The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s white biotechnology market report forecasts the white biotechnology market size to grow to $555.54 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

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White Biotechnology Market Size Forecast
The global white biotechnology market is expected to grow from $347.59 billion in 2022 to $385.13 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The white biotechnology market size is expected to grow to $555.54 billion in 2027 at a CAGR of 9.5%.

North America held the largest white biotechnology market share.

Key White Biotechnology Market Driver ­– Increase In Demand For Biofuels
For instance, in November 2020, according to a report shared by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, by 2022, 45 billion litres of biodiesel will be produced worldwide, up from 37 billion in 2020. On the other hand, the amount of ethanol produced has gone up from 98 billion to 114 billion litres in 2022. Therefore, increasing demand for biofuels is driving the growth of the white biotechnology market.

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Key White Biotechnology Market Trend – Technological Advancement
The market has witnessed the use of new and advanced technologies platform such as co-polymer and precise platform which are based on biotechnological applications and aiding in discovering remarkable items. Major companies operating in the white biotechnology market are focused on such discoveries to sustain their position in the market. For instance, in June 2020, Evonik Industries, a Germany-based specialty chemicals company, launched RESOMER® Precise. It is a customized functional excipient platform that allows researchers to precisely tailor the release profile of parenteral medicinal solutions. It is compatible with more than 20 high and low molecular weight polymers.

White Biotechnology Market Segment
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

White Biotechnology Market Major Players and Strategies
Major players in the white biotechnology market are Novozyme, Koninklijke DSM N.V., BASF SE, Henkel AG, Du Pont Danisco, Amyris, Henkel AG & Co. KGaA, Koninklijke DSM N.V., Kaneka Corporation, Biosphere, Fujifilm Holdings Corporation, General Electric Company, Solazyme, Bayer, Evonik, and Evolva.

In March 2022, Kerry Group plc (Kerry), an Ireland-based public food company, acquired 92% of the issued share capital of c-Lecta for $134.8 million (€ 137M). With this acquisition, Kerry’s innovative capabilities in enzyme engineering, fermentation, and bioprocess development will be accelerated. Furthermore, this acquisition will strengthen Kerry’s commitment to investing in developing innovative sustainable technologies at the heart of future sustainable food and health systems. c-Lecta is a Germany-based biotechnology company specializing in creating, producing, and distributing enzyme products.

The White Biotechnology Global Market Report 2023 covers regional data on white biotechnology market size, white biotechnology market trends and drivers, opportunities, strategies, and white biotechnology market competitor analysis. The countries covered in the white biotechnology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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.

View More Reports Related To The White Biotechnology Market –
Biotechnology Services Global Market Report 2023
White Goods Global Market Report 2023
Biotechnology Reagents Market Report 2023

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