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

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