Press release
White Biotechnology Global Market Report 2025: Surging at a 10.1% CAGR to Reach $468.85 Billion
White Biotechnology Market Size
What Is The Projected Market Size Of The Global White Biotechnology Global Market Report 2025 And Its Growth Rate?
Riding on the back of cost competitiveness, reduced dependence on fossil fuels, economic viability and soaring consumer demand, the white biotechnology market is escalated towards rapid growth, almost set to skyrocket to new heights in the coming years.
• Market Worth by 2024: $425.76 billion
• Market Worth by 2025: $468.85 billion (CAGR: 10.1%)
• Expected Market Worth by 2029: $701.22 billion (CAGR: 10.6%)
• Key growth drivers for this period: Consumer preference for sustainable products, global shift towards renewable energy, significant investment in research, and growth funding
• Major trends shaping the forecast period: cost competitiveness, consumer awareness, product innovations and shift towards circular economy.
What Is Driving The Growth In The White Biotechnology Global Market Report 2025?
Surging demand for biofuels is the primary driver propelling the growth in the white biotechnology market. Biofuels, a popular type of renewable energy, are made from biological sources or organic by-products. Furthermore, white biotechnology leverages living organisms or their enzymes for sustainable synthesis of biofuels from renewable sources. For instance, a report shared by the International Energy Agency in December 2022 highlighted a worldwide production of 47.4 billion liters of biodiesel by 2022, up from 45.7 billion in 2021. Thus, the ever-increasing demand for biofuels will continue to fuel the white biotechnology market's growth.
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Who Are the Key Players Driving White Biotechnology Global Market Report 2025 Growth?
• Novozyme A/S
• Koninklijke DSM N.V
• BASF SE
• Du Pont Danisco
• Amyris Inc.
• Henkel AG & Co. KGaA
• Kaneka Corporation
• Biosphere Corporation
• Fujifilm Holdings Corporation
• General Electric Company
• Bayer AG
• Evonik Industries AG
• Evolva Holding
• EUCODIS Bioscience GmbH
• Lonza Group Ltd
• Laurus Labs
• Borregaard ASA
• Codexis Inc
• Deinove SA
• Fermentalg SA
• Gevo Inc
• Global Bioenergies SA
• Metabolic Explorer SA
• Oligomerix Inc
• immatics biotechnologies GmbH
• Neurimmune Therapeutics AG
• AkzoNobel N.V
What Are The Key Trends In The White Biotechnology Global Market Report 2025?
Emerging trends in the market include:
• Techical advancements such as co-polymer and precise platforms
• Cost competitiveness leading to product innovations
• Consumer awareness and preference shifting towards circular economy
• Reduction in greenhouse gas emissions
What Are The Segments Of The Global White Biotechnology Global Market Report 2025?
The white biotechnology market is segmented by:
• Product Type: Biofuels, Biomaterials, Biochemicals, Industrial Enzymes
• Application Type: Bioenergy, Food And Feed Additives, Pharmaceutical Ingredients, Personal Care And Household Products, Other Applications
Which Region Leads The White Biotechnology Global Market Report 2025?
In 2024, North America led the white biotechnology market globally. However, other regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The White Biotechnology Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the White Biotechnology Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the White Biotechnology Global Market Report 2025 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall White Biotechnology Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the White Biotechnology Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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