Huge Opportunity in Biocatalysts Market. The Demand is Expected to Increase from $500 to 700 in Less than 5 Years - Arizton

CHICAGO, Dec. 1, 2022 /PRNewswire/ -- According to Arizton's latest research report, the biocatalysts market will grow at a CAGR of 6.67% from 2021-2027. Increasing demand for biobased products drives the biocatalysts market. Major players in the market have set their sustainability goals and priorities, and most of them have started using renewable bio-based materials for product manufacturing. Due to emerging technology, sustainability is growing all over the world. In the pharmaceutical industry, companies have started using biobased drugs to improve the quality of products, making the pharmaceutical biocatalysts market overgrow. Thus, top companies follow the expansion strategy to acquire a more significant biocatalysts market share. The rising food & beverages industry is likely to boost the demand for biocatalystsDue to increasing health consciousness, and people nowadays prefer plant-based food products. Enzymes are substances used in biocatalysts to facilitate biochemical reactions. Plant-based enzymes are used as proteins in various food items. Major multinationals such as Nestle, and Kellogg's have started plant-based product campaigns and distribution channels. In APAC, developing countries like China and India are witnessing rapid population increase. According to a Bloomberg report, by 2030, APAC's plant-based protein market is expected to reach double-digits. Therefore, adopting plant-based products creates enormous growth opportunities for market vendors.

Biocatalysts Market Report Scope

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North America is the leading market for biocatalysts due to rapidly developing infrastructure, readily increasing population, and increasing demand from various industries such as food & beverage, pharmaceutical, animal nutrition, and household. The demand for biocatalysts is expected to grow significantly as the population in the APAC region has shown tremendous growth in recent years. In APAC, the increasing population of developing countries such as China, Japan, and India drive the demand for biocatalysts in the market. The demand for biocatalysts is increasing in the European market due to the increasing demand for healthy food and beverages.

Several major companies in the biocatalysts market have adopted the strategy of mergers and acquisitions. This, in turn, creates a competitive advantage for companies to boost their market share. Key companies have undertaken various strategies to grow in the biocatalysts market. Companies in the biocatalysts industry compete strategically. Therefore, the growth in sustainable processes and innovations has been a challenge for companies globally. Investments in R&D, technological advancements, and environmental and economic challenges drive the demand for innovative and sustainable biocatalysts products.

The pharmaceutical industry has been witnessing increased revenue growth due to the demand for new drugs. For instance, the Chinese pharma industry has been witnessing extensive growth. The consumption of pharmaceutical products is increasing due to changes in clinical practices and a rise in chronic diseases and aging-related issues. There is a massive demand for drugs used in medicines to improve quality of life. In 2022, the global population stood at around 7.9 billion, with a growth rate of 1-1.1% per year. By 2050, the population is expected to be over 10 billion.

The drugs used in various food and beverage products include glutamine, ubiquinone, and tryptophan. Due to the increasing population, the demand for food and beverages is increasing. Health consciousness is rising due to changing lifestyles, urbanization, and awareness around better health. Hence, an increase in the consumption of food and beverage products and the rise in demand for pharmaceutical drugs are projected to boost the market for biocatalysts.

Key Vendors

• DuPont
• BASF SE
• DSM
• AB Enzymes
• Novozymes
• Chr Hansen Holding A/S
• Codexis
• Dyadic International Inc.
• Amano Enzymes
• Biocatalysts
• Nature Bioscience Pvt Ltd.
• Johnson Matthey
• Advanced Enzymes Technologies
• Zymtronix, Inc.
• Nutritech
• Hoffmann-La Roche Ltd (Roche CustomBiotech)
• Aumenzymes
• The Soufflet Group
• Iosynth

Market Segmentation

Type

• Carbohydrases
• Proteases
• Polymerases & Nucleases
• Lipases
• Phytases
• Other

End Use

• Pharmaceutical
• Food & Beverages
• Animal Nutrition
• Household
• Others

Geography

• APAC
• China
• India
• Japan
• South Korea
• Rest of APAC
• North America
• US
• Canada
• Europe
• Germany
• Spain
• France
• Italy
• Rest of Europe
• Latin America
• Brazil
• Mexico
• Rest Of Latin America
• Middle East & Africa
• South Africa
• South Arabia
• Rest of the Middle East & Africa

The report considers the present scenario of the global biocatalysts market and its market dynamics for 2023−2027. It covers a detailed overview of several industry growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market. Request for Free Sample now

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Precious Metal Catalysts Market -  The global precious metal catalysts market is expected to reach USD 19.76 billion by 2027, growing at a CAGR of 5.51% from 2022-2027. The major companies in the precious metal catalysts market follow the merger and acquisition strategy; this gives companies a competitive advantage that boosts the market share of the company. The key companies have undertaken various strategies to grow in the precious metal catalysts market. Investments in R&D, technological advancement, and environmental and economic challenges are driving the demand for innovative and sustainable precious metal catalysts products. Companies in the market are competing strategically, whereas growth in a sustainable manner has been a challenge for all companies globally.

