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Biocatalyst Market Size, Share, Competitive Landscape and Trend Analysis Report, by Source, by Type, by End-use industry : Global Opportunity Analysis and Industry Forecast, 2024-2032

Biocatalyst Market Size, Share, Competitive Landscape and Trend Analysis Report,...

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Biocatalyst Market Size, Share, Competitive Landscape and Trend Analysis Report, by Source, by Type, by End-use industry : Global Opportunity Analysis and Industry Forecast, 2024-2032
Biocatalyst Market Size, Share, Competitive...
Report Code
RO3/128/1194

Publish Date
29/Jul/2024

Pages
200
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The global biocatalyst market revenue was around US$ 1.17 billion in 2023 and is estimated to reach US$ 2.10 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.7% during the forecast period from 2024 to 2032.
A biocatalyst is a catalyst that originates from a biological source, usually enzymes or entire cells. Protein molecules called enzymes function as catalysts in biochemical reactions, speeding up the process of converting substrates into products. They exhibit a high level of specificity and effectiveness in their catalytic functions. Biocatalysis involves utilizing these biological catalysts to carry out chemical reactions. Enzymes can accelerate various reactions, such as breaking down complex molecules, creating new molecules, and altering current molecules. They can operate in gentle reaction conditions, like room temperature and pressure, which is beneficial for the environment and energy efficiency.
Factors Influencing Market Growth
- Increased demand from the food and beverage industry is driving the demand for the biocatalysts market globally.
- Biocatalysts can offer cost advantages over traditional chemical catalysts due to their specificity, efficiency, and lower energy requirements. As a result, this factor may boost the global market growth.
- Biocatalysts, especially enzymes, may exhibit restricted stability and shelf life, particularly in challenging operating conditions. This restriction could limit their application in activities needing extended use or in sectors that require extended product durability and this factor may hinder the market growth.
COVID-19 Impact Analysis
Biocatalysts were essential in the advancement and manufacturing of COVID-19 vaccines, treatments, and diagnostic tests. The increase in the need for biocatalysts in the pharmaceutical industry had a positive impact on market expansion. Similar to numerous sectors, the biocatalyst market experienced interruptions in the supply chain. Problems like delays in delivering raw materials, logistical obstacles, and limitations on global trade affected the production timelines and availability of biocatalyst items.
Regional Analysis
The Asia-Pacific region has obtained the largest share of the market and is expected to be the region with the fastest growth. Enzymes are essential in activities such as chiral synthesis, separation of enantiomers, and stereoselective changes. Biocatalysts are utilized in the food and beverage sector in China for a range of purposes including flavor creation, food processing, and altering ingredients. Enzymes such as proteases, amylases, and lipases are utilized to enhance the texture, flavor, and nutritional content of food items.
Leading Companies
- Novozymes
- DuPont de Nemours, Inc.
- Prozomix Limited
- DSM, Codexis, Inc.
- BASF SE
- AB Enzymes
- Amano Enzyme Inc.
- Biocatalysts
- Other Prominent Players
Segmentation Outline
The global biocatalyst market is segmented into the source, type, end-use industry, and region.
Segmentation based on Type
- Oxidoreductases
- Transferases
- Hydrolases
- Others
Segmentation Based on End-use Industry
- Pharmaceutical
- Food and beverage
- Water Treatment
- Biofuel
- Others
Segmentation based on Region
- North America?
o The U.S.
o Canada
- Europe?
o UK
o Germany
o France
o Italy
o Spain
o Netherlands
o Rest of Europe
- Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Singapore
o Rest Of Asia-Pacific
- LAMEA?
o Latin America
o Middle East
o Africa

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