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The North America biocatalysts market reached a volume of 39,864 Tons in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.6% during 2021-2026. 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 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.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America biocatalysts market report, along with forecasts for growth at the country level from 2021-2026. Our report has categorized the market based on country, type, application and source.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Customization: Although IMARC has tried to cover everything in the North America biocatalysts market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.
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