Biochemical Market Report 2026

The biochemical market size has grown strongly in recent years. It will grow from $90.85 billion in 2025 to $97.95 billion in 2026 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to growth in pharmaceutical manufacturing, expansion of biotech research, increased enzyme usage, rising demand for antibiotics, development of fermentation technologies.

The biochemical market size is expected to see strong growth in the next few years. It will grow to $132.27 billion in 2030 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to growth in biologics demand, increasing personalized medicine adoption, expansion of biomanufacturing capacity, advances in synthetic biology, rising healthcare investments. Major trends in the forecast period include rising demand for bioprocessing chemicals, increasing use in therapeutic protein production, growing adoption of fermentation based manufacturing, expansion of biochemical applications in pharmaceuticals, higher focus on process efficiency and yield optimization.

Increasing demand for bio-based products is expected to propel the growth of the biochemical market going forward. Bio-based products are materials derived from renewable biological resources, such as plants, animals, and microorganisms. Biochemicals support the development of these products by offering sustainable alternatives to traditional petrochemicals and reducing environmental impact. For example, in March 2023, European Bioplastics, a Germany-based association representing the bioplastics industry, reported that global bioplastics production capacity is projected to grow from around 2.2 million metric tons in 2022 to approximately 6.3 million metric tons in 2027. Therefore, the increasing demand for bio-based products is driving the growth of the biochemical market.

Major companies in the biochemical market are intensifying their focus on introducing innovative sustainable products such as bio-based sustainable additives to strengthen their competitive position. Bio-based sustainable additives are natural or renewable compounds derived from plant-based, agricultural, or other organic sources that enhance the properties, performance, or environmental sustainability of various products, materials, or processes. For instance, in March 2023, BYK, a subsidiary of Altana AG, a Germany-based chemicals company, launched a new line of bio-based, sustainable additives under the name CERAFLOUR. These additives are designed to give coatings used in wood, furniture, coil, and architectural applications a natural appearance, along with silky and matte surface finishes.

In August 2023, UPM Biochemicals GmbH, a Germany-based biochemical company, acquired SunCoal Industries GmbH for an undisclosed amount. This acquisition is expected to enable UPM Biochemicals GmbH to expand its portfolio of renewable chemicals and strengthen its presence in the bio-based products market. SunCoal Industries GmbH is a Germany-based chemical company that develops and commercializes high-value carbon products, including biochemicals.

Major companies operating in the biochemical market are Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche AG, Merck & Co. Inc., Novartis AG, Sanofi S.A., Bristol-Myers Squibb Company, AstraZeneca plc, Eli Lilly and Company, Gilead Sciences Inc., Amgen Inc., Biogen Inc., Vertex Pharmaceuticals, Ajinomoto Co. Inc., Evonik Industries AG, DuPont de Nemours Inc., Chr. Hansen Holding A/S, DSM-Firmenich, BASF SE, Novozymes A/S, Lonza Group AG, AbbVie Inc.

Asia-Pacific was the largest region in the biochemical market in 2025. The regions covered in the biochemical market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the biochemical market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The biochemical market consists of sales of buffers, plant growth regulators, insect growth regulators, organic acids, and plant extracts. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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