Food Biotechnology Market is Booming Worldwide with Key Players: BASF SE, Bayer Crop Science AG, AquaBounty Technologies, Dow AgroSciences LLC, ABS Global, Arcadia Biosciences, BDF Ingredients Zuchem, Camson Bio Technologies

MarketStudyReport.com Adds New Food Biotechnology Market Size 2019 – 2025 research report providing information and data By Type, By Application, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 300 Pages with table and figures in it.

North America food biotechnology market is anticipated to hold over 29% share in 2018. U.S. is the largest producer of genetically modified crops for commercial purpose, thus supporting overall regional growth. More than 93% of the corn, soy and cotton cultivated in the country are genetically modified. About 70% of the processed food in the U.S. are manufactured using genetically modified ingredients. In addition, increasing demand for processed and packaged products owing to busy lifestyle will foster the regional food biotechnology market share.

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Rising concern pertaining to global food insecurity in developing countries with rising population will propel the food biotechnology market. As per FDA, area under biotech crop production increased by 4.7 million hectares in 2017 due to higher commodity prices for consumable products and increasing demand in developing economies. India, Brazil, Pakistan, Mexico, Colombia, etc. have increased the area under genetically modified crop production to meet the rising demand with growing population.

Increasing technological advancements in food industry will drive the food biotechnology market. Shifting consumer focus towards food quality, taste, nutrition and shelf life will support demand for genetically modified plants and animals. Changing climatic conditions and farming loss are expected to support production of genetically modified crops. Growing concern pertaining to usage of pesticides and herbicides for the crop yield will support penetration of innovative technologies over the projected timeframe.

Changing dietary patterns and growing demand for processed items has urged the food & beverage manufacturers to improve the nutritional content in their products. Global processed-food industry is estimated to be valued over USD 3.2 trillion in 2018 and 80% of agricultural products in the developed countries get processed and packaged. Strong demand for high-quality functional ingredients by food processing companies will create lucrative opportunities for food biotechnology market players over the forecast period.

Transgenic crop is expected to observe growth over 9% in terms of revenue up to 2025. Factors such as low labor & production cost, reduced application of chemical inputs and better economic gains are among the key factors that will positively influence the segment growth. In addition, growing subcontract agreements between private firms and the farmers to boost genetically modified crops production, will foster overall food biotechnology market over the forecasted timeframe.

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Global food biotechnology market is competitive in nature due to the presence of large multinational and regional players. Key industry participants include BASF SE, Bayer Crop Science AG, AquaBounty Technologies, Dow AgroSciences LLC, ABS Global, Arcadia Biosciences, BDF Ingredients Zuchem, Camson Bio Technologies Ltd and Monsanto. New product development, mergers and acquisition, geographical expansion are few strategies adopted by the participants.

Table of Contents:

Chapter 1. Methodology

Chapter 2. Executive Summary

Chapter 3. Food Biotechnology Industry Insights

Chapter 4. Food Biotechnology Market, By Type

Chapter 5. Food Biotechnology Market, By Application

Chapter 6. Food Biotechnology Market, By Region

Chapter 7. Company Profiles

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Related Report:

Global Food Biotechnology Market Size, Status and Forecast 2019-2025

This report focuses on the global Food Biotechnology status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Food Biotechnology development in United States, Europe and China. Food biotechnology is the field of biotechnology, which is used to modify genes of animals, plants, and microorganisms to create genetically modified products having high nutrition related properties. Genetically advanced products have benefitted farmers, producers, and consumers by increasing their yield and improving the quality of crops, which in turn is expected to drive the market.

https://www.marketstudyreport.com/reports/global-food-biotechnology-market-size-status-and-forecast-2019-2025

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