Biotechnology based chemicals are manufactured by applying several techniques such as fermentation. Biotechnology based chemicals contains lactic acid, citric acid, polyhydroxyalkanoates, lysine, glutamic acid and threonine. Biotechnology based chemicals are used in various industries such as pharmaceuticals, food, animal feed and consumer goods among others. Currently, more than 13.3 million farmers are exploiting biotechnology-based chemicals to enhance the crops yield, to protect crops from insects, and to decrease the harmful impact on environment.
MARKET DYNAMICS
Pharmaceutical industry is the major end user industry that highly consumes biotechnology based chemicals. The rising demand for natural medicines when compared to synthetic chemicals is anticipated to amplify the overall demand for biotechnology based chemicals. Also, rising awareness of the various side effects associated with the chemical drugs is projected to augment the biotechnology based chemicals market. The animal feed industry is another major consumers of biotechnology based chemicals. The escalating demand for lysine in animal feed is considered to boost the demand for biotechnology chemicals.
MARKET SCOPE
The "Global Biotechnology Based Chemicals Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the biotechnology based chemicals market with detailed market segmentation by application and end users and geography. The global biotechnology based chemicals market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biotechnology based chemicals market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global biotechnology based chemicals market is segmented on the basis of application and end-users. On the basis of end users, market is segmented into bio-pharma, agri-biotech, bio-informatics, and others. On the basis of application, market is segmented into food and beverages, agriculture, fuel, energy, animal feed, pharmaceuticals and nutrition, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global biotechnology based chemicals market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The biotechnology based chemicals market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the biotechnology based chemicals market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the biotechnology based chemicals market in these regions.
MARKET PLAYERS
The reports cover key developments in the biotechnology based chemicals market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from biotechnology based chemicals market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the biotechnology based chemicals market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the biotechnology based chemicals market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ADM
- AGAE Technologies, LLC
- BASF SE
- BioAmber Inc.
- Cargill, Incorporated
- DSM
- Futerro SA
- GFBiochemicals Ltd
- Toray Industries Inc
- Vertec BioSolvents
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.