White Biotechnology Market Research Report 2024 With SWOT Analysis | EUCODIS Bioscience GmbH, Dupont De Nemours Inc

The market is projected to experience substantial expansion throughout the forecast period driven by elements such as an increasing emphasis on the creation of renewable fuels and chemicals, heightened demand for bio-based products, and a rising requirement for sustainable production methods. Government programs that encourage sustainable development and the adoption of environmentally friendly technologies can stimulate market expansion. The implementation of creative and energy-saving bioprocesses can enhance the demand for white biotechnology. Ongoing investments in research and development of innovative products can provide opportunities for manufacturers shortly. Nonetheless, significant capital needed to establish production facilities and the absence of standardized regulatory guidelines can hinder market expansion.

The global White Biotechnology Market size is worth around USD 252.93 Billion in 2024 and is anticipated to reach around USD 397.70 billion by 2032, growing at a CAGR of 4.64% over the forecast period 2024 to 2032.

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White Biotechnology Market Driving Factors:

A key factor propelling the white biotechnology market is the increasing consumer demand for sustainable products. The recent worldwide survey on sustainable shopping behaviors, carried out in January 2024, revealed that 80% of consumers globally are prepared to spend more for products that are sustainably made or sourced, with some ready to pay an average premium of 9.7%. This tendency is particularly evident among younger demographics; for instance, over 70% of Gen Z supports environmentally friendly and sustainable agriculture, while about 55% are ready to spend more for these products.

Businesses are developing bio-based solutions to fulfill this need. In the beauty industry, companies are developing sustainable ingredients like animal-free collagen and bioengineered fragrance notes that appeal to consumers seeking effective products that are gentler on the environment. Similarly, startups concentrating on bioplastics are achieving success with renewable items derived from sugarcane and seaweed to substitute conventional plastic products. These advancements indicate a broader trend in which consumers are not just choosing sustainable products but are also prepared to invest in them, thus propelling innovation and expansion in the white biotechnology industry.

Major Players in White Biotechnology Markets are:
EUCODIS Bioscience GmbH, Dupont De Nemours Inc. , Koninklijke DSM NV, BASF SE, Evonik Industries AG, Lonza Group Ltd, Laurus Labs, Corbion NV, Novozymes, Archer Daniels Midland Company, and others.

Industry News:

In June 2024, BASF investigated CO2-neutral bio-based fumarate production with cow stomach bacteria to generate fumaric acid from sugar and CO2. Together with the universities of Saarland, Marburg, and Kaiserslautern, the company heads a joint research project.

In March 2023, Danisco Animal Nutrition introduced AXTRA Prime, an enzyme mixture that promotes gut health, digestion of nutrients, and performance in pigs, which indicates the development of white biotechnology for animal feed.

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Global White Biotechnology Market Segmentation:

By Type
Biofuels
Biomaterials
Biochemicals
Industrial enzymes

By Application
Bioenergy
Pharmaceuticals
Food & Beverages
Feed
Other Applications

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The following areas and countries are covered in the worldwide White Biotechnology Market file:

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)

The North American market in terms of the highest market share of 36% of the white biotechnology market in 2023, is due to North America's ever-leading position in terms of a strong, well-established research and development infrastructure, the presence of strong government support, and high adoption of biotechnology solutions across various industries.

Detailed industry forecast-Brief Introduction to the research report:

Additional information on company participants
Customized reports and analyst assistance are available upon request.
Recent market developments and potential future growth opportunities
Personalized regional/country reports upon request
New data sources are being integrated.
Increased focus on data privacy and security
Increased collaboration and co-creation

Key Features of the White Biotechnology Market Report: -

Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.

Examine the market opportunities for stakeholders by identifying higher growth sections.

To study and analyze the global White Biotechnology Market industry status and forecast including key regions.

An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

It helps you make strategic business decisions and investment plans.
Finally, White Biotechnology Market is a valuable source of guidance for individuals and companies.

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