Which are the major biocatalyst manufacturers globally?

Notable players in the biocatalyst market are BASF SE, Novozymes, DuPont, Codexis, Inc., Biocatalysts Limited, AB Enzymes, Prozomix Limited, Royal DSM, Lonza, Amano Enzyme Inc., Biosyntha Technology Ltd, and others.

What is encouraging the adoption of hydrolases through 2023-2032?

Hydrolases segment is poised to be valued at USD 430 million by 2032, attributed to the broad range availability, high compatibility of hydrolases with organic solvents, and increased ease of use associated with hydrolases.

Why is the demand for microbial-catalyzed enzymes growing tremendously?

Microorganisms segment is estimated to grow at over 6% CAGR between 2023 and 2032, owing to growing R&D efforts toward the discovery of biologically active molecules with diversified structural features.

What factors are contributing to the expansion of the biocatalyst market?

Global market for biocatalyst was worth over USD 500 million in 2022 and is predicted to expand at more than 6% CAGR from 2023 to 2032, given the increasing utilization of biocatalysts in a variety of biopharmaceutical applications.

Biocatalyst Market Size

Report ID: GMI5490

Published Date: March 2023

Report Format: PDF

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Biocatalyst Market Size

Biocatalyst Market size attained a valuation of over USD 500 million in 2022 and is estimated to exhibit above 6% CAGR from 2023 to 2032 owing to the increasing demand for biocatalysts from the biopharmaceutical industry in manufacturing active pharmaceutical ingredients (API).

The pharmaceutical sector has crossed leaps and bounds in recent years, given the escalating drug development projects and the growing prevalence of chronic and infectious diseases in people of all age groups.

Based on the Indian Economic Survey 2021, the pharmaceutical market in India stood at US$ 42 billion in 2021 and is predicted to register a three-fold growth by 2030, reaching US$ 120-130 billion by 2030. Since bio catalysis is extensively utilized across the pharmaceutical industry to catalyze chemical transformations to suffice the increasing requirements for a growing number of reactions during drug development.

However, the lack of adequate regulations pertaining to the use of other competing technologies and applications may hamper market performance. In addition, limited consumer awareness about biocatalysts may challenge industry progression. In contrast, rising environmental concerns and the increasing penetration of biocatalysts across several industry verticals will favor market progress.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Question(FAQ) :

Which are the major biocatalyst manufacturers globally?: Notable players in the biocatalyst market are BASF SE, Novozymes, DuPont, Codexis, Inc., Biocatalysts Limited, AB Enzymes, Prozomix Limited, Royal DSM, Lonza, Amano Enzyme Inc., Biosyntha Technology Ltd, and others.
What is encouraging the adoption of hydrolases through 2023-2032?: Hydrolases segment is poised to be valued at USD 430 million by 2032, attributed to the broad range availability, high compatibility of hydrolases with organic solvents, and increased ease of use associated with hydrolases.
Why is the demand for microbial-catalyzed enzymes growing tremendously?: Microorganisms segment is estimated to grow at over 6% CAGR between 2023 and 2032, owing to growing R&D efforts toward the discovery of biologically active molecules with diversified structural features.
What factors are contributing to the expansion of the biocatalyst market?: Global market for biocatalyst was worth over USD 500 million in 2022 and is predicted to expand at more than 6% CAGR from 2023 to 2032, given the increasing utilization of biocatalysts in a variety of biopharmaceutical applications.

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Authors: Kiran Pulidindi, Kunal Ahuja

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Base Year: 2022

Companies covered: 11

Tables & Figures: 257

Countries covered: 19

Pages: 172

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Biocatalyst Market Size

Biocatalyst Market Size

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