Biocatalysis & Biocatalysts Market size was over USD 637.79 Million in 2023 and is set to cross USD 1.18 Billion by the end of 2036, growing at more than 4.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of biocatalysis & biocatalysts is estimated at USD 665.92 Million. The favorable market environment for biocatalyst, and biocatalysis is being created by an increased emphasis on sustainability and environmental benefits. Moreover, biocatalyst is also biodegradable and renewable, by replacing the traditional chemical catalysts, which are frequently contaminated with dangerous substances and lead to toxic waste, and it is also possible to operate biocatalysts in mild conditions.
A fast uptake of biofuels technology has been achieved through these challenges and efforts on the part of policymakers and other stakeholders with higher fuel economy and fewer blending challenges, biofuels are being created using biotechnology which is boosting factor to grow the market of biocatalysis & biocatalyst. Biofuel energy, which accounts for 55 % of the world's electricity supply and more than 6% today, is currently the largest source of renewable energy.
Growth drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
4.9% |
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Base Year Market Size (2023) |
USD 637.79 Million |
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Forecast Year Market Size (2036) |
USD 1.18 Billion |
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Regional synopsis |
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Type (Hydrolases, Oxidoreductases, Transferases)
Biocatalysis & biocatalysts market from the hydrolases segment is estimated to hold the largest share of 41 % during the forecasted timeframe. This is owing to their increased use across a number of end-user industries, as these are most commonly used in organic synthesis, for a wide range of industrial sectors, for example, detergents.
Application (Bio Fuel, Bio Pharmaceuticals, Detergents, Food & Beverages)
The food & beverages segment in the biocatalysis & biocatalysts market is expected to grow with a tremendous revenue with a share of 33 % in the near future. Microbial culture, plants, and animals are the primary producers of commercially available biocatalysts in the food industry, especially in Europe and North America, the demand for bakery biocatalysts is very high to extend shelf life. Moreover, there has been surging demand for food supplements that contains bio enzymes among health-conscious people. More than 30 % of the global population is health conscious as of now. In addition, they are used in the production of fermented alcohols, which is further forecasted to elevate the growth of the segment in the market.
Our in-depth analysis of the global biocatalysis & biocatalysts market includes the following segments:
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Type |
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Application |
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North America Market Statistics
The biocatalysis & biocatalysts market in the North America region is poised to generate the highest revenue with a share of 34 % between 2023 and 2036. The use of biocatalysts to produce biochemicals, biofuels, and other biomaterial have been playing a significant role in waste reduction which is making them very effective for use in the chemical industry of this region. Even in 2018 the total volume of municipal solid waste produced was 292.4 million tons, in the US. short tons except specified or 4.9 pounds per person per day. Approximately 69 million tons of waste materials have been recycled and 25 million tons are composted as a result of MSW production.
Europe Market Analysis
The biocatalysis & biocatalysts market in the Europe region is expected to hold a notable share in the upcoming years. This could be due to a high level of political regulation in many EU countries which are pushing for the increased use of environmentally friendly resources instead of fossil fuels and reducing GHG emissions. Currently, hydrolase is the biggest type of biocatalyst and accounts for more than 90% of the total market in Europe, the world's largest contributor to climate change, with more than 75 percent of global greenhouse gas emissions and nearly 90 percent of all carbon dioxide emissions.
Author Credits: Rajrani Baghel
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