Bio-Based Products Fueling Growth In The Biochemical Market Driver: A Major Catalyst in the Evolution of the Biochemical Market in 2025

What combination of drivers is leading to accelerated growth in the biochemical market?
The biochemical market is anticipated to grow owing to the escalating demand for bio-based products. These products, developed from sustainable biological elements such as plants, animals, and microorganisms, are gaining momentum. Biochemicals play a vital role in the creation of these bio-based products by acting as sustainable substitutes for conventional petrochemicals, consequently minimizing environmental harm. For instance, the Organic Trade Association reported in May 2023 that sales in the U.S. organic food market hit a record of $61.7 billion in 2022, witnessing an unprecedented upswing of 4.4% from $59.1 billion in 2021. Also, a March 2023 report from European Bioplastics projected that the global bioplastics production capacity would rise from 2.2 million metric tons in 2022 to about 6.3 million metric tons in 2027. Thus, the soaring demand for bio-based products facilitates the expansion of the biochemical market. The Biochemical Market Driver: The surge for pristine and renewable fuel sources amplifies the biochemical market.

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What is the projected compound annual growth rate (CAGR) of the biochemical market from 2025 to 2034, and what factors influence it?
The size of the biochemical market has seen substantial growth in the past years. The market, which valued at $83.52 billion in 2024, is expected to reach $91.7 billion in 2025, recording a compound annual growth rate (CAGR) of 9.8%. The surge during the historical period can be ascribed to factors such as an increased demand for eco-friendly products, government policies and regulations, a move towards bio-based fuels, consumer knowledge and preferences, as well as broadening uses across diverse industries.

Expectations are high for a robust expansion of the biochemical market size in the coming years. Predictions suggest a growth to $125.23 billion by 2029, with a compound annual growth rate (CAGR) of 8.1%. The expansion throughout the forecast period is likely due to the burgeoning biopharmaceutical sector, an increased emphasis on the circular economy, a global commitment to fight against climate change, developments in biorefineries, and growing consumer preference for green products. Key trends in the forecast period encompass technological breakthroughs in bioprocessing, greater investment in research and development, collaborations and partnerships, advancements in biotechnology, and a shift towards precision and synthetic biology.

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What trends are poised to drive the future success of the biochemical market?
Trend 1

Text: Key corporations in the biochemical sector are increasingly prioritising the launch of goods like biobased precursors to maintain a competitive position in the market. Biobased precursors are materials originating from renewable biological resources, such as plants, animals or microbes, which serve as a base or raw ingredient used in the creation of biobased products. For example, Advanced Biochemical, a biochemical company based in Thailand, introduced a new brand name Epinity, a biobased, plug and play, cost-effective epichlorohydrin (ECH) in July 2022. This solution is utilised in a variety of industries as a precursor to epoxy resins. Applications include marine, powder, automobile, and metal coatings, as well as industrial adhesives. This introduction of Epinity marks a significant advancement in the biochemical sector as it offers a greener alternative to traditional ECH and other similar chemical compounds.

Boosting Product Efficiency and Sustainability in the Biochemical Sector

In the biochemical market, major corporations are ramping up their initiatives to bring innovative environmentally friendly products such as biobased eco-friendly additives to gain an advantage in the market. Bio-based sustainable additives are a renewable chemical compound and substances made from plant, agricultural and other organic sources that enhance the properties, performance, or environmental sustainability of various products, materials or procedures. For example, BYK, a subsidiary of Altana AG, a chemical firm based in Germany, debuted a new series of bio-based, sustainable additives named CERAFLOUR in March 2023. These additives are engineered to provide a natural appearance and silk-like and matte surfaces for coatings utilised in wood, furniture, coil, and architectural coatings.

What are the major segments of the biochemical market and their role in driving growth?
The biochemical market covered in this report is segmented -

1) By Type: Biodiesel, Amino Acids, Fine Chemicals, Phytochemicals, Antibiotics, Dyes And Stains
2 By Application: Fuel, Power Generation, Other Applications
3) By End-User: Pharmaceuticals, Dairy, Automotive, Agriculture, Textile, Food Processing

Subsegments:
1) By Biodiesel: Vegetable Oil-Based Biodiesel, Animal Fat-Based Biodiesel, Algae-based Biodiesel
2) By Amino Acids: Essential Amino Acids, Non-essential Amino Acids, Conditioned Amino Acids
3) By Fine Chemicals: Specialty Chemicals, Pharmaceutical Intermediates, Agrochemicals, Phytochemicals
4) By Phytochemicals: Flavonoids, Alkaloids, Terpenoids, Phenolics
5) By Antibiotics: Penicillin, Tetracycline, Cephalosporins, Macrolides
6) By Dyes And Stains: Synthetic Dyes, Natural Dyes, Fluorescent Dyes, Biochemical Stains

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Which regions are key players in the growth of the biochemical market?
Asia-Pacific was the largest region in the biochemical market in 2024. The regions covered in the biochemical market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the biochemical market?
Major companies operating in the biochemical market report are Cargill Inc., Archer Daniels Midland Company, Pfizer Inc., Johnson & Johnson, BASF SE, F. Hoffmann-La Roche AG, Merck & Co. Inc., Dow Chemical Company, Novartis AG, Sanofi S.A., Bristol-Myers Squibb Company, Thermo Fisher Scientific Inc., AstraZeneca PLC, Eli Lilly and Company, Gilead Sciences Inc., Amgen Inc., Evonik Industries AG, Solvay S.A., DuPont de Nemours Inc., Ajinomoto Co. Inc., Biogen Inc., Vertex Pharmaceuticals, Agilent Technologies, Illumina, Renewable Energy Group Inc., Bio-Rad Laboratories, Hansen A/S, Naturex SA, Arboris LLC, AMINO GmbH, LIPO Foods

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What Is Covered In The Biochemical Global Market Report?

• Market Size Forecast: Examine the biochemical market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the biochemical market for a structured understanding.
• Key Players Overview: Analyze major players in the biochemical market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the biochemical market.
• Segment Contributions: Evaluate how different segments drive overall growth in the biochemical market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the biochemical market.
• Industry Challenges: Identify potential risks and obstacles affecting the biochemical market.
• Competitive Landscape: Review strategic developments in the biochemical market, including expansions, agreements, and new product launches.

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