The North America biocatalysts market reached a volume of 37,769 Tons in 2019. Biocatalysts are defined as substances made from biological (non-human) materials or enzymes, which help in modifying or increasing the rate of a chemical reaction. Some of the common biocatalysts include microbes, lipases, proteases, cellulases and amylases. They are organic, biodegradable, and have high catalytic efficiency and the ability to operate under mild conditions. Owing to the aforementioned properties possessed by biocatalysts, they are widely used in various industries, including food and beverages, pharmaceuticals, detergents and textiles.
The North America biocatalysts market is currently being driven by several factors. The rising environmental concerns have increased the demand for biocatalysts in the production of biochemicals, biofuels and other biomaterials. Furthermore, biocatalysts also help in waste reduction, which makes them highly efficient to be used in the region’s chemical industry. Apart from this, several biocatalysts, such as carbohydrase, protease, and lipase, act as digestive, anti-staling, and softening agents for food and beverages. Additionally, they also help in increasing the shelf life of edibles that is further driving the market growth. Moreover, rising technological innovations in the pharmaceuticals industry have also propelled the demand for biocatalysts in the region. Looking forward, IMARC Group expects the market to reach a volume of 51,195 Tons by 2025, registering a CAGR of 5.2% during 2020-2025.
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