Peptide Synthesis Market Size
Study Period | 2019 - 2029 |
Market Size (2024) | USD 0.89 Billion |
Market Size (2029) | USD 1.21 Billion |
CAGR (2024 - 2029) | 6.35 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Peptide Synthesis Market Analysis
The Global Peptide Synthesis Market size is estimated at USD 0.89 billion in 2024, and is expected to reach USD 1.21 billion by 2029, growing at a CAGR of 6.35% during the forecast period (2024-2029).
Rising investments and substantial funding for genomics and proteomics research are driving the demand for peptides in drug discovery and therapeutic development. Owing to the rising demand for effective protein-based drugs for the proper treatment process, increasing investments, and significant funding for the research and development of genomics and proteomics in the biopharmaceutical industry, the market is expected to grow during the forecast period.
The increasing government funding to support research and developmental activities and drug discovery is expected to boost the growth of the market, as these investments drive the demand for peptides in genomics and proteomics research. According to the article published by the Department of Health and Aged Care, Australia, in March 2022, the Australian government invested USD 28.1 million from 2022-23 to 2025-26 to establish a new agency, Genomics Australia, to support the integration of genomic medicine as a standard of healthcare in Australia. Such investments by governments are also expected to propel market growth.
There is a rising demand for peptide synthesis as it is useful for proteomics-based biomarker discovery and validation on specific diseases, which is anticipated to boost the market’s growth. For instance, according to an article published by Nature Journal in June 2023, the preference for the PepQuant library over high-resolution mass spectrometry for human blood biomarker discovery expanded the utilization of peptide libraries. This contributes to the increasing research and developments concerning disease therapeutics that use peptides, thus contributing to the market's growth.
Advancements in peptide synthesizer technology, such as microwave-assisted SPPS (solid phase peptide synthesis), have significantly enhanced peptide production. These innovations offer faster synthesis times, increased automation, improved quality, greater scalability, real-time monitoring, and reduced solvent usage. These innovations can accelerate the development of new peptide-based therapeutics, making peptide synthesis more efficient and cost-effective.
The rising benefits of peptide synthesizers, such as their high efficiency and scalability, are anticipated to boost market growth. For instance, according to the study published in Nature Communications in December 2023, peptide synthesis was executed using a Liberty PRIME 2.0 automated microwave peptide synthesizer at a 0.1 mmol scale, incorporating one-pot coupling and deprotection steps. This peptide synthesizer resulted in a highly efficient, pure, and scalable process, reducing waste by up to 95% and requiring only 10-15% of the standard base amount. Therefore, the advantages of effectively conserving solvents with advanced peptide synthesizers are anticipated to increase the adoption of innovative equipment and drive market growth.
However, large-scale synthesis often encounters scalability issues, leading to production challenges and increased costs. Large-scale peptide synthesis demands huge capital, equipment, and skilled labor. A lack of skilled workforce can become a challenge and, hence, limit the growth of the market.
Peptide Synthesis Market Trends
The Segment for Solid-phase Peptide Synthesis (SPPS) Holds a Significant Market Share
Solid-phase peptide synthesis (SPPS) is a pivotal technique in the production of peptides, where the peptide chain is built on a solid support, typically a resin. This method has revolutionized peptide synthesis by streamlining automation and purification processes, making it a staple in research and industrial applications.
SPPS is especially notable for its efficiency in producing longer peptides, such as those used in diabetes treatments, which can be challenging to synthesize using liquid-phase methods due to complex purification requirements.
The growing demand for peptides has led to considerable expansion in SPPS production capabilities. For instance, in January 2024, WuXi AppTec reported commissioning new peptide manufacturing plants in Changzhou and Taixing, China. This expansion increased its total reactor volume to 32,000 liters, addressing the increased global demand for peptide therapeutics.
Similarly, in September 2023, CordenPharma International inaugurated an expanded SPPS manufacturing facility at CordenPharma Colorado, enhancing its capacity to meet global demand. This facility is the largest SPPS production site worldwide, with upgraded technology that boosts efficiency and throughput.
SPPS remains a critical technology in peptide production, particularly for the pharmaceutical industry. The increasing demand for peptide drugs and the need for more sustainable manufacturing practices drive significant innovations and expansions in SPPS. As the market continues to address environmental challenges and improve efficiency, SPPS is set to maintain its pivotal role in drug development and other applications.
North America is Expected to Record Significant Growth Over the Forecast Period
The North American market for peptide synthesis is expected to grow due to factors such as strong R&D investment in biotechnology and pharmaceuticals, advanced healthcare infrastructure, the presence of major pharmaceutical and biopharmaceutical companies, and the increasing prevalence of chronic diseases.
The presence of a large number of academic and research institutes and heavy funding from the government and private entities are expected to result in several new developments in the region, further adding to the growth of the market as many of these research institutes are working on novel therapies involving therapeutic peptides.
The rising funding from the National Institute of Health on genomic research is anticipated to propel market growth over the forecast period. For instance, in September 2023, the National Institute of Health (NIH) allocated around USD 5.8 million for a five-year initiative to establish an educational center focusing on computational genomics and data science. This aims to broaden educational and research horizons, particularly targeting students from historically marginalized backgrounds in the biomedical field. Therefore, such huge funding for genomics is anticipated to increase the adoption of peptide synthesis for genomics.
Some of the world's largest pharmaceutical and biopharmaceutical companies are present in the United States. In September 2023, Corden Pharma, a key company in active pharmaceutical ingredients (APIs), excipients, drug products, and packaging services, inaugurated an expanded commercial peptide production capacity with newly upgraded facilities at its Colorado site. This expansion reinforced Corden Pharma's status as the premier large-scale peptide CDMO partner for the pharmaceutical and biotech industries.
