Global Biocatalysis & Biocatalysts Market: Overview
Biocatalysis is the use of biological catalysts (enzymes or microorganisms) to change (usually accelerate) the rate of chemical reactions. Biocatalyst refers to the general term for free or immobilized cells and free or immobilized enzymes that play a catalytic role in the biological reaction process. Biocatalysis technology is a technology that uses enzymes or microbial cells or animal and plant cells as biocatalysts to carry out catalytic reactions. The wide application of biocatalysts depends on the effective screening and inspection of a large number of biomolecules.
Global Biocatalysis & Biocatalysts Market: Insights
The global Biocatalysis & Biocatalysts market expected to grow at a significant rate during the forecast period (2020-2027). The growing spending capacity of people and swelling awareness about sustainability are projected to drive the global biocatalysis & biocatalysts market in the future time. Moreover, the surge in demand for biofuels to replace the use of traditional fuels with the application of biocatalysts will accelerate the robust growth of the global biocatalysis & biocatalysts market in the next few years. Additionally, the upsurge in the biocatalysts in biopharmaceuticals, agriculture, textile, biofuels, and other life science applications will impact in the growth of global biocatalysis & biocatalysts market in the expected periods.
Enzymes are biological catalysts. Living organisms use them to accelerate chemical reactions in the body. Without enzymes, many chemical reactions in the organism will proceed very slowly, making it difficult to sustain life. In the food industry, huge demand for biocatalysts to reduce viscosity, improve efficiency (or separation efficiency), flavor, and achieve biotransformation will trigger the global biocatalysis & biocatalysts industry in the estimated period. The application of biocatalysts in medicine has led to new concepts such as artificial cells and artificial organs. For example, microencapsulation technology is used to fix biological macromolecules such as enzymes in a semipermeable membrane of 0.2-3um to form artificial cells.
Furthermore, the changing lifestyle of people and the rise in per capita income, that led to a shift in food habits, there is a growing preference for healthier diet and food. These factors are attributed to fuel the growth of global biocatalysis & biocatalysts market industry in the forthcoming periods. The huge growth in various such as food and beverage, detergent, agriculture, and feed industry coupled with increased penetration of biocatalysts are projected to propel the global biocatalysis & biocatalysts market in the upcoming period.
The SPER market research report of the Biocatalysis & Biocatalysts market includes all integrated approaches to the growth of the market, along with an accurate & elaborate analysis of the complete competitive situation of this market on a global level. Besides the current analytical & statistical account, the report cloaks the trends market drivers, challenges, potential opportunities, which affect the market. This market report discusses the present situation to predicted trends & aspects of the growth of the Biocatalysis & Biocatalysts market. Furthermore, it gives a dynamic overview & insights related to the market at both global as well as regional scales.
Global Biocatalysis & Biocatalysts Market: Type Insight
Based on the type, the global Biocatalysis & Biocatalysts Market segregated into Hydrolases, Oxidoreductases, Transferases, and Others. The hydrolases segment accounted for a major market share in 2019. It will witness a higher growth rate during the forecast period, due to it is commonly used in organic synthesis and used to produce intermediates for pharmaceuticals and pesticides and chiral synthons for asymmetrical synthesis.
Global Biocatalysis & Biocatalysts Market: Application Insights
Based on the application, the global Biocatalysis & Biocatalysts Market classified into Food & Beverages, Cleaning Agents, Agriculture & Feed, Biofuel Production, Biopharmaceuticals, and Others. The Food & Beverages is likely to dominate the market by 2027, owing to the biocatalysis & biocatalysts used in brewing, dairy processing, in oil and fat production, for the preparation of meat products and baking specialties. They are used for the biotransformation of wastes coming from the food industry and allowing the obtainment of products that might be re-employed in the food supply chain.
Global Biocatalysis & Biocatalysts Market: Regional Insight
By geography, the global Biocatalysis & Biocatalysts market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America projected to dominate the biocatalysis & biocatalysts market attributable to the presence of high disposable income population and the growing spending capabilities of consumers on food crops in the region. Additionally, huge demand for highly productive food crops coupled with high production of biofuels will drive North America biocatalysis & biocatalysts market.
The report presents a detailed assessment of the various factors influencing the market's trajectory into 2020 and 2027. It covers all the crucial information of the leading companies operating in the global Biocatalysis & Biocatalysts market. Besides highlighting the product offerings, the report also calculates revenue generated over the period and their position in the market.
REPORT HIGHLIGHTS
- Overview of key market forces restraining and propelling market growth.
- Provide demand, current & past status & also the forecasting up to 2027.
- Provide complete overview including, type, and application & forecast region.
- Provide focused analysis of key service providers with their market share & also help to identify market competition landscape with SWOT analysis.
- Historical, current, and projected market size in terms of value & volume.
- Analyse the global & regional potential market, advantages, risk & opportunity.
- Identify significant factors and trends driving or inhibiting the market growth.
- In-depth coverage of the complete market in terms of supplier, buyer, price, trend, growth & forecasting.
THE REPORT COVERS ANALYSIS OF BIOCATALYSIS & BIOCATALYSTS MARKET, BY TYPE
- Hydrolases
- Oxidoreductases
- Transferases
- Others
THE REPORT COVERS ANALYSIS OF BIOCATALYSIS & BIOCATALYSTS MARKET, BY APPLICATION
- Food & Beverages
- Cleaning Agents
- Agriculture & Feed
- Biofuel Production
- Biopharmaceuticals
- Others
THE REPORT COVERS EXHAUSTIVE ANALYSIS ON
- Market Segments
- Market Dynamics
- Brands in Market
- Market Size
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Forecasting
- Technology
THE REPORT INCLUDES REGIONAL ANALYSIS ON
- North America (Canada, US, Mexico, & Rest of North America Available)
- Asia-Pacific (China, India, South Korea, Japan & Rest of Asia Pacific Available)
- Europe (Germany, Spain, France, United Kingdom & Rest of Europe Available)
- Central & South America (Brazil, Argentina & Rest of South America Available)
- Middle East & Africa (GCC Countries, South Africa, & Rest of MEA available)
KEY PLAYERS OF BIOCATALYSIS & BIOCATALYSTS MARKET
- Novozymes
- DuPont
- DSM
- Chr. Hansen
- AB Enzymes
- Codexis
- Amano Enzymes
- Biosyntha Technology Ltd.
- Biocatalysts Ltd.
- Piramal Group.
- Other Prominent Players