According to this study, white biotechnology market size to keep up the strong yearly development rate of 8.9% from USD 238.9 Billion in 2017 to 2025. Trust that in the following couple of years, white biotechnology industry showcase size will be extended, we expect that the market size will achieve USD 472.3 billion by the end of 2025. This proposed study provides comprehensive analysis based on industry’s growth potential, market drivers, barriers, future opportunities, key players’ market strategies, and detailed qualitative analysis for industry segments. Additionally, the report likewise covers strategic analyses such as Porter’s five forces, regulatory framework study, PEST analysis, leading companies’ market share (value %), and value chain analysis will also be included which will help you to take strategic decision with respect to this market.
Industrial applications of biotechnology hold many promises for sustainable development. Branch of biotechnology that “uses living cells—from enzymes, yeast, plants, and bacteria to synthesize novel products that offer advantages such as less energy consumption, easily degradable and create less waste during production” is referred as White Biotechnology. The industry is regarded as Applied Biocatalysis, with microorganisms and enzymes, aiming at industrial production from bulk chemicals to food animal feed and food ingredients. Development of this industry is, at present, driven by the growing acceptance of new technology trends such as bioprocess modeling and metabolic modeling. Furthermore, growing awareness regarding environmental and functional benefits of using biofuel is predicted to be the major driver for the market growth. However, end-users in developing and undeveloped regions are less aware of the functional benefits of white biotechnology-based products and the harmful effects of greenhouse gas emission related to non-bio-based products. Such factors would, in turn, pull back the industry growth to some extent.
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Key Takeaways:
1. In terms of products, biofuel captured significant revenue share in 2017 owing to the associated advantages such as reduction in greenhouse gas emission, biodegradability, low level of pollutant release, performance efficiency and less toxicity
2. Algae is used as a key source to extract a variety of biofuels suitable for different industrial applications. First generation biofuels are conventionally extracted from maize, sugar, plant oils, and starch, which include ethanol, biodiesel, biogas, syngas, and biofuel gasoline etc.
3. Whereas, solid biofuels primarily include biochar and pellet fuel, and gas biofuels comprise syngas, biogas, and bio propane.
4. Whereas, increasing demand to reduce the industrial production cost and the raw material cost is the major driving factor for the growth of the biochemical market. These products find extensive commercial application in personal care products, food, coating, textiles etc.
5. This industry is already bringing many innovations in the field of chemical, textile, food, packaging, and healthcare industries. Application wise, pharmaceutical ingredient segment is growing with the fastest growth rate.
6. Pharmaceutical industries are increasingly employing white biotechnology in order to develop active pharmaceutical ingredients (API), antibodies, and other complex biomolecules
7. Europe is considered to be the second largest market of the global white biotechnology industry. Growing environmental awareness in European countries such as France, Germany, UK, Spain, and Italy has generated substantial demand for products obtained using white biotechnology.
8. On the other hand, the presence of crude oil makes it hard for white biotechnology companies to venture into the Middle East and Africa market
9. Key players namely BioAmber, BASF, Codexis, Amyris, Deinove, Evolva, Metabolic Explorer, Novozymes, and Solazyme are profiled extensively
10. BASF launched a project called PRODIAS with a focus on industrial biotechnology to manufacture goods more efficiently. The project is handled by a consortium, which includes other companies and has a contribution of 10 million euros from the European Union.
11. The core of the project is to adopt separation techniques to the needs of white biotechnology products. This gives BASF an edge over the other players.
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Our research study on global white biotechnology market explores:
In-depth Product Analysis of White Biotechnology Market
1. Biomaterials
2. Biofuels
3. Industrial Enzymes
4. Biochemical
In-depth Application Analysis of White Biotechnology Market
1. Food & Feed Additive
2. Bioenergy
3. Pharmaceutical Ingredients
4. Personal Care
5. Household Products
Regional context: White biotechnology market size and trends in
1. North America (U.S. and Canada)
2. Europe (France and Germany)
3. Asia Pacific (India and China)
4. Middle East and Africa
5. Latin America
6. Rest of the World
The competitive Landscape: A detailed analysis of key players based on their market performance, revenue share, expected market strategies over the next 8-10 years. Companies are profiled in this report with special attention on competitive landscape includes, (can be further customized to include additional 10 profiles of companies):
1. BioAmber
2. Amyris
3. BASF
4. Codexis
5. Evolva
6. Deinove
7. Novozymes
8. Metabolic Explorer
9. Solazyme
USP of our key vendor analysis:
1. Well-designed strategic framework design for these key players will help to understand the market movement including regional expansion, mergers & acquisitions, and new product developments
2. Thorough SWOT i.e. Strength, Weakness, Opportunities and Threat for individual company profiling is analyzed in order to present a detailed market opportunity assessment.
Key benefits of the report:
- The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
- A thorough analysis of relevant statistical data to estimate the market paradigms
- Exceptional understanding of region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
- Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments
Research Methodology:
- Preliminary Data Mining: Secondary Research, Paid Databases, Primary Research
- Data Synthesis & Analysis: Top-Down Approach, Bottom-Up Approach, Supply Side and Demand Side
- Market Formulation: Market Dynamics, Total Addressable Market and Machine Learning Technique
- Data Verification: Quality Assurance and Reach a Conclusion
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