Biocatalyst Market: Global Size, Share, Trends, Analysis, Growth and Forecast 2021-2026

 According to the latest report by IMARC Group, titled “Biocatalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market reached a volume of 124.8 Kilotons in 2020. The global biocatalyst market forecast to exhibit moderate growth during the next five years. Biocatalysts refer to substances produced from biological (non-human) materials or enzymes, which aid in modifying the rate of a chemical reaction. Some of the common biocatalysts include microbes, lipases, proteases, cellulases, etc. They are organic, biodegradable, and have high catalytic efficiency and possesses the ability to operate under mild conditions. Biocatalysts are widely utilized in various industries, such as food and beverages, pharmaceuticals, detergents, textiles, etc.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Global Biocatalyst Market Trends:

The rising environmental consciousness is primarily driving the biocatalysts market across the globe. Furthermore, various technological advancements have enabled the replacement of conventional chemical catalysts with organic and biodegradable options, including biocatalysts, which are also propelling the market growth. Besides this, the expanding product utilization based on numerous benefits associated with biocatalysts, such as hassle-free separation, minimal side reactions and reduced use of protecting groups, is further bolstering the market growth. Additionally, the growing prominence of biofuels as a safer and cleaner alternative to fossil fuels for reducing carbon footprints, is anticipated to propel the global biocatalyst market in the coming years. Looking forward, IMARC Group expects the global biocatalyst market to exhibit moderate growth during the next five years.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

• Novozymes A/S
• DuPont de Nemours, Inc.
• Koninklijke DSM N.V

Biocatalyst Market Segmentation:

Our report has categorized the market based on region, types of biocatalyst, applications, and sources.

Major Types of Biocatalyst Covered in This Report:

• Oxidoreductases
• Transferases
• Hydrolases
• Others

Major Applications Covered in This Report:

• Food and Beverage Industry
• Cleaning Agents
• Biofuel Production
• Agriculture and Feed
• Biopharmaceuticals
• Others

Major Sources Covered in This Report:

• Microorganisms
• Plants
• Animal

Major Regions Covered in This Report:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2015-2020)
• Market Outlook (2021- 2026)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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