Biocatalysts Market Size, Share, Trends, Key Drivers, Demand and Competitive Outlook
Biocatalysts market size is expected to grow at a compound annual growth rate of 6.43% for the forecast period of 2021 to 2028. Data Bridge Market Research report on biocatalysts market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Biocatalysts are the type of enzymes which help in modifying or enhancing the rate of a chemical reaction, such as the making of alcohol through fermentation. Biocatalysts are organic and biodegradable, having the potential to function under mild conditions. Due to these advantages, biocatalysts are extensively used in the pharmaceutical, food and beverage, textile and soap and detergent industries.
The rise in the environmental awareness is expected to influence the growth of the biocatalysts market. In line with this, the shorter synthetic production pathway and reduced waste and co-products are also anticipated to act as key determinants favoring the growth of the biocatalysts market over the forecast period of 2021 to 2028. Also the, rise in the spending capacity of consumers and penetration of biocatalysis in emerging end-use industries are also expected to positively impact the growth of the biocatalysts market. The major factor accountable for the growth of the market is the rapid increase in the number of research activities in biofuels and biopharmaceuticals.
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The major players covered in the biocatalysts market report are Novozymes, DuPont, DSM, Codexis, BASF SE, Lonza, Amano Enzyme Inc., Dyadic International Inc., Biocatalysts Limited, AB Enzymes, Prozomix Limited, Chr Hansen Holding A/S, evoxx technologies GmbH and Piramal Pharma Solutions, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Scope of the Biocatalysts Market Report:
Biocatalysts market is segmented on the basis of type, source and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the biocatalysts market is segmented into hydrolases, oxidoreductases, transferases and others.
- Based on source, the biocatalysts market is segmented into microorganisms, plants and animal.
- The application segment for biocatalysts market is segmented into food and beverages, cleaning agent, biofuel production, agriculture and feed, biopharmaceuticals and others.
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Biocatalysts Market Regional Analysis/Insights
The Biocatalysts market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Biocatalysts market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Biocatalysts within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Biocatalysts market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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