This market study segments the global biocatalysis and biocatalysts market by type (carbohydrases, proteases, and lipases) and by application (food and beverage industry, detergents industry, biofuel production industry, agriculture and feed industry, and biopharmaceutical industry). This report also presents a segmentation of the industry by geography (APAC, Europe, North America, and ROW). The key vendors identified are BASF, Codexis, DuPont, Novozymes, and Royal DSM.
Technavio has released a new market research report on the global biocatalysis and biocatalysts market, which is expected to grow at a CAGR of around 6% between 2016 and 2020. Rapid advances in biocatalysis technologies and growing consumer awareness of environmentally sustainable solutions are driving the market for biocatalysts globally. Biocatalytic processes are replacing chemical processes across many industries including starch processing, biofuel production, detergents, food and beverage, and pharmaceuticals. Europe is the largest market for biocatalysts, owing to the the growth of the agriculture and feed, biofuel production, food and beverages, and pharmaceutical industries in this region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late the vendors are producing biocatalysts from transgenic sources, including plants and animals. Transgenic plants aid in providing improved yield and better nutritional quality, and lowering the transportation cost. Also, transgenic organisms are a new source of therapeutic proteins, widely used in the treatment of medical conditions like cancer, hepatitis, and anemia,” says Debasish Nayak, Lead Analyst, Chemicals & Materials, Technavio Research.
The food and beverage industry dominates the biocatalysis and biocatalysts market, occupying around 36% of the overall market share. With a rise in health consciousness among consumers, the demand for food and beverages products containing biocatalysts has increased. Biocatalysts help in the production of nutrient-rich, healthy food at considerably reduced prices. Furthermore, the processing time and quality of the product is also improved. Factors such as stringent environmental regulations and rising demand for biocatalysts in the production of a wide variety of food and beverages will aid in the growth of this market segment during the forecast period.
Global biocatalysis and biocatalysts market by applications 2020
Source: Technavio, 2016
The leading vendors in the global biocatalysis and biocatalysts market are BASF, Codexis, DuPont, Novozymes, and Royal DSM. This market is dynamic due to innovations and increased investments in developing new processes. The market has the presence of several vendors but is dominated by certain big companies.
A more detailed analysis is available in the Technavio report, Global Biocatalysis and Biocatalysts Market 2016-2020.
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