Global White Biotechnology Market 2017-2021

Global white biotechnology market forecast

Research analysis on the global white biotechnology market identifies that the increasing adoption of enzyme technology will be one of the major factors that will have a positive impact on the growth of the market. The increasing usage of enzyme technology in the industrial process has propel the demand for the market. The enzymes also reduce chemical waste generation and water consumption during the manufacturing process. The increasing adoption of enzyme technology as an alternative to harmful chemicals will subsequently drive the growth of the global white biotechnology market. According to the white biotechnology market analysis, Technavio’s market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.

The increasing usage of white biotechnology in flavor and fragrance industries will be one of the latest trends that will increase white biotechnology market size market during the next four years. The increasing awareness among the consumers about the chemical flavored and fragrance has led to the increasing demand for the natural flavor. White biotechnology produced ingredient naturally which involves traditional techniques which are used to produce products such as yogurt, cheese and bread, such preference from the consumer will propel the market growth.

Competitive landscape and key vendors

Owing to the presence of several global and local vendors in the market, appears highly competitive. The vendors in the market are competing based on the quality, price, and geographical presence. The players in the market are building strong distribution network to widen their geographical reach. The market is also highly dependent on the government support to increase the awareness about white biotechnology will boost the market growth.

The leading vendors in the market are -

• BASF
• Cargill
• DuPont
• Novozymes

The other prominent vendors in the market are Archer Daniels Midland, BioAmber, Borregaard, Codexis, Evolva, Fermentalg, and GEVO.

Segmentation by application and analysis of the white biotechnology market

• Food and feed additives
• Bioenergy

During 2016, the bioenergy segment accounted for the major shares in this market. The increasing usage of bioenergy to generate heat, energy, and electricity for various purposes has led to the increase demand in the market. The increasing awareness about the benefits related to bio energy, for instance, airlines and environmental advocates are looking to use biofuels as an alternative, such demand will propel the market growth.

Geographical segmentation and analysis of the white biotechnology market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. The region comprises of several pharmaceutical companies which uses white biotechnology products to develop new drugs. The increasing prevalence rate of cancer has also led to the increasing growth in the market due to its usage white biotechnology in the drug.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global white biotechnology market?
• What are the key market trends impacting the growth of the global white biotechnology market?
• What are the challenges to market growth?
• Who are the key vendors in the global white biotechnology market?
• What are the market opportunities and threats faced by the vendors in the global white biotechnology market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global white biotechnology market?

Technavio also offers customization on reports based on specific client requirement.