LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global white biotechnology market to grow at a CAGR of over 7% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global white biotechnology market for 2017-2021. To calculate the market size, Technavio analysts have used the revenue generated from the retail sales of white biotechnology products.
White biotechnology has enabled the commercial manufacturing of several products such as curd, cheese, and beverages by using natural metabolic pathways and various microorganisms. Earlier, these bio-based products were not commonly used in industries. They were used in niche industries such as biofuel production. However, today, several industries such as pharmaceutical and F&B use bio-based products to produce APIs and enzymes to enhance the texture and aroma of food.
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Technavio analysts highlight the following three factors that are contributing to the growth of the global white biotechnology market:
- Advent of innovative processes to produce chemicals in bulk
- Increase in demand for biofuel
- Increased adoption of enzyme technology
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Advent of innovative processes to produce chemicals in bulk
Crude oil is the most important source of energy as many industries rely on the use of chemicals that are derived from crude oil. However, the lack of oil reserves and environmental concerns have driven the need to develop sustainable methods to produce such chemicals. White biotechnology helps produce such materials from renewable sources. It provides substantial benefits when compared with conventional methods.
Amber Chourasia, a lead lab equipment research analyst at Technavio, says, “Genetic modification of microorganisms: Numerous strains of microbes have been developed by knocking out or overexpressing genes that are associated with chemical formation pathways to increase the cell's ability to produce specific chemicals. Thus, microbes are being used to convert carbon-rich waste gases and residues into useful fuels and chemicals.”
Increase in demand for biofuel
Biofuels are fuels produced from biomass. Biomass is an organic matter produced from animals and plants. It includes wood, agricultural crops and products, aquatic plants, forestry products, waste and residues, and animal wastes. Biofuels can be used as a substitute for jet fuel. This helps reduce GHG emissions, which is driving their adoption across the world.
“Biofuels can be solid, gaseous, or liquid. Examples of solid biofuels include charcoal, wood, and bagasse. Wood and charcoal are commonly used as fuel for domestic purposes such as cooking. Waste bagasse, which is the fibrous material that is formed from sugarcane processing, is commonly used to generate electrical power and steam for sugar mills,” adds Amber.
Increased adoption of enzyme technology
Enzyme technology is one of the most important technologies used in industrial processes. Protein engineering has improved the development of industrial enzymes as it uses recombinant technology to produce enzymes with new activities that easily adapt to new processes. The manufacturing of enzymes involves recombinant expression in specific host organisms such as bacteria and yeast, fermentation, recovery, and formulation.
Enzymes have been used in the pulp, paper, and textile industries to soften wood fibers and improve drainage. Enzymes are a sustainable alternative to harsh chemicals that are used in industries. This is because they are suitable for working under moderate conditions such as warm temperatures and neutral potential of hydrogen (pH).
Top vendors:
- BASF
- Cargill
- DuPont
- Novozymes
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