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.
Biocatalysts Market Analysis and Size
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.
Biocatalysts Market Scope and Segmentation
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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.
Global Biocatalysts Market Dynamics
Drivers
- Increasing Demand for Sustainable and Eco-Friendly Processes
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.
- Growing applications in various industries
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.
- Rising demand for bio-based products
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
- Growing Investments in Research and Development
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.
- Advancements in Biotechnology and Enzyme Engineering
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
- High production costs
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.
- Limited stability and specificity
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.
- Limited availability of commercial biocatalysts
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.
- Lack of awareness and technical expertise
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
- In November 2022, LanzaTech's breakthrough in developing specialized biocatalysts for continuous ethylene production from CO2 presents a significant advancement in the field of biocatalysis. This innovative approach offers a more sustainable and energy-efficient process, reducing carbon emissions and addressing one of the chemical industry's major challenges. The development has the potential to impact the global ethylene market, promoting the use of biocatalysts in the production of essential chemicals and materials
Global Biocatalysts Market Scope
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
- Hydrolases
- Oxidoreductases
- Transferases
- Others
Source
- Microorganisms
- Plants
- Animal
Application
- Food and Beverages
- Cleaning Agent
- Biofuel Production
- Agriculture and Feed
- Biopharmaceuticals
- Others
Global Biocatalysts Market Regional Analysis/Insights
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.
Competitive Landscape and Global Biocatalysts Market Share Analysis
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:
- 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)
- Piramal Pharma Solutions (India)
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