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Market Size in USD Billion
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USD 534.67 Million |
| USD 880.23 Million | |
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Global Biocatalysts Market, By Type (Hydrolases, Oxidoreductases, Transferases, and Others), Source (Microorganisms, Plants, and Animals), Application (Food and Beverages, Cleaning Agent, Biofuel Production, Agriculture and Feed, Biopharmaceuticals, and Others) - Industry Trends and Forecast to 2030.
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The rise in the environmental awareness is expected to influence the growth of the global biocatalysts market. In line with this, the shorter synthetic production pathway and reduced waste and co-products are also anticipated to act as key determinants favouring the growth of the global biocatalysts market. Also the, rise in the spending capacity of consumers and penetration of bio catalysis in emerging end-use industries are also expected to positively impact the growth of the global biocatalysts market. The major factor accountable for the growth of the market is the rapid increase in the number of research activities in biofuels and biopharmaceuticals.
Data Bridge Market Research analyses that the global biocatalysts market which was USD 534.67 million in 2022, is expected to reach USD 880.23 million by 2030, and is expected to undergo a CAGR of 6.43% during the forecast period of 2023 to 2030. “Food and beverages” dominates the application segment of the biocatalysts market as they facilitate various processes such as enzymatic conversion, flavor enhancement, and food ingredient modification. Biocatalysts can improve the efficiency and sustainability of food production, leading to enhanced product quality, reduced costs, and environmentally friendly processes. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Kilo Tons, Pricing in USD
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Segments Covered
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Type (Hydrolases, Oxidoreductases, Transferases, Others), Source (Microorganisms, Plants, and Animal), Application (Food and Beverages, Cleaning Agent, Biofuel Production, Agriculture and Feed, Biopharmaceuticals, and Others)
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Countries Covered
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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., South Africa, Egypt, Israel, 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
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Market Players Covered
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Novozymes (Denmark), DuPont (U.S.), DSM (Netherlands), Codexis (U.S.), BASF SE (Germany), Lonza (Switzerland), Amano Enzyme Inc. (Japan), Dyadic International Inc. (U.S.), Biocatalysts Limited (U.K.), AB Enzymes (Germany), Prozomix Limited (U.K.), Chr Hansen Holding A/S (Denmark), evoxx technologies GmbH (Germany), and Piramal Pharma Solutions (India)
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Market Opportunities
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Market Definition
Biocatalysts are the type of enzymes which help in modifying or enhancing the rate of a chemical reaction, such as the making of alcohol through fermentation. Biocatalysts are organic and biodegradable, having the potential to function under mild conditions. Due to these advantages, biocatalysts are extensively used in the pharmaceutical, food and beverage, textile and soap and detergent industries.
Drivers
Biocatalysts offer sustainable alternatives to traditional chemical processes, as they are derived from natural sources and exhibit high selectivity and efficiency. With growing environmental concerns and regulatory pressures, industries are adopting biocatalysts to reduce their carbon footprint and minimize the use of hazardous chemicals.
Biocatalysts find applications across a wide range of industries, including pharmaceuticals, food and beverages, agriculture, and biofuels. In the pharmaceutical industry, biocatalysts are used for drug synthesis, enabling efficient and cost-effective manufacturing processes. In the food and beverages industry, they are utilized for flavour enhancement and food processing. The versatility of biocatalysts makes them valuable in multiple sectors, driving market growth.
With the increasing preference for sustainable and bio-based products, the demand for biocatalysts has surged. Biocatalysts enable the production of bio-based chemicals, polymers, and materials, offering an alternative to fossil fuel-derived products. The shift towards bio-based products driven by consumer awareness and government initiatives fuels the demand for biocatalysts.
Opportunities
Significant investments in research and development activities are driving the discovery and development of new biocatalysts with improved properties. Government funding, collaborations between academic institutions and industry players, and the emergence of biotech start-ups have accelerated the pace of innovation in bio catalysis, leading to the growth of the market.
Significant advancements in biotechnology have led to the development of novel biocatalysts with enhanced catalytic properties. Enzyme engineering techniques, such as protein engineering and directed evolution, enable the modification of enzymes for specific applications, expanding their versatility and performance.
Restraints/ Challenges
Biocatalysts, especially specialized enzymes, can be expensive to produce at a large scale. The costs associated with upstream processes, such as fermentation or recombinant DNA technology, as well as downstream purification and formulation, can significantly impact the overall production costs. High production costs can limit the widespread adoption of biocatalysts, especially in price-sensitive industries.
Some biocatalysts exhibit limited stability and specificity under certain conditions, making their application challenging in certain industrial processes. Factors such as temperature, pH, and the presence of inhibitors can affect the performance and efficiency of biocatalysts. The need for optimized process conditions and the potential for enzyme deactivation or degradation can pose challenges and restrict their use in some applications.
While there is a wide range of biocatalysts available in research and development settings, the availability of commercialized biocatalysts for specific applications may be limited. Developing and scaling up biocatalysts for industrial use requires substantial investments and time, resulting in a slower pace of commercialization. The limited availability of commercial biocatalysts can restrict their adoption in various industries.
The adoption of biocatalysts requires technical expertise and understanding of their potential benefits and applications. The lack of awareness among end-users, such as manufacturers and process engineers, about the capabilities and advantages of biocatalysts can be a barrier to their widespread implementation. Education and training programs to enhance knowledge and technical skills can help overcome this restraint.
This global biocatalysts market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized 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, geographic expansions, technological innovations in the market. To gain more info on the global biocatalysts market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
The global biocatalysts market is segmented on the basis of type, source, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Source
Application
The global biocatalysts market is analysed and market size insights and trends are provided by type, source, and application and are referenced above.
The countries covered in the biocatalysts market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America in South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific in Asia-Pacific, and U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and the rest of the Middle East and Africa in Middle East and Africa
Europe dominates the global biocatalysts market owing to the strict governmental regulations in numerous and the increase in the use of renewable raw materials instead of fossil fuels in this region.
Asia-Pacific is expected to be the fastest growing market in the global biocatalysts market and during the forecast period of 2023 to 2030 owing to the high demand for highly productive food crops in emerging economies unpaid to raise in the population.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
The global biocatalysts market competitive landscape provides details by competitors. 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 the global biocatalysts market.
Some of the major players operating in the global biocatalysts market are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Biocatalysts Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Biocatalysts Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.