South Korea Protein Labeling Market Size & Outlook
South Korea protein labeling market, 2018-2030 (US$M)
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South Korea protein labeling market highlights
- The South Korea protein labeling market generated a revenue of USD 58.6 million in 2023 and is expected to reach USD 103.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, reagents was the largest revenue generating product in 2023.
- Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Protein labeling market data book summary
| Market revenue in 2023 | USD 58.6 million |
| Market revenue in 2030 | USD 103.9 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Reagents |
| Fastest growing segment | Kits |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reagents, Kits, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, PerkinElmer, Promega, Roche Holding AG, LGC Group, New England Biolabs, GE HealthCare Technologies Inc Common Stock, LI-COR, Jena Bioscience |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.4% of the global protein labeling market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China protein labeling market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 167.1 million by 2030.
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Protein Labeling Market Scope
Protein Labeling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea protein labeling 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 protein labeling market will help companies and investors design strategic landscapes.
Reagents was the largest segment with a revenue share of 63.14% in 2023. Horizon Databook has segmented the South Korea protein labeling market based on reagents, kits, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea exhibits high potential for R&D capabilities in pharmaceutical and biopharmaceutical sectors, which is expected to boost the demand for life sciences products, such as protein labeling for research purposes.
Cancer research has become a national priority for the Korean government. The Korean government supports several universities, institutions, and researchers to facilitate cancer research activities, which is anticipated to create a high demand for life sciences products.
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Target buyers of South Korea protein labeling market databook
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Our clientele includes a mix of protein labeling 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea protein labeling market , including forecasts for subscribers. This country databook contains high-level insights into South Korea protein labeling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea protein labeling market size, by product, 2018-2030 (US$M)
South Korea Protein Labeling Market Outlook Share, 2023 & 2030 (US$M)
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