further supported by the growing demand for high-quality animal protein and the need for sustainable and efficient animal farming practices.
Biotechnology and pharmaceutical sectors are significant drivers of the nucleotides market. Nucleotides are crucial for deoxyribonucleic acid (DNA) and ribonucleic acid (RNA) synthesis, fundamental to genetic research and the development of new therapies. The increasing investment in research and development (R&D) activities for understanding genetic diseases, gene therapies, and personalized medicine is bolstering the market growth. Nucleotides are also used in producing vaccines, therapeutic drugs, and diagnostic reagents. The ongoing advancements in biotechnology, coupled with the growing focus on precision medicine, are expected to drive the nucleotides market further.
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Leading Companies Operating in the Global nucleotides Industry:
Nucleotides Market Report Segmentation:
By Type:
Food grade represents the largest segment on account of the increasing demand for food products that offer nutritional benefits.
By Technology:
TaqMan allelic discrimination holds the biggest market share due to its ability to enable the precise identification of target DNA sequences.
By Form:
On the basis of the form, the market has been bifurcated into liquid and powder.
By Application:
Based on the application, the market has been divided into pharmaceutical, food and animal feed additives, drug discovery, and others.
Regional Insights:
North America enjoys a leading position in the nucleotides market, driven by the thriving F&B sector.
Global Nucleotides Market Trends:
The rising awareness among individuals about the importance of maintaining a healthy lifestyle is catalyzing the demand for nucleotide-containing nutritional supplements. These supplements are known to enhance immune function, support cellular repair, and improve overall well-being. People are seeking supplements that offer additional health benefits due to the increasing prevalence of lifestyle-related diseases and a heightened emphasis on preventive healthcare. Furthermore, the expanding aging population requires targeted nutritional interventions to maintain health and vitality.
Technological advancements in the production and application of nucleotides open new avenues for market growth. Innovations in fermentation technology, enzymatic synthesis, and purification processes benefit in improving the efficiency and cost-effectiveness of nucleotide production.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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