According to IMARC Group’s latest report, titled “Europe Biocatalyst Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the Europe biocatalyst market is expected to exhibit a CAGR of X% during 2022-2027. Biocatalysts are enzymes used to improve non-spontaneous chemical reactions, such as the preparation of alcohols in a biological system. They offer high regioselectivity, enantioselectivity, catalytic efficiency, and the ability to function under moderate conditions. As they are biodegradable, thermos-labile and sensitive to pH, biocatalysts find extensive applications in various end use industries across Europe.
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Europe Biocatalyst Market Trends:
Biocatalysts are employed in the food and beverage (F&B) industry for brewing, dairy processing, baking, preparing meat products, and producing oil and fat. This, in confluence with the considerable consumption of ready-to-eat (RTE) food items, represents one of the major factors bolstering the market growth in Europe. In addition, the rising use of biocatalysts in the agriculture industry for animal feed and silage production is propelling the market growth. Apart from this, due to the depletion of fossil fuels and the growing awareness among individuals about their negative environmental impact, the utilization of biocatalysts is rising in biofuel production across the region. Looking forward, the market is expected to continue its strong growth during the forecast period (2022-2027).
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe biocatalyst market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on type, application and source.
Breakup by Type:
- Hydrolases
- Oxidoreductases
- Transferases
- Others
Breakup by Application:
- Food and Beverages
- Cleaning Agent
- Biofuel Production
- Agriculture and Feed
- Biopharmaceuticals
- Others
Breakup by Source:
- Microorganisms
- Plants
- Animals
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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