How Has the White Biotechnology Market Evolved Historically and What is its Current Size?
The white biotechnology market has seen considerable growth due to a variety of factors.
• The market size of white biotechnology has seen a substantial increase in recent past. The prediction is for it to escalate from $425.76 billion in 2024 to $468.85 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.1%. The historical growth is due to factors such as cost-effectiveness, economic sustainability, a decrease in dependency on fossil fuels, consumer preference for sustainable products, investments in R&D, and initiatives in the circular economy.
What Does Future Hold for The White Biotechnology Market in the Coming Years?
The White Biotechnology market is expected to maintain its strong growth trajectory in upcoming years.
• Rapid expansion is predicted for the white biotechnology market in the following years, with projections estimating a value of $701.22 billion by 2029 and a compound annual growth rate (CAGR) of 10.6%.
The growth during this period can be traced back to factors such as consumer inclination towards eco-friendly products, worldwide pivot to renewable energy sources, increased investments and funds, emphasis on a circular economy, and efforts towards waste minimization. The predicted period also expects to witness trends like cost-effectiveness, enlightened consumer choices, breakthrough in product offerings, transformative shift towards circular economy, and a decrease in greenhouse gas releases.
What Are The Primary Growth Drivers In The White Biotechnology Market?
The growth of the white biotechnology market is anticipated to be fueled by the escalating demand for biofuels. Biofuels, which are renewable energy derived from biological substances, have seen a steep rise in demand globally. Some of the most commonly used biofuels like biodiesel, biogas, and others, are generated from organic by-products and corn-based ethanol. White biotechnology plays a significant role in the eco-friendly synthesis of biofuels using living organisms or their enzymes obtained from renewable sources. For instance, the International Energy Agency (IEA), an autonomous intergovernmental organization based in France, in their December 2022 report, predicted that the global production of biodiesel would increase to 47.4 billion liters in 2022, a rise from 45.7 billion in 2021. Similarly, the production of ethanol has also soared to 114 billion liters in 2022. As such, the growing demand for biofuels serves as a primary catalyst driving the expansion of the white biotechnology market.
What Is The Segmentation Of The Global White Biotechnology Market?
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
Subsegments:
1) By Biofuels: Ethanol, Biodiesel, Biogas
2) By Biomaterials: Bioplastics, Bio-Based Composites, Bio-based Chemicals
3) By Biochemicals: Organic Acids, Amino Acids, Solvents
4) By Industrial Enzymes: Proteases, Amylases, Lipases
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What Emerging Trends Are Shaping The White Biotechnology Market Landscape?
Emerging technological innovations are a major trend that is becoming prevalent in the white biotechnology market. The sector has observed the implementation of novel and sophisticated technology platforms such as co-polymer and precise platforms, which rely on biotechnological applications and aid in the invention of extraordinary products. Dominant corporations in the white biotechnology sphere are concentrating on these discoveries to maintain their market standing. For example, in June 2023, International Flavors & Fragrances Inc., a fragrance, flavors, and cosmetic actives producer based in the US, introduced its Designed Enzymatic Biomaterials (DEB) technology, a platform for Biomaterials technology meant to generate sustainable biopolymers. This technology platform empowers manufacturers to adjust to evolving market demands and legislative alterations by replacing traditional synthetic polymers derived from fossil fuels. By employing the DEB technology platform, scientists have the ability to directly embed the characteristics of petroleum-based polymers into biopolymer materials, refining and adapting polysaccharides to offer sustained performance enhancements in the selected application.
Who Are the Key Players In The White Biotechnology Market?
Major companies operating in the white biotechnology market include:
• 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.
• Bayer AG.
• Evonik Industries AG.
• Evolva Holding.
• EUCODIS Bioscience GmbH.
• Lonza Group Ltd.
• Laurus Labs.
• 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.
What Are The Regional Insights Into The White Biotechnology Market?
North America was the largest region in the white biotechnology market in 2024. The regions covered in the white biotechnology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
