Global Biocatalysis & Biocatalysts Market Size By Type, By End-User Industry, By Application, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Biocatalysis & Biocatalysts Market Size And Forecast
Biocatalysis & Biocatalysts Market size was valued at USD 1.1 Billion in 2023 and is projected to reach USD 2.1 Billion by 2030, growing at a CAGR of 6.7% during the forecast period 2024-2030.
Global Biocatalysis & Biocatalysts Market Drivers
The market drivers for the Biocatalysis & Biocatalysts Market can be influenced by various factors. These may include
Sustainability Initiatives The search for more environmentally friendly and sustainable production techniques is being fueled by regulatory constraints to lessen environmental effect and growing public awareness. Biocatalysis provides one such environmentally friendly option.
Cost-Effectiveness Because biocatalysts may operate in mild environments and require less energy to produce goods, they are appealing to enterprises seeking to cut expenses in their operations.
Enhanced Specificity and Efficiency Compared to conventional chemical catalysts, biocatalysts provide greater specificity and efficiency in chemical processes, allowing for accurate synthesis and a decrease in the production of undesirable byproducts.
 Application Diversification The demand for biocatalysts is driven by the growing uses of these materials in a variety of industries, including agrochemicals, food and beverage production, biofuels, and medicines.
Developments in Biotechnology As biotechnology, enzyme engineering, and genetic engineering techniques continue to progress, more effective and customized biocatalysts can be created, which increases their appeal for use in industrial processes.
 Regulatory Support Because biocatalysts are less harmful to the environment and leave fewer ecological footprints, there is a growing body of regulatory support for their usage.
 Consumer Preference for Green Products As consumers’ preferences for products made using environmentally friendly and sustainable procedures grow, companies are adopting biocatalysts into their manufacturing processes.
Utilization of Renewable Feedstocks In line with the movement toward the principles of the circular economy, biocatalysts facilitate the use of renewable feedstocks, such as biomass and waste materials.
Global Biocatalysis & Biocatalysts Market Restraints
Several factors can act as restraints or challenges for the Biocatalysis & Biocatalysts Market. These may include
 Restricted Stability and Specificity Certain biocatalysts may exhibit limitations in terms of stability in specific environments (such as temperature and pH), and their specificity may not encompass all intended reactions, hence limiting their application.
High Development Costs Developing biocatalysts specifically for industrial processes can be expensive, especially for smaller businesses. This prevents biocatalysts from being widely used.
Operational Challenges The incorporation of biocatalysts into current industrial processes may necessitate infrastructure changes or additions, which could present operational difficulties and initial investment obstacles.
Scale-Up Challenges Maintaining efficiency and cost-effectiveness may present difficulties when producing biocatalysts on a commercial scale as opposed to in a lab.
Regulatory Obstacles The adoption of biocatalysts in specific locations or applications may be hindered by unclear or strict regulations around their use in particular industries.
Competition from Chemical Catalysts Because of their demonstrated efficacy, affordability, and maturity, traditional chemical catalysts may continue to rule some industrial processes, which could present a challenge for biocatalysts.
Perception and Knowledge Gap Decision-makers and industry stakeholders may not be fully aware of the advantages and possible uses of biocatalysts, which could impede their uptake.
Challenges with Enzyme synthesis Obtaining the necessary enzymes for biocatalysis may present difficulties with sourcing, synthesis, and purification, which may have an impact on the stability of the supply chain.
Global Biocatalysis & Biocatalysts Market Segmentation Analysis
The Global Biocatalysis & Biocatalysts Market is Segmented on the basis of By Type, By End-User Industry, By Application and By Geography
By Type
Enzymes Including different kinds that are employed as biocatalysts in diverse applications, such as hydrolases, oxidoreductases, transferases, etc.
Whole Cells Cells or microbes that operate as biocatalysts for particular reactions without isolating particular enzymes.
By End-User Industry
Chemical Industry Application of biocatalysts in production, synthesis, and processes related to chemicals.
Pharmaceutical and Healthcare Applications Pharmaceutical production, drug synthesis, and medical research.
By Application
Pharmaceuticals The synthesis of drugs, the creation of APIs, and the manufacturing of pharmaceuticals all heavily rely on biocatalysis.
Food and Beverages The food business uses enzymes in brewing, food processing, dairy, and other processes.
By Geography
North America
Asia-Pacific
Latin America
Middle East & Africa
Europe
Key Players
The major players in the Biocatalysis & Biocatalysts Market are
Novozymes A/S
DuPont de Nemours, Inc.
Codexis, Inc.
BASF SE
Lonza Group Ltd.
Chr. Hansen Holding A/S
DSM N.V.
AB Enzymes GmbH
Amano Enzyme Inc.
Evonik Industries AG
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2020-2030
BASE YEAR
2023
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2020-2022
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Novozymes A/S
DuPont de Nemours, Inc.
Codexis, Inc.
BASF SE
Lonza Group Ltd.
Chr. Hansen Holding A/S
DSM N.V.
SEGMENTS COVERED
By Type, By End-User Industry, By Application, By Geography
CUSTOMIZATION SCOPE
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