Next-generation Sequencing Library Preparation Market To Reach $3.64 Billion By 2030

 

Next-generation Sequencing Library Preparation Market Growth & Trends

The global next-generation sequencing library preparation market size is estimated to reach USD 3.64 billion in 2030 and is expected to grow at a CAGR of 13.0% from 2024 to 2030. Owing the to increasing prevalence of genetic diseases, decreasing costs of sequencing, and rising usage of NGS in disease diagnostics. Moreover, numerous market players offer a broad spectrum of solutions for NGS library preparation to suit the specific requirements of NGS-based analysis.

Advancements in sequencing technology boost the demand for disease panels. NGS libraries are prepared by using nucleotide amplification and sequencing of a specific gene that is causative of a disease condition. The disease diagnosis panels are precisely designed to analyze specific genetic characteristics of a disease condition. For instance, in February 2022, the OncoDNA introduced OncoDEEP kit for analysis of translocations, somatic variants, genomic signatures and predictive biomarkers to aid cancer therapy. The kit also effectively measures tumor mutational burden, microsatellite instability, and loss of heterozygosity.

The COVID-19 pandemic had a significant impact on the adoption of sequencing technology for metagenomics and diagnostics. Furthermore, several key players launched their NGS-based diagnostic tests for COVID-19 and other viral infections. For instance, in April 2021, QIAGEN N.V. released its first-ever QIAseq SARS-CoV-2 diagnostic kit, to be used for the enrichment of the COVID-19 genome and library preparation solution to yield a sequence of the SARS-CoV-2 genome.

Moreover, the growing incidence of diseases and the demand for novel drug discovery, collectively foster the growth of the market. For instance, in September 2022, IDT launches an NGS library preparation solution, xGen monkeypox virus amplicon panel for the precise detection of monkeypox viral infection by genotyping using viral DNA by construction of an NGS library.

Whole-Exome Sequencing is essentially used for the detection of rare genetic disorders by detecting expressive biomarkers that feature mutations, that are causative of various disease conditions. Further, the Whole-Genome Sequencing (WGS) is used for the detection of novel genetic mutations in rare diseases. For instance, in January 2022, researchers at the University of Stanford secured a first-ever Guinness record for a sequencing technique by sequencing a whole human genome in the least turnaround time with a record diagnostic rate for rare disease diagnosis.

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Next-generation Sequencing Library Preparation Market Report

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Next-generation Sequencing Library Preparation Market Report Highlights

• By sequencing type, targeted genome sequencing is expected to occupy the larger share in NGS library preparation market due to demand for disease specific analysis of the genome sequence that can cause the disease condition.

• Based on product, the reagents & consumables segment is expected to occupy the bigger share of market space due to the utilitarian benefits that an NGS library preparation kit could offer researchers and clinicians. Ready-to-use NGS library preparation kits require less expertise and bare minimal laboratory infrastructure.

• By application, the drug & biomarker discovery segment dominated the market due to the rise in demand for the discovery of novel drugs and biomarkers for a broad spectrum of disease conditions.

• By end use, Hospital & Clinics segment is expected to grow rapidly over the forecast period owing to the rise in the incidence of cancer, genetic disorders, and other diseases across the globe. The rise in genetic level understanding also positively impacts the growth of this segment.

• North America dominated the global NGS library preparation market in 2022, owing to the rising prevalence of diseases, increasing demand for early diagnosis, the need for genome sequencing, and the presence of key market players.

• Key players in the NGS library preparation market include Agilent Technologies, Inc., Integrated DNA Technologies, F. Hoffmann-La Roche AG, Inc., Illumina, Inc., Beckman Coulter Inc. (Danaher Corporation), Becton, Merck KGaA, Dickinson and Company, New England Biolabs, Inc., PerkinElmer Inc., QIAGEN N.V., Pacific Biosciences of California

Next-generation Sequencing Library Preparation Market Segmentation      

Grand View Research has segmented the global next-generation sequencing library preparation market report based on sequencing type, product, application, end-use, and region.

