How big is the Biochemical Market | Industry Value & Expansion Forecast 2025

Q: How big is the Biochemical Market?

The size of biochemical market was estimated at USD 62.3 billion in 2024 and is projected to reach USD 128.6 billion by 2031.

Q: How are biochemicals different from traditional chemicals?

Biochemicals are extracted from renewable biological sources, unlike conventional chemicals sourced from petroleum or synthetic feedstocks.

Q: What industries are seeing the fastest growth in biochemical adoption?

Food & beverage, pharmaceuticals, agriculture, and packaging are experiencing the most rapid growth due to sustainability requirements.

Q: What role does biotechnology play in biochemical production?

Biotechnology enables advanced fermentation, gene editing, and microbial processes to create efficient, tailored biochemical compounds.

Q: Are biochemicals cost-competitive with petrochemicals?

No, biochemicals are not universally cost-competitive with petrochemicals.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA4790

Publication Date: Jul 2025

What is the size of the Biochemical Market?

According to 6Wresearch internal database and industry insights, the Biochemical Market was exhibited at USD 62.3 billion in 2024 and is projected to reach USD 128.6 billion by 2031, growing at a CAGR of 10.8% during the forecast period 2025–2031.

This growth is propelled by demand for bio-based alternatives, sustainable agricultural inputs, biopharmaceutical innovation, and eco-friendly industrial materials.

Key Growth Factors of the Biochemical Market

Increased use of bio-based chemicals in manufacturing and consumer goods
Growing emphasis on carbon neutrality and green supply chains
Rise in demand for biochemical ingredients in pharmaceuticals and nutraceuticals
Agricultural sector shift toward biofertilizers and biopesticides
Government funding and regulatory support for sustainable bioproducts

Biochemical Market Trends

The Biochemical Market is navigating through emerging trends such as the rapid growth in fermentation-based and algae-derived chemicals used across food, pharma, agriculture, and polymers. Further, the biochemicals are taking place of petroleum-based inputs in plastics, adhesives, and textiles. Enzyme and microbe which are driven synthesis are enhancing yield and purity, while innovations in synthetic biology are opening doors to custom-designed biochemical compounds for targeted industrial functions.

Emerging Developments in the Biochemical Market

The industry is witnessing numbers of emerging developments with the innovation in metabolic engineering and cell-free biosynthesis to produce high-value specialty biochemicals. Partnerships are increasing between biotech firms and chemical giants to scale up production of bio-based platform chemicals like succinic acid, itaconic acid, and bio-acrylics. Asia-Pacific is emerging as a major production hub due to favourable cost structures and growing domestic demand in agriculture, textiles, and healthcare.