Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Biochemical Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Biochemical Market Grow Between 2024 and 2025?
The historical growth trend in the biochemical market shows significant progress. This market was projected to increase from a size of $83.52 billion in 2024 to $90.85 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 8.8%.
How Much Will the Biochemical Market Be Worth in 2029?
The biochemical market is projected to expand to $122.72 billion by 2029, with a compound annual growth rate (CAGR) of 7.8%.
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Which Biochemical Market Drivers Are Linked to Revenue Growth?
The key Drivers in the biochemical market are:
• Rising demand for bio-based products
• Use of biochemicals in creating sustainable alternatives to traditional petrochemicals
• Reduction of environmental impact through bio-based products
• Rapid growth in organic food and bioplastic industries
Which Segments Are Expected to Grow in the Biochemical Market?
The biochemicalmarket covered in this report is segmented –
1) By Type: Biodiesel, Amino Acids, Fine Chemicals, Phytochemicals, Antibiotics, Dyes And Stains
2 By Application: Fuel, Power Generation, Other Applications
3) By End-User: Pharmaceuticals, Dairy, Automotive, Agriculture, Textile, Food Processing
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What Are The Key Trends Impacting Growth In The Global Biochemical Market?
The key trends in the biochemical market are:
• The trend of launching novel bio-based precursors is growing among leading biochemical market players.
• Companies are striving to gain a competitive edge through the introduction of innovative products.
• The creation of bio-based substances from renewable biological resources is an emerging trend.
• The shift to sustainable alternatives for traditional chemical compounds is increasingly shaping the industry.
Who Are the Key Competitors in the Global Biochemical Market?
The key players in the biochemical market are:
• Cargill Inc.
• Archer Daniels Midland Company
• Pfizer Inc.
• Johnson & Johnson
• BASF SE
• F. Hoffmann-La Roche AG
• Merck & Co. Inc.
• Dow Chemical Company
• Novartis AG
• Sanofi S.A.
• Bristol-Myers Squibb Company
• Thermo Fisher Scientific Inc.
• AstraZeneca PLC
• Eli Lilly and Company
• Gilead Sciences Inc.
• Amgen Inc.
• Evonik Industries AG
• Solvay S.A.
• DuPont de Nemours Inc.
• Ajinomoto Co. Inc.
• Biogen Inc.
• Vertex Pharmaceuticals
• Agilent Technologies
• Illumina
• Renewable Energy Group Inc.
• Bio-Rad Laboratories
• Hansen A/S
• Naturex SA
• Arboris LLC
• AMINO GmbH
• LIPO Foods
Where Is the Biochemical Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the biochemical market in 2024
