Europe Synthetic Biology Market Size, Share, Trends, Opportunity Assessment, Analysis and Growth Opportunities Forecast to 2028

 

The Europe synthetic biology market is expected to grow from US$ 3,111.58 million in 2021 to US$ 11,362.83 million by 2028; it is estimated to grow at a CAGR of 20.3% from 2021 to 2028.

Emerging Start-ups Driving Growth in Synthetic Biology

Governments in developing countries are increasingly funding domestic synthetic biology initiatives, leading to a surge in start-ups within the sector. Companies like Siolta Therapeutics are at the forefront, developing therapeutic microbial consortia to prevent and treat inflammatory illnesses. By analyzing clinical data, Siolta creates mixed-species therapies for oral supplementation. Unlike conventional allergy medications, its microbiome-based approach intervenes before the immune dysfunction cascade begins. One of its flagship candidates, STMC-103H, is currently being studied for treating allergic asthma, atopic dermatitis, and allergic rhinitis.

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Similarly, Kinnva Ltd., founded in 2017, is making significant strides in synthetic biology. Specializing in biotech, cleantech, and Agri-tech, Kinnva leverages innovative fermentation technology and advanced processing methods to produce high-value biochemicals. These biochemicals have applications across industries such as food, feed, nutraceuticals, and cosmetics. Such start-ups are playing a crucial role in expanding the synthetic biology market across the region.

Market Outlook

Advancements in synthetic biology technologies are enabling vendors to attract new customers and expand into emerging markets. This trend is expected to be a key driver of growth in the European synthetic biology market. With continuous innovation and increasing investments, the market is projected to grow at a significant CAGR during the forecast period.

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

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