Protein Engineering Market Analysis & Forecast | 2022-2028

Matt Easterlin16 Jan, 2023Business

The protein engineering market size was valued at USD 2.6 billion in 2021 and is likely to grow at a CAGR of 12.49% during 2022-2028 to reach USD 5.96 billion in 2028. What is protein engineering? Protein engineering is the process of altering a protein sequence to attain the desired result such as increased stability to the temperature, organic solvents, and/or extremes of pH or a change in the substrate capacity. Market Drivers The major factors that are driving the market, are- Increasing investments in synthetic biology, mounting focus on protein-based drug development by biotechnology and pharmaceutical companies.