Next-generation Sequencing Library Preparation Sequencing Type Outlook (Revenue, USD Million, 2018 - 2030)

• Targeted Genome Sequencing

• Whole Genome Sequencing

• Whole Exome Sequencing

• Other Sequencing Types

Next-generation Sequencing Library Preparation Products Outlook (Revenue, USD Million, 2018 - 2030)

• Reagents & Consumables

  • DNA Library Preparation Kits

  • Library Preparation Kits

  • RNA Library Preparation Kits

  • Other Reagents & Consumables

• Instruments

Next-generation Sequencing Library Preparation Application Outlook (Revenue, USD Million, 2018 - 2030)

• Drug & Biomarker Discovery

• Disease Diagnostics

  • Cancer Diagnostics

  • Reproductive Health Diagnostics

  • Infectious Disease Diagnostics

  • Other Disease Diagnostic Applications

• Others

Next-generation Sequencing Library Preparation End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals and Clinics

• Academic and Research Institutions

• Pharmaceutical and Biotechnology Companies

• Others

Next-generation Sequencing Library Preparation Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in Next-generation Sequencing Library Preparation Market

• Illumina, Inc.

• Agilent Technologies, Inc.

• F. Hoffmann-La Roche AG, Inc.

• Danaher Corporation

• BD

• Merck KGaA

• Oxford Nanopore Technologies

• New England Biolabs Inc.

• Revvity, Inc.

• QIAGEN N.V.

• Pacific Biosciences of California, Inc.

• Thermo Fisher Scientific Inc.

• Tecan Group Ltd.

Bioactive Ingredients Market Size Worth $317.90 Billion By 2030

 

Bioactive Ingredients Market Growth & Trends

The global bioactive ingredients market size is expected to reach USD 317.90 billion by 2030, registering a CAGR of 7.9% over the forecast period, as per the new report by Grand View Research, Inc. The growth is majorly driven by the increasing demand for functional food and beverages owing to increasing awareness among people regarding healthy living. Furthermore, the increasing use of beauty care products owing to rising disposable income and improving the standard of living is fueling the product demand. Bioactive ingredients are a set of essential substances produced by natural sources, such as plants and animals, as they are not synthesized by the human body. There are two types of ingredients, namely, essential and non-essential.

The unconsumed parts of fruits and vegetables contain essential nutrients, which are extracted and further used by food and pharmaceutical manufacturers for the production of functional foods and medicines. The industry offers growth opportunities to manufacturers owing to increasing product usage in dietary supplements. Moreover, the product is extensively used in the development of personal care products, such as shampoos, soaps, and moisturizers. Bioactive ingredients, such as carotenoids, flavonoids, and polyphenols, protect the skin from negative environmental effects, such as pollution. These ingredients also act as antiaging, anti-wrinkling, and whitening agents, as well as offer UV protection.

Asia Pacific is expected to drive the product demand in food products owing to the rising consumer disposable income, rapid globalization, and changing lifestyle in the region. Moreover, growing awareness among consumers in countries, such as China, India, Indonesia, Malaysia, and Japan, about the product benefits will spur its demand in the food & beverages sector. During the pandemic, functional food & beverage manufacturers reported colossal demand for food products that contain natural content. Consumers adopted healthy foods that provide extra nutritional benefits to strengthen immunity due to the rising COVID-19 cases. Thus, F&B manufacturers shifted their focus to the production of functional foods & beverages. This, In turn, augmented the product demand.

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Bioactive Ingredients Market Report Highlights

• The omega 3 PUFA segment is estimated to have the fastest CAGR from 2023 to 2030 owing to their high vitamin, protein, and mineral content and application in the treatment of diseases, such as cancer, asthma, and depression

• The omega-3 fatty acids help lower the risk of abnormal heartbeats or arrhythmias. Furthermore, it helps lower triglyceride levels & blood pressure and slow atherosclerotic plaque growth

• The dietary supplements application segment will witness the highest growth rate from 2023 to 2030 due to the increasing awareness regarding the benefits of dietary supplements

• Asia Pacific is expected to witness the fastest CAGR over the forecast period due to the growing aging population and high demand for functional foods & drinks and dietary supplements

• The market is highly competitive due to the presence of a large number of manufacturing companies

Bioactive Ingredients Market Segmentation

Grand View Research has segmented the global bioactive ingredients market on the basis of product, application, and region:

Bioactive Ingredients Product Outlook (Revenue, USD Million, 2018 - 2030)

• Fiber

• Vitamins

• Omega 3 PUFA

• Plant Extracts

• Minerals

• Carotenoids & Antioxidants

• Probiotics

• Other Ingredients

Bioactive Ingredients Application Outlook (Revenue, USD Million, 2018 - 2030)

• Functional Food & Beverage

• Dietary Supplements

• Clinical Nutrition

• Personal Care

• Other Applications

Bioactive Ingredients Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players of Bioactive Ingredients Market

• Sabinsa

• Archer Daniels Midland Company (ADM)

• BASF SE

• Cargill

• Ingredion

• Ajinomoto Co, Inc.

