Biochemistry, sometimes called biological chemistry, is the study of chemical processes within and relating to living organisms.
Asia Pacific is expected to emerge as a key region for biotechnology based chemicals market owing to growing pharmaceutical industry in emerging economies such as China and India. Rising citric acid demand from food & beverage industry in China is expected to positively impact biotechnology based chemicals market growth in the region over the forecast period. Shift in consumer preferences towards bio based products usage owing to increasing awareness regarding health hazards associated with non-bio based products is projected to drive biotechnology based chemicals market growth in North America and Europe. Dominant animal feed industry presence in China and U.S. due to increasing lysine application as a supplement in swine and poultry feeds is expected to complement market growth over the forecast period. U.S. has many existing biorefineries which process corn into sugars, oils, food ingredients and animal feeds. Europe is expected to witness considerable market growth over the next seven years. However, there are certain hurdles such as lacking industry knowledge and applicable policies forcing shift in production capacities outside Europe despite the technological knowhow in the region.
The Global Biotechnology Based Chemicals Market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 - 2026.
As the report focuses on global Biotechnology Based Chemicals Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Kemin Europa
Clariant
JC Biotech
Rossari Biotech Ltd.
BioAmber, Inc.
Krishnai Biotech
Stora Enso
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Bio-pharma
Agri-biotech
Bio-informatics
In Market segmentation by applications :
Pharmaceuticals and Nutrition
Foods and Beverages
Agriculture
Animal Feeds
Other
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Biotechnology Based Chemicals Market for the forecast period 2020 - 2026?
• What are the driving forces in the Biotechnology Based Chemicals Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Biotechnology Based Chemicals industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?