Agricultural Biotechnology Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share

How Are the key drivers contributing to the expansion of the agricultural biotechnology market?
The surge in food demand is anticipated to spur the expansion of the agricultural biotechnology market in the future. The term 'food demand' refers to the diversity and quantum of food items that customers desire and are willing to buy over a specified time period. Rising food demand arises from factors like population explosion, urbanization, and changes in dietary habits. Agricultural biotechnology accentuates food demand via improving agricultural yield, augmenting crop quality, and boosting resilience against environmental factors. For example, based on publications by the U.S. Bureau of Labor Statistics, a federal U.S. agency, the average expenditure on food by households rose by 12.7% from 2021 to 2022. This escalation is driven by a 20.1% rise in spending on food outside home and an 8.4% increase in expenses on home-cooked food. Consequently, the boosted food demand is catalyzing the development of the agricultural biotechnology market.

Get Your Agricultural Biotechnology Market Report Here:
https://www.thebusinessresearchcompany.com/report/agricultural-biotechnology-global-market-report

What growth opportunities are expected to drive the agricultural biotechnology market's CAGR through 2034?
The market size of agricultural biotechnology has witnessed robust growth in the previous years. It is projected to escalate from a value of $44.82 billion in 2024 to a substantial $49.18 billion in 2025, boasting a compound annual growth rate (CAGR) of 9.7%. The historical growth can be credited to factors such as rising population and food requirements, enhanced resistance of crops to pests and diseases, better crop attributes, progress in genetic engineering technologies, environmental considerations, and the push for sustainable agriculture.

In the upcoming years, the agricultural biotechnology market is projected to experience a swift expansion. It is expected to escalate to a worth of $72.27 billion in 2029, with a compound annual growth rate (CAGR) of 10.1%. The projected growth during this period could be attributed to the growing emphasis on precision agriculture, adapting to climate change, consumer preference for sustainable practices, international trade dynamics, emerging markets, and developing economies. Key trends to watch for in this period comprise of collaborative efforts and partnerships, technological advancements, preparedness for biosecurity and pandemics, the prevailing use of gene editing technologies, and the incorporation of digital agriculture.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14034&type=smp

What are the emerging trends shaping the future of the agricultural biotechnology market?
Leading firms in the field of agricultural biotechnology are focusing on pioneering biotechnologies like pipelines with comprehensive solutions to hasten the transformation of agriculture and tackle local and crop system climate-related difficulties. This integrated approach brings together crop protection, seeds, traits, technologies, tools, and methodologies to refine farming techniques, enhance productivity, and bolster sustainability. For example, in March 2023, a chemical company situated in Germany known as BASF SE introduced an innovative pipeline with integrated strategies to expedite the transformation of agriculture. This solution equips farmers with crucial solutions to deal with local and crop-specific pest issues, climatic abnormalities, shifting regulatory prerequisites, and the growing demands of consumers. Also, this initiative enables farmers to better manage their resources, minimize waste, and increase yield thereby reducing emissions. It further strengthens climate resilience, biodiversity conservation, and precision applications.

Which growth-oriented segments of the agricultural biotechnology market are leading the industry's development?
The agricultural biotechnology market covered in this report is segmented -

1) By Organism Type: Plants, Animal, Microbes
2) By Technology: Genetic Engineering, Tissue Culture, Embryo Rescue, Somatic Hybridization, Molecular Diagnostics, Vaccine, Other Technologies
3) By Application: Vaccine Development, Transgenic Crop And Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, Biofuels

Subsegments:
1) By Plants: Genetically Modified Crops, Biofortified Crops, Crop Protection Products
2) By Animals: Genetically Modified Animals, Animal Vaccines, Animal Feed Additives
3) By Microbes: Microbial Biopesticides, Microbial Biofertilizers, Microbial Enzymes

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14034

What regions are leading the charge in the agricultural biotechnology market?
North America was the largest region in the agricultural biotechnology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agricultural biotechnology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the agricultural biotechnology market?
Major companies operating in the agricultural biotechnology market are BASF SE, Dow AgroSciences Inc., Bayer AG, Syngenta AG, Monsanto Company, DuPont de Nemours Inc., Novozymes A/S, Certis USA, Vilmorin & Cie SA, KWS SAAT SE, Indigo Agriculture Inc., Bioceres Crop Solutions Corp., Ginkgo Bioworks Holdings Inc., AgBiome Inc., Pairwise Plants Services Inc., Marrone Bio Innovations Inc., Agrivida Inc., Intrexon Corporation, Phytelligence Inc., Cibus Global Ltd., Arcadia Biosciences Inc., ZeaKal Inc., NewLeaf Symbiotics Inc., Evogene Ltd., GreenLight Biosciences Inc.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=14034&type=smp

What Is Covered In The Agricultural Biotechnology Global Market Report?

• Market Size Forecast: Examine the agricultural biotechnology market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the agricultural biotechnology market for a structured understanding.
• Key Players Overview: Analyze major players in the agricultural biotechnology market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the agricultural biotechnology market.
• Segment Contributions: Evaluate how different segments drive overall growth in the agricultural biotechnology market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the agricultural biotechnology market.
• Industry Challenges: Identify potential risks and obstacles affecting the agricultural biotechnology market.
• Competitive Landscape: Review strategic developments in the agricultural biotechnology market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.