The white biotechnology market is expected to grow at a CAGR of 9%-12%. In this market, biofuels are the largest segment by product, whereas bioenergy are largest by application.
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Based on product, the white biotechnology market is segmented into biofuels, biomaterials, biochemical, and industrial enzymes. The biofuels segment accounted for the largest share of the market in 2020 due to growing demand for biodiesel and bioethanol to improve vehicle efficiency.
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The white biotechnology market is marked by the presence of several big and small players. Some of the prominent players offering white biotechnology include Amyris, BioAmber, Borregaard, Codexis, Deinove, Evolva, Fermentalg, Gevo, Global Bioenergies, Metabolic Explorer, Novozymes, and Solazyme.
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
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