DUBLIN, Dec. 20, 2022 /PRNewswire/ -- The "Biocatalysts Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
Global biocatalysts markets are expected to grow at a rate of 6.7% between 2021 and 2027. A biocatalyst is a substance, specifically an enzyme, that activates or speeds up a biochemical process. In many industries, such as pharmaceuticals and food & beverage, animal nutrition, household, etc., biocatalysts can be used to accelerate chemical synthesis. Biocatalysts are used in the manufacture of drugs for cancer treatment, DNA/RNA treatment, heart disease, and other purposes. The biocatalysts market is growing because of the increasing demand for biobased products. Sustainability is gaining ground all around the globe due to new technology. Companies have begun to use biobased drugs in the pharmaceutical industry to improve their products. This has led the pharmaceutical biocatalysts marketplace to grow quickly. Top companies adopt an expansion strategy to increase their biocatalyst market share. The demand for biocatalysts is increasing in the food and beverage industry due to rising food consumption.
Four major sectors make up the food industry: marketers, producers, processors, and farmers services. The Covid 19 saw an increase in food supply, which led to the industry's growth. The best alternative to chemical preservatives, enzymes are used in the food sector as a preservative. Enzymes improve the quality and quantity of food products like starch, fruit juices (including cheese), animal feed, beer, and wine. The increased consumption of poultry, meat and dairy is driving the increase in demand for animal feed.
Pharmaceutical Industry: Increasing Demand
Due to the increasing demand for pharmaceutical drugs, the pharmaceutical industry's revenues are increasing each year. The Chinese pharma industry has been the leader in terms of growth rates over the past few years. Changes in clinical practice and the aging process are driving up the demand for pharmaceutical products.
Globally, the US's removal of regulatory barriers to new drugs has led to an increase in demand for products from the pharma sector. The highest demand for pharmaceutical products was seen during the Covid-19 pandemic. Due to the recurrence in different countries of Covid-19 variants, the demand for new drugs remains high. In developing countries like India, China and Brazil, the demand for pharmaceutical products is increasing due to lifestyle diseases, new variants of Covid-19, and an aging populace. These biocatalysts can be used to make antibiotics for such conditions. The biocatalysts industry is growing with a global pharmaceutical industry.
Industry: Technical Barriers It involves mild reaction and high selectivity. Biocatalysts are becoming more important in the chemical industry. However, it is difficult to determine the exact protein structure of biocatalysts. This process takes a long time and requires additional catalysts to complete the chemical reaction process. Specific conditions, such as a new substrate or concentration, are needed for the manufacturing of biocatalysts. These conditions are difficult to find in nature. This increases the cost of manufacturing biocatalysts.
Opportunities & Trends
Pharmaceutical Industry: Increasing Demand
Biofuels in High Demand
To improve Productivity and Profitability, adopt Sustainability Standards
Increased Use of Cleaning Products
Increasing Population leads to an increase in food consumption
The demand for plant-based products is rising
Technical Barriers in the Biocatalysts market
Biobased Products are expensive and not well-known.
Segmentation by Type
Polymerases and Nucleases
Segmentation based on End Use
Food & Beverages
Segmentation by Geography
Rest of APAC
Rest of Europe
Rest Of Latin America
Middle East & Africa
Rest of the Middle East and Africa
Key PlayersKey Vendors
Other Prominent Vendors
Chr Hansen Holding A/S
Dyadic International Inc.
Nature Bioscience Pvt Ltd.
Advanced Enzymes Technologies
Hoffmann-La Roche Ltd (Roche CustomBiotech)
The Soufflet Group
Key Topics: 1 Research Methodology2 research Objectives3 Research Process4 Scope and Coverage5 Report Assumptions& Caveats6 Premium Intelligences7 Market at A Glance8 Introduction9 Market Opportunities9 Market Growth Restraints11 Market Growth Enablers11Market Landscape13 Type14 End User15 Geography16 North America17 Europe18 APAC19 Middle East&Africa20 Latin America21 Competitive Landscape22 Key Company Profiles23 Prominent Vendors24 Summary25 Quantitative Summary26 Geography27 Annexes27 Appendix
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SOURCE Research and Markets