Biocatalysis Market Trends & Future Growth USD 908 Million By 2030

The Global Biocatalysis Market reached USD 608 million in 2022 and is projected to witness lucrative growth by reaching up to USD 908 million by 2030. The market is growing at a CAGR of 5.2% during the forecast period 2024-2031.

Biocatalysis Market, as detailed in the DataM Intelligence report, presents a strategic overview of the industry backed by in-depth data and market trends. The study highlights the performance and positioning of major players, focusing on their offerings, pricing models, financial outcomes, and growth strategies. It serves as a concise yet insightful reference for understanding the current landscape and future direction of the market.

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Market Overview:

Biocatalysis is the use of natural catalysts, such as enzymes or cells, to perform chemical transformations in industrial processes. This eco-friendly approach offers high specificity and efficiency, reducing the need for harsh chemicals and lowering environmental impact.

List of the Key Players in the Biocatalysis Market:

Biocatalysts Limited, Novozymes A/S, Codexis, Inc., Koninklijke DSM N.V., Chr. Hansen Holding A/S, Amano Enzyme, Inc., BASF SE,Fermenta Biotech Ltd, Piramal Enterprises Ltd. and EnginZyme AB.

Biocatalysis Market Development:

On May 17, 2023, Johnson Matthey announced its commitment to accelerating the transition to a net zero economy by offering customers sustainable solutions driven by innovative technologies across its key sectors: automotive, chemicals, and energy.

On January 24, 2023, at the IPPE trade show in Atlanta, BASF and Cargill expanded their collaboration by including the United States in their existing agreement for the research and sale of feed enzymes. The partnership focuses on delivering advanced enzyme-based solutions and exceptional value to the animal feed industry.

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Segment Covered in the Biocatalysis Market:

By Type: Oxidoreductases, Hydrolases, Transferases, Others

By Source: Plants, Animals, Microorganisms, Others

By Application: Food & Beverages, Cleaning Agents, Fragrance & Flavours, Agriculture and Feed, Biopharmaceuticals, Paper & Pulp, Others

Regional Analysis for Biocatalysis Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Frequently asked questions:

➠ What are the global sales, production, consumption, import, and export figures for the Biocatalysis market?

➠ Who are the key global manufacturers, and how are they performing operationally?

➠ What opportunities and risks do vendors face in the Biocatalysis market?

➠ Which product types or end-users show the most growth potential, and what are their market shares?

➠ What factors are driving or limiting growth in the Biocatalysis market?

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