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The global biocatalysts market size reached a volume of about 140.94 kilotons in 2023. The market is further expected to increase at a CAGR of about 6.4% between 2024 and 2032 to reach a volume of approximately 246.66 kilotons by 2032.
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Europe is the largest market on a regional basis, accounting for more than one-third of the total global share. This can be due to stringent policy legislation in a number of European countries for increasing the use of sustainable raw materials rather than fossil fuels and reducing greenhouse gas (GHG) emissions. Hydrolases are currently the largest type of biocatalysts, accounting for the majority of the overall biocatalysts market share.
Changing lifestyles and rising per capita income, which has contributed to a change in eating habits, are driving the demand for a healthy diet and eating. This, in effect, will boost the biocatalysts market's growth prospects as the food industry uses biocatalysts like carbohydrates, proteases, and lipase because of their properties, like anti-staining and softening, which improve the shelf life of food products and beverages.
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Biocatalysts refer to enzymes that help to alter or increase the rate of chemical reactions, including the manufacturing of alcohol by fermentation. They are organic and biodegradable and have the ability to work in mild conditions. As a result of these advantages, biocatalysts are commonly used in food and beverage, pharmaceutical, textile, and soap and detergent industries throughout the world. This can also be accredited to the crucial role of biocatalysts in reducing costs, increasing process performance, and designing new environmentally sustainable processes. The biocatalysts that are widely used are bacteria, proteases, lipase, amylase, and cellulose.
On the basis of type, the biocatalysts market can be divided into:
They find applications in the following sectors:
Based on source, the biocatalysts market can be divided into:
The regional biocatalysts markets for diabetes include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing environmental awareness is driving the demand for biocatalysts around the globe. Various technical advancements have made it possible to substitute traditional chemical catalysts, which release toxic elements into the atmosphere during their operation, with biocatalysts, which are an environmentally friendly alternative. Biocatalysts are increasingly gaining popularity in chemical synthesis due to various associated advantages, such as easier separation, limited side reactions, and decreased use of defensive groups. In addition, compared to traditional alkaline catalysed processes, biocatalysts are less energy-intensive and enable unrefined feedstock to be used in the production of biodiesel. This, in combination with the growing demand for biofuels as an alternative to fossil fuels, is expected to support the growth of the global biocatalysts market in the coming years.
The report gives a detailed analysis of the following key players in the biocatalysts market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Source |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global biocatalysts market attained a volume of nearly 140.94 kilotons.
The market is expected to grow at a CAGR of 6.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around 246.66 kilotons by 2032.
The major drivers of the market are growing shift towards sustainability and lowering emissions, favourable policies, rising demand from food and beverage and chemical industries, and increasing disposable incomes.
The growing shift towards biofuels over fossil-based fuels and growing adoption of biocatalysts as substitutes for traditional chemical catalysts are the major trends expected to guide the growth of the market in the coming years.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various types of biocatalysts in the market are hydrolases, oxidoreductases, and transferases, among others.
The leading applications of biocatalysts in the market are food and beverages, cleaning agent, biofuel production, agriculture and feed, and biopharmaceuticals, among others.
Microorganisms, plants, and animal are the significant sources of biocatalysts in the market.
The key players in the global biocatalysts market are Novozymes, Du Pont, Codexis, Inc., and BASF SE, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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