Lucintel's latest market report analyzed that recombinant protein provides attractive opportunities in pharma & biotechnology companies, academic & research institutes, and diagnostic laboratories. The recombinant protein market is expected to reach $3.8 billion by 2028 with a CAGR of 11.5%. In this market, antibodies is the largest segment by product type, whereas pharma &bioend use industry companies is largest by end use industry.

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Based on product type, the recombinant protein market is segmented into hormones, growth factors, enzymes, antibodies, and others. The antibodies segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing cases of diabetes across the globe.

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The Recombinant Protein Market is marked by the presence of several big and small players. Some of the prominent players offering recombinant protein include Abcam, Sino Biological, R&D Systems, GenScript, and Bio-Rad Laboratories.

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