About Food Biotechnology
Food biotechnology is that the field of biotechnology, that is employed to change genes of animals, plants, and microorganisms to make genetically changed products having high nutrition connected properties. Genetically advanced products have benefitted farmers, producers, and shoppers by increasing their yield and up the standard of crops.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 10.2% |
The global market for Food biotechnology is fragmented by global key players owing to the rising requirement for improving the productivity and quality of edible items by altering genes. Growth in the food & beverages industry and increasing population with Biotechnological product innovations among food manufacturers will help the players to grab the market share. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Food Biotechnology market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), Bayer CropScience AG (Germany), AquaBounty Technologies (United States), ABS Global (United States), Dow AgroSciences LLC (United States), Arcadia Biosciences (United States), Camson Bio Technologies Ltd (India), BDF Ingredients Zuchem (Spain) and Monsanto (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Carbios (France), Novabiotics (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Food Biotechnology market by Type (Transgenic Crops and Synthetic Biology Derived Products) and Region.
On the basis of geography, the market of Food Biotechnology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Food Source, the sub-segment i.e. Animal will boost the Food Biotechnology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Clean Label Manufacturing and Attractive Packaging Techniques
Market Growth Drivers:
Increasing Penetration of Advanced Technologies to Develop New Foods and Shifting Trends Towards Healthy Lifestyles Accompanied by A Rise in Processed Food Demand
Challenges:
Demand for the Organic Food Hampers the Demand for the Food Biotechnology
Restraints:
Stringent Government Regulations to Enhance Product Quality and Quality Transparency
Opportunities:
Rising Demand for Nutritional Content in Functional Foods for Fitness Industry and Rising Demand for the Higher Shelf Life and Food Taste
Market Leaders and their expansionary development strategies
In May 2022, JBS announced the completion of its BioTech Foods acquisition and the opening of a new RD&I centre. JBS the largest meat processing company in the world has announced it has become a majority shareholder of BioTech Foods, a cultivated protein company based in Spain
In October 2023, Tetra Pak and Lund University announced the launch of Biotech Heights, a new research hub that will explore food and materials production using bioprocessing to create useful products from living cells or cell components.
The FDA regulates plant and animal biotechnology products in coordination with the U.S. Department of Agriculture (USDA) and U.S. Environmental Protection Agency (EPA) to conduct high-risk food experiments having the potential of polluting/endangering the environment, the biosphere, the ecosystem, the animals should be obtaining clearance from FDA and USDA.
Key Target Audience
Food Biotechnology, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.