GCC Biocatalyst Market Share, Size, Growth & Report 2023-2028

GCC Biocatalyst Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4913

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Market Overview:

The GCC biocatalyst market size reached 910 Tons in 2022. Looking forward, IMARC Group expects the market to reach 1,220 Tons by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

Biocatalysts refer to enzymes or microbes that accelerate or initiate chemical reactions in a living body. They are generally present in living organisms, including plants, animals and microorganisms, that helps in modifying the rate of chemical reactions and conversion of organic compounds. Apart from this, they are utilized for industrial purposes due to their ability to withstand mild conditions. Additionally, they are also used in the pharmaceutical industry to manufacture statins, antibodies, amino acids and vitamins.

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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The market in the GCC region is primarily driven by significant growth in the field of biotechnology. Along with this, multiple key players in the region are actively engaging in joint ventures to strengthen their market presence. Moreover, continual technological advancements across the GCC region, such as the deployment of machine learning (ML) and biosensors with biocatalysis processes, are also positively influencing the market growth. Some of the other factors contributing to the market growth include the increasing investments by the governments of numerous countries across the GCC region to conduct extensive research and development (R&D) activities and the rapid substitution of chemical catalysts with biocatalysts across industries.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the GCC biocatalyst market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on type, application and source.

Breakup by Type:

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Hydrolases
Oxidoreductases
Transferases
Others

Breakup by Application:

Food and Beverages
Cleaning Agent
Biofuel Production
Agriculture and Feed
Biopharmaceuticals
Others

Breakup by Source:

Microorganisms
Plants
Animals

Breakup by Country:

Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	Kilo Tons
Segment Coverage	Type, Application, Source, Country
Countries Covered	Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The GCC biocatalyst market reached a volume of 910 Tons in 2022.

We expect the GCC biocatalyst market to exhibit a CAGR of 4.9% during 2023-2028.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several GCC nations resulting in the temporary closure of numerous end-use industries for biocatalysts.

The rising demand for biocatalyst in the production of biofuels and biopharmaceuticals, owing to its environment sustainability, is primarily driving the GCC biocatalyst market.

Based on the type, the GCC biocatalyst market can be categorized into hydrolases, oxidoreductases, transferases, and others. Currently, hydrolases account for the majority of the total market share.

Based on the application, the GCC biocatalyst market has been segregated into food and beverages, cleaning agent, biofuel production, agriculture and feed, biopharmaceuticals, and others. Among these, food and beverages currently hold the largest market share.

Based on the source, the GCC biocatalyst market can be bifurcated into microorganisms, plants, and animals. Currently, microorganisms exhibit a clear dominance in the market.

On a regional level, the market has been classified into Saudi Arabia, UAE, Qatar, Oman, Kuwait, and Bahrain, where Saudi Arabia currently dominates the GCC biocatalyst market.

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