• Owen Biosciences, Inc.

• Mazza Innovation Ltd.

• Nuritas

• DuPont

Cycling Wear Market Size To Reach $9.80 Billion By 2030

 

Cycling Wear Market Growth & Trends

The global cycling wear market size is estimated to reach USD 9.80 billion by 2030, expanding at a CAGR of 8.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. Cycling wear has been gaining increasing traction among the consumers on account of rise in awareness related to health and fitness worldwide. This is expected to boost the demand for the bicycle and subsequently drive the cycle wear demand over the forecast period.

Moreover, with more and more people moving to urban areas, modern public and private transportation systems are getting over strained. For the residents of metro cities, especially office workers and students, cycles present a cheap and convenient way to navigate through busy streets and long traffic jams. In some cities, public transportation infrastructure simply isn't that good to be called, so for them bicycles are a good way as a travelling option from one place to other.

Many prominent companies in the cycle related product manufacturing are coming up with new products for the enthusiasts. For instance, Rapha, a cycle product manufacturer, recently launched a new turbo- specific clothing range for the indoor cycling. These clothing range includes sleeveless t-shirts, core cargo shorts, and indoor training towel, which will be effective in sweat reduction.

Electric bicycles are gaining increasing traction in the market owing to government support and consideration of environmental factors. This is anticipated to affect the growth of the riding wear market in future. Moreover, growing consumer inclination towards use of e-bicycle as it consumes less physical energy, is eco-friendly in nature, and is an efficient way to combat busy traffic and surging fuel cost. All these factors are expected to propel the growth of the market in future.

According to the report published by the World Health Organization (WHO), people who cycle from home to work have a 40% lower risk of catching life threating diseases, such as diabetes, and maintaining cholesterol levels, compared to people who drive or take public transport to their workplace. Reduction in noise pollution, reduction in GHG emissions or carbon footprints, advancement of electric bicycles, and promotion of cycling all over the world are some of the other factors anticipated to boost the market growth.

Europe led the market with a share of 29.1% in 2019 and is expected to witness significant growth over the forecast period. This is attributed to growing interest of the people in cycling as a way to keep themselves fit and increasing number of cycling events. This is expected to boost the demand for bicycle and subsequently boost the demand for cycle apparel in future.

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Cycling Wear Market Report Highlights

• By product, cycling wear apparel accounted for the largest share of 68.0% in 2024 and is expected to maintain its lead during the forecast period. These products are designed with high category clothing material offering good comfort to the rider, along with other attributes including durability, moisture resistance, waterproof, windproof, and high visibility

• Based on distribution channel, the hypermarket and supermarket segment dominated the market with the largest revenue share in 2024, driven by the demand for cycling apparel by the professional and casual riders impending to the safety while riding

• Europe is emerged as the largest regional market with a share of 28.4% in 2024 and is expected to witness significant growth over the forecast period. This is attributed to rise in awareness related to health and fitness among the consumers.

Cycling Wear Market Segmentation

Grand View Research has segmented the global cycling wear market based on product, distribution channel, and region:

Cycling Wear Product Outlook (Revenue, USD Million, 2018 - 2030)

• Cycle Wear Apparel

• Cycle Wear Accessories

Cycling Wear Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Hypermarket and Supermarket

• Sports Variety Stores

• E-commerce

• Others

Cycling Wear Regional Outlook Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

List of Key Players in Cycling Wear Market

• Lumiere & Co.

• GIRO SPORT DESIGN

• Manifattura Valcismon

• Rapha Racing Limited

• Champion System

• Decathlon

• ASSOS of Switzerland GmbH

• Endura Limited

• Isadoreapparel

• 2XU

Pet Food Ingredients Market To Reach $83.60 Billion By 2030

 

Pet Food Ingredient Market Growth & Trends

The global pet food ingredients market size is expected to reach USD 83.60 billion by 2030, registering a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc.., An increase in pet ownership across the globe, along with the pet premiumization trend, is propelling the pet food ingredients market growth.

