The North America biocatalysts market reached a volume of 35,800 Tons in 2018. Biocatalysts are defined as substances made from biological (non-human) materials or enzymes, which help in modifying or increasing the rate of a chemical reaction. Some of the common biocatalysts include microbes, lipases, proteases, cellulases and amylases. They are organic, biodegradable, and have high catalytic efficiency and the ability to operate under mild conditions. Owing to the aforementioned properties possessed by biocatalysts, they are widely used in various industries, including food and beverages, pharmaceuticals, detergents and textiles.
The North America biocatalysts market is currently being driven by several factors. The rising environmental concerns have increased the demand for biocatalysts in the production of biochemicals, biofuels and other biomaterials. Furthermore, biocatalysts also help in waste reduction, which makes them highly efficient to be used in the region’s chemical industry. Apart from this, several biocatalysts, such as carbohydrase, protease, and lipase, act as digestive, anti-staling, and softening agents for food and beverages. Additionally, they also help in increasing the shelf life of edibles that is further driving the market growth. Moreover, rising technological innovations in the pharmaceuticals industry have also propelled the demand for biocatalysts in the region. Looking forward, IMARC Group expects the market to reach a volume of 46,460 Tons by 2024, registering a CAGR of 5.4% during 2019-2024.
Report Scope:
North America Biocatalyst Market
Key Regions Analysed
United States
Canada
Mexico
Analysis for Each Country
Market by Type
Hydrolases
Oxidoreductases
Transferases
Others
Market by Application
Food and Beverages
Cleaning Agent
Biofuel Production
Agriculture and Feed
Biopharmaceuticals
Others
Market by Source
Microorganisms
Plants
Animals
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
Key questions answered in this report:
How has the North America biocatalyst market performed so far and how will it perform in the coming years?
What are the key regions in the North America biocatalyst market?
What is the breakup of the North America biocatalyst market on the basis of type?
What is the breakup of the North America biocatalyst market on the basis of application?
What is the breakup of the North America biocatalyst market on the basis of source?
What are the various stages in the value chain of the North America biocatalyst industry?
What are the key driving factors and challenges in the North America biocatalyst industry?
What is the structure of the North America biocatalyst industry and who are the key players?
What is the degree of competition in the North America biocatalyst industry?
What are the profit margins in the North America biocatalyst industry?
Report Coverage:
Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Currency: US$
Geography Covered: North America, United States, Canada and Mexico
Segments Covered: Type, Application and Source
Report Customization: Although IMARC has tried to cover everything in the North America biocatalyst market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.