The global catalase market size was worth around $387.4 million in 2022 and is predicted to grow to around $416.6 million by 2030 with a compound annual growth rate (CAGR) of roughly 3.2% between 2023 and 2030.
The study examines the factors driving and restraining the worldwide catalase market, as well as their impact on demand during the forecast period. The paper also investigates promising new developments in the worldwide catalase market.
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???? Industry Analysis of Catalase
Humans, like many other organisms, contain the enzyme catalase in their cells. Hydrogen peroxide is broken down into water and oxygen with its help. Hydrogen peroxide is produced as a byproduct of many biological processes, and it is toxic to cells when present in sufficient concentrations. Catalase also protects cells from oxidative damage by converting hydrogen peroxide into less harmful compounds quickly. Two hydrogen peroxide molecules are split in half in this enzymatic reaction, yielding one water molecule and one oxygen molecule. Catalase’s amazing effectiveness in breaking down hydrogen peroxide allows it to quickly neutralize this potentially explosive chemical. Catalase plays a crucial role in the body’s defense against dangerous reactive oxygen species since it is essential for cellular health and the prevention of oxidative stress.
???? Principal Observations
• Our research analyst has revealed that the global catalase market is expected to expand at a compound annual growth rate (CAGR) of roughly 3.2% during the years 2023 and 2030.
• The global catalase market was worth around $ 387.4 mn in 2022 and is expected to reach $ 416.6 mn by 2030, according to a new report.
• One factor fueling the expansion of the worldwide catalase market is the growing popularity of all-natural and organic beauty products. Cosmetics labeled “natural” or “organic” use ingredients that come from natural sources rather than labs. Natural and organic cosmetics have gained popularity as consumers believe they are safer and more effective than their synthetic counterparts.
➤ Demand for organic and natural cosmetics is rising, which will drive the expansion of the global cosmetics market.
The global catalase market is expanding because of the growing interest in organic and natural personal care products. All-natural cosmetics use only safe, organic ingredients. Many modern shoppers would rather use organic and natural products than synthetic ones since they believe they are healthier and work better. Natural and organic cosmetics are better for the planet. Catalase is an essential enzyme for increasing product quality and longevity. Catalase’s use in cosmetics is also on the rise as more people get concerned about their appearance. Catalase’s global demand is rising as the food and beverage sector expands and more people desire safe, healthy options. Packaging food and making cheese both rely heavily on catalase.
As a result of these elements, catalase is now in higher demand in the food and beverage sector, which is projected to propel the expansion of the global market. The enzyme catalase is also commonly used in wastewater purification. Catalase demand is expected to increase worldwide as a result of the aforementioned factors. Catalase’s widespread use in industries like textiles is also anticipated to contribute to the expansion of the global market.
➤ High Catalyst Prices Could Halt Development Around the World
Catalase’s high price is a major factor holding back the worldwide catalase market. Production costs for catalase are expensive because it is a valuable enzyme. As a result, it is challenging for small and medium-sized businesses to break into the sector.
➤ The global market is expected to expand thanks to rising product usage in the water and wastewater treatment industries.
The catalase market is expected to expand at a substantial rate throughout the forecast period due to the increasing demand for catalase enzymes in the water and wastewater treatment industries. Membrane technologies, which are used to purify water, are gaining in popularity because of their low energy use and great efficiency. In addition, membrane bioreactors (MBRs) are employed at municipal sewage treatment facilities for this purpose. MBRs use a combination of membrane filtration and biological treatment to purge wastewater of a wide variety of pollutants. Another case in point is the group of chemical processes known as advanced oxidation processes (AOPs), which need a lot of power to operate but successfully purify water from pollutants.
➤ One of the biggest obstacles facing the global business boom is the lack of standards and severe legislation.
The development of the catalase market will be hampered by the absence of standards and clear rules and regulations. It’s also possible that difficulties will arise for European Union product makers due to restrictions requiring authorisation before using enzymes in the material. The high cost of enzyme products in compared to other common additions is a major issue restraining market growth.
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The Global Catalase Market is segmented based on product, application and region
Global Catalase Market: Product Segment Analysis
● Liquid Catalase
● Powder Catalase
Global Catalase Market: Application Segment Analysis
● Food & Beverages
● Personal Care
???? Changes in the Recent Past:
• Kerry, a Taste & Nutrition firm, and BIO-CAT, Inc., a biotech company based in Virginia, formed a strategic agreement in June 2021 to develop ground-breaking enzyme products. As part of the agreement, Kerry will manage the commercialization of OPTI-BIOME MB40, a patented probiotic strain developed by BIO-CAT. As a result, the global catalase market should expand at a faster rate.
• BRAIN Biotech increased its holdings in Biocatalysts Ltd. in May 2021. Biocatalysts Ltd. is a global biotechnology firm that manufactures specialty enzymes at commercial scales for the food, flavor, life sciences, and pharmaceutical industries, among others. BRAIN Biotech is now allowed to increase its stake in Biocatalysts Limited thanks to this. The move will have a significant impact on the sector worldwide.
Some of the major companies in the global catalase market include:
● Megazyme Inc
● Biocatalysts Limited
● Kolor Jet Chemical Pvt. Ltd
● MP Biomedicals LLC
● Sigma-Aldrich Co. LLC
● Lumis Biotech Pvt. Ltd
● Sekisui Diagnostics LLC
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➤ The estimate indicates that North America would be the market leader globally
During the projection period, the catalase market in North America is anticipated to be the largest in the world. Catalase has several uses in industry, making North America a key market for the product. In nations like the United States, where the food and beverage industry is booming, catalase is increasingly being employed to remove hydrogen peroxide residues from food to guarantee its safety and quality. Increased demand for catalase is a result of the product’s widespread application; for example, in the wastewater treatment and textile sectors.
In 2022, the catalase market in Europe was the second largest in the world. Stable demand for catalase has also been noted in Europe, where rigorous rules on environmental protection and food safety have contributed to this trend. Catalase that is in line with food safety standards/protocols is widely used in the food processing business in Europe, and it is also implemented by a variety of other companies across the continent to lessen their negative effects on the environment.
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