The global white biotechnology market is largely consolidated, with the top five companies collectively accounting for over 71% of the market in 2015. Transparency Market Research states in a recent report that these prominent vendors, including Cargill Inc., BASF SE, Novozymes, DuPont, and Archer Daniels Midland Company, have focused largely on expanding their global footprint, mergers and acquisitions, and diversifying product portfolios.
The January 2016 inauguration of a new US$100 mn worth corn milling plant in Davangere, India, by Cargill, Inc., is an instance of the several expansion strategies that the companies in the market are pursuing to strengthen their positions in the highly competitive global market. Entry barriers in developing regional markets are relatively less intense and competition is moderate. Developed countries such as the U.S. feature fragmented markets and the presence of several companies operating amid intense competition.