Global Biocatalysis Market, By Type (Hydrolases, Oxidoreductases, Transferases, Others), Application (Food and Beverages, Cleaning Agents, Agriculture and Feed, Biofuel Production, Biopharmaceuticals, Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2029.
Data Bridge Market Research analyses that the biocatalysis market will witness a CAGR of 6.90% for the forecast period of 2022-2029.
Biocatalysis is a chemical reaction that involves the use of enzymes and other biological catalysts to react organic compounds. Agriculture and feed, biopharmaceuticals, biofuel generation, food and beverage production, cleaning agents, and other sectors use biocatalysis extensively.
The rising consumer awareness of environmentally friendly products and increased biocatalysis penetration in developing end-use industries, are among the major factors driving the biocatalysis market. Furthermore, technological advancements, and expanding consumer purchasing capacity are some of the factors predicted to accelerate the biocatalysis market forward. Other significant factors including the growing personal care and cosmetic industries coupled with the rising demand from biopharmaceutical sector will cushion the market’s growth rate.
Moreover, growing use of biocatalysts resulting in yield maximization and cost optimization will establish new opportunities for ordinary bearing manufacturers in the near future.
On the other hand, the dearth of applications for certain applications and competitive technologies will inhibit market expansion. Also, conservative consumers and the lack of appropriated facilities will further challenge the growth rate of market.
This biocatalysis market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on biocatalysis market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Biocatalysis Market Scope and Market Size
The biocatalysis market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the biocatalysis market is segmented into hydrolases, oxidoreductases, transferases, and others.
- On the basis of application, the biocatalysis market is segmented into food and beverages, cleaning agents, agriculture and feed, biofuel production, biopharmaceuticals and others..
Biocatalysis Market Country Level Analysis
The biocatalysis market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the biocatalysis market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the biocatalysis market due to the increasing research and development activities associated with biocatalysis in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the technological advancements and growing demand from various end-use industries in this region.
The country section of the biocatalysis market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Biocatalysis Market Share Analysis
The biocatalysis market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to biocatalysis market.
Some of the major players operating in the biocatalysis market are Novozymes, DSM, Codexis, Chr Hansen Holding A/S, DuPont, Biocatalysts, Piramal Enterprises Ltd., Amano Enzyme Inc., BASF SE, Dyadic International, Inc., The Soufflet Group, AB Enzymes, Royal family, Afton Chemical, and Lonza, among others.