The global demand for Food Biotechnology Market is presumed to reach the market size of nearly USD 18.26 MN by 2028 from USD 8.26 MN in 2021 with a CAGR of 24.3% under the study period 2022 - 2028.
Food biotechnology is the field of biotechnology that involves modifying the genes of animals, plants, and microorganisms to produce genetically modified products containing high nutrition-related properties. It offers a faster and more precise means to develop food products. Food biotechnology includes deleting or adding genes to achieve the required traits. This aims to make food items more cost-effective and safer by lowering the number of pesticides or chemicals used to cultivate specific food items.
The rising food demand owing to the increasing population is anticipated to drive market growth. Moreover, growing awareness about healthy lifestyles due to sedentary life and rising demand for processed food are major factors that are estimated to spur growth in this market. Also, increasing investments in research & development and increasing penetration of advanced technologies to develop new products through gene alteration of various plants and microbes can create new market opportunities during the forecast period. Other key factors likely to have a long-term positive impact on the market growth include the development of the food and beverages industry, an increase in disposable incomes, and an upsurge in health awareness. However, lack of awareness and absence of advanced technologies in low and middle-income countries can limit the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of food biotechnology. The growth and trends of food biotechnology industry provide a holistic approach to this study.
This section of the food biotechnology market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Transgenic Crops
- Synthetic Biology Derived Products
This section covers the regional outlook, which accentuates current and future demand for the Food Biotechnology market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Food Biotechnology Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the food biotechnology market include ABS Global, Arcadia Biosciences, AquaBounty Technologies, BASF Plant Science, Bayer CropScience AG, Camson Bio Technologies Ltd, Dow AgroSciences LLC, DuPont Pioneer, Evogene Ltd, Hy-Line International, KWS Group, Monsanto, Origin Agritech Limited, Syngenta AG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.