Global Industrial Biotechnology Market Report 2022: An Emerging Technology with Huge Implications for Various Industries, Including Food & Beverages, Pharmaceuticals, and Chemicals – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Industrial Biotechnology Market Size, Share, Trends, by Type, by Raw Materials, by Application and Region, Forecast to 2030” report has been added to from ResearchAndMarkets.com offer.

The global industrial biotechnology market size is expected to reach USD 852.55 billion in 2030 and register a CAGR of 9.9% over the forecast period, according to the latest report. The market is expected to witness significant growth owing to the rapid adoption of industrial biotechnology by various industries, such as food and beverages, pharmaceuticals, chemicals, and others. Rising demand for renewable energy sources is also expected to drive the market growth over the forecast years.

Industrial biotechnology is an emerging technology that uses living cells to produce or modify products for specific industrial or commercial applications. It is a rapidly growing field with immense potential in the production of renewable energy, pharmaceuticals, chemicals and other materials.

The applications of industrial biotechnology are diverse and encompass a wide range of industries. The pharmaceutical sector is one of the main end users of industrial biotechnology. The industry uses various techniques, such as genetic manipulation and fermentation, to produce a variety of medicines and drugs. The food and beverage industry is another major consumer of industrial biotechnology. Various processes, such as enzymatic treatment and fermentation, are used in food and beverage production.

If fully developed, industrial biotechnology could have a significant impact on the future of sustainable energy production and environmental protection. However, for this technology to proliferate, several challenges need to be addressed. The development of efficient and environmentally friendly processes for the production of fuels and chemicals from renewable resources is a major challenge. In addition, the high cost of enzymes and other biocatalysts required for these processes is another significant barrier.

The development of new and improved enzymes and other biocatalysts is essential for the future development of industrial biotechnology. In addition, new fermentation processes will need to be developed in order to make the production of fuels and chemicals from renewable resources economically viable.

Despite the challenges, industrial biotechnology holds great promise for the future. When fully developed, this technology could help reduce our dependence on fossil fuels and promote sustainable energy production. Furthermore, industrial biotechnology could lead to the development of more environmentally friendly processes for the production of chemicals and other materials.

Some highlights of the report

  • The fermentation segment accounted for the largest market share in 2019. This is attributed to the wide range of applications of fermentation technology in various industries, such as food and beverage and pharmaceuticals.

  • The enzymes segment is expected to witness the fastest growth during the forecast period. This is attributed to the increasing use of enzymes in a variety of applications, such as detergents, food processing, animal feed and others. Based on application, the market is categorized into food and beverages, pharmaceuticals, chemicals, biofuels, and others.

  • The food and beverage segment held the largest market share in 2019. This is attributed to the increasing use of industrial biotechnology in the production of a variety of food and beverage products.

  • Pharmaceuticals segment is expected to witness the fastest growth during the forecast period. This is attributed to the increasing use of industrial biotechnology in the production of a variety of drugs and medicines.

  • North America held the largest market share in 2019. This is attributed to the presence of a large number of prominent players in the region. The Asia-Pacific market is expected to witness the fastest growth over the forecast period. This is attributed to the growing demand for industrial biotechnology products in various industries, such as food and beverages and pharmaceuticals.

For the purposes of this report, the editor has segmented the industrial biotechnology market based on type, raw material, application and region:

Type Outlook (Revenue, USD billion; 2019 – 2030)

  • Biofuel

  • Biochemical

  • Biomaterial

  • Bioproduct

Commodity Outlook (Revenue, USD Billion; 2019 – 2030)

  • Cereals and starches

  • Agricultural residues

  • food waste

  • Forestry equipment

  • animal by-product

  • Energy crops

  • Urban and peri-urban waste

Application Outlook (Revenue, USD Billion; 2019 – 2030)

  • Human and animal food

  • Medications

  • Pulp and paper

  • Textile

  • Bioenergy

  • Others

Regional Outlook (Revenue, USD Billion; 2019 – 2030)

Main topics covered:

Chapter 1. Market Summary

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Industrial Biotechnology Market Segmentation and Impact Analysis

Chapter 5. Industrial Biotechnology Market Analysis and Trends by Type

Chapter 6. Industrial Biotechnology Market by Overview and Commodity Trends

Chapter 7. Industrial Biotechnology Market Analysis and Trends by Application

Chapter 8. Industrial Biotechnology Market Regional Outlook

Chapter 9. Competitive Landscape

Chapter 10. Business Profiles

Companies cited

  • BASF SE

  • Amyris Inc.

  • Borregaard AS

  • Global Bioenergies

  • Codexis Inc.

  • Deinove

  • Fermentalg

  • Evola

  • Gevo Inc.

  • Novozymes

For more information on this report, visit https://www.researchandmarkets.com/r/nau3tv

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