The global size for white biotechnology market reached USD 302.05 billion in 2022, and it is anticipated to attain USD 741.89 billion by 2032, reflecting a compound annual growth rate (CAGR) of 10.5% throughout the forecast period. The surge in demand for sustainable solutions across various industries, such as food and beverage, pharmaceuticals, and agriculture, is expected to drive substantial growth in the white biotechnology market. White biotechnology, also referred to as Industrial Biotechnology, utilizes biological systems like microorganisms, enzymes, and biological catalysts to generate eco-friendly and sustainable bio-based products as alternatives to traditional ones.
A key driver for the increased revenue in the market is the growing demand for bio-based products, which offer several advantages over their traditional counterparts. Consumers, who are increasingly conscious of the environmental impact of their choices, find bio-based products appealing due to their renewability, sustainability, and the absence of contribution to environmental degradation.
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Major Points covered in this report are as below:
An analysis of White Biotechnology industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
This report provides information on the market status of White Biotechnology manufacturers and provides valuable insight into the market for companies and individuals
Market Overview:
In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
DuPont de Nemours, Inc.
BASF SE
Novozymes A/S
Cargill, Inc.
Genencor International, Inc.
DSM
Genomatica, Inc.
Algenol Biofuels, Inc.
Verdezyne, Inc.
Braskem S.A.
Based on Product Type market is segmented into:
Enzymes
Biofuels
Biomaterials
Industrial Chemicals
Others
Based on Application market is segmented into:
Bioenergy
Food & Feed
Pharmaceuticals
Personal Care & Household Products
Others
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Based on Region market is segmented into:
North America
Europe
Asia-Pacific
South America
Middle East & Africa.
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