Casamino Acids Market Forecast and CAGR
Over the projection period, the global demand for casamino acids is expected to rise steadily. Due to the development of innovative treatments and biopharmaceuticals or biologics, the market for amino acids is rapidly growing. By 2031, the rapid expansion of drug research programes is predicted to increase demand.
Rise in Cell Culture to Propel Demand of Casamino Acids
Due to increased demand for monoclonal antibodies, growing awareness of the benefits of cell culture-based vaccinations, financing for cell-based research, and the advent of sophisticated cell culture technologies, demand for cell culture has been continuously growing in turn raising the demand for casamino acids.
Various variables, such as more human-animal contact, have increased the threat of new virus epidemics like COVID-19. As a result, demand for vaccines is increasing over the world. By 2031, this is predicted to provide prospective future growth for participants in the cell culture market, such as casamino acids.
Vitamin-free casein is utilised in the diets of animals used in vitamin biological assays. Dietetic formulations use caseins of medicinal grade. Therefore, increasing the demand of casamino acids in animal feed industry.
Due to its significant application of casamino acids in the production of vaccines and therapeutic proteins, biopharmaceutical companies are another major reason driving up demand for casamino acids.
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E-commerce to Boost the Sales of Casamino Acids
The growing trend of obtaining raw materials directly from key players via e-commerce websites is driving global sales of casamino acids. The reach of e-commerce websites is a benefit that encourages people to use this platform for bulk goods purchases. The reviews area on these websites provides consumers with a good notion of the product's quality, resulting in an increase in online sales of casamino acids.
The US and Canada Casamino Acids Market
The large share of the US casamino acids market can be attributed to the, rising incidence of diseases such as cancer, growing regulatory approvals for cell culture-based vaccines, strong government support, high biopharmaceutical R&D expenditure, growing academic and government investments in cell-based research, and the greater adoption of advanced technologies in North America are the key factors driving the growth of the casamino acids market in US and Canada.
The Stem Cell Network (SCN) financed about USD 13.6 million in stem cell and regenerative medicine research in March 2019, and the Government of Canada invested roughly USD 7.0 million to stem cell research in March 2020. Therefore, increasing the demand for casamino acids in Canadian market.
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Europe Demand Outlook for Casamino Acids Market
Europe is one of the key markets for Casamino acids worldwide. The European Casamino acids market is to notice a prominent growth rate during the assessment period 2021-2031. The major drivers for the growth of the European casamino acids market are rising funding for cell-based research, increasing demand for monoclonal antibodies, and the increasing focus on regenerative medicine and stem cell research.
Casamino Acids Market: Key Players
Some key manufacturers functioning in business in Casamino acids market includes
- Thermo Fisher Scientific
- STEMCELL Technologies Inc.
- FUJIFILM Irvine Scientific
- Abcam PLC.
- Cell Sciences Inc.
- PIERRE GUÉRIN
- Infors AG
- Lonza Group AG
- Merck KGaA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
Casamino Acids Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Casamino Acids Market Segmentation:
Based on stability, the global Casamino acids market can be segmented as:
- Light amber
- Medium amber
Based on application, the global Casamino acids market can be segmented as:
- Stem Cell Research
- Tissue Engineering & Regenerative Medicine
- Drug Screening and Development
- Biopharmaceutical Production
- Therapeutic Proteins
- Vaccine Production
Based on end-user, the global Casamino Acids market can be segmented as:
- Cell Banks
- Hospitals and Diagnostic Laboratories
- Pharmaceutical & Biotechnology Companies
- Academic & Research Institutes
- Animal feed Industry
Based on the region, the global Casamino Acids market can be segmented as:
- North America
- U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
- North America
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