Molecular Farming Market Size, Share, By Type (Plant-based, and Animal-based), By Application (Pharmaceuticals, Nutraceuticals, Cosmetics, Dairy, and Others), and By Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) - Trends, Analysis and Forecast till 2034

Report Code: PMI531724 | Publish Date: June 2024 | No. of Pages: 178

Molecular Farming Market Overview

Molecular Farming Market Size was valued at USD 545.6 Million in 2024 and is expected to reach USD 1415.8 Million by 2034, growing at a CAGR of 11.0%.

Molecular farming is the process by which plants are often utilized in agriculture to produce proteins or other metabolites applicable to industry or medicine. Crop plants can synthesize many proteins devoid of infections and toxins from mammals. Crop plants need few facilities and generate significant volumes of biomass at a low cost. Molecular farming offers a novel supply of molecular medicines, including growth factors, plasma proteins, enzymes, vaccines, and recombinant antibodies, whose medical applications are known at a molecular level. Plants have long been employed as a source of therapeutic chemicals.

The amount of money allocated to the study and advancement of molecular farming has dramatically expanded recently. Investors understand that the technology can transform the production of proteins and tackle significant health issues. These investments stimulate the Market for molecular agriculture, spur innovation, and expedite the creation of new products.

With the help of plants and animals acting as bioreactors or factories, molecular farming produces proteins, antibodies, vaccines, enzymes, and other biomolecules that would otherwise be difficult, expensive, or unethical to obtain. Agricultural, medical, manufacturing, and environmental cleanup are all sectors that molecular farming has the potential to disrupt completely. The lack of expensive infrastructure, equipment, or purification processes associated with molecular agriculture can result in lower production costs. The desire for biopharmaceuticals is expanding, genetic engineering technologies are developing quickly, and research and development spending is rising, propelling the Market for molecular farming.

Molecular Farming Market Dynamics

Key Drivers of Target Market:

Growing Requirement for Proteins in the Pharmaceutical Sector:

  • Proteins are used extensively in the pharmaceutical business for various applications, including therapeutic applications, drug development, and diagnostics. A scalable and affordable way to make proteins, including growth factors, enzymes, and antibodies, is through molecular farming. The industry's needs are increasingly being met by molecular agriculture as the demand for these proteins keeps rising. In addition, the growing global population and urbanization are driving demand for protein-rich diets, especially in developing countries where dietary habits are changing to incorporate more protein. Molecular farming can produce protein that is scalable and sustainably to meet the growing need for protein.

Increasing R&D Input:

  • Considerable advancements have been accomplished in molecular farming via persistent reinforcement of research and development. Researchers are working to enhance production procedures, find novel plant performance systems, and boost protein yields. Cooperation between academic institutions, businesses, and research centers is essential to increase knowledge and expertise in this subject.

Restrains:

Difficulties with regulations and moral issues:

  • Given that molecular farming involves manipulating and transforming live organisms and their products, it is subject to strict regulations and ethical evaluation. Any biotech company's legal and regulatory approval path is frequently convoluted and full of unknowns. It becomes increasingly clear that a comprehensive and flexible regulatory structure that can change with this quickly developing area is required.

Opportunities:

Possibilities for Personalized Goods:

  • Using molecular farming, proteins with specialized functions can be produced. Researchers can produce proteins with desired characteristics by selecting a suitable plant host and fine-tuning the expression conditions. Pharmaceutical products are not the only goods that can be customized in this way; biofuels, industrial enzymes, and other biological products can also be customized.

Molecular Farming Market Segmentation

The Market is segmented based on Type, Application, and Region.

Type Insight:

  • Plant-based: Plants are used as manufacturing systems for desired compounds in the plant-based molecular farming sector. Scalability, affordability, and environmental friendliness are some of its benefits. Genetic modification produces desirable molecules in rice, lucerne, and tobacco plants.
  • Animal-based: In the animal-based molecular farming sector, animals such as insects or mammals are used to generate complicated molecules.

Application Insights

  • Pharmaceuticals: The market share of the pharmaceutical application category is the highest due to the increased demand for therapeutic proteins, antibodies, and vaccines. It can be further divided into therapeutic areas, enabling the tailored manufacture of particular medications.
  • Nutraceuticals: The nutraceuticals section uses molecular farming to generate substances beneficial to health, such as antioxidants, enzymes, and vitamins. This satisfies the increasing need for functional and natural foods that may improve general health and well-being.
  • Cosmetics: The cosmetics market examines the use of molecular farming to produce ingredients for skincare and cosmetic goods. Due to rising consumer awareness and desire for sustainable and safe cosmetics, natural and organic alternatives are emphasized.
  • Dairy: Using molecular farming to create milk proteins in plants or animals, dairy alternatives are an emerging application that provides a cruelty-free and sustainable substitute for conventional dairy products. This meets the growing demand for plant—based substitutes, which is driven by ethical concerns, lactose intolerance, and dietary restrictions.
  • Others: Molecular farming techniques are being used to generate new bioplastics derived from plant materials, and the other uses sector covers a wide range of emerging applications, such as the manufacture of biomaterials for medical devices.

