PUBLISHER: IMARC | PRODUCT CODE: 1729422
PUBLISHER: IMARC | PRODUCT CODE: 1729422
The Japan biocatalyst market size reached 6.5 Kilo Tons in 2024. Looking forward, IMARC Group expects the market to reach 11.1 Kilo Tons by 2033, exhibiting a growth rate (CAGR) of 6.1% during 2025-2033.
Biocatalyst refers to enzymes or microbes that are generally present in living organisms, including plants, animals and microorganisms. It can catalyze or initiate chemical reactions in a living body and the conversion of organic compounds. Apart from this, it is also utilized in the pharmaceutical industry to manufacture statins, antibodies, amino acids and vitamins.
The market in Japan is primarily driven by significant growth in the field of biotechnology. Along with this, numerous players in the country are diversifying their product portfolio by introducing unique enzyme products in the market. Furthermore, multiple key players are collaborating with foreign companies to create numerous growth opportunities in the market. Some of the other factors contributing to the market growth include technological advancements in the pharmaceutical sector and extensive research and development (R&D) activities conducted by key players.
The competitive landscape of the industry has also been examined along with the profiles of the key players.