This report provides exclusive insights into the COVID-19 impact on the Food Biotechnology Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Food Biotechnology Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Food Biotechnology Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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.
Market Insight
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.

Segment Covered
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).
Companies Profiled:
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.
Report Highlights:
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.