Biocatalysis and Biocatalysts Market Size & Share, Growth Trends 2035

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Biocatalysis & Biocatalysts Market size is estimated to reach USD 1.1 Billion by the end of 2035, witnessing around 5% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of biocatalysis & biocatalyst was USD 608 million. The favorable market environment for biocatalyst, and biocatalysis is being created by an increased emphasis on sustainability and environmental benefits. Moreover, biocatalyst is also biodegradable and renewable, by replacing the traditional chemical catalysts, which are frequently contaminated with dangerous substances and lead to toxic waste, and it is also possible to operate biocatalysts in mild conditions.

A fast uptake of biofuels technology has been achieved through these challenges and efforts on the part of policymakers and other stakeholders with higher fuel economy and fewer blending challenges, biofuels are being created using biotechnology which is boosting factor to grow the market of biocatalysis & biocatalyst. Biofuel energy, which accounts for 55 % of the world's electricity supply and more than 6% today, is currently the largest source of renewable energy.

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Biocatalysis & Biocatalysts Market: Key Insights

Base Year	2022
Forecast Year	2023-2035
CAGR	~ 6%
Base Year Market Size (2022)	~ USD 608 Million
Forecast Year Market Size (2035)	~ USD 1.1 Billion
Regional synopsis	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Biocatalysis & Biocatalyst Sector: Growth Drivers and Challenges;

Growth drivers

Surging Adoption in Processed Foods- There has been an increasing substitution of natural bio enzymes for chemical-based additives in processed food. In addition, several research has indicated that the bio preservative added to processed food is better than harmful chemical for digestive health. As per the analysis, more than 60 percent of adults eat ultra-processed foods across the globe.
Demand for Low-Cost Biological Procedures: - On the back of replacing chemical catalysts and providing low-cost processes in biological activity industries, bio-catalysis, and biocatalysts are expected to drive biocatalysis & biocatalysts market demand over the forecast period. Demand in the market is primarily driven by the lower cost of synthesis and widespread use.
Increase In Demand for the Pharmaceutical Industry- Increased demand for the medicines used to manufacture pharmaceuticals is boosting the market growth by developing pharmacies globally. As a result of the higher demand for drugs used in the manufacture of pharmaceutical products pharmaceutical industry has performed well over the past years. Changes in clinical practice and increasing concern over chronic disease and aging are driving up the consumption of pharmaceutical products. India's pharmaceuticals biocatalysis & biocatalysts market growth rates, are 40% of generic demand in the US and 25% of all medicines in the UK. revenues in the pharmaceutical industry are growing year on year.

Challenges

Technical Barriers Affecting Industry; -Bio catalysis is an enzyme that speeds up the chemical process by using biomolecules. A moderate reaction and very selective conditions are present. Biocatalysts are therefore a significant factor in the chemical industry, and their importance for industrial uses is increasing. However, the exact structure of biocatalyst proteins is difficult to find. This process takes time to complete, requiring a larger number of catalysts in order for the reactions to take place.
Less adequate regulations
High Cost for Research and Development

Biocatalysis & Bio-catalyst Segmentation:

Type (Hydrolases, Oxidoreductases, Transferases)

Biocatalysis & biocatalysts market from the hydrolases segment is estimated to hold the largest share of 41 % during the forecasted timeframe. This is owing to their increased use across a number of end-user industries, as these are most commonly used in organic synthesis, for a wide range of industrial sectors, for example, detergents.

Application (Bio Fuel, Bio Pharmaceuticals, Detergents, Food & Beverages)

The food & beverages segment in the biocatalysis & biocatalysts market is expected to grow with a tremendous revenue with a share of 33 % in the near future. Microbial culture, plants, and animals are the primary producers of commercially available biocatalysts in the food industry, especially in Europe and North America, the demand for bakery biocatalysts is very high to extend shelf life. Moreover, there has been surging demand for food supplements that contains bio enzymes among health-conscious people. More than 30 % of the global population is health conscious as of now. In addition, they are used in the production of fermented alcohols, which is further forecasted to elevate the growth of the segment in the market.

Our in-depth analysis of the global biocatalysis & biocatalysts market includes the following segments:

Type	Hydrolases Oxidoreductases Transferases
Application	Biofuel Biopharmaceuticals Detergents Food and Beverages

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Biocatalysis & Biocatalyst Industry- Regional Synopsis

North-America Market Statistics

The biocatalysis & biocatalysts market in the North America region is poised to generate the highest revenue with a share of 34 % between 2023 and 2035. The use of biocatalysts to produce biochemicals, biofuels, and other biomaterial have been playing a significant role in waste reduction which is making them very effective for use in the chemical industry of this region. Even in 2018 the total volume of municipal solid waste produced was 292.4 million tons, in the US. short tons except specified or 4.9 pounds per person per day. Approximately 69 million tons of waste materials have been recycled and 25 million tons are composted as a result of MSW production.

Europe Market Analysis

The biocatalysis & biocatalysts market in the Europe region is expected to hold a notable share in the upcoming years. This could be due to a high level of political regulation in many EU countries which are pushing for the increased use of environmentally friendly resources instead of fossil fuels and reducing GHG emissions. Currently, hydrolase is the biggest type of biocatalyst and accounts for more than 90% of the total market in Europe, the world's largest contributor to climate change, with more than 75 percent of global greenhouse gas emissions and nearly 90 percent of all carbon dioxide emissions.

Key Questions Answered in the Report

1) What are the major factors driving the growth of biocatalysis & biocatalyst market?

Ans: growing market growth increasing research and developments along with being environment friendly.

2) What would be the CAGR of the growth of biocatalysis & biocatalyst market forecast period?

Ans: The market size of biocatalysis & biocatalyst market is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023 â€“ 2035.

3) Who are the major players dominating the biocatalyst and biocatalysts market?

Ans: The major players in the market are BASF SE, Novozymes A/S, Lonza Group Ltd., Royal DSM Lockheed Martin, Codexis Inc., AB Enzymes, Amano Enzymes Inc., Dyadic International Inc., Soufflet Group, and others.

4) Which region will provide more business opportunities for the growth of the biocatalyst and biocatalysis market in the future?

Ans: The market in North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

5) Which segment captures the largest market size in application in the biocatalyst and biocatalysis market?

Ans: The food & beverages segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Biocatalysis & Biocatalysts Market Size & Share, by Type (Hydrolases, Oxidoreductases, Transferases); Application (Bio Fuel, Bio Pharmaceuticals, Detergents, Food & Beverages) - Global Supply Demand Analysis, Growth Forecasts, Statistics Report 2023-2035