Nucleotides Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Nucleotides Market Analysis
The nucleotide market is expected to register a CAGR of over 7% during the forecast period.
The impact of the COVID-19 pandemic was positive on the market, as nucleotides find major applications in treating viral diseases. However, the rising application of nucleotides in drug discovery propelled the market growth.
- The growing demand for pharmaceutical nucleotides is the major factor driving the market.
- On the flip side, the limited penetration into the aquafeed industry is hindering the market's growth.
- The rising application of nucleotide supplements in broiler chicken diets will offer new growth opportunities over the forecast period.
- North America represents the largest market and is expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries like the United States and Canada.
Nucleotides Market Trends
This section covers the major market trends shaping the Nucleotides Market according to our research experts:
The Food and Animal Feed Additives Segment is Expected to Dominate the Market
- Nucleotides are vital in terms of nutritional and physiological functions. Inosine monophosphate (IMP) and guanosine monophosphate (GMP) are palatability enhancers in food. It helps nucleotides to enhance palatability for feed.
- Also, nucleotides affect the recovery of intestinal epithelial cells, which helps boost immunity. Tissue cells involved in immunity cannot self-synthesize nucleotides. Thus, immunity is strengthened by dietary nucleotides.
- The rising incidences of animal diseases require maintaining adequate metabolism rates in livestock. Consumer awareness also grew in this segment, increasing the demand for animal feed.
- According to the International Feed Industry Federation, global compound feed production reached 1 billion tons annually. Global commercial feed manufacturing generates an estimated annual turnover of over USD 400 billion.
- The UN Food and Agricultural Organisation (FAO) estimates that the world will have to produce 60% more food by 2050, and it is believed that animal protein production will grow even more - meats (poultry/swine/beef) will double, and dairy and fish production will almost get tripled by 2050.
- Hence, based on the aspects above, the food and animal feed additives segment is expected to dominate the market during the forecast period.
China is Expected to Dominate the Asia-Pacific Market
- China is the second-largest market for pharmaceuticals globally. The pharmaceutical market is rapidly emerging due to the country's growing middle-class and aging population, rising incomes, and increasing urbanization.
- The pharmaceutical sales of the country reached up to USD 175 billion by the end of 2022. It is expected to boost the market's growth regarding its usage in the pharmaceutical industry.
- India's domestic pharmaceutical market stood at USD 42 billion in 2021 and is likely to reach USD 65 billion by 2024 and further expand to USD 120-130 billion by 2030. Moreover, Indian drug & pharmaceutical exports stood at USD 24.60 billion in FY22 and USD 24.44 billion in FY21. Indian drug & pharmaceutical exports stood at USD 2,196.32 million in September 2022.
- The Chinese government promulgated Healthy China 2030, a blueprint outlining its ongoing intent to prioritize health as a precondition for sustained social and economic development. The growing research in pharmaceuticals in the country is also expected to augment the demand for nucleotides during the forecast period.
- Additionally, due to the COVID-19 pandemic, the country's demand for and production of pharmaceuticals increased. The world needs pharmaceuticals from China due to the impact caused by the COVID-19 pandemic.
- China's livestock industry expanded rapidly in recent years as diets shifted toward more animal proteins. Currently, China is the world's largest producer of livestock products and the largest animal feed manufacturer.
- Hence, based on the aspects above, China is expected to dominate the Asia-Pacific market during the forecast period.
Nucleotides Industry Overview
The nucleotide market is highly consolidated, with the top players holding the lion's share. The key players in the market (in no particular order) include CJ CheilJedang Corp., Ajinomoto Co. Inc., Thermo Fisher Scientific Inc., DAESANG, and STAR LAKE BIOSCIENCE, among others.
Nucleotides Market Leaders
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Ajinomoto Co., Inc.
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CJ CHEILJEDANG CORP
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STAR LAKE BIOSCIENCE
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Thermo Fisher Scientific Inc.
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DAESANG
*Disclaimer: Major Players sorted in no particular order
Nucleotides Market News
- January 2023: Thermo Fisher Scientific Inc. announced that it had completed its acquisition of The Binding Site Group ('The Binding Site'), a global leader in specialty diagnostics, from a shareholder group led by European private equity firm Nordic Capital.
- January 2023: Agilent Technologies Inc. announced an agreement with Quest Diagnostics (NYSE: DGX), the world's leading provider of diagnostic information services. The alliance will enable providers and patients throughout the United States to access the Agilent Resolution ctDx FIRST liquid biopsy next-generation sequencing (NGS) test.
Nucleotides Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Demand for Nucleotides from the Pharmaceutical Industry
- 4.1.2 Rising Application in Drug Delivery
- 4.1.3 Other Drivers
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4.2 Restraints
- 4.2.1 Limited Penetration into the Aquafeed Industry
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 Nitrogeneous Base
- 5.1.1 Pyrimidine
- 5.1.2 Purine
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5.2 Application
- 5.2.1 Pharmaceutical
- 5.2.2 Food and Animal Feed Additives
- 5.2.3 Drug Discovery
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share(%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Ajinomoto Co. Inc.
- 6.4.2 Agilent Technologies
- 6.4.3 CJ CHEILJEDANG CORP.
- 6.4.4 DAESANG
- 6.4.5 exoticbiosolutions.com
- 6.4.6 Jena Bioscience GmbH
- 6.4.7 MEIHUA HOLDINGS GROUP CO. LTD
- 6.4.8 Meridian
- 6.4.9 Promega Corporation
- 6.4.10 STAR LAKE BIOSCIENCE
- 6.4.11 Thermo Fisher Scientific Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Application of Nucleotide Supplements in Broiler Chicken Diets
Nucleotides Industry Segmentation
A nucleotide is an organic molecule that is the building block of DNA and RNA and also includes functions related to cell signaling, metabolism, and enzyme reactions. Nucleotides are monomeric units of the nucleic acid polymers, deoxyribonucleic acid (DNA), and ribonucleic acid (RNA), essential biomolecules within all life forms on Earth. A nitrogenous base, application, and geography segment the nucleotide market. By nitrogenous base, the market is segmented into pyrimidine and purine. Based on application, the market is segmented into pharmaceutical, food, and animal feed additives and drug discovery. The report also covers the market sizes and forecasts for the nucleotide market in 15 countries across the major regions. The market sizing and forecasts are based on each segment's value (USD million).
| Nitrogeneous Base | Pyrimidine | |
| Purine | ||
| Application | Pharmaceutical | |
| Food and Animal Feed Additives | ||
| Drug Discovery | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Nucleotides Market Research FAQs
What is the current Nucleotides Market size?
The Nucleotides Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Nucleotides Market?
Ajinomoto Co., Inc., CJ CHEILJEDANG CORP, STAR LAKE BIOSCIENCE, Thermo Fisher Scientific Inc. and DAESANG are the major companies operating in the Nucleotides Market.
Which is the fastest growing region in Nucleotides Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Nucleotides Market?
In 2024, the Asia Pacific accounts for the largest market share in Nucleotides Market.
What years does this Nucleotides Market cover?
The report covers the Nucleotides Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Nucleotides Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Nucleotides Industry Report
Statistics for the 2024 Nucleotides market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nucleotides analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
