Biotechnology in Russia

Healthcare in Russia

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2024: The volume of the Russian biotechnology market for the year reached ₽300 billion

The volume of the Russian biotechnology market in 2023 amounted to ₽300 billion. This information was announced in early October 2024.

First Deputy Prime Minister Denis Manturov, citing this data, announced the upcoming launch of a new national project dedicated to the development of bioeconomics. The project will begin in April 2025, and the government is already actively working on the preparation of an appropriate strategic document.

Freepik

According to Manturov, more than 1000 companies specializing in the development of biotechnology operate in Russia. This indicates the significant potential of the industry and its growing role in the country's economy.

Minister of Industry and Trade of Russia Anton Alikhanov emphasized the intersectoral nature of biotechnology. He noted that even a small nomenclature of biotechnological products or raw materials is able to meet the key needs of many industries.

As an example, Alikhanov cited ascorbic and citric acids, which are widely used in the food and pharmaceutical industry, cosmetics, household chemicals and oil production. Enzymes are used in the food and leather industries, medicine, agriculture, analytical chemistry and genetic engineering.

The minister also noted Russia's unique capabilities in the field of the raw material base for biotechnology. Unlike many countries that use soybeans for protein synthesis, Russia can use cellulose-containing materials such as wood waste, sunflower husks, corn cob rods, peat and cotton husks.

Denis Manturov cited an example of the innovative use of biotechnology - the production of ethyl alcohol from sawdust. In addition, he noted the active development of biotechnology in agriculture in the production of feed additives and enzymes, as well as in pharmaceuticals for the treatment of cancer and the production of vaccines.^[1]

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