White Biotechnology Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : May 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global White Biotechnology market size is expected to be worth around US$ 587.08  billion by 2030, according to a new report by Vision Research Reports.

The global White Biotechnology market size was valued at US$ 303.28  billion in 2020 and is anticipated to grow at a CAGR of 20.2% during forecast period 2021 to 2030.

Growth Factors

 Rising awareness and emphasis for the adoption of greener and environment-friendly technologies in various end-use industries is expected to drive the market over the next eight years.

Biofuels accounted for over 35% of the market in terms of revenue on account of rising government regulations to include the product in combination with conventional energy sources including diesel and gasoline. Growing product use in the agricultural sector is likely to drive the demand over the next eight years.

Rising biodiesel demand as a raw material for the manufacturing of resins, and polymers will fuel industry growth over the forecast period. Volatility of crude oil prices is expected to encourage various manufacturers in the market to increase biofuel production over the next eight years which in turn will propel technology demand.

Increasing technology use in the manufacturing of various high-value products such as base chemicals, consumer chemicals and specialty chemicals is expected to positively impact industry growth. In addition, rising concerns regarding depletion of oil reserves and non-degradability of synthetic resources derived from oil are expected to boost the adoption of this technology in various regions particularly North America and Europe.

Report Highlights

The global market has been segmented by products into biofuels, biochemicals, and biopolymers. Biofuels processed from white biotechnology was valued at over 35% of the total revenue in 2020. Biofuel types include bioethanol and biodiesel. Rising use of biodiesel in its pure form in the automotive industry particularly in the U.S. and European countries to reduce the level of particulates, hydrocarbons, and carbon monoxide is expected to fuel demand over the forecast period.

Bioethenol is widely manufactured using white biotechnology. It is primarily used as a fuel to improve vehicle efficiency and as a gasoline additive to improve the octane rating of a vehicle. The growth of the automotive sector primarily in Germany is expected to fuel process need over the forecast period.

Global shift to bio-economy to reduce the production cost and raw material cost was the major driver for the growth of biochemical market. Several chemical manufacturers aim to reduce their dependency on fossil-based oil as principal raw material for chemical production. This, advancement in polymer development technology from biomass has created lucrative opportunities in biochemicals market in the recent past. Biochemicals find extensive commercial application in personal care products, food, coating, textiles, etc.

Pharmaceutical ingredients are expected to be one of the fastest growing applications of white biotechnology at a CAGR of 13.3% from 2016 to 2024. Rising technology use in the manufacturing of biopharmaceuticals particularly antibodies for cancer treatment, which cannot be manufactured via chemical synthesis is expected to fuel demand over the forecast period. In addition, enzymes used in this process enable the production of chiral compounds and other intermediates that are difficult to synthesize such as  Expansion of the pharmaceutical industry, particularly in Europe, is expected to fuel the market over the next eight years.

Bioenergy was the largest application segment estimated at over USD 80 billion in 2020. Continuous efforts by major companies in developed economies including North America and Europe to develop various clean energy sources to meet growing demand and reduce dependency on oil-producing countries in order to reduce the cost of fuel imports is expected to have a positive impact on the white biotechnology process over the forecast period.

Usage of several enzymes and materials obtained from white biotechnology has increased significantly in the production of food and feed additives. Superior performance of white biotechnology derived products coupled with excellent biocompatibility is anticipated to bolster the demand for white biotechnology in food & feed additive application.

North America is currently the largest regional market for this technology, accounting for over 35% of the overall market revenue in 2015. Considerable funds by the government for R&D in the field and rising demand for green products and chemicals from consumers are the key factors that have strengthened North America’s position in the global market.

Enzymes play a key role in ongoing efforts in Europe and the U.S. to exploit and use biomass as a feedstock for production of high-value biofuels, biopolymers, and biochemicals from renewable resources. Rising use of biomass is an effective alternative to petroleum and is expected to have a positive impact on the environment, fuel economic growth, and reduce increased reliance on petroleum imports which in turn is expected to propel the technology demand over the forecast period.

Healthy growth of the chemical industry has driven considerable demand for high performance chemicals obtained from renewable feedstock. This, in turn, has led to augmented demand for biochemical in Europe in the past few years. Biochemical product segment is estimated to be the largest revenue-generating segment of the white biotechnology market in Europe in the next few years, expanding at a CAGR of 8.9% between 2016 and 2024.

Key Players

Amyris, BioAmber, Borregaard, Codexis, Deinove, Evolva, Fermentalg, Gevo, Global Bioenergies, Metabolic Explorer, Novozymes, and Solazyme

Market Segmentation

Global White Biotechnology Product Outlook 

  • Biofuels

  • Biomaterials

  • Biochemicals

  • Industrial enzymes

Global White Biotechnology Application Outlook 

  • Bioenergy

  • Food & Feed Additives

  • Pharmaceutical Ingredients

  • Personal care & Household Products

  • Others

Global White Biotechnology Regional Outlook 

  • North America

    • U.S

  • Europe

    • Germany

    • France

  • Asia Pacific

    • China

    • India

  • Latin America

    • Brazil

  • Middle East and Africa

    • UAE

The White Biotechnology market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of White Biotechnology market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global White Biotechnology market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the White Biotechnology market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted White Biotechnology market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the White Biotechnology capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of White Biotechnology by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global White Biotechnology market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major White Biotechnology market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of White Biotechnology market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the White Biotechnology industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The White Biotechnology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to White Biotechnology market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of White Biotechnology market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new White Biotechnology market. These factors have benefited the growth of the global market for White Biotechnology. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for White Biotechnology. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of White Biotechnology are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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