About Biocatalysis and Biocatalysts
Biocatalysis is a chemical process where enzymes and other biological catalysts are used to speed up the reaction between organic components. Enzymes are derived from microorganisms, animal cells, and plants. The applications of biocatalysts are growing in industries such as textile and biofuel production, due to the advances in biocatalysts technology. Biocatalysis is a useful and eco-friendly substitute to metallocatalysis and organocatalysis in industrial and laboratory scale. Biocatalysts encourage the idea of green chemistry as they are mostly renewable, less toxic, and less hazardous having less or no effect on the environment.
Technavio’s analysts forecast the global biocatalysis and biocatalysts market to grow at a CAGR of 6.39% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global biocatalysis and biocatalysts market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of biocatalysis and biocatalysts.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Biocatalysis and Biocatalysts Market 2017-2021
Technavio recognizes the following companies as the key players in the global biocatalysis and biocatalysts market: BASF, Codexis, DuPont, Novozymes, and Royal DSM
Other Prominent Vendors in the market are: AB Enzymes, Amano Enzymes, Chr. Hansen, Dyadic International, Soufflet Group, and Lonza.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Shift towards bio-based products. The bio-based feedstock is preferred over petroleum-based feedstock due to its dependence on chemical catalysts for the conversion process. Unlike petroleum-based feedstock, bio-based feedstock is highly functional. To convert the bio-based feedstock to chemical products, new catalytic processes are being used, which combine biocatalysts, microorganisms, and chemical catalysts during the conversion process.”
According to the report, one of the major drivers for this market is Increasing demand from food and beverages industry. With changing lifestyle, people are focusing on healthier diet and food preferences. Owing to the increase in per capita income and change in food habits, the global biocatalysts and biocatalysis market in the food and beverages industry is growing on a large scale.
Further, the report states that one of the major factors hindering the growth of this market is Product reach affected by high price of product. The global biocatalysis and biocatalysts market is characterized by the presence of a significant number of small players. But only major key players enjoy the technological leverage and sophistication to maintain the best quality. To support the R&D efforts and to secure the discoveries, the major players patent their products, which, is reflected as high prices for the primary consumers such as breweries, dairy, and convenience food industry.
BASF, Codexis, DuPont, Novozymes, Royal DSM, AB Enzymes, Amano Enzymes, Chr. Hansen, Dyadic International, Soufflet Group, and Lonza.