According to IMARC Group’s latest report, titled “India Biocatalyst Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the India biocatalyst market is expected to exhibit a CAGR of 7.88% during 2022-2027. Looking forward, IMARC Group expects the market to continue its robust growth during the forecast period (2022-2027).
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A biocatalyst is a natural substance that is extensively used in a biochemical reaction to accelerate the process. It manufactures and modifies specialty enzymes for varied industries, such as fragrance, food, life science, and fine chemicals. Apart from this, it is also widely used to facilitate efficient biosynthesis of pharmaceutically active ingredients.
India Biocatalyst Market Trends:
The India biocatalyst market is majorly driven by significant growth in the biopharmaceutical industry. Furthermore, the widespread utilization of biocatalysts in the production of biofuels is acting as another growth-inducing factor. Additionally, extensive research and development (R&D) activities in the field of biofuels and biopharmaceuticals are anticipated to positively impact the market growth. Some of the other factors contributing to the market growth include the increasing utilization of biocatalyst technology in green chemistry, continual technological advancements in the production process and extensive research and development (R&D) activities conducted by key players across the country.
India Biocatalyst Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the India biocatalyst market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the India biocatalyst market on the basis of 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 Region:
- North India
- West and Central India
- South India
- East India
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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