The White Biotechnology Market Size was valued at USD 445.34 billion in 2023, and is expected to reach USD 975.65 billion by 2031 and grow at a CAGR of 10.3% over the forecast period 2024-2031.
White biotechnology is gaining traction across industries due to its eco-friendly benefits and cost-effectiveness. Unlike traditional fossil fuel-based processes, white biotechnology boasts several advantages like lower production costs, fewer steps, reduced energy consumption, less waste generation, and independence from volatile oil and crop prices. These factors are expected to significantly propel market growth.
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Furthermore, white biotechnology utilizes microorganisms and natural processes to create products previously limited in use. Nowaday, various industries are embracing these products to meet stricter environmental regulations, opening new avenues for white biotechnology in the coming years. This shift suggests a future where white biotechnology plays a much larger role in diverse industries.
Rising Green Product Demand
Consumers are increasingly seeking eco-friendly alternatives, and white biotechnology provides solutions like bioplastics and biofuels that align perfectly with this shift. This creates a larger market for white biotech products.
As governments enact policies and provide funding to promote white biotechnology, research and development in this field are accelerated.
Consumer Preference for Familiar Options
People can be hesitant to embrace new food options or unfamiliar biofuels. Traditional meals and established fuel sources offer a sense of comfort and predictability, potentially slowing down widespread adoption of white biotech alternatives.
Traditional foods and fuels are often ingrained in cultural practices and routines.
Increased investment in white biotechnology is likely to accelerate the development and production of biofuels.
The future of sustainable energy looks brighter with the increasing investment in white biotechnology. This surge in funding is expected to act as a catalyst, accelerating the development and production of biofuels. Biofuels, derived from organic materials like plants or algae, offer a cleaner alternative to traditional fossil fuels. With increased research and development fueled by investment, white biotechnology holds the potential to create more efficient biofuel production processes.
The ability of microorganisms to create nanomaterials presents a groundbreaking opportunity for white biotechnology.
Developing and scaling up white biotechnology processes for large-scale production can be expensive and time-consuming.
A key hurdle for white biotechnology is scaling up and making these processes work efficiently and affordably for large-scale production requires significant investment and time, hindering wider adoption.
Optimizing bio-based processes and engineering efficient microorganisms for specific applications require significant scientific advancements.
IMPACT OF RUSSIA UKRAINE WAR
The Russia Ukraine war disturbed the bio-based industry, creating the difficulty into the supply chain for sunflower oil, a key ingredient for biodiesel. Ukraine is a major exporter of sunflower oil, and the war has hampered production and export, leading to higher prices and potential shortages of biodiesel this disruption could lead to gaps in biodiesel availability, prompting concerns about energy security and pushing countries to find more reliable alternatives.
The war has also exposed Europe's dependence on Russian fossil fuels this vulnerability might push for more investment in bioenergy, a more secure and sustainable alternative. Food and feed where wheat, barley, and corn from Russia and Ukraine are crucial ingredients, and the war is driving their prices up, impacting the cost of these additives. On top of that, transportation and harvesting disruptions could lead to shortages. The situation isn't any better for medications as Ukraine is a significant producer of some pharmaceutical ingredients, and the war threatens shortages and delays in getting medications manufactured. Even everyday products like personal care and household items could become pricier. Russia and Ukraine are also suppliers of raw materials for these products, and the war might inflate their costs. Companies might even have to reformulate them to find new ingredients, potentially affecting what's on store shelves.
Economic slowdown lowers overall energy demand, potentially dampening biofuel consumption as transportation and industrial activities decline. However, rising fossil fuel prices during a slowdown could make bioenergy a more attractive alternative. The food and feed additives sector might see a shift towards essential products. Consumers on lesser budgets could prioritize cheaper food options, impacting demand for specialty additives. But essential additives critical for food preservation or nutrition are likely to maintain steady demand. Healthcare spending often remains stable during downturns, so the demand for essential medications and their bio-based ingredients might not be significantly affected. However, research and development for new drugs could face budget cuts. Similarly, personal care could see a shift towards essentials as people might prioritize basic items over cosmetics, potentially impacting the demand for bio-based ingredients used in non-essential products. Investment in emerging areas like bioplastics and industrial enzymes might also slow down as companies become more cautious. However, government support for sustainable alternatives could help mitigate this impact.