Therefore, owing to the high burden of chronic diseases, well-established and robust healthcare infrastructure, rising investments in genomics and proteomics, and significant investment in research and development activities, the United States is expected to hold a significant share of the peptide synthesis market over the forecast period.
Peptide Synthesis Industry Overview
The peptide synthesis market is competitive in nature, with several major players. Some companies are expanding their market position by adopting various strategies, such as acquisitions, mergers, and research collaborations, while others are introducing new products to maintain their market share. Some of the key market players include Bachem, Merck KGaA, Novozymes, and Thermos Fisher.
Peptide Synthesis Market Leaders
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Merck KGaA
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Thermo Fisher Scientific Inc.
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GenScript
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Novozymes A/S
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Bachem Holding AG
*Disclaimer: Major Players sorted in no particular order
Peptide Synthesis Market News
- June 2024: Eli Lilly achieved a significant milestone by completing its state-of-the-art synthetic peptide manufacturing facility at its Kinsale, Ireland, site. This facility earned recognition as a 2024 ISPE Facility of the Year Award (FOYA) Category Winner for Innovation. The new IE2b facility exemplifies innovation and safety with its advanced hybrid LPPS/SPPS manufacturing platform.
- December 2023: Gyros Protein Technologies AB partnered with Biotage, a global provider of high-quality purification and sample preparation solutions. This collaboration introduced Biotage PeptiPEC high-throughput kits, facilitating fast and low solvent consumption solutions for plate-based peptide purification.
Global Peptide Synthesis Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Investments Along with Huge Funding for R&D of Genomics and Proteomics in Bio-pharmaceutical Industry
4.2.2 Rapid Technological Advancements in Peptide Synthesizers and Strong Peptide Therapeutics Pipeline
4.3 Market Restraints
4.3.1 Issues Pertaining to Large-scale Peptide Synthesis and Lack of Robust Distribution Network
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Technique
5.1.1 Solid-phase
5.1.2 Liquid-phase
5.1.3 Hybrid and Recombinant
5.2 By Product Type
5.2.1 Equipment
5.2.2 Reagents and Consumables
5.2.2.1 Enzymes
5.2.2.2 Others
5.2.3 Services
5.3 By End User
5.3.1 Pharmaceutical and Biotechnology Companies
5.3.2 Contract Development and Manufacturing Organization (CDMO)
5.3.3 Academic and Research Institutes
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 AAPPTec
6.1.2 AnaSpec
6.1.3 Bachem Holding AG
6.1.4 CEM Corporation
6.1.5 CSBio Company Inc.
6.1.6 Biosynth (Vivitide)
6.1.7 Thermo Fisher Scientific Inc.
6.1.8 GenScript
6.1.9 JPT Peptide Technologies
6.1.10 ProteoGenix
6.1.11 Novozymes A/S (Novonesis Group)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Peptide Synthesis Industry Segmentation
Peptides are a unique class of highly active and specific pharmaceutical compounds, molecularly poised between small molecules and proteins yet biochemically and therapeutically diverse from both. The advantages of peptides, such as relative ease of synthesis, ready availability, and low toxicity, increased their applications in the pharmaceutical, nutritional, and cosmetic industries, resulting in high demand for rapid advancements in the technologies to enhance their synthesis.
The peptide synthesis market is segmented by technology, product, end user, and geography. By technology, the market is segmented into solid-phase, liquid-phase, and hybrid and recombinant. By product, the market is segmented into equipment, reagents and consumables, and services. The reagents and consumables are further segmented into enzymes and others. By end user, the market is segmented into pharmaceutical and biotechnology companies, contract development and manufacturing organizations (CDMO), and academic and research institutes. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The report also covers the market sizes and forecasts in 21 countries across major regions. For each segment, the market sizing and forecasts were made on the basis of revenue (USD).
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Solid-phase | |
Liquid-phase | |
Hybrid and Recombinant |
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Equipment | ||||
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Services |
By End User | |
Pharmaceutical and Biotechnology Companies | |
Contract Development and Manufacturing Organization (CDMO) | |
Academic and Research Institutes |
Geography | ||||||||
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Global Peptide Synthesis Market Research Faqs
How big is the Global Peptide Synthesis Market?
The Global Peptide Synthesis Market size is expected to reach USD 0.89 billion in 2024 and grow at a CAGR of 6.35% to reach USD 1.21 billion by 2029.
What is the current Global Peptide Synthesis Market size?
In 2024, the Global Peptide Synthesis Market size is expected to reach USD 0.89 billion.
Who are the key players in Global Peptide Synthesis Market?
Merck KGaA, Thermo Fisher Scientific Inc., GenScript, Novozymes A/S and Bachem Holding AG are the major companies operating in the Global Peptide Synthesis Market.
Which is the fastest growing region in Global Peptide Synthesis Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Peptide Synthesis Market?
In 2024, the North America accounts for the largest market share in Global Peptide Synthesis Market.
What years does this Global Peptide Synthesis Market cover, and what was the market size in 2023?
In 2023, the Global Peptide Synthesis Market size was estimated at USD 0.83 billion. The report covers the Global Peptide Synthesis Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Peptide Synthesis Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Peptide Synthesis Industry Report
Statistics for the 2023 Peptide Synthesis market share, size and revenue growth rate, created by ÌÇÐÄvlog´«Ã½â„¢ Industry Reports. Peptide Synthesis analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.