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Food Biotechnology Market Size, Share & Growth Report | 2031
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Food Biotechnology Market Size, Share & Growth Report | 2031

Segments - Global Food Biotechnology Market by Products (Transgenic Crops and Synthetic Biology Derived products) and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East and Africa) Forecasts, 2023-2031

https://growthmarketreports.com/Anuradha
Author : Anuradha B. More
https://growthmarketreports.com/Vaibhav
Fact-checked by : Vaibhav Chandola
https://growthmarketreports.com/Shruti
Editor : Shruti Bhat

Upcoming | Report ID :FB-3578 | 4.6 Rating | 54 Reviews | 199 Pages | Format : PDF Excel PPT

Report Description


The global food biotechnology market was valued at USD 33.67 Billion in 2022 and is likely to reach USD 79.39 Billion by 2031, expanding at a CAGR of 10% during 2023 – 2031. Food biotechnology is the field of biotechnology, which is used to change genes of animals, plants, and microorganisms to produce genetically modified products containing high nutrition related properties. Genetically advanced products have helped farmers and producers to increase their yield and refine the quality of crops.

The COVID-19 pandemic halted R&D activities in various industries, except the healthcare sector. However, the acceleration in the vaccination drive, assisted in the functioning of various industries, including food & beverage industry. The market is estimated to reach the pre-COVID level by end of 2021.

Food Biotechnology Market Outlook

  • Rising food demand owing to increasing population is anticipated to drive the market growth.

  • Growing awareness about healthy lifestyles due to sedentary life and rising demand for processed food are major factors that are estimated to spur the growth of the market.

  • Stringent government regulation and reduced arable land can create challenges for the market growth.

  • Strong resistance to genetically modified products among consumers can hamper the market growth.

  • Lack of awareness and absence of advanced technologies in the low and middle-income countries can inhibit the market growth. However, the increasing foreign investments is stimulating the market growth in these countries. 

  • Advancements in testing services for developing new products is anticipated to positively influence the growth of the market.

  • Rising investments in R&D activities is expected to propel the market growth.

  • Increasing penetration of advanced technologies to develop new products through gene alteration of various plants and microbes can create new market avenues during the forecast period.

Scope of Food Biotechnology Market Report

The report on food biotechnology market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been comprised in the report.

Attributes

Details

Report Title

Food Biotechnology Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast

Base Year

2022

Historic Data

2016-2021

Forecast Period

2023–2031

Segmentation

Products (Transgenic Crops and Synthetic Biology Derived products)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East and Africa

Report Coverage

Market opportunity, analysis, share, competitive analysis, growth facts, limits, opportunities, and revenue forecast

Key Players Covered in the Report

Bayer AG, Certis USA LLC., E. I. du Pont de Nemours and Company, Evogene Ltd., KWS SAAT SE, Monsanto Company, Syngenta AG, The Dow Chemical Company, and Vilomrin & Cie

Food Biotechnology Market Segment Insights

Transgenic crops segment is anticipated to hold a significant market share

In terms of products, the market can be bifurcated into transgenic crops and synthetic biology derived products. The transgenic crops segment is anticipated to account for a significant share of the market during the forecast period. Transgenic crops refer to the integration of genes of plant or species, which is related or not related to the plant. The synthetic biology derived products is estimated to grow at a steady rate in the projected timeline.

Food Biotechnology Market Products

North America held a large market share in 2020

In terms of regions, the market can be fragmented into Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. North America accounted for more than 40% market share in 2020. The growth of the regional market can be attributed to several factors such as the presence of key players, extensive R&D activities, and high healthcare expenditure. Additionally, expanding pool of companies operating in the region is receiving drug approvals, which is contributing to the market growth.

The market in Asia Pacific is anticipated to expand at a CAGR of 16.5% during the forecast period. The growth of the regional market can be primarily attributed to improving healthcare infrastructure, supportive government policies, clinical trial services, and epidemiological factors. Moreover, foreign companies are extensively collaborating with local companies for accelerating the food biotechnology industry growth.

Food Biotechnology Market Region

Segments

By Products

  • Transgenic Crops
  • Synthetic biology derived products

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • Bayer AG
  • Certis USA LLC.
  • E. I. du Pont de Nemours and Company
  • Evogene Ltd.
  • KWS SAAT SE
  • Monsanto Company
  • Syngenta AG
  • The Dow Chemical Company
  • Vilomrin & Cie

Competitive Landscape

The key players in Food Biotechnology Market include Bayer AG, Certis USA LLC., E. I. du Pont de Nemours and Company, Evogene Ltd., KWS SAAT SE, Monsanto Company, Syngenta AG, The Dow Chemical Company, and Vilomrin & Cie.

Companies are engaging in partnerships, acquisitions, and collaboration with industry players to boost the development in the food biotechnology industry. Moreover, they’re focusing on increasing their FDA approvals to leverage their market position. 

In February 2021, Biogen Inc. received the US FDA for PLEGRIDY (peginterferon beta-1a) that is used for the treatment of relapsing forms of multiple sclerosis. The approval expands the company’s leading portfolio for multiple sclerosis treatment.

In September 2019, Bayer AG completed a USD 63 billion merger agreement with Monsanto India for forming Bayer CropScience Ltd. This will help in including Monsanto's expertise in seeds and traits and digital farming applications to Bayer’s product portfolio.

Food Biotechnology Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Biotechnology Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Food Biotechnology Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Food Biotechnology Market - Supply Chain
  4.5. Global Food Biotechnology Market Forecast
     4.5.1. Food Biotechnology Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Food Biotechnology Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Food Biotechnology Market Absolute $ Opportunity
5. Global Food Biotechnology Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Food Biotechnology Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Food Biotechnology Demand Share Forecast, 2019-2026
6. North America Food Biotechnology Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Food Biotechnology Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Food Biotechnology Demand Share Forecast, 2019-2026
7. Latin America Food Biotechnology Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Food Biotechnology Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Food Biotechnology Demand Share Forecast, 2019-2026
8. Europe Food Biotechnology Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Food Biotechnology Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Food Biotechnology Demand Share Forecast, 2019-2026
9. Asia Pacific Food Biotechnology Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Food Biotechnology Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Food Biotechnology Demand Share Forecast, 2019-2026
10. Middle East & Africa Food Biotechnology Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Food Biotechnology Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Food Biotechnology Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Food Biotechnology Market: Market Share Analysis
  11.2. Food Biotechnology Distributors and Customers
  11.3. Food Biotechnology Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Bayer AG
     11.4.2. Certis USA LLC.
     11.4.3. E. I. du Pont de Nemours and Company
     11.4.4. Evogene Ltd.
     11.4.5. KWS SAAT SE
     11.4.6. Monsanto Company
     11.4.7. Syngenta AG
     11.4.8. The Dow Chemical C

Methodology

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