With CAGR 10.2% Food Biotechnology Market Is Projected To Reach USD 70.73 Billion By 2030

Global Food Biotechnology Market Size Was Valued at USD 32.52 Billion In 2022 And Is Projected to Reach USD 70.73 Billion By 2030, Growing at A CAGR of 10.2% From 2023 To 2030.

Food biotechnology is the field of biotechnology used to modify the genes of animals, plants and microorganisms to create genetically modified products with high nutritional properties. Genetically enhanced crops have benefited farmers, producers and consumers by increasing their production and improving product quality that is expected to drive the market.Although traditional agricultural and crop improvement is not generally seen as food biotechnology, agricultural biotechnology, animal and plant food, is expected to become an increasingly important "engine" for the agricultural food sector.

Food biotechnology is the application of a modern biotechnological methodology to producing and processing food. Fermentation of food, which is the former biotechnological process, and food additives, also plant and animal cell cultures, are incorporated. Innovations in different processes such as fermentation and enzyme technological processes, genetic engineering, protein engineering, bioengineering, and processes involving monoclonal antibodies have launched exciting dimensions to food biotechnology. While, traditional agriculture and crop breeding are not generally regarded as food biotechnology, agricultural biotechnology, that is animal and plant foods are anticipated to become an increasingly important “engine” of development for the agri-food sector.

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Top Companies Involved are:

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

Segmentation Analysis

By Type

•          Transgenic Crops
•          Synthetic Biology Derived Products

By Application

•          Animal
•          Plants
•          Microorganisms

Regions covered in the Food Biotechnology Market Report: 

·         North America (U.S., Canada, Mexico)

•          Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
•          Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
•          Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
•          Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
•          South America (Brazil, Argentina, Rest of SA)

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Important Facts About the Global Market Report:

•          The report combines the historical data and analysis required for a comprehensive research report.
•          Research This research report includes details of global Food biotechnology market, market share, supply-demand ratio, supply chain analysis and import / export.
•          Report This report covers the various approaches and procedures adopted by key market players that enable businesses to make effective decisions.
•          The report provides information such as production values, strategies adopted by market players, and the products / services they offer.
•          Company profile with comprehensive strategy, financial details and latest developments.
•          Research studies show how different end users / applications contribute to the global market.

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