Future Outlook of the White Biotechnology Market: Growth, Trends, and Emerging Opportunities Explored
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How has the white biotechnology market grown over the years?
Over the last few years, the size of the white biotechnology market has seen quick expansion. Forecasts indicate a rise from $425.76 billion in 2024, to $468.85 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.1%. Factors such as cost efficiency and economic feasibility, diminished dependence on fossil fuels, customer preference for sustainability, investment in R&D and circular economy endeavors have all contributed to this growth during the historical period.
What Is the forecasted market size and growth rate for the white biotechnology market?
In the coming years, it is anticipated that the white biotechnology market will experience swift expansion. By 2029, its overall value is projected to reach $701.22 billion, growing at a compound annual rate (CAGR) of 10.6%. This growth over the forecasted period can be credited to the consumer’s inclination for sustainable products, a worldwide transition towards renewable energy, increased funding and investment, an emphasis on the circular economy, and waste minimization. The forecast period is also expected to see a rising trend in cost competitiveness, consumer awareness and choice, product innovation, a shift towards a circular economy, and a decrease in greenhouse gas emissions.
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What are the major factors driving growth in the white biotechnology market?
The surge in demand for biofuels is anticipated to fuel the expansion of the white biotechnology market in the near future. Biofuels are a form of renewable energy derived from biological sources. The most commonly used biofuels, including biodiesel, biogas, and others, are obtained from organic waste products and corn-derived ethanol. The global demand for biofuels is escalating, and they can be sustainably synthesized using living organisms or their enzymes under the umbrella of white biotechnology. For example, a report from the France-based International Energy Agency (IEA) in December 2022 projected that the production of biodiesel would increase from 45.7 billion liters in 2021 to 47.4 billion liters in 2022. Moreover, the production of ethanol soared to 114 billion liters in 2022. Thus, this growing demand for biofuels is propelling the development of the white biotechnology market.
What key areas define 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 are the top market players propelling the growth of the white biotechnology industry?
Major companies operating in the white biotechnology market 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., 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 key trends shaping the future of the white biotechnology market?
The emergence of technological enhancements has been identified as a significant trend gaining traction in the white biotechnology market. The use of novel and sophisticated technology platforms like co-polymer and precise platforms, which rely on biotech applications, are instrumental in uncovering extraordinary products. To maintain their market standing, major corporations in the white biotechnology market are focusing on such groundbreaking discoveries. For example, International Flavors & Fragrances Inc., a firm based in the United States that manufactures fragrance, flavors, and cosmetics actives, introduced Designed Enzymatic Biomaterials (DEB) technology in June 2023. This Biomaterials technology platform allows for the creation of sustainable biopolymers. It lets manufacturers adjust to fluctuating market demands and legislative updates by replacing traditional synthetic polymers derived from non-renewable resources. Using the DEB technology platform, researchers can directly inject the characteristics of petroleum-based polymers into biopolymer materials, finely-tuning polysaccharides and enhancing their long-term effectiveness in chosen applications.
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What regions are dominating the white biotechnology market growth?
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.
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