Biofuels
Biomaterials
Biochemicals
Industrial enzymes
The bio-based product market is a growing field with three main sectors as biofuels, biochemicals, and biopolymers. Biofuels, like bioethanol and biodiesel, are currently dominating, due to white biotechnology. Biodiesel's air-cleaning properties are driving its use in cars, especially in the US and Europe. The rise of the auto industry, particularly in Germany, is also fueling demand for bioethanol, used both as a fuel and a gasoline octane booster. Meanwhile, the shift towards a bio-economy is pushing the biochemical market forward. With less reliance on fossil fuels and advancements in bio-based polymers, biochemicals are finding uses in everything from cosmetics to textiles.
Bioenergy
Food & feed additives
Pharmaceutical ingredients
Personal care & household products
Others
Bioenergy is dominate with a market topping $80 billion in 2023. Developed countries are pouring money into clean energy using white biotech to meet growing demands and ditch oil imports this focus on clean energy bodes well for white biotech's future.
Beyond medicine and energy, white biotech is making a splash in food and feed additives. Its enzymes and materials are gaining popularity due to their superior performance and compatibility with living things is expected to continue, giving white biotech a bigger role in food additives.
The white biotechnology market is dominated by North America, which held over 35% of the market share in 2023 this leadership stems from two key factors such as strong government funding for research and development in white biotechnology, and a growing consumer preference for eco-friendly products and chemicals.
Europe is another region experiencing significant growth, particularly in the biochemicals segment this is fueled by a thriving chemical industry with a high demand for high-performance chemicals derived from renewable resources. Additionally, Europe's increasing use of biomass as a feedstock for biofuels, biopolymers, and biochemicals offers an environmentally friendly alternative to traditional petroleum sources and reduces reliance on imported fuels.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of the major key players of the White Biotechnology Market are as follows Global Bioenergies, Borregaard, Codexis, Deinove, Solazyme, Evolva, Fermentalg, Gevo, Amyris, Metabolic Explorer, BioAmber and Other Players.
In March 2024, Novozymes announced a partnership with a major textile company to develop enzyme-based solutions for more sustainable textile dyeing processes. This demonstrates white biotechnology's potential in reducing environmental impact in the textile industry.
In January 2024, LanzaTech secured significant funding to scale up its production of sustainable ethanol using captured carbon emissions. This showcases the potential of white biotechnology in tackling climate change through carbon capture and utilization (CCU).
March 2023: Danisco Animal Nutrition introduced AXTRA Prime, an enzyme blend designed to improve gut health, nutrient digestion, and overall performance in pigs. This signifies advancements in white biotechnology for the animal feed industry.
December 2021: BASF Venture Capital's investment in Bota Biosciences highlights the growing interest in utilizing biotechnology for sustainable and cost-effective production of high-value chemicals across various sectors, including sweeteners, vitamins, personal care products, and crop protection.
June 2021: Eucodis' expansion of its CalBcollection with new enzyme variants demonstrates ongoing innovation in enzyme development for diverse applications in organic solvents, aqueous environments, and even retaining the wild-Product form's properties. This signifies progress in enzyme engineering, a crucial aspect of white biotechnology.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 445.34 Billion |
| Market Size by 2031 | US$ 975.65 Billion |
| CAGR | CAGR of 10.3% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Biomaterials, Biochemicals, Biofuels, Industrial Enzymes) • By Application (Chemicals, Food and Beverages, Pharmaceuticals, Feed) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Global Bioenergies, Borregaard, Codexis, Deinove, Solazyme, Evolva, Fermentalg, Gevo, Amyris, Metabolic Explorer, BioAmber |
| DRIVERS |
|
| RESTRAINTS |
|
Ans: The White Biotechnology Market Size was valued at USD 445.34 billion in 2023.
Ans: The White Biotechnology Market is to grow at a CAGR of 10.3% over the forecast period 2024-2031.
With the greatest revenue share, North America dominated the overall White Biotechnology market.
Yes, this report covers qualitative and quantitative analysis.
