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The global biocatalyst market reached a volume of 132.2 Kilo Tons in 2021. Looking forward, IMARC Group expects the market to reach 184.3 Kilo Tons by 2027, exhibiting at a CAGR of 5.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Biocatalysts are defined as substances of biological (non-human) origin, which possess the ability to catalyse a broad spectrum of reactions. They are organic, biodegradable and have high catalytic efficiency along with the ability to operate under mild conditions. Owing to this, they are used for various industrial and commercial applications.
The market is currently being driven by a number of favourable factors. Due to advancements in technology and the environment-friendly nature of biocatalysts, their use has expanded rapidly. Traditionally used to convert biologically derived (or renewable) feedstock, they are now being used in the production of biofuels, biopharmaceuticals, etc. Moreover, the growing awareness about the benefits of biocatalysts and their environment sustainability has stimulated their demand in industries such as food and beverage, detergents, starch processing and textiles.
The report has segmented the market on the basis of type. Currently, hydrolases represent the largest biocatalyst type, accounting for the majority of the total market share. Other major types are oxidoreductases and transferases. The report has also segmented the market on the basis of the application including food and beverage, cleaning agents, biofuel production, agriculture and feed, biopharmaceuticals and others. On a regional basis, the report covers Europe, North America, Asia-Pacific, Latin America, and Middle East and Africa. Among these, Europe represents the largest region, accounting for more than one-third of the total global share. The report has further analysed the competitive landscape of the market with some of the key players being Novozymes, DuPont and Royal DSM.
This report provides a deep insight into the global biocatalyst industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global biocatalyst industry in any manner.
Key Aspects Analysed:
Major Types of Biocatalyst Covered in This Report:
Major Applications Covered in This Report:
Major Sources Covered in This Report:
Major Regions Covered in This Report:
Focus of the Analysis:
The global biocatalyst market reached a volume of 132.2 Kilo Tons in 2021.
We expect the global biocatalyst market to exhibit a CAGR of 5.5% during 2022-2027.
The rising demand for biocatalyst in the production of biofuels and biopharmaceuticals, owing to the
growing awareness regarding its environment sustainability, is currently catalyzing the global biocatalyst
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of numerous end-use industries for
Based on the biocatalyst types, the global biocatalyst market can be segmented into hydrolases,
oxidoreductases, transferases, and others. Currently, hydrolases hold the majority of the total market
Based on the applications, the global biocatalyst market has been divided into food and beverage
industry, cleaning agents, biofuel production, agriculture and feed, biopharmaceuticals, and others.
Among these, the food and beverage industry currently exhibits a clear dominance in the market.
Based on the sources, the global biocatalyst market can be categorized into microorganisms, plants, and
animals. Currently, microorganisms account for the largest market share.
On a regional level, the market has been classified into Europe, North America, Asia-Pacific, Latin
America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global biocatalyst market include Novozymes, DuPont, and Royal DSM.
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