White Biotechnology Market to Grow with a CAGR of 8.77% through 2029
Surge in research and development activities is expected to drive the Global
White Biotechnology Market growth in the forecast period, 2025-2029.
According to TechSci Research report, “White
Biotechnology Market - Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2029F”, the Global White Biotechnology Market
stood at USD 200.48 Billion in 2023 and is anticipated to grow with a CAGR of 8.77%
through 2029. Initiatives taken by government based on white biotechnology has
led to favorable market conditions for the Global White Biotechnology Market.
Several factors contribute to the growth of various white biotechnology products.
Governments allocate substantial funding to support
research and development (R&D) in white biotechnology through grants,
subsidies, and collaborative research programs. Funding agencies such as the
National Science Foundation (NSF) in the United States, Horizon Europe in the
European Union, and the Biotechnology and Biological Sciences Research Council
(BBSRC) in the UK provide financial support to universities, research
institutions, and biotech companies. These investments enable scientists to
explore novel bioprocessing technologies, optimize microbial strains, and
develop sustainable bioproducts. Government regulatory bodies play a critical role in
establishing standards and guidelines that promote the safe and responsible use
of biotechnological innovations.
Agencies such as the Environmental Protection Agency
(EPA) in the US and the European Chemicals Agency (ECHA) in the EU ensure
compliance with environmental, health, and safety regulations for biobased
products and processes. Clear regulatory frameworks facilitate market entry for
biotech companies, streamline approval processes, and provide certainty for
investors. Governments incentivize innovation and commercialization in white
biotechnology through tax credits, patent protection, and public-private
partnerships. Tax incentives encourage private sector investment in biotech
startups and scale-up companies, fostering a vibrant ecosystem of
entrepreneurship and technological innovation. Public-private partnerships
facilitate collaboration between academia, industry, and government to
accelerate the translation of R&D discoveries into market-ready bioproducts
and processes.
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One of the primary drivers behind this surge is the
increasing demand for sustainable and eco-friendly alternatives to traditional
chemical processes. Biotechnological innovations enable the production of
bio-based chemicals, enzymes, and materials from renewable biomass sources,
reducing reliance on fossil fuels and minimizing environmental impact. This
shift towards greener technologies is propelled by regulatory pressures,
consumer preferences for sustainable products, and corporate sustainability
goals, fostering a conducive environment for R&D investment in white
biotechnology.
Collaborations between academic institutions, research
organizations, and private sectors play a crucial role in advancing R&D
initiatives in white biotechnology. Joint efforts focus on developing novel
biocatalysts, optimizing bioprocessing techniques, and exploring new
applications for biobased products. These partnerships facilitate knowledge
exchange, mitigate technological risks, and accelerate the commercialization of
innovative biotechnological solutions.
The Global White Biotechnology Market is segmented
into product, application, regional distribution, and company.
Based on Product, Biochemicals have
emerged as the dominating segment in the Global White Biotechnology Market in
2023. Biochemicals find extensive use in various industries due to their
versatility and sustainable attributes. In pharmaceuticals, bio-based
intermediates and active pharmaceutical ingredients (APIs) offer safer and more
environmentally friendly alternatives to traditional chemical synthesis
methods. In cosmetics, natural ingredients derived from biotechnological
processes appeal to consumers seeking organic and eco-friendly products. Agricultural
applications include biopesticides, biostimulants, and soil conditioners
derived from microbial fermentation or enzymatic processes, promoting
sustainable agriculture practices.
The
environmental advantages of biochemicals contribute significantly to their
market dominance. Biochemical production typically involves renewable
feedstocks such as agricultural residues, algae, and waste materials, reducing
reliance on fossil fuels and mitigating greenhouse gas emissions.
Biotechnological processes consume less energy, generate fewer toxic
by-products, and often operate under milder conditions compared to conventional
chemical synthesis, aligning with global sustainability goals and regulatory
mandates.
Based on Region, Asia Pacific have emerged as the fastest
growing region in the Global White Biotechnology Market in 2023. One of the
primary drivers of Asia Pacific's growth in the white biotechnology market is
its robust economic expansion and industrial development. Countries such as
China, India, Japan, and South Korea are witnessing rapid industrialization,
urbanization, and infrastructure development. This economic growth creates
demand for sustainable technologies and solutions across various sectors,
including pharmaceuticals, chemicals, agriculture, and energy, where white
biotechnology plays a crucial role.
Governments across Asia Pacific are actively promoting
sustainable development and environmental conservation through supportive
policies and regulatory frameworks. Initiatives such as incentives for
renewable energy, carbon reduction targets, and subsidies for biobased products
encourage investments in white biotechnology. Clear regulatory guidelines
facilitate market entry and compliance, fostering a conducive environment for
innovation and growth in the biotechnology sector.
Increasing awareness among consumers, businesses, and
policymakers about environmental sustainability and the impact of traditional
manufacturing processes is driving demand for biobased and eco-friendly
alternatives. Biotechnological solutions offer advantages such as reduced
carbon footprint, lower energy consumption, and enhanced product safety
compared to conventional methods. This shift towards sustainability aligns with
global trends and positions Asia Pacific as a key market for biobased
innovations.
Major companies operating in Global White
Biotechnology Market are:
- Novozymes
A/S
- Kaneka
Corporation
- AngelYeast
Co., Ltd.
- Koninklijke
DSM N.V.
- Akzo
Nobel N.V.
- BASF
SE
- Henkel
AG & Co. KGaA
- Mitsubishi
Corporation
- DuPont
de Nemours, Inc.
- Amyris,
Inc.
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“Nanotechnology allows for the creation and
manufacturing of intelligent delivery systems for biobased products and
pharmaceutical ingredients. Nanocarriers can enclose active compounds, such as
drugs, vitamins, and enzymes, enabling precise delivery and gradual release
within biological systems. This accuracy improves the effectiveness of treatments
and mitigates unwanted side effects, bolstering applications in personalized
medicine and drug delivery”, said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based management consulting firm.
“White Biotechnology Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Biofuels, Biochemicals, Biopolymers), By Application (Bioenergy, Food & feed Additives, Pharmaceutical Ingredients, Personal Care & Household Products, Others), By Region and Competition, 2019-2029F”, has evaluated the future growth
potential of Global White Biotechnology Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global White Biotechnology Market.
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