Plant-Based Biologics Market By Product Type (Leaf-based, Seed-Based, Fruit-based, Others), By Source (Carrot, Tobacco, Rice, Duckweed, Others), By Target Disease (Gaucher Disease, Fabry Disease, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global Plant-based biologics market is envisioned to garner $182.9 million by 2031, growing from $116.1 million in 2021 at a CAGR of 4.8% from 2022 to 2031.
The current production platforms, which are mostly based on mammalian cell culture, cannot meet the expanding global demand for human biologics due to exorbitant costs and restricted scalability. However, recent advances in plant expression vector generation, downstream processing, and glycoengineering have established plants as a preferable alternative for biologic production. Plant-based methods not only provide typical benefits such as appropriate eukaryotic protein modification, cheap cost, high scalability, and higher safety, but also enable for the rapid manufacture of biologics to control possible pandemics or with specialized glycoforms for improved efficacy or safety. The use of plant-based biologics has several advantages, including the ability to produce complex molecules at a lower cost than traditional systems, scalability to meet global demand, and improved safety due to the lack of potential human pathogens.
Environmental conditions, plant genetics, and post-harvest processing all have an impact on the quality of plant-based biologics. These factors can have an effect on the uniformity and purity of the end product, which is critical for the safety of biologics and efficacy. Ensuring consistent and high-quality production of plant-based biologics necessitates specialized knowledge and expertise, which may be absent in some instances. These factors are anticipated to hamper the growth of the plant-based biologics market growth.
The plant-based biologics market has expanded fast in recent years, driven by rise in biologics demand and the desire for more cost-effective and sustainable manufacturing methods. Duckweed plants are little water plants that grow quickly and are easy to cultivate. They are being researched as a potential platform for the manufacture of a wide range of biologics, including antibodies, enzymes, and vaccines. Duckweed plants have an advantage in biologics manufacturing because they can perform post-translational changes similar to mammalian cells, leading to proteins that closely resemble human proteins. Moreover, duckweed plants can generate biologics at a significantly lower cost than typical manufacturing platforms, making them a more cost-effective and scalable solution.
The pandemic of COVID-19 has had a substantial influence on many industries, including the plant-based biologics industry. The epidemic caused interruptions in the biologics supply chain, manufacturing, and distribution, which hampered growth of the industry. The pandemic has also caused delays in clinical trials and the approval process for novel biologics. Many companies were forced to suspend their research and development activities, resulting in a slowdown in the development of new products. Furthermore, the COVID-19 pandemic has caused significant disruptions to the global workforce, resulting in a reduced availability of skilled workers. The pandemic has forced many businesses to close temporarily or permanently, leading to job losses and decreased economic activity. In addition, many workers have been hesitant to return to work due to concerns about their health and safety. However, the pandemic has underlined the significance of creating more sustainable and cost-effective biologic production technologies. This has led to an increased interest in plant-based biologics, which have the potential to be produced at a lower cost and with faster turnaround times than traditional production methods.
The key players profiled in this report include Leaf Expression Systems, Zea Biosciences, Planet Biotechnology Inc., InVitria, PlantForm Corporation, IBIO, Inc., Mapp Biopharmaceutical, Inc., Pfizer Inc., Ventria Bioscience Inc., Medicago Inc., and Eleva GmbH
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the plant-based biologics market analysis from 2021 to 2031 to identify the prevailing plant-based biologics market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the plant-based biologics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global plant-based biologics market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy Product TypeLeaf-based
Seed-Based
Fruit-based
Others
By SourceCarrot
Tobacco
Rice
Duckweed
Others
By Target DiseaseGaucher Disease
Fabry Disease
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
UAE
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Leaf Expression Systems
Zea Biosciences
Planet Biotechnology Inc.
InVitria
plantform corporation
IBIO, Inc.
Mapp Biopharmaceutical, Inc.
Ventria Bioscience Inc.
Medicago Inc.
Eleva GmbH
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