Bio-Based Adhesives Market -  The global bio-based adhesives market was valued at USD 5.27 billion in 2021 and is expected to reach USD 7.00 billion by 2027. North America emerged as the leading consumer of bio-based adhesives and accounted for a revenue share of 41% of the global bio-based adhesives market. The region was led by the U.S. and Canada, where the penetration of adhesive products is high, and the market revenue has been increasing steadily.

Bio-Based Lubricants Market -  The global bio-based lubricants market, valued at USD 3.34 billion in 2021, is expected to cross USD 4.53 billion by 2027.  The rising awareness supports the growth of the bio-based lubricants market among consumers regarding its benefit to the environment. Bio-based lubricants are natural organic chemicals formulated with organic materials such as vegetable oil, animal fats, natural esters, and special additives. In addition, the increasing price of petrochemicals and the depletion of crude oil reserves worldwide stimulate the demand in the bio-based lubricants market.

Table of Content

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.3.1 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

6 PREMIUM INSIGHTS

6.1 INTRODUCTION

6.2 MARKET SYNOPSIS

6.2.1 ENABLER

6.2.2 OPPORTUNITIES

6.2.3 RESTRAINT

6.3 SEGMENT REVIEW

6.3.1 END-USERS

6.3.2 TYPE

6.4 GEOGRAPHY

6.5 COMPANIES AND STRATEGIES

7 MARKET AT A GLANCE

8 INTRODUCTION

8.1 OVERVIEW

8.2 VALUE CHAIN ANALYSIS

8.2.1 RAW MATERIALS

8.2.2 BIOCATALYST MANUFACTURER

8.2.3 DISTRIBUTOR

8.2.4 APPLICATION

8.3 MACROECONOMIC FACTORS

8.3.1 PHARMACEUTICAL & BIOPHARMACEUTICAL INDUSTRIES

8.3.2 FOOD & BEVERAGES INDUSTRY

9 MARKET OPPORTUNITIES & TRENDS

9.1 INCREASING DEMAND FROM PHARMACEUTICAL INDUSTRY

9.2 SOARING DEMAND FOR BIOFUEL

9.3 ADOPTION OF SUSTAINABILITY STANDARDS TO IMPROVE PRODUCTIVITY & PROFITABILITY

9.4 INCREASING USE OF CLEANING PRODUCTS

10 MARKET GROWTH ENABLERS

10.1 INCREASE IN FOOD CONSUMPTION DUE TO GROWING POPULATION

10.2 RISE IN DEMAND FOR PLANT-BASED PRODUCTS

11 MARKET GROWTH RESTRAINTS

11.1 TECHNICAL BARRIERS AFFECTING THE BIOCATALYSTS MARKET

11.2 HIGH COST & LACK OF AWARENESS OF BIOBASED PRODUCTS

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.2 MARKET SIZE & FORECAST

12.3 FIVE FORCES ANALYSIS

12.3.1 THREAT OF NEW ENTRANTS

12.3.2 BARGAINING POWER OF SUPPLIERS

12.3.3 BARGAINING POWER OF BUYERS

12.3.4 THREAT OF SUBSTITUTES

12.3.5 COMPETITIVE RIVALRY

13 TYPE

13.1 MARKET SNAPSHOT & GROWTH ENGINE

13.2 MARKET OVERVIEW

13.3 CARBOHYDRASES

13.4 PROTEASES

13.5 POLYMERASES & NUCLEASES

13.6 LIPASES

13.7 PHYTASES

13.8 OTHERS

14 END-USER

14.1 MARKET SNAPSHOT & GROWTH ENGINE

14.2 MARKET OVERVIEW

14.3 PHARMACEUTICAL

14.4 FOOD & BEVERAGES

