According to the latest report by IMARC Group, titled “United States Biocatalyst Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the United States biocatalyst market reached a value of US$ 2.9 Billion in 2021. Biocatalyst refers to a biodegradable organic enzyme present in various biological sources, including plants, animals, and microorganisms that assists in optimizing chemical reaction rate and converting organic compounds. It exhibits non-toxic, stereoselectivity and sustainable properties, which, in turn, offers high catalytic efficiency and the ability to operate under mild conditions, while consuming minimal energy. On account of these properties, biocatalysts are extensively used in the pharmaceutical sector to manufacture several medicines, such as amino acids and statins. Apart from this, they are also utilized as enzymes in baked food products to modify dough rheology and crumb softness. At present, some of the commonly deployed biocatalysts include lipase, cellulose, amylase, bacteria, and proteases.
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United States Biocatalyst Market Trends:
The increasing need for sustainable solutions for producing biopharmaceuticals and biofuels through saccharification and starch liquefication represents the key factor primarily driving the United States biocatalyst market growth. Biocatalysts utilize unrefined feedstock in biodiesel production with lesser energy use, which is further facilitating their demand as a popular eco-friendly alternative to fossil fuels. In line with this, the growing environmental concerns, along with the implementation of favorable initiatives undertaken by the Federal Government of the United States (US Federal Government) promoting the uptake of renewable and eco-friendly raw materials to reduce greenhouse gas (GHG) emissions is propelling the market growth. Additionally, the extensive deployment of various biocatalysts, such as carbohydrates, lipase and proteases in the food and beverage (F&B) industry for enhancing the shelf-life of the products is acting as another growth-inducing factor. Additionally, ongoing technological advancements have facilitated the demand for biocatalysts in the chemical synthesis process due to their various beneficial properties, including easy separation and limited side reaction, which, in turn, is contributing to the market growth. Other factors, such as rapid industrialization, significant growth in the field of biotechnology, and extensive funding in research and development (R&D) activities to introduce advanced biocatalyst technology, are creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 4.5 Billion by 2027, growing at a CAGR of 7.80% during 2022-2027.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States 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 Beverage
- Cleaning Agents
- Biofuel Production
- Agriculture and Feed
- Biopharmaceuticals
- Others
Breakup by Source:
- Microorganisms
- Plants
- Animal
Breakup by Region:
- Northeast
- Midwest
- South
- West
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Key highlights of the report:
- Market Performance (2016-2021)
- 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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