White Biotechnology market is divided in two segments and they are by type, and by application.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. White Biotechnology Market Segmentation, By Product
9.1 Introduction
9.2 Trend Analysis
9.3 Biofuels
9.4 Biomaterials
9.5 Biochemicals
9.6 Industrial enzymes
10. White Biotechnology Market Segmentation, By Application
10.1 Introduction
10.2 Trend Analysis
10.3 Bioenergy
10.4 Food & feed additives
10.5 Pharmaceutical ingredients
10.6 Personal care & household products
10.7 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America White Biotechnology Market Segmentation, by Country
11.2.3 North America White Biotechnology Market Segmentation, By Product
11.2.4 North America White Biotechnology Market Segmentation, By Application
11.2.5 USA
11.2.5.1 USA White Biotechnology Market Segmentation, By Product
11.2.5.2 USA White Biotechnology Market Segmentation, By Application
11.2.6 Canada
11.2.6.1 Canada White Biotechnology Market Segmentation, By Product
11.2.6.2 Canada White Biotechnology Market Segmentation, By Application
11.2.7 Mexico
11.2.7.1 Mexico White Biotechnology Market Segmentation, By Product
11.2.7.2 Mexico White Biotechnology Market Segmentation, By Application
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe White Biotechnology Market Segmentation, by Country
11.3.2.2 Eastern Europe White Biotechnology Market Segmentation, By Product
11.3.2.3 Eastern Europe White Biotechnology Market Segmentation, By Application
11.3.2.4 Poland
11.3.2.4.1 Poland White Biotechnology Market Segmentation, By Product
11.3.2.4.2 Poland White Biotechnology Market Segmentation, By Application
11.3.2.5 Romania
11.3.2.5.1 Romania White Biotechnology Market Segmentation, By Product
11.3.2.5.2 Romania White Biotechnology Market Segmentation, By Application
11.3.2.6 Hungary
11.3.2.6.1 Hungary White Biotechnology Market Segmentation, By Product
11.3.2.6.2 Hungary White Biotechnology Market Segmentation, By Application
11.3.2.7 Turkey
11.3.2.7.1 Turkey White Biotechnology Market Segmentation, By Product
11.3.2.7.2 Turkey White Biotechnology Market Segmentation, By Application
11.3.2.8 Rest of Eastern Europe
11.3.2.8.1 Rest of Eastern Europe White Biotechnology Market Segmentation, By Product
11.3.2.8.2 Rest of Eastern Europe White Biotechnology Market Segmentation, By Application
11.3.3 Western Europe
11.3.3.1 Western Europe White Biotechnology Market Segmentation, by Country
11.3.3.2 Western Europe White Biotechnology Market Segmentation, By Product
11.3.3.3 Western Europe White Biotechnology Market Segmentation, By Application
11.3.3.4 Germany
11.3.3.4.1 Germany White Biotechnology Market Segmentation, By Product
11.3.3.4.2 Germany White Biotechnology Market Segmentation, By Application
11.3.3.5 France
11.3.3.5.1 France White Biotechnology Market Segmentation, By Product
11.3.3.5.2 France White Biotechnology Market Segmentation, By Application
11.3.3.6 UK
11.3.3.6.1 UK White Biotechnology Market Segmentation, By Product
11.3.3.6.2 UK White Biotechnology Market Segmentation, By Application
11.3.3.7 Italy
11.3.3.7.1 Italy White Biotechnology Market Segmentation, By Product
11.3.3.7.2 Italy White Biotechnology Market Segmentation, By Application
11.3.3.8 Spain
11.3.3.8.1 Spain White Biotechnology Market Segmentation, By Product
11.3.3.8.2 Spain White Biotechnology Market Segmentation, By Application
11.3.3.9 Netherlands
11.3.3.9.1 Netherlands White Biotechnology Market Segmentation, By Product
11.3.3.9.2 Netherlands White Biotechnology Market Segmentation, By Application
11.3.3.10 Switzerland
11.3.3.10.1 Switzerland White Biotechnology Market Segmentation, By Product
11.3.3.10.2 Switzerland White Biotechnology Market Segmentation, By Application
11.3.3.11 Austria
11.3.3.11.1 Austria White Biotechnology Market Segmentation, By Product
11.3.3.11.2 Austria White Biotechnology Market Segmentation, By Application
11.3.3.12 Rest of Western Europe
11.3.3.12.1 Rest of Western Europe White Biotechnology Market Segmentation, By Product
11.3.2.12.2 Rest of Western Europe White Biotechnology Market Segmentation, By Application
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia Pacific White Biotechnology Market Segmentation, by Country
11.4.3 Asia Pacific White Biotechnology Market Segmentation, By Product
11.4.4 Asia Pacific White Biotechnology Market Segmentation, By Application
11.4.5 China
11.4.5.1 China White Biotechnology Market Segmentation, By Product
11.4.5.2 China White Biotechnology Market Segmentation, By Application
11.4.6 India
11.4.6.1 India White Biotechnology Market Segmentation, By Product
11.4.6.2 India White Biotechnology Market Segmentation, By Application
