White Biotechnology Growth Forecast 2025-2034: Trends, Opportunities, and Key Insights You Need to Know
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What is the Predicted CAGR for the White Biotechnology Market Over the Forecast Period of 2025 to 2034?
The expansion of the white biotechnology market has been swift in recent times, increasing from a size of $425.76 billion in 2024 to a projected $468.85 billion in 2025, marking a compound annual growth rate (CAGR) of 10.1%. The surge during the historic period can be credited to factors like cost-efficiency, financial feasibility, decreased dependency on fossil fuels, the emphasis of consumers on sustainability, funding in research and development, and circular economy strategies.
Expectations are high for the white biotechnology market to experience substantial growth in the coming years. It is projected to expand to $701.22 billion by 2029, boasting a compound annual growth rate (CAGR) of 10.6%. This estimated growth in the forecast period could be driven by increasing consumer preference for environmentally-friendly products, the worldwide transition to renewable energy, amplified investment and funding, emphasis on a circular economy, and focus on waste minimization. Predominant trends during the forecast period encompass cost competitiveness, heightened consumer knowledge and preference, product innovation, orientation towards a circular economy, and reduction in greenhouse gas emissions.
What Are the Primary Drivers Supporting the Growth of the white biotechnology Market?
The rise in biofuel demand is expected to boost the progression of the white biotechnology market. Biofuels are a kind of renewable energy derived from biological resources. Notable biofuels like biodiesel, biogas, and others are derived from organic waste and corn-based ethanol. Global demand for biofuels is on the rise, and they are sustainably synthesized from living organisms or their enzymes using renewable resources through white biotechnology. According to a report by the International Energy Agency (IEA), a French independent intergovernmental body, in December 2022, biodiesel production will reach 47.4 billion liters worldwide in 2022, rising from 45.7 billion in 2021. Meanwhile, ethanol production has increased to 114 billion liters in 2022. Therefore, this escalating demand for biofuels is fueling the expansion of the white biotechnology market.
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Who Are the Top Companies Driving Innovation and Growth in the White Biotechnology Market?
Major companies operating in the white biotechnology market are:
• Novozyme A/S._x000D_
• Koninklijke DSM N.V._x000D_
• BASF SE._x000D_
• Du Pont Danisco._x000D_
• Amyris Inc._x000D_
What Key Trends Are Currently Impacting the White Biotechnology Market’s Development?
The white biotechnology market is currently seeing an upsurge due to technological innovations. With the usage of advanced technological platforms like co-polymer and precise platforms dependent on biotechnological applications, the market has seen significant discoveries. Companies in the white biotechnology industry are focusing on such findings to maintain their market standing. In June 2023, for example, International Flavors & Fragrances Inc., a US-based manufacturer, introduced the Designed Enzymatic Biomaterials (DEB) technology, a platform aimed at distributing sustainable biopolymers. The new technology allows manufacturers to substitute traditional synthetic polymers derived from fossil fuels, adhering to market demand changes and regulatory modifications. Using DEB technology, scientists can integrate the characteristics of petroleum-based polymers into biopolymer materials. This innovative approach allows for improved and customizable polysaccharides, promising long-term enhancements to the chosen application.
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What Are the Key Components of the White Biotechnology Market, and How Do Its Segments Perform?
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
Which Geographical Regions Are Pioneering Growth in 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.
How Do Experts Define the Scope of the White Biotechnology Market?
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.
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