A recent report published by Infinium Global Research on food biotechnology market provides in-depth analysis of segments and sub-segments in the global as well as regional food biotechnology market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional food biotechnology market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global food biotechnology market. According to the report, the global food biotechnology market is projected to grow at a CAGR of 9.7% over the forecast period of 2019-2025.
Genetically advanced products have economically benefitted to the producers, consumers, and farmers, due to improved quality and higher yield of crops, this, in turn, is anticipated to enlarge the market growth. Food biotechnology is generally used to develop genes of plants, microorganisms, and animals to produce genetically modified food and products which is able to produce high yield and nutrition. In June 2019, LA biosystems and Advanced Instruments LLC has a partnership to support the growth of microbiology, biotechnology, and many other technologies, which are related to the food and beverage industry.
The global food biotechnology market is primarily driven by growing investment by the government for research and development of food biotechnology field. Moreover, rising demand for the food and agricultural productivity of crops and fruits is expected to fuel the market growth in the near future. However, required a long period for research and ethical issues related to the production of genetically modified food or crops is expected to hinder the demand for global food biotechnology market. Nonetheless, rising funding from government and private sectors and an increase in mergers within the international & domestic players are estimated to provide good opportunities for the global colorectal cancer therapeutics market.
On the basis of region, the global food biotechnology market is bifurcated into North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. North America dominates the global food biotechnology market in the near future. The growth of this region is attributed owing to the rising customer expenditure on diet and nutritious food along with large scale investments on research and development of new technologies in the region that are anticipated to propel the market growth in the coming years. North America is followed by Europe and the Asia-Pacific. North America is anticipated to grow at a substantial growth rate in the global food biotechnology market over the forecast period. Asia-Pacific region is estimated to show significant growth for the global food biotechnology market owing to the rising demand for nutritious food and increased capacity of expenditure on healthy food. Additionally, the demand for high yielding and nutritious crop varieties from the farmer is also expected to enhance the market growth in the region in the near future.
The report on global food biotechnology market covers segments such as type and application. On the basis of type, the sub-markets include synthetic biology derived products, and transgenic. On the basis of application, the sub-markets include plants, animals, and others (microorganisms).
The report provides profiles of the companies in the market such as Bayer CropScience AG, CropScience AG, Dow AgroSciences LLC, AquaBounty Technologies, BASF SE, ABS Global, Arcadia Biosciences, BDF Ingredients Zuchem, Camson Bio Technologies Ltd, and Monsanto.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of food biotechnology market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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