Protein Analyzer Global Market Report 2024

The protein analyzer market has grown strongly in recent years. It will grow from $3.15 billion in 2023 to $3.41 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth observed in the historical period can be attributed to several factors, including an increased demand for high-quality imaging across various industries. The healthcare sector, in particular, experienced growth, driven by advancements in medical imaging technologies. Additionally, the boom in consumer electronics, including the popularity of smartphones with advanced camera capabilities, contributed to the overall growth. The automotive industry also played a role, as imaging technologies became integral to various applications within vehicles. Furthermore, trends in photography and videography influenced the demand for imaging technologies, contributing to the overall expansion in the historic period.

The protein analyzer market is expected to see strong growth in the next few years. It will grow to $4.69 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The projected growth during the forecast period is driven by the swift expansion of augmented reality (AR) and virtual reality (VR), ongoing advancements in imaging technologies, the transformative evolution of the automotive industry, the increasing significance of LiDAR technology, and the broadening applications in industrial and scientific instruments. Key trends anticipated in the forecast period encompass precision manufacturing methodologies, a surge in 3D sensing technology, the integration of optical systems in aerospace and defense, the creation of lightweight and compact optics, as well as the development of customized and specialized lens designs.

The protein analyzers market is poised for growth due to the escalating demand for protein-rich foods. This demand is primarily attributed to the popularity of protein-enriched items such as dairy products, seeds and nuts, meat and beef, which are essential components for human nutrition. Protein analyzers find widespread application in restaurants and beverage labs, where they play a crucial role in assessing the nutritional value and protein content of various foods, including meat, milk, and eggs. For instance, in 2021, the Food and Agriculture Organization reported that global meat output is projected to remain constant at 328 metric tons, with a 1.2% increase in total poultry meat production to 134 metric tons compared to the previous year. Consequently, the surge in demand for protein-rich foods is a key driver propelling the growth of the protein analyzer market.

The growing emphasis on food safety is anticipated to further boost the protein analyzer market. Food safety involves the implementation of practices and measures to ensure that food products are safe for consumption and do not pose health risks. Protein analyzers play a pivotal role in quality control and assurance within the food industry, particularly for products rich in protein. They contribute to verifying that food items comply with regulatory standards, assuring their safety for consumption. For instance, as of October 2023, the UK-based Government Digital Service revealed that a significant percentage of consumers in England, Wales, and Northern Ireland are confident in the accuracy of food labels (89%) and the safety of the food they purchase (93%). In Scotland, 68% of consumers trust the information on food labels. This increasing emphasis on food safety is a key factor driving the growth of the protein analyzer market.

Product innovations are the key trend gaining popularity in the protein analyzers market. Major companies involved in the protein analyzers market are focused on innovating new products to improve their observation power and sustain their position in the market. For instance, in September 2021, PerkinElmer, a US-based company that provides testing laboratories, launched its IndiScope FTIR raw milk analyzer. The device, which has a touchscreen interface, requires less training and helps eliminate errors made by humans. The solution's workflow complies with ISO, IDF, and AOAC guidelines to ensure reliability, and data can be saved through built-in USB ports or transferred to a PC (personal computer). This analyzer is intended to assist milk collecting stations in performing quick and accurate analysis to assess fair market value and ensure customers' safe raw milk supply chain. It can test milk for protein and fat content in 30 seconds and detect impurities, including water, maltodextrin, and urea.

Major companies operating in the protein analyzer market are innovating new products such as HaLCon Analyzer to increase their profitability in the market. The HaLCon Analyzer is a liquid chromatography (LC) system that makes protein titer measurements fast, simple, and accurate for the development and production of biopharmaceuticals. For instance, in June 2023, RedShift BioAnalytics Inc., a US-based analytical tools company launched HaLCon Analyzer. It generates antibody concentration measurements that correspond to off-line HPLC, enabling users to monitor titer. Users without advanced HPLC training can utilize the HaLCon Analyzer due to its simplified operation and low requirement for user training. Since the HaLCon Analyzer's LC technology closely correlates with gold-standard HPLC measurement, precise protein titer measurements are guaranteed.

In January 2023, Thermo Fisher Scientific Inc., a US-based biotechnology company, acquired The Binding Site Group for approximately $2.8 billion. The acquisition broadens, diversifies, and enriches Thermo's portfolio by expanding the specialty diagnostics segment with an industry leader in oncology testing for multiple myeloma detection and monitoring. The Binding Site Group is a UK-based provider of portfolio of analyzers for protein analysis.

Major companies operating in the protein analyzer market report are VELP Scientifica Srl, Elementar Analysensysteme GmbH, C. Gerhardt GmbH & Co. KG, CEM Corporation, Goldsite Diagnostics Incorporation, Meril Life Sciences Pvt. Ltd., Perlong Medical Equipment Co. Ltd., Agappe Diagnostics Pvt. Ltd., Agilent Technologies Incorporation, GE HealthCare Technologies Inc., Hycel Handelsgeselschaft m.b.H., LECO Corporation, PerkinElmer Inc., Shenzhen Genius Electronics Co. Ltd., Shimadzu Corporation, Thermo Fisher Scientific Inc., Keurig Dr Pepper Inc., Panasonic Holdings Corporation, De'Longhi S.p.A., Koninklijke Philips N.V., Hamilton Beach, Archer Daniels Midland Company, Darling Ingredients Inc., Glanbia PLC, International Flavors & Fragrances Inc., Kerry Group PLC, The Agropur Dairy Cooperative, Ajinomoto Co. Inc., Südzucker Group, Arla Foods amba, Bunge Limited, CHS Inc.

North America was the largest region in the protein analyzers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global protein analyzers market report during the forecast period. The regions covered in the protein analyzer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the protein analyzer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main categories of protein analyzers include automatic analyzers, semi-automatic analyzers, kits and reagents, and others. Automatic protein analyzers are sophisticated laboratory instruments that facilitate the automated analysis of protein samples for various parameters, including concentration, purity, amino acid composition, and molecular weight. Various techniques are utilized in these analyzers, such as Dumas method, near-infrared spectrometers (NIR), Kjeldahl method, and chromatography. These protein analyzers find applications in diverse fields, catering to biological professionals and food professionals. Additionally, they are utilized by various end-users, including those in the food and feed industry, agriculture, and pharmaceuticals.

The protein analyzers market research report provides protein analyzers market statistics, including protein analyzers industry global market size, regional shares, competitors with a protein analyzers market share, detailed protein analyzers market segments, market trends, and opportunities, and any further data you may need to thrive in the protein analyzers industry. This protein analyzers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The protein analyzers market consists of sales of plasma protein analyzers and cartridge protein analyzers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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