The United States biocatalyst market size reached US$ 3.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.
Biocatalyst refers to the enzyme present in living organisms, including plants, animals and microorganisms, that helps in modifying the rate of several chemical reactions and conversion of organic compounds. Generally, they are biodegradable, organic and possess superior catalytic efficiency. Apart from this, they are also utilized in the pharmaceutical industry for manufacturing numerous medicines, such as statins, 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 United States is primarily driven by significant growth in the field of biotechnology. Along with this, several major players are actively engaging in the manufacturing of artificial enzymes to promote proper body functioning. Moreover, numerous firms across the country are heavily investing to expand their manufacturing capabilities, which is also providing an impetus to the market growth. Some of the other factors contributing to the market growth include technological advancements in molecular engineering and extensive research and development (R&D) activities conducted by key players to introduce innovative biocatalyst technology.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States biocatalyst market report, along with forecasts at the country and regional 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 Beverage
Cleaning Agents
Biofuel Production
Agriculture and Feed
Biopharmaceuticals
Others
Breakup by Source:
Microorganisms
Plants
Animal
Breakup by Region:
Northeast
Midwest
South
West
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
US$ Billion
Segment Coverage
Type, Application, Source, Region
Region Covered
Northeast, Midwest, South, West
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 United States biocatalyst market was valued at US$ 3.2 Billion in 2022.
We expect the United States biocatalyst market to exhibit a CAGR of 7.5% during 2023-2028.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation 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 the growing awareness regarding its environment sustainability, is primarily driving the global biocatalyst market.
Based on the type, the United States biocatalyst market can be segmented into hydrolases, oxidoreductases, transferases, and others. Currently, hydrolases hold the majority of the total market share.
Based on the application, the United States biocatalyst market has been divided into food and beverage, cleaning agents, biofuel production, agriculture and feed, biopharmaceuticals, and others. Among these, food and beverage currently exhibits a clear dominance in the market.
Based on the source, the United States biocatalyst market can be categorized into microorganisms, plants, and animal. Currently, microorganisms account for the largest market share.
On a regional level, the market has been classified into Northeast, Midwest, South, and West, where South currently dominates the United States biocatalyst market.
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