Biochemical Market to Record 7.8% CAGR Growth Through 2029 | Global Analysis Report

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Biochemical Market Outlook: How is the Market Expected to Grow by 2025?
The market size for biochemistry has experienced solid growth in the recent past. Rising from $83.52 billion in 2024 to $90.85 billion in 2025, it represents a compound annual growth rate (CAGR) of 8.8%. The significant growth in the historic period is a result of various factors. These include a surge in interest for sustainable products, government-inspired initiatives and regulations, a tilt towards bio-based fuels, heightened consumer awareness and preference, and an increase in application across diverse industry sectors.

Biochemical Market Forecast: What Size Will It Reach By 2029?
The size of the biochemical market is predicted to experience robust escalation in the forthcoming years, reaching a value of $122.72 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.8%. This surge in the forecast period is due to an expanding biopharmaceutical industry, increased emphasis on the circular economy, global initiatives against climate change, the rise of biorefinery constructions, and a boost in consumer demand for eco-friendly products. Key trends expected for this forecast period encompass innovations in bio-processing technology, an influx of investment in research and development, increased cooperation and partnerships, advances in biotechnology, and a shift towards precision and synthetic biology.

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Which Key Market Drivers Will Shape Biochemical Industry Trends in 2025-2029?
The growth of the biochemical market is forecasted to be driven by the rising demand for bio-based products. These are materials sourced from renewable biological resources like plants, animals and microorganisms. Biochemicals aid in the genesis of these products by presenting sustainable alternatives to conventional petrochemicals and diminishing their environmental impact. For example, the Organic Trade Association, a non-profit business group based in the US, disclosed in a May 2023 report that the country's organic food market experienced a significant rise in sales. It noted that sales hit a peak of $61.7 billion in 2022, marking a 4.4% increase from the $59.1 billion recorded in 2021. Moreover, European Bioplastics, a representative of the bioplastics industry's interests in Europe, predicted in March 2023 that worldwide bioplastics production capacity would soar from around 2.2 million metric tons in 2022 to about 6.3 million metric tons in 2027. Consequently, the emerging demand for bio-based products serves as a catalyst for the growth of the biochemical market.

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What Are the High-Growth Segments in the Biochemical Market?
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

Which Global Trends Are Driving Biochemical Market Expansion?
Leading businesses in the biochemical market are prioritizing the launch of products like biobased precursors to enhance their competitive standing. A biobased precursor is a material procured from renewable biological origins such as plants, animals, or microorganisms, which acts as a foundation or raw substance for producing bio-based items. For example, in July 2022, Advanced Biochemical, a biochemical firm based in Thailand, unveiled a new brand named Epinity. Epinity is a biobased, ready-to-use, and competitive epichlorohydrin (ECH) commonly utilized across various downstream industries. It serves as a forerunner to epoxy resins, which are employed in numerous applications encompassing marine covers, powder coatings, car refinishing, metal treatments, and industrial glues. The introduction of Epinity is a notable event in the biochemical field as it offers a greener substitute for conventional ECH and other chemical substances.

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Who Are the Fastest-Growing Companies in the Biochemical Industry?
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

What Is the Regional Outlook for the Biochemical Market by 2029?
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.

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