14.5 ANIMAL NUTRITION

14.6 HOUSEHOLD

14.7 OTHERS

15 GEOGRAPHY

15.1 MARKET SNAPSHOT & GROWTH ENGINE

15.2 GEOGRAPHIC OVERVIEW

16 NORTH AMERICA

16.1 MARKET OVERVIEW

16.2 MARKET SIZE & FORECAST

16.3 TYPE

16.3.1 MARKET SIZE & FORECAST

16.4 END-USER

16.4.1 MARKET SIZE & FORECAST

16.5 KEY COUNTRIES

16.6 US

16.7 CANADA

17 EUROPE

17.1 MARKET OVERVIEW

17.2 MARKET SIZE & FORECAST

17.3 TYPE

17.3.1 MARKET SIZE & FORECAST

17.4 END-USER

17.4.1 MARKET SIZE & FORECAST

17.5 KEY COUNTRIES

17.6 GERMANY

17.7 FRANCE

17.8 ITALY

17.9 SPAIN

17.10 REST OF EUROPE

18 APAC

18.1 MARKET OVERVIEW

18.2 MARKET SIZE & FORECAST

18.3 TYPE

18.3.1 MARKET SIZE & FORECAST

18.4 END-USER

18.4.1 MARKET SIZE & FORECAST

18.5 KEY COUNTRIES

18.6 CHINA

18.7 INDIA

18.8 JAPAN

18.9 SOUTH KOREA

18.10 REST OF APAC

19 MIDDLE EAST & AFRICA

19.1 MARKET OVERVIEW

19.2 MARKET SIZE & FORECAST

19.3 TYPE

19.3.1 MARKET SIZE & FORECAST

19.4 END-USER

19.4.1 MARKET SIZE & FORECAST

19.5 KEY COUNTRIES

19.6 SAUDI ARABIA

19.7 SOUTH AFRICA

19.8 REST OF MIDDLE EAST & AFRICA

20 LATIN AMERICA

20.1 MARKET OVERVIEW

20.2 MARKET SIZE & FORECAST

20.3 TYPE

20.3.1 MARKET SIZE & FORECAST

20.4 END-USER

20.4.1 MARKET SIZE & FORECAST

20.5 KEY COUNTRIES

20.6 BRAZIL

20.7 MEXICO

20.8 REST OF LATIN AMERICA

21 COMPETITIVE LANDSCAPE

21.1 COMPETITION OVERVIEW

22 KEY COMPANY PROFILES

22.1 DUPONT

22.1.1 BUSINESS OVERVIEW

22.1.2 FINANCIAL OVERVIEW

22.1.3 PRODUCT OFFERINGS

22.1.4 KEY STRATEGIES

22.1.5 KEY STRENGTHS

22.1.6 KEY OPPORTUNITIES

22.2 BASF SE

22.3 DSM

22.4 AB ENZYMES

22.5 NOVOZYMES

22.6 DUPONT

23 OTHER PROMINENT VENDORS

23.1 CHR. HANSEN HOLDING A/S

23.1.1 COMPANY OVERVIEW

23.1.2 BUSINESS OVERVIEW

23.1.3 PRODUCT OFFERINGS

23.2 CODEXIS

23.3 DYADIC INTERNATIONAL INC.

23.4 AMANO ENZYME INC.

23.5 BIOCATALYSTS

23.6 NATURE BIOSCIENCE

23.7 JOHNSON MATTHEY

23.8 ADVANCED ENZYMES TECHNOLOGIES

23.9 ZYMTRONIX, INC.

23.10 NUTRITECH

23.11 F. HOFFMANN-LA ROCHE LTD (ROCHE CUSTOMBIOTECH)

23.12 AUMENZYMES

23.13 SOUFFLET GROUP

23.14 IOSYNTH

24 REPORT SUMMARY

24.1 KEY TAKEAWAYS

24.2 STRATEGIC RECOMMENDATIONS

25 QUANTITATIVE SUMMARY

25.1 MARKET BY END-USER

25.1.1 PHARMACEUTICAL

25.1.2 FOOD & BEVERAGE

25.1.3 ANIMAL NUTRITION

25.1.4 HOUSEHOLD

25.1.5 OTHERS

25.2 MARKET BY TYPE

25.2.1 CARBOHYDRASES

25.2.2 PROTEASES

25.2.3 POLYMERASES & NUCLEASES

25.2.4 LIPASES

25.2.5 PHYTASES

25.2.6 OTHER

26 GEOGRAPHY

26.1 NORTH AMERICA

26.1.1 TYPE

26.1.2 END-USER

26.2 EUROPE

26.2.1 TYPE

26.2.2 END-USER

26.3 APAC

26.3.1 TYPE

26.3.2 END-USER

26.4 MIDDLE EAST & AFRICA

26.4.1 TYPE

26.4.2 END-USER

26.5 LATIN AMERICA

26.5.1 TYPE

26.5.2 END-USER

27 APPENDIX

27.1 ABBREVIATIONS

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