The global Food Biotechnology market size was valued at USD 18063.61 Million in 2022 and is expected to expand at a CAGR of 11.81% during the forecast period, reaching USD 35297.39 Million by 2030.

Food Biotechnology Market Overview

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-related properties. Genetically modified products benefit farmers, producers, and consumers through increased yield and improved crop quality, which in turn is expected to drive the market.
The global food biotechnology market is driven by growing food demand and improving agricultural productivity. Moreover, increasing government funding for research and development in food biotechnology is expected to drive market growth. Additionally, technological advancements are helping to increase crop yields while improving shelf life, nutritional value, and pest resistance properties. However, ethical issues associated with the production of genetically modified crops and longer research cycle restraints the market growth. Furthermore, increasing funding from private and government sectors and rising consolidation among regional and international players are expected to drive market growth in the near future.

The Food Biotechnology has recently published by Contrive Datum Insights to its huge database which helps to shape the future of the businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Food Biotechnology market.

Some Of the key players study are the

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: ABS Global, Arcadia Biosciences, AquaBounty Technologies, BASF Plant Science, Bayer CropScience AG, Camson Bio Technologies Ltd, Dow AgroSciences, and others.

What are the major Applications, Types, and Regions for the Food Biotechnology Market?

By Product      

• Transgenic Crops
• Synthetic Biology Derived Products

By Application

• Animals
• Plants

Food Biotechnology Market Regional Insights:

In terms of region, the market can be segmented into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America accounted for more than 40% market share in 2020. The growth of the regional market can be attributed to several factors such as the presence of major players, extensive R&D activities, and high healthcare expenditure. Moreover, an increasing number of companies operating in the region are obtaining drug approvals, which is helping the market growth.
The market in Asia Pacific is expected to grow at a CAGR of 16.5% during the forecast period. The growth of the regional market is primarily attributed to improving healthcare infrastructure, supportive government policies, clinical trial services, and epidemiological factors. In addition, foreign companies are collaborating extensively with local companies to accelerate the development of the food biotechnology industry.

Geographically, the global Food Biotechnology market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Food Biotechnology Market report scope:
Frequently Asked Questions (FAQ) about the Food Biotechnology market:

What is the CAGR of the global Food Biotechnology market?

The Food Biotechnology Market is growing at a CAGR of 11.81% During Forecast Period.

Which region would offer high growth for vendors in the Food Biotechnology market?

North America accounted for more than 40% market share in 2020.

Which Is the Most potential market segment?

By Product      

• Transgenic Crops
• Synthetic Biology Derived Products

By Application

• Animals
• Plants

Which are the top industry players in the Food Biotechnology market?

ABS Global, Arcadia Biosciences, AquaBounty Technologies, BASF Plant Science, Bayer CropScience AG, Camson Bio Technologies Ltd, Dow AgroSciences

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