Bioeconomy sector in State grows at 12% per year: study

Kerala’s bioeconomy sector has witnessed a considerable annual growth rate of 12% as per the Kerala Bioeconomy Report 2025, prepared by the Association of Biotechnology Led Enterprises (ABLE).

Industries Minister P. Rajeeve released the report on Friday during ‘Bio Connect 3.0 International Life Science Conclave and Expo’, jointly organised by the Kerala Life Sciences Industries Park and Bio360 Life Sciences Park in the capital.

The value of Kerala’s bioeconomy, which stood at $6.25 billion in 2022, rose to $7.54 billion in 2024 and has now reached $8.24 billion in 2025, recording a 12% annual growth rate. The report notes that the bioeconomy’s share in Kerala’s Gross State Domestic Product (GSDP) increased from 3.96% to 5.1% over the past three years. The bio-pharma sector is identified as the most significant contributor to Kerala’s bioeconomy, accounting for 44% of its total value.

The bio-industry sector ranks second, contributing 35% of the total value, with industries such as biofuels, fermentation-based manufacturing, marine processing and alcohol production driving its growth. According to the report, a robust institutional framework comprising the Kerala Medical Technology Consortium, Rajiv Gandhi Centre for Biotechnology, and CSIR-NIIST contributed to the growth in the sector. Over 60 research institutions contribute to this ecosystem.