11.4.7 Japan
11.4.7.1 Japan White Biotechnology Market Segmentation, By Product
11.4.7.2 Japan White Biotechnology Market Segmentation, By Application
11.4.8 South Korea
11.4.8.1 South Korea White Biotechnology Market Segmentation, By Product
11.4.8.2 South Korea White Biotechnology Market Segmentation, By Application
11.4.9 Vietnam
11.4.9.1 Vietnam White Biotechnology Market Segmentation, By Product
11.4.9.2 Vietnam White Biotechnology Market Segmentation, By Application
11.4.10 Singapore
11.4.10.1 Singapore White Biotechnology Market Segmentation, By Product
11.4.10.2 Singapore White Biotechnology Market Segmentation, By Application
11.4.11 Australia
11.4.11.1 Australia White Biotechnology Market Segmentation, By Product
11.4.11.2 Australia White Biotechnology Market Segmentation, By Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific White Biotechnology Market Segmentation, By Product
11.4.12.2 Rest of Asia-Pacific White Biotechnology Market Segmentation, By Application
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East White Biotechnology Market Segmentation, by Country
11.5.2.2 Middle East White Biotechnology Market Segmentation, By Product
11.5.2.3 Middle East White Biotechnology Market Segmentation, By Application
11.5.2.4 UAE
11.5.2.4.1 UAE White Biotechnology Market Segmentation, By Product
11.5.2.4.2 UAE White Biotechnology Market Segmentation, By Application
11.5.2.5 Egypt
11.5.2.5.1 Egypt White Biotechnology Market Segmentation, By Product
11.5.2.5.2 Egypt White Biotechnology Market Segmentation, By Application
11.5.2.6 Saudi Arabia
11.5.2.6.1 Saudi Arabia White Biotechnology Market Segmentation, By Product
11.5.2.6.2 Saudi Arabia White Biotechnology Market Segmentation, By Application
11.5.2.7 Qatar
11.5.2.7.1 Qatar White Biotechnology Market Segmentation, By Product
11.5.2.7.2 Qatar White Biotechnology Market Segmentation, By Application
11.5.2.8 Rest of Middle East
11.5.2.8.1 Rest of Middle East White Biotechnology Market Segmentation, By Product
11.5.2.8.2 Rest of Middle East White Biotechnology Market Segmentation, By Application
11.5.3 Africa
11.5.3.1 Africa White Biotechnology Market Segmentation, by Country
11.5.3.2 Africa White Biotechnology Market Segmentation, By Product
11.5.3.3 Africa White Biotechnology Market Segmentation, By Application
11.5.3.4 Nigeria
11.5.3.4.1 Nigeria White Biotechnology Market Segmentation, By Product
11.5.3.4.2 Nigeria White Biotechnology Market Segmentation, By Application
11.5.3.5 South Africa
11.5.3.5.1 South Africa White Biotechnology Market Segmentation, By Product
11.5.3.5.2 South Africa White Biotechnology Market Segmentation, By Application
11.5.3.6 Rest of Africa
11.5.3.6.1 Rest of Africa White Biotechnology Market Segmentation, By Product
11.5.3.6.2 Rest of Africa White Biotechnology Market Segmentation, By Application
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America White Biotechnology Market Segmentation, by Country
11.6.3 Latin America White Biotechnology Market Segmentation, By Product
11.6.4 Latin America White Biotechnology Market Segmentation, By Application
11.6.5 Brazil
11.6.5.1 Brazil White Biotechnology Market Segmentation, By Product
11.6.5.2 Brazil White Biotechnology Market Segmentation, By Application
11.6.6 Argentina
11.6.6.1 Argentina White Biotechnology Market Segmentation, By Product
11.6.6.2 Argentina White Biotechnology Market Segmentation, By Application
11.6.7 Colombia
11.6.7.1 Colombia White Biotechnology Market Segmentation, By Product
11.6.7.2 Colombia White Biotechnology Market Segmentation, By Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America White Biotechnology Market Segmentation, By Product
11.6.8.2 Rest of Latin America White Biotechnology Market Segmentation, By Application
12. Company Profiles
12.1 Global Bioenergies
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Borregaard
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Codexis
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Deinove
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Solazyme
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Evolva
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Fermentalg
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Gevo
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Amyris
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Metabolic Explorer
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 BioAmber
12.11.1 Company Overview
12.11.2 Financial
12.11.3 Products/ Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. USE Cases and Best Practices
15. Conclusion
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