Global White Biotech Market Growth Analysis 2019-2024 | Anticipating a CAGR of 10.5% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 23, 2019--
The “Global White Biotech Market - Growth, Trends And Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
Global White Biotech Market is forecasted to reach USD 465 billion by 2024 growing at a CAGR of 10.5% during the forecast period (2019-2024).
Major Market Trends
Feed Additive is Growing in the White Biotech Application Market
Demand for livestock products is increasing because of the increasing human population, growth in income and urbanization. The productivity of animals will need to be substantially increased to satisfy increasing consumer demand, to more efficiently utilize scarce resources and to generate income for a growing agricultural population. Modern biotechnology has the potential to enhance livestock productivity, increase feed digestibility, reduce feed cost, decrease animal waste and promote sustainable use of natural resources. Biotechnological advances have led to the use of enzymes, amino acids, vitamins, prebiotics and prebiotics used in animal feeds to improve nutritive value and digestion. Amino acids and vitamins hold the major market share in the global white biotech feed additive market, and Asia-Pacific is projected to register the highest growth rate.
Asia-Pacific is the Fastest-Growing Region
The global white biotech market has been geographically divided into North America, Europe, Asia-Pacific, South America and Africa. North America dominates the market, closely followed by Europe. Asia-Pacific is the fastest-growing region, due to the increasing demand for sustainable products, such as biochemicals and enzymes. China is one of the major markets for biochemical products that competes with Europe and North America. India is a rising market for biotechnology. Investments from foreign organizations, clear and well-defined government regulatory guidelines and demonstrated high-quality value-based services drives the market growth in this country. India stands one among the 12 destinations in the biotech sector and third in Asia-Pacific. India is second in the number of USFDA-approved plants, 500 companies.
Bayer AG, Zimmer Biomet Holdings, Inc. (US), Carpenter Technology Corporation (US), Evonik Industries AG (Germany) and BASF SE (Germany) are the leading players in the white biotech market. The other market players hold only 11.9% market shares, which includes Valent Biosciences Corp, Arysta Life Sciences, Becker Underwood Inc., AgBiTech Pty Ltd and Andermatt Bio control as significant contributor in global bio pesticides market. The global industrial enzyme market for white biotechnology application is a concentrated market. The top seven players like Novozymes, AB Enzymes, Danisco/Genencor, DSM, Dyadic International and Logen Corporation occupy almost 93.3% share of the global industrial enzyme market under white biotechnology.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Application
5.1.1 Food Additives
5.1.2 Feed Additives
22.214.171.124 Soap & Detergents
126.96.36.199 Paper & Pulp
5.2 By Type
5.2.5 Industrial Enzymes
5.3.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 Rest of Asia-Pacific
5.3.4 South America
126.96.36.199 South Africa
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Company Profiles
6.2.1 Zimmer Biomet Holdings, Inc.
6.2.2 Carpenter Technology Corporation
6.2.3 Evonik Industries AG
6.2.4 BASF SE
6.2.5 Bayer CropScience AG
6.2.6 Dow AgroSciences
6.2.7 Becker Underwood Inc.
6.2.8 Arysta LifeSciences
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/aj317n
View source version on businesswire.com:https://www.businesswire.com/news/home/20191023005364/en/
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INDUSTRY KEYWORD: HEALTH BIOTECHNOLOGY
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 10/23/2019 06:00 AM/DISC: 10/23/2019 06:01 AM