Plant-based Vaccines Market is expected to reach US$ 2.34 Billion by 2031 End, Emergence of Numerous Infectious Diseases to Fuel Growth of the Market, Says TMR

Growing popularity of plant-based vaccines for aspects such as less time requirement and low investments as compared to recombinant protein methods is expected to offer considerable growth opportunities during the forecast period

Technological developments in the plant-based vaccines market are anticipated to drive the global market

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Transparency Market Research

Sep 27, 2021, 08:30 ET

ALBANY, N.Y., Sept. 27, 2021 /PRNewswire/ -- Rising awareness about the benefits of plant-based vaccines coupled with significant increase in infectious diseases around the world is projected to lead to substantial growth of the plant based vaccines market during the forecast period of 2021-2031.

Plant-based vaccines are economically effective and free of cold-chain transport. They are easy to store, and the production facilities can be expanded without hassle. Thus, the demand for plant-based vaccines is expected to grow.

Transparency Market Research (TMR) has conducted extensive research on various aspects related to the growth of the plant-based vaccines market. The analysts at TMR expect the global market for plant-based vaccines to expand at a CAGR of 7.38% during the forecast period of 2021-2031. The plant-based vaccines market is expected to reach US$ 2.34 Bn by 2031.

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Diseases including Ebola, Zika, and COVID-19 are propelling the requirement of plant-based vaccines on a large scale. Advancements such as the plant-based expression technologies help decrease cost and time associated in developing traditional vaccines. However, manufacturers are facing issues in developing 3^rd generation plant vaccines. For overcoming these problems, manufacturers are trying to inculcate latest technologies such as sonication, electroporation, and biolistic to develop these types of vaccines. These aspects are projected to have a profound impact on the growth of the plant-based vaccines market.

Key Findings of Report

Expanding Research on Developing Plant-based Vaccines for Combating COVID-19 to Invite Substantial Growth

The race for an effective vaccine to fight COVID-19 infection is the main focus of many companies. Various technologies and methods are being implemented for developing effective vaccines to combat the COVID-19 infection, including plant-based vaccines. For instance, researchers are developing an affordable plant-based COVID-19 vaccine to be produced in Botswana for preventing the transmission of the novel coronavirus. Such developments add value to the growth trajectory of the plant-based vaccines market.

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Increase in Influenza Cases to Impact Growth of Plant-based Vaccines Market

Influenza is a type of respiratory infection caused by the influenza virus. It spreads easily. Many players in the plant-based vaccines market are striving to develop accurate and effective candidates for protection of individuals against influenza. Medicago's quadrivalent influenza vaccine (QIV) is a classic instance. The vaccine is currently under review by the health authorities, and stimulates a balanced antibody and cellular immune response and efficacy against numerous influenza strains. Similar developments will ensure substantial growth prospects for the plant-based vaccines market.

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Regional Landscape of Plant-based Vaccines Market

North America held a major share of the plant-based vaccines market in 2020. The region is expected to show a similar trend during this forecast period. The presence of key players in the region is propelling growth of the global market in the region.
Europe is anticipated to observe rapid growth during the forecast period. A well-developed healthcare sector offers immense growth prospects.
Asia Pacific plant-based vaccines market may witness steady growth, owing to increase in technological developments in these vaccines across the region

Some well-established players in the plant-based vaccines market are Fraunhofer Center for Manufacturing Innovation, Kentucky BioProcessing, Inc., Creative Biolabs, EEA Consulting Engineers, iBio, Medicago Inc., and Protalix.

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Global Plant-based Vaccines Market: Segmentation

Plant-based Vaccines Market, by Type

Bacterial Vaccine
Viral Vaccine
Others

Plant-based Vaccines Market, by Plant Source

Tobacco
Potato
Others

Plant-based Vaccines Market, by Application

Against Infectious Agents
Anti-cancer
Against Autoimmune Disorders

Plant-based Vaccines Market, by Region

North America

U.S.
Canada

Europe

Germany
U.K.
France
Italy
Spain
Rest of the Europe

Asia Pacific

Malaysia
Thailand
Indonesia
Vietnam
China
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

GCC Countries
South Africa
Rest of Middle East & Africa

Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research:

Human Vaccines Market: According to Transparency Market Research's latest report on the global human vaccine market for the historical period 2017–2018 and forecast period 2019–2027, extremely low risk of serious and fatal side effects, education and awareness through various governmental and non-profit organizations, growing preference for outsourcing of vaccine manufacturing are projected to drive the global human vaccine market during the forecast period.

Respiratory Virus Vaccines Market: Companies in the respiratory virus vaccines market are developing promising vaccines that protect the health of individuals from tuberculosis and influenza. They are intensifying their R&D capabilities to develop neutralizing antibodies and therapeutic respiratory virus vaccines that can generate value-grab opportunities for manufacturers.

Foot and Mouth Disease Vaccines Market: Companies in the foot and mouth disease vaccines market are increasing the availability of effective and affordable vaccines that are designed to combat several strains of foot and mouth disease virus (FMDV). Manufacturers are increasing their efficacy in the development of synthetic vaccines capable of triggering optimum immune responses sans the need to grow live infectious viruses. These synthetic foot and mouth disease vaccines are reducing the risks of potential infections and contamination in livestock.

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