Regional Insights

  • North America: The molecular farming market in North America is anticipated to expand considerably. Government funding, legislation, and regulations pertaining to genetically modified organisms and plant-based agriculture will significantly impact this sector's growth. Plant-based molecular farming is an environmentally benign approach that fits in wonderfully with the growing emphasis on sustainability.
  • Asia Pacific: Because of its rich agricultural resources and varied environment, Asia Pacific is becoming a growing market for molecular farming. This Market has grown due to investments in biotechnology infrastructure and research, supportive regulations, and collaborations between the public and private sectors.
  • Europe: Europe is a sizable market for biopharmaceuticals, and Europe is seeing an increase in the use of molecular farming. Pro-innovation government policies and initiatives fuel growing markets. Europe is a leader in sustainable molecular farming practices.
  • Latin America: Latin America is a developing market with room to grow in the future, especially for the reasonably priced manufacture of biopharmaceuticals. A sizable agriculture sector provides a possible resource basis for plant-based platforms.
  • Middle East and Africa: The Middle East and Africa region is a nascent market with relatively little current activity. However, increasing interest in biotechnology and the possibility of large-scale farming in some nations open up new markets for growth, especially for plant-based platforms.

Molecular Farming Market Report Scope:

Attribute

Details

Market Size 2024

USD 545.6 Million

Projected Market Size 2034

USD 1415.8 Million

CAGR Growth Rate

11.0%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024 to 2034

Market Segmentation

By Type - Plant-based, and Animal-based

By Application- Pharmaceuticals, Nutraceuticals, Cosmetics, Dairy, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Type, Application, and Region:

Segmentation:

By Type:

  • Plant-based
  • Animal-based

By Application:

  • Pharmaceuticals
  • Nutraceuticals
  • Cosmetics
  • Dairy
  • Others

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Molecular Farming Market Key Players

The key players operating the Molecular Farming Market include LFB Biotechnologies SA, Pharming Group NV, Pfizer, Medicargo, Mapp Biopharmaceutical, Avaxin Biologics, Miruku, Bright Biotech, Mozza, Nobell Foods, ORF Genetics, and Tiamat Sciences.

Molecular Farming Market Key Issues Addressed

  • In August 2023, ZERO and KBio forged a strategic partnership to establish a network of mobile molecular farming based on plants. This network will include large, centralised hubs for the production of bioactive chemicals, therapeutics, and pandemic preparedness. KBio's experience using N. benthamiana as a bioreactor and ZERO's modular and contamination-free plant-growing equipment will result in customized end-to-end solutions.
  • In September 2023, BioBetter, Ltd., a food technology business, opened its first food-grade pilot plant to expedite the manufacturing of vital growth factors for the cultured meat sector. The company has developed an innovative platform for protein synthesis that uses tobacco plants as self-sufficient bioreactors to produce growth factors (GFs) without the requirement for animals.

Molecular Farming Market Company Profile

  • LFB Biotechnologies SA *
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Pharming Group NV
  • Pfizer
  • Medicargo
  • Mapp Biopharmaceutical
  • Avaxin Biologics
  • Miruku
  • Bright Biotech
  • Mozza
  • Nobell Foods
  • ORF Genetics
  • Tiamat Sciences

“*” marked represents similar segmentation in other categories in the respective section.

Molecular Farming Market Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Preview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Merger and Acquisitions
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis
  4. Market Segmentation, Type, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Plant-based
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Animal-based
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
      • Segment Trends
  5. Market Segmentation, Application, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Pharmaceuticals
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Nutraceuticals
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Cosmetics
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Dairy
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  6. Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S
        • Canada
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Europe
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • Germany
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Latin America
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East and Africa
  7. Competitive Landscape
  • Heat Map Analysis
  • Company Profiles
    • LFB Biotechnologies SA
    • Pharming Group NV
    • Pfizer
    • Medicargo
    • Mapp Biopharmaceutical
    • Avaxin Biologics
    • Miruku
    • Bright Biotech
    • Mozza
    • Nobell Foods
    • ORF Genetics
    • Tiamat Sciences

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Molecular Farming Market Size was valued at US$ 545.6 million in 2024 and is expected to grow at a CAGR of 11.0% to reach US$ 1415.8 million by 2034

The Molecular Farming Market is segmented into Type, Application, and Region.

Factors driving the Market include growing pharmaceutical industry requirement for proteins and increasing R&D input.

Restraints of the Molecular Farming Market include difficulties with regulations and moral issues as market restraining factors.

The Molecular Farming Market is segmented by region into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America is expected to dominate the Market.

The key players operating the Molecular Farming Market include LFB Biotechnologies SA, Pharming Group NV, Pfizer, Medicargo, Mapp Biopharmaceutical, Avaxin Biologics, Miruku, Bright Biotech, Mozza, Nobell Foods, ORF Genetics, and Tiamat Sciences.