South Korea Recombinant Protein Market was valued at USD 2.50 Billion in 2022 and is projected to reach USD 5.80 Billion by 2030, growing at a CAGR of 10.88% from 2024 to 2030.
The South Korea recombinant protein market has been experiencing substantial growth due to the increasing demand from various industries, including pharmaceuticals, biotechnology, and research sectors. Recombinant proteins, produced using biotechnological methods, are essential in drug development, vaccine production, and therapeutic applications. These proteins are synthesized by inserting a gene into a host cell, which then expresses the protein for commercial use. With the advancements in genetic engineering, the recombinant protein market in South Korea is poised for continued expansion.
One of the primary requirements for recombinant proteins in South Korea’s industries is their critical role in pharmaceutical and biopharmaceutical development. South Korean pharmaceutical companies rely heavily on recombinant proteins for developing innovative therapies for cancer, diabetes, and autoimmune diseases. The country’s robust biotechnology infrastructure facilitates the production of high-quality recombinant proteins that meet international standards for clinical applications.
In the biotechnology industry, the demand for recombinant proteins is increasing, particularly in diagnostic and research applications. South Korean universities and research institutions utilize recombinant proteins to advance studies in genetics, molecular biology, and cell biology. The requirement for these proteins extends to basic research and the development of new biotechnological tools, such as protein assays, diagnostics, and vaccines.
Furthermore, recombinant proteins have become an integral part of the agriculture and food industries. In agriculture, they are used for creating genetically modified organisms (GMOs) that exhibit enhanced traits such as pest resistance and better nutritional value. The food industry uses recombinant proteins to develop functional foods with health benefits, such as probiotics and enzymes.
The increasing regulatory support from the South Korean government also enhances the growth of the recombinant protein market. Policies that promote biotech innovation, funding for R&D, and investments in biotechnology companies have contributed to the expansion of recombinant protein production and its applications in various sectors. As a result, the demand for recombinant proteins in South Korea is expected to rise significantly in the coming years.
Industry experts predict that as South Korea continues to lead in biotechnology research and development, the recombinant protein market will thrive. The country’s ability to produce high-quality proteins efficiently makes it a key player in the global market, attracting international investments and collaborations with major pharmaceutical and biotech companies.
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R&D Systems
ProSpec
Thermo Fisher Scientific
GenScript
FiberCell Systems€Ž
Applied Biological Materials Inc Peprotech
Chimerigen
Origene
NOVUS
Abnova
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Recombinant Protein Market
Recombinant Therapeutics
Recombinant Vaccines
Recombinant Hormones
Recombinant Enzymes
Recombinant Antibodies
Microbial Source
Animal Cell Culture
Plant Cell Culture
Insect Cell Culture
Research and Development
Diagnostics
Therapeutics
Industrial Biotechnology
Pharmaceutical Companies
Biosimilar Manufacturers
Academic and Research Institutions
Contract Research Organizations (CROs)
Parenteral
Oral
Topical
Other Novel Delivery Systems
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Recombinant Protein Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Recombinant Protein Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Recombinant Protein Market, By Type
6. South Korea Recombinant Protein Market, By Application
7. South Korea Recombinant Protein Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Recombinant Protein Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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