Overview and Scope
White biotechnology refers to a branch of biotechnology that is committed to industrial production and offers essential components to food, pharmaceutical, agricultural, and other industries. It is also known as environmental biotechnology, which is the contemporary application and usage of biotechnology for the environmentally friendly synthesis of biochemicals, biomaterials, and biofuels from renewable resources using live cells and/or their enzymes. The white biotechnology is used to synthesize products through biological processes.
Sizing and Forecast
The white biotechnology market size has grown rapidly in recent years. It will grow from $382.86 billion in 2023 to $423.09 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to cost competitiveness and economic viability, reduced reliance on fossil fuels, consumer demand for sustainability, investment in research and development, circular economy initiatives.
The white biotechnology market size is expected to see rapid growth in the next few years. It will grow to $626.09 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to consumer preference for sustainable products, global shift towards renewable energy, investment and funding growth, focus on circular economy and waste reduction. Major trends in the forecast period include cost competitiveness, consumer awareness and preference, product innovations, shift towards circular economy, reduction in greenhouse gas emissions.
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Segmentation & Regional Insights
The white biotechnology market covered in this report is segmented –
1) By Product Type: Biofuels, Biomaterials, Biochemicals, Industrial Enzymes
2) By Application Type: Bioenergy, Food and feed additives, Pharmaceutical ingredients, Personal care and household products, Other Applications
North America was the largest region in the white biotechnology market in 2023. The regions covered in the white biotechnology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing demand for biofuels is expected to propel the growth of the white biotechnology market going forward. Biofuels refer to a type of renewable energy made from biological sources. The most popular biofuels, such as biodiesel, biogas, and others, are produced from organic by-products and corn-based ethanol. There is an increasing demand for biofuels across the globe, and white biotechnology is used for the sustainable synthesis of biofuels using living organisms or their enzymes from renewable sources. For instance, in December 2022, according to a report shared by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, by 2022, 47.4 billion liters of biodiesel will be produced worldwide, up from 45.7 billion in 2021. On the other hand, the amount of ethanol produced has gone up to 114 billion liters in 2022. Therefore, increasing demand for biofuels is driving the growth of the white biotechnology market.
Key Industry Players
Major companies operating in the white biotechnology market report are Novozyme A/S., Koninklijke DSM N.V., BASF SE., Du Pont Danisco., Amyris Inc., Henkel AG & Co. KGaA., Kaneka Corporation., Biosphere Corporation., Fujifilm Holdings Corporation., General Electric Company., Solazyme Inc., Bayer AG., Evonik Industries AG., Evolva Holding., EUCODIS Bioscience GmbH., Lonza Group Ltd., Laurus Labs., BioAmber Inc., Borregaard ASA., Codexis Inc., Deinove SA., Fermentalg SA., Gevo Inc., Global Bioenergies SA., Metabolic Explorer SA., Oligomerix Inc., immatics biotechnologies GmbH., Neurimmune Therapeutics AG., AkzoNobel N.V., Saama Technologies Inc.
The white biotechnology market report table of contents includes:
- Executive Summary
- White Biotechnology Market Characteristics
- White Biotechnology Market Trends And Strategies
- White Biotechnology Market – Macro Economic Scenario
- Global White Biotechnology Market Size and Growth
- White Biotechnology Market Segmentation
- White Biotechnology Market Regional And Country Analysis
……………….
- Key Mergers And Acquisitions In The White Biotechnology Market
- White Biotechnology Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global White Biotechnology Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global White Biotechnology Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global White Biotechnology Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 51: Novozyme A/S. Financial Performance
Table 52: Koninklijke DSM N.V. Financial Performance
Table 53: BASF SE Financial Performance
Table 54: Du Pont Danisco Financial Performance
Table 55: Amyris Inc. Financial Performance
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