Global White Biotech Market Size, Share, Opportunities, And Trends By Type (Biofuels, Biomaterials, Biochemical Industrial Enzymes), By Application (Bioenergy, Pharmaceuticals, Food and Beverages, Feed, Others), And By Geography - Forecasts From 2023 To 2028

The white biotech market is projected to show steady growth during the forecast period.

White biotechnology, also known as industrial biotechnology or white biotech, is a branch of biotechnology that uses microorganisms, plant cells like yeast, moulds, bacteria, and plants, and enzymes for the production of sustainable and eco-friendly products. It includes a variety of applications, such as biofuels, bioplastics, pharmaceuticals, fine chemicals, and enzymes for industrial processes. It is proven to be sustainable, environmentally friendly and biodegradable because of its uses.

Introduction:

Biotechnology is categorized based on different colours; Red (Medicine), Green (Genetic modification of microorganisms for plants, crops and animals), Blue (aquatic organism biotech), White, and Yellow (Insect biotech). White biotech is a broad term that defines the use of microorganisms, plant cells and enzymes to produce a variety of products. It is claimed that these items take less energy, produce less waste during production, and are readily biodegradable. 

The foundation of white biotechnology is primarily found in biocatalysts and fermentation technology. In a closed environment, a variety of goods are made through the cultivation of genetically changed or non-GM micro-organisms like yeast, fungi, and bacteria, or cell lines of animal or human origin.  White biotechnology is used for a variety of productions such as biofuel, vaccines, bioremediation, pest-resistant crops, environmental engineers, cheese production, alcoholic drinks, biodefense and public safety, and forensic science - DNA fingerprinting.

Drivers:

• Reduction of Carbon Footprint: The increase in carbon emissions from fossil fuels has reached a record high and because of this, there will be increased demand for eco-friendly products. As of December 5, 2023, it is recorded that the world’s emissions of CO2 will exceed 40 billion tons, of which 37 billion are from fossil fuels. Because of this, biotechnology will experience an increase in growth with more focus on the creation of eco-friendly solutions for global carbon footprint reduction.
• Government regulations and initiatives: With the government focusing on improving the bioeconomy through investments and initiatives, it is expected that the white biotechnology market to grow along with the rest of the biotechnology market. As per Invest India, India’s focus on biotechnology can strengthen the growth of biotechnology as they have a strong capability of contract manufacturing, research and clinical trials, and the government has projected to reach $150 billion by 2025 and $300 billion by 2030 because it is home to most US FDA-approved plants worldwide.
• Advancements in biotechnology: The era of advanced technology is approaching at an unprecedented speed and with more advancements in biotechnology, the growth of white biotechnology will only increase. As of May 25, 2023, a procedure that modifies, removes, or adds DNA to an organism and changes its genetic structure has been verified by EFSA's scientific experts. This can provide an improvement in white biotechnology as well, since white biotechnology focuses on the genetic modification of microorganisms and plant cells.

Key Players:

• Novozymes A/S (Denmark): One of the global biotechnology leaders that focuses on research, development and production of industrial enzymes, microorganisms and biopharmaceutical ingredients.
• BASF SE (Germany): A European multinational company that is one of the largest chemical producers in the world.
• Dupont de Nemours, Inc. (US): An American multinational company that had a major role in the development of Delaware and was a major supplier of gunpowder.

Regional Analysis:

The Asia Pacific is expected to have the most growth in the forecasted years, 2024 - 2029. The factors for this growth can be the increasing population, increasing demand for sustainable products and strong government initiatives from countries like India. The Asia Pacific is home to around 60% of the world’s population, the majority being in China and India. Mainly of this, the carbon emissions will be difficult to be reduced. As such, on 13 November 2023, The Asia-Pacific Climate Week was held and Malaysia declared to reduce its emissions by 45%. This could directly impact the white biotech and can cause an increase in growth because of the focus on eco-friendly products.

Market Developments:

• 13 November 2023: During the Asia-Pacific Climate Week, Malaysia made a 45% emission reduction pledge. Because of the emphasis on environmentally friendly products, this may have a direct effect on white biotech and lead to increased growth.
• 25 May 2023: The scientific experts at EFSA have verified a procedure that modifies, removes, or adds DNA to change an organism's genetic structure. Given that white biotechnology is concerned with genetically modifying microbes and plant cells, this may also help white biotechnology.

Segmentation:

• By Type
  • Biofuels
  • Biomaterials
  • Biochemical Industrial Enzymes
• By Application
  • Bioenergy
  • Pharmaceuticals
  • Food and Beverages
  • Feed
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others

1.  INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. WHITE BIOTECH MARKET, BY TYPE

5.1. Introduction

5.2. Biofuels

5.3.  Biomaterials

5.4. BiochemicalIndustrial Enzymes 

6. WHITE BIOTECH MARKET, BY APPLICATION

6.1. Introduction

6.2.  Bioenergy

6.3. Pharmaceuticals

6.4. Food and Beverages

6.5. Feed

6.6. Other Applications 

7. WHITE BIOTECH MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Spain

7.4.5. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Israel

7.5.4. Others

7.6. Asia Pacific

7.6.1. Japan

7.6.2. China

7.6.3. India

7.6.4. South Korea

7.6.5. Indonesia

7.6.6. Thailand

7.6.7. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

9. COMPANY PROFILES

9.1. Cargill Incorporated 

9.2. EUCODIS Bioscience GmbH

9.3. Dupont De Nemours Inc. 

9.4. Koninklijke DSM NV

9.5.  BASF SE

9.6.  Evonik Industries AG

9.7. Lonza Group Ltd

9.8.  Laurus Labs

9.9.  Corbion NV

9.10. Novozymes

9.11. Archer Daniels Midland Company

Cargill Incorporated

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