Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 387.4 Million | USD 416.6 Million | 3.2% | 2022 |
FrequentlyAsked Questions
Catalase is a crucial enzyme that originates in the cells of many living organisms, including humans. Its primary function is to catalyze the breakdown of hydrogen peroxide into water and oxygen. Hydrogen peroxide is an injurious byproduct of different cellular processes and can be harmful to cells if it gathers in high concentrations.
The rising demand for organic and natural cosmetics is a key driver for the growth of the global catalase market. Natural and organic cosmetics are made from components that are naturally derived and are not artificial. Many end users now prefer natural and organic cosmetics over artificial ones because they are trusted to be safer and more effective organic and natural cosmetics are also more eco-friendly.
According to the report, 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.
The global catalase market is expected to grow at a CAGR of 3.2% during the forecast period.
The global catalase market growth is expected to be driven by North America. owing to a rise in the demand for catalase in the food and beverages segment, stringent food safety policies, and a growing awareness of sustainable practices adopted by various industries
Some of the major companies in the catalase business include Biocatalysts Limited, Kolor Jet Chemical Pvt. Ltd., MP Biomedicals LLC., Sigma-Aldrich Co. LLC., BIO-CAT, Megazyme Inc., Lumis Biotech Pvt. Ltd., Novozymes, and Sekisui Diagnostics LLC.
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