The latest report by IMARC Group, titled “Japan Biocatalyst Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027”, finds that the Japan biocatalyst market size reached 5.26 Kilo Tons in 2021. Biocatalysts refer to a type of enzymes or microbes present in living organisms such as animals, plants, and microorganisms. They assist in modifying or improving the rate of a chemical reaction in a living body. They are biodegradable and organic and possess a high catalytic efficiency along with the capability to function under mild conditions. In recent years, biocatalysts have gained traction in Japan due to their extensive application in the pharmaceutical industry to produce statins, antibodies, amino acids, and vitamins.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These will be integrated into the report.
Japan Biocatalyst Market Trends:
One of the primary factors driving the market is the significant expansion in the field of biotechnology. Additionally, due to the environment-friendly nature of biocatalysts, they are being extensively adopted for numerous industrial and commercial applications, thereby creating a positive market outlook. Other than this, the increasing awareness about the advantages of biocatalysts and their environmental sustainability is boosting their demand in various industry verticals, such as food and beverage (F&B), starch processing, detergents, and textiles. Besides this, the widespread adoption of biocatalysts in the production of biofuels and biopharmaceuticals is strengthening the market growth. Apart from this, key players are introducing distinctive enzyme products in the market to help them expand their product portfolio, thus contributing to the market growth. Moreover, the rising environmental awareness, along with the lesser synthetic production pathway, reduced waste, and co-products, are augmenting the market growth. Other growth-inducing factors include extensive research and development (R&D) activities performed by key players to expand their consumer base and constant technological improvements. Looking forward, IMARC Group expects the market to reach 8.28 Kilo Tons by 2027, expanding at a CAGR of 7.77% during the forecast period (2022-2027).
- Based on the type, the market has been divided into hydrolases, oxidoreductases, transferases, and others.
- On the basis of the application, the market has been segmented into food and beverage, cleaning agent, biofuel production, agriculture and feed, biopharmaceuticals, and others.
- Based on the source, the market has been segregated into microorganisms, plants, and animals.
- Region-wise, the market has been classified into Kanto, Kinki, Central/Chubu, Kyushu-Okinawa, Tohoku, Chugoku, Hokkaido, and Shikoku region.
- The competitive landscape of the market has also been analyzed, along with detailed profiles of key players operating the industry.
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