GCC Biocatalyst Market Report by Type (Hydrolases, Oxidoreductases, Transferases, and Others), Application (Food and Beverages, Cleaning Agent, Biofuel Production, Agriculture and Feed, Biopharmaceuticals, and Others), Source (Microorganisms, Plants, Animals), and Country 2024-2032
The GCC biocatalyst market size reached 960 Tons in 2023. Looking forward, IMARC Group expects the market to reach 1,410 Tons by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
960 Tons
Market Forecast in 2032
1,410 Tons
Market Growth Rate (2024-2032)
4.3%
Biocatalysts refer to enzymes or microbes that accelerate or initiate chemical reactions in a living body. They are generally present in living organisms, including plants, animals and microorganisms, that helps in modifying the rate of chemical reactions and conversion of organic compounds. Apart from this, they are utilized for industrial purposes due to their ability to withstand mild conditions. Additionally, they are also used in the pharmaceutical industry to manufacture statins, antibodies, amino acids and vitamins.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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The market in the GCC region is primarily driven by significant growth in the field of biotechnology. Along with this, multiple key players in the region are actively engaging in joint ventures to strengthen their market presence. Moreover, continual technological advancements across the GCC region, such as the deployment of machine learning (ML) and biosensors with biocatalysis processes, are also positively influencing the market growth. Some of the other factors contributing to the market growth include the increasing investments by the governments of numerous countries across the GCC region to conduct extensive research and development (R&D) activities and the rapid substitution of chemical catalysts with biocatalysts across industries.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC biocatalyst market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on type, application and source.
Breakup by Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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:
Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
Kilo Tons
Segment Coverage
Type, Application, Source, Country
Countries Covered
Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The GCC biocatalyst market reached a volume of 960 Tons in 2023.
We expect the GCC biocatalyst market to exhibit a CAGR of 4.3% during 2024-2032.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several GCC nations resulting in the temporary closure of numerous end-use industries for biocatalysts.
The rising demand for biocatalyst in the production of biofuels and biopharmaceuticals, owing to its environment sustainability, is primarily driving the GCC biocatalyst market.
Based on the type, the GCC biocatalyst market can be categorized into hydrolases, oxidoreductases, transferases, and others. Currently, hydrolases account for the majority of the total market share.
Based on the application, the GCC biocatalyst market has been segregated into food and beverages, cleaning agent, biofuel production, agriculture and feed, biopharmaceuticals, and others. Among these, food and beverages currently hold the largest market share.
Based on the source, the GCC biocatalyst market can be bifurcated into microorganisms, plants, and animals. Currently, microorganisms exhibit a clear dominance in the market.
On a regional level, the market has been classified into Saudi Arabia, UAE, Qatar, Oman, Kuwait, and Bahrain, where Saudi Arabia currently dominates the GCC biocatalyst market.
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