The global white biotechnology market was valued at USD 237.8 billion in 2019 and is expected to grow at a CAGR of 10.1% over the forecast period from 2020 to 2028. Rising adoption of enzyme technology plays a major role in the development of white biotechnology market. Usage of enzyme technology in industries is increasing and driving the demand for white biotechnology industry. During the manufacturing process of enzymes, it includes the recombinant expression in organisms such as yeast and bacteria recovery, formulation and fermentation. Nowadays, enzyme technology accepted instead of chemical technology will substantially propel the global white biotechnology market growth.
In past years, environment-related advantages associated with using products of white biotechnology has increased focus on development from government authorities as well as industries. Government is in the process of providing a significant budget for implementing white biotechnology in industry. Strict rules for emission are also convincing industries to accept white biotechnology across the world. These factors will play a major role in the development of the global white biotechnology industry over the forecast period.
The global white biotechnology market is categorized based on product, and application. Region wise, North America was the largest market in 2019; however, Asia Pacific is expected to be the fastest growing region by 2028, with a CAGR of over 10%.
Key players serving the global white biotechnology market include Novozyme, Kaneka Corporation, Biosphere, DSM, AkzoNobel, BASF SE, Henkel AG, Du Pont Danisco, Solazyme, Amyris among other prominent players.
White Biotechnology Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 560.9 billion|
|Growth Rate||CAGR of 10.1 % during 2021-2028|
|Segment Covered||Product, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Novozyme, Kaneka Corporation, Biosphere, DSM, AkzoNobel, BASF SE, Henkel AG, Du Pont Danisco, Solazyme|
Key segments of the global white biotechnology market
Product Overview, 2018-2028 (USD Billion)
- Industrial Enzymes
Application Overview, 2018-2028 (USD Billion)
- Food & feed additives
- Pharmaceutical ingredients
- Personal care & household products
Regional Overview, 2018-2028 (USD Billion)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East and Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global White Biotechnology industry
- The overall segmentation of white biotechnology market, especially key segments are thoroughly studied.
- Presence of major players and their wide product portfolio across developed countries is anticipated to further boost the growth of white biotechnology market
What does the report include?
- The study on the global white biotechnology market includes analysis of qualitative market indicators such as drivers, restraints, challenges and opportunities
- Additionally, the market competition has been evaluated using the Porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of applications, product, technology and end user. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the considered segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global white biotechnology market is suitable for all the players across the value chain including raw material suppliers, White Biotechnology providers, pharmaceutical manufacturers, distributors, suppliers and retailers
- Venture capitalists and investors looking for more information on the future outlook of the global white biotechnology market
Consultants, analysts, researchers, and academicians looking for insights shaping the global white biotechnology market
Frequently Asked Questions (FAQ) :
White biotechnology enzymes find large scope of applications in food & beverage industry. Starting from making bakery products such as breads to brewing beers, various kind of enzymes are being used and the trend is likely to continuous as the consumption of these foods is increasing. Though some countries have reduced bread consumption, but the ASEAN countries adopting western cuisine have increased production as well as consumption of bread products in past few years. Amylase is the most widely used enzyme in bakery industry as it converts starch to oligosaccharides, dextrins and sugar maltose. Furthermore, protease is also used for gluten breakdown.
The global white biotechnology market has been segmented based on product, and application. The global white biotechnology industry is segmented by product type with Biomaterial, bioproducts, biochemical and biofuel being the main ones present in the market. Researchers have projected that demand for biofuel will remain strong during the forecast period. Biofuels accounted for approximately 40% of revenue in alliance with government rule of combining energy sources involving gasoline and diesel. A large amount of biofuel is produced in European countries. On the basis of application, it is divided into bioenergy, food & feed additives, pharmaceutical ingredients, personal care & household products among others.
Biofuel includes biodiesel and bioethanol. Increasing use of biodiesel in the automotive industry specifically in European countries and the U.S to decrease the level of carbon monoxide is anticipated to increase the demand of white biotechnology industry during the forecast period. Bioethanol is manufactured using white biotechnology. Nowadays, the need from various industries including the consumer goods and automotive to reach the target is projected to scale up the demand for the global white biotechnology industry in the coming years. Initially, it is used as fuel to improve the efficiency of the vehicle. The development of the automotive sector is estimated to increase the demand for white biotechnology market size.
Apart from the chemical industry white biotechnology is also moving towards the textile industry. The environment-friendly application of white biotechnology in the textile industry is wet processing. Enzymes are used for processing of dye since ages. The best example of white biotechnology in wet processing is its application in removing stains from woven fabrics with the help of enzymatic starch. The main advantage of using enzyme is that it is biodegradable and avoids the use of toxic substances and chemicals.
Based on regions, the global white biotechnology market is segmented into North America, Europe, Asia Pacific, South America and Middle East & Africa. Geographically, regions involved in the development of white biotechnology market share are Europe, North America, Latin America, Asia Pacific, and Middle East & Africa. North America is leading the market accounting for a revenue share of approximately 32% of white biotechnology market, followed by Europe. Asia Pacific is a rapidly growing region, owing to the increasing value for sustainable products such as enzymes and biochemical. For biochemical products, China is the prime market which is competing with North America and Europe.