The COVID-19 pandemic had a positive impact on the pet food ingredient market, as, during the first lockdown phase, consumers were stocking up on pet food as they assumed a shortfall of products in the future. Additionally, a lot of people who were lonely adopted a pet when looking for a companion during this period. As people are spending more time at home, it has affected how they perceive the health of their pets which has given rise to the pet premiumization trend.

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Pet Food Ingredient Market Report

Pet Food Ingredient Market Report Highlights

• Based on ingredient type, the amino acids segment accounted for the largest share of 30.9% in 2022 in terms of revenue, owing to the wide application of tryptophan and lysine amino acids in aquaculture feed. It is expected to expand at a CAGR of 6.3% over the forecast period owing to increased awareness among pet parents regarding the nutritional needs required by their pets. The demand for lysine and leucine is more for cats and dogs
• The gut health ingredient segment is expected to expand at the fastest CAGR of 10.9% over the forecast period of 2024–2030. This is attributed to the premiumization trend as consumers are looking for gut-health-specific products that provide benefits like improving the immune system and digestion
• Asia Pacific accounted for the largest revenue share of 35.0% in 2023. China is expected to progress at the fastest CAGR of 5.8% during the forecast period. This is attributed to an increase in consumer spending on premium pet food with specific health requirements, giving Chinese retailers and manufacturers a great opportunity to grow
• Europe accounted for a significant market share of in 2023 and is anticipated to expand at a CAGR of 4.5% over the forecast period. The rise in pet ownership and humanization has boosted the market in this region
• Mergers & acquisitions, agreements, R&D activities, and expansions are the key strategies being adopted by companies over the past few years. For instance, in November 2022, Mars announced that its division Mars Petcare had acquired Champion Petfoods, a global pet food ingredient manufacturer. In more than 90 countries, its two brands, ORIJEN and ACANA, have established a solid and reliable reputation while expanding quickly. With a greater regional presence as a result of this partnership, Mars is anticipated to reach an even better position in the market

Pet Food Ingredient Market Segmentation

Grand View Research has segmented the pet food ingredients market on the basis of on ingredient type, pet, and region:

Pet Food Ingredients Ingredient Type Outlook (Volume, Kilotons, Revenue, USD Million, 2018–2030)

• Specialty Proteins
• Beef Proteins
• Egg Proteins
• Blended Proteins
• Hydrolyzed Proteins
• Pork Protein
• Fish Protein
• Poultry Protein
• Ovine Proteins
• Cervine Proteins
• Other animal Proteins
• Plant Proteins
• Algal proteins
• Amino Acids
• Lysine
• Methionine
• Threonine
• Cysteine
• Others
• Mold Inhibitors
• Gut Health Ingredients
• Beta-glucan
• Cereals
• Mushroom
• Yeasts
• Seaweed
• Phosphates
• Monocalcium
• Dicalcium
• Phospholipids
• Others
• Vitamins
• Water-soluble
• Fat-soluble
• Acidifiers
• Carotenoids
• Astaxanthin
• Beta-carotene
• Zeaxanthine
• Lutein
• Others
• Enzymes
• Phytases
• Carbohydrases
• Proteases
• Others
• Mycotoxin Detoxifiers
• Flavors & Sweeteners
• Antimicrobials & Antibiotics
• Minerals
• Antioxidants

Pet Food Ingredients Pet Outlook (Volume, Kilotons, Revenue, USD Million, 2018–2030)

• Dog
• Cat
• Others

Pet Food Ingredients Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2018–2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Western Europe
• Germany
• U.K.
• France
• Eastern Europe
• Russia
• Asia Pacific
• China
• Japan
• Thailand
• Australia
• South Korea
• Taiwan
• Central & South America
• Brazil
• Argentina
• Chile
• Colombia
• Middle East & Africa
• Saudi Arabia
• South Africa
• Turkey
• Morocco

List of Key Players in the Pet Food Ingredients Market

• FoodSafe Technologies
• Symrise
• AFB International
• DuPont Nutrition & Health
• Biorigin
• Lallemand, Inc.
• Eurotec Nutrition
• Impextraco Ltda Brazil
• Pancosma
• Alltech
• Vitablend Nederland B.V.
• Elanco