The global white biotechnology market is projected to reach USD 560.9 billion in 2028 with a CAGR of 10.1% during the forecast period. Increasing awareness and acceptance of eco-friendly technologies in several industries is anticipated to expand the global white biotechnology market size. Use of developing technologies across the world in several industries, on account of benefits of raw material usage, less waste generation, reduced cost of manufacturing, effective methods of production, new chains of eco-friendly raw material are estimated to boost the growth of white biotechnology industry.
Adroit Market Research report on global white biotechnology market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities, and challenges. The market has been studied for the period 2018 to 2028, with the base year of estimation as 2019 and forecast from 2020 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market competition with Porter's five forces analysis and company positioning based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global white biotechnology market have been studied in detail.
North America currently holds the largest share in white biotechnology market owing to the presence of significant number of major players across the region along with growing investments by the established firms. However, Asia Pacific is going to record growth at a faster pace on account of growing geriatric population especially across emerging economies such as India, China, and Japan in particular. Furthermore, the market growth across the Asia Pacific region is attributed to rising government focus on development of advanced healthcare facilities for the growing population.
The prominent players operating in global white biotechnology market includes Novozyme, Kaneka Corporation, Biosphere, DSM, AkzoNobel, BASF SE, Henkel AG, Du Pont Danisco, Solazyme, Amyris among other prominent players.
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