Global Protein Engineering Market to Reach US$ 5.18 Billion by 2027, Propelled by Shifting Focus Toward Protein-Based Drug Development

February 16, 2022

The latest report by IMARC Group, titled "Protein Engineering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," finds that the global protein engineering market size reached US$ 2.61 Billion in 2021. Protein engineering refers to the process that involves the synthesis of new proteins or manipulation of the existing protein structure or sequence to achieve the desired properties. It utilizes the recombinant deoxyribonucleic acid (DNA) technology or chemical synthesis to alter the individual amino acids in a normal protein to develop a novel protein with enhanced functions, such as better stability to the temperature, organic solvents, or extremes of pH. Over the years, protein engineers and researchers have successfully developed a wide range of proteins or enzymes tailored to specific industrial, medical, research, and biotechnology applications.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Protein Engineering Market Trends:

The shifting focus toward protein-based drug development coupled with heavy investments in synthetic biology represents the primary factor driving the market growth. Besides this, the growing inclination from non-protein drugs toward protein therapeutics due to the rising awareness regarding their positive clinical outcomes among the masses has augmented the demand for protein engineering. Additionally, governments of various countries are taking favorable initiatives, such as funding research and development (R&D) projects and organizing awareness programs about protein engineering. Along with this, the widespread prevalence of protein-deficient diseases and the escalating demand for personalized medicines have accelerated the adoption of protein engineering. Furthermore, the rising adoption of monoclonal antibodies to treat numerous diseases, including cancer, autoimmune disorders, transplant rejections, and other conditions, has catalyzed the market growth. Moreover, the advent of recombinant monoclonal antibodies (mAbs), emerging applications in the agrochemical industry, improving healthcare infrastructure, increasing investments in proteomics-based drug discovery projects, and technological advancements are some of the other factors creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach US$ 5.18 Billion by 2027, growing at a CAGR of 11.60% during 2022-2027. 

Market Summary:

  • Based on the product and services, the market has been divided into instruments, reagents, and services and software. 
  • On the basis of the protein type, the market has been segregated into insulin, monoclonal antibodies, coagulation factors, vaccines, growth factors, and others. 
  • Based on technology, the market has been bifurcated into irrational and rational protein design.
  • The market has been classified based on the end user into pharmaceutical and biotechnology companies, academic research institutes, and contract research organizations. 
  • Region-wise, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key players being Abzena Ltd., Agilent Technologies Inc., Amgen Inc., Bio-Rad Laboratories Inc., Bruker Corporation, Codexis Inc., Danaher Corporation, Eli Lilly and Company, General Electric Company, Merck KGaA, Novo Nordisk A/S, PerkinElmer Inc, Thermo Fisher Scientific Inc., and Waters Corporation.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Global Protein Engineering Market to Reach US$ 5.18 Billion by 2027, Propelled by Shifting Focus Toward Protein-Based Drug Development
Select Licence Type

Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More