Middle East & Africa Nucleotide Market Size & Outlook
Middle East & Africa nucleotide market, 2018-2030 (US$M)
MEA nucleotide market highlights
- The MEA nucleotide market generated a revenue of USD 41.4 million in 2023.
- The market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, deoxy nucleotides was the largest revenue generating product in 2023.
- Deoxy Nucleotides is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 41.4 million |
| Market revenue in 2030 | USD 63.7 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Deoxy nucleotides |
| Fastest growing segment | Deoxy Nucleotides |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Deoxy Nucleotides |
| Key market players worldwide | Thermo Fisher Scientific Inc, Roche, Biorigin, DSM, Promega, Agilent Technologies Inc, ABF Ingredients |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.9% of the global nucleotide market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 328.8 million by 2030.
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Nucleotide Market Scope
Nucleotide Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa nucleotide market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nucleotide market will help companies and investors design strategic landscapes.
Deoxy nucleotides was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa nucleotide market based on deoxy nucleotides covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa is anticipated to witness slow growth over the forecast period on account of low awareness in the region. The major driver is the rising use of savory flavor ingredients used to get meaty umami flavor in vegetarian food made from a nonmeat based raw material source such as yeast extracts, nucleotides, and hydrolyzed vegetable protein.
It helps food manufacturers to give their product a nonvegetarian flavor without adding any animal-source ingredients. This rising health awareness among the consumer is anticipated drives the nucleotide market in the forecasted year.
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Target buyers of Middle East & Africa nucleotide market databook
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Our clientele includes a mix of nucleotide market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa nucleotide market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa nucleotide market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa nucleotide market
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