Market revenue in 2023 | USD 331.8 million |
Market revenue in 2030 | USD 526.5 million |
Growth rate | 6.8% (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 |
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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 North America nucleotide market based on deoxy nucleotides covering the revenue growth of each sub-segment from 2018 to 2030.
North America was the second largest market for nucleotides, accounting 30.4% of the global share by revenue in 2018. North America was one of the major regions in the globe for SNP by pyrosequencing owning to the early origin of SNP technology in the region coupled with rising awareness and demand pertaining to increasing diagnostic research, animal breeding and pharmacogenomics sector.
The rising self-medication trends and cancer concerning research is expected to propel market demand. U.S. is the leading market as the pharmaceutical’s companies in the country account for over 35% of the global share. Nucleotides are used in the infant formulations, beverages, dairy products and bakery products.
Furthermore, rising consumer awareness related to the ill effects of savory ingredients such as summer savory and yeast is expected to augment the demand for nucleotides-based flavor enhancers in the region.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America nucleotide market , including forecasts for subscribers. This continent databook contains high-level insights into North America nucleotide market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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