Global Biocatalysis and Biocatalysts Market Growth 2023-2029

Global Biocatalysis and Biocatalysts Market Growth 2023-2029

Biocatalysis is defined as a chemical process through which enzymes and other biological catalysts conduct reaction between organic components. Advancements in the biocatalysis technique have eventually increased the utility and penetration of biocatalysts in several application areas.

LPI (LP Information)' newest research report, the “Biocatalysis and Biocatalysts Industry Forecast” looks at past sales and reviews total world Biocatalysis and Biocatalysts sales in 2022, providing a comprehensive analysis by region and market sector of projected Biocatalysis and Biocatalysts sales for 2023 through 2029. With Biocatalysis and Biocatalysts sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biocatalysis and Biocatalysts industry.

This Insight Report provides a comprehensive analysis of the global Biocatalysis and Biocatalysts landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biocatalysis and Biocatalysts portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Biocatalysis and Biocatalysts market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biocatalysis and Biocatalysts and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biocatalysis and Biocatalysts.

The global Biocatalysis and Biocatalysts market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Rising demand from the food and beverages industry will be one of the major factors that will have a positive impact on the growth of the market. The changing lifestyle of people and the increase in per capita income led to a shift in food habits, there is an increasing preference for healthier diet and food. This in turn, will fuel the growth prospects of the market since the food industry uses biocatalysts such as carbohydrases, proteases, and lipases due to their properties such as anti-staling and softening that raises the shelf life of food products and beverages. The global biocatalysis and biocatalysts market in the detergents industry will grow at a steady pace during the forecast period due to the increasing use of biocatalysts, such as amylases, lipases, and proteases, in detergents to help remove stains from fibers. These enzymes allow stain removal in low temperature, short washing cycle, and minimal water usage. Europe is the largest market for biocatalysis currently and the same is expected to continue till 2019. This is because of high environmental regulations in Europe which is resulting in high demand for biocatalysts in the production of biofuel. The North American market is expected to register second highest growth rate after Europe. The Asia-Pacific market is expected to show a steady growth rate but the market is currently lower than North America and Europe. The U.S., Germany, and China are the hub of biocatalysts manufacturing in the world and are the major consumers of biocatalysts.

This report presents a comprehensive overview, market shares, and growth opportunities of Biocatalysis and Biocatalysts market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Protease
Lipase
Carbohydrase
Others

Segmentation by application
Food and Beverages Industry
Detergents Industry
Biofuel Production Industry
Agriculture and Feed Industry
Biopharmaceutical Industry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BASF
Codexis
Novozymes
Royal DSM

Key Questions Addressed in this Report

What is the 10-year outlook for the global Biocatalysis and Biocatalysts market?

What factors are driving Biocatalysis and Biocatalysts market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Biocatalysis and Biocatalysts market opportunities vary by end market size?

How does Biocatalysis and Biocatalysts break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.