Global Food Biotechnology Market Overview

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 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.

Moreover, increasing the implementation of biotechnology in farming practice will save labor costs and increase yield which will help to spread the overall industry. The growing R&D activities by numerous public sector institutes such as Land-Grant University and United States Department of Agriculture (USDA). In addition, the rising subcontract agreements between agricultural scientists and private firms will further assist the overall industry growth. The decreasing existence of farm lands owing to urbanization will help the development of the food biotechnology market.

COVID-19 Impact Analysis of Food Biotechnology Market

COVID-19 pandemic is peerless global public health emergency that has affected about every sector, and the long-term effects are projected to impact the industry growth in the forecast period. The COVID-19 pandemic negatively affects economies and sectors in different nations owing to shutdowns, travel restrictions, and limitations for business activity. Food and beverages are among the remarkable industries bearing from severe disruptions such as restrictions on the supply chain and lockdown of production units. The lockdown of various plants and industries in various nations interrupt the global supply chains and adversely impacts the production activities, delivery schedules, and multiple goods sales.

Market Dynamics and Factor For Food Biotechnology:

Drivers:

The food biotechnology market is driven by the growing need for the improvement of the yield and quality of the edible items by modifying the genes. The development of the food and beverages industry, rise in disposable incomes, growth in population, and improvement in health awareness are some of the key factors are helps to boost of the market over forecasting period.

Growing penetration of advanced technologies to create new products by modifying plants, animals, and microorganisms’ genes to offer innovative solutions is helps to market growth. Switching trends towards healthy lifestyles followed by a growth in processed food demand has influenced the F&B manufacturers to improve the nutritional content in their products which triggering the growth of the market.

Reduction in overall production cost owing to the application of biotechnology will escalate the industry landscape. Various needs of markets are addressed through biotechnology as it reports the importance of precision in planting, growing, and harvesting crops. R&D of functional attributes of the crops through biotechnology will speed up the contract agreement between growers and food processing companies which will further help to accelerate the overall market growth.

Restraints:

Ethical issues concerning the production of genetically modified crops and the long research period hamper the food biotechnology market growth in the projected period.

Opportunities:

The growing efforts of food manufacturers to initiate biotechnological developments in products are anticipated to provide profitable opportunities for the growth of their business in the upcoming years, thereby stimulating the food biotechnology market.

The government’s promotion of biotechnology will positively impact the technology adoption during the forecasted timeframe as a surplus amount of expenditure is saved on extensive support programs create the opportunity path for the market growth in upcoming years. The rising number of market niches in the agriculture sector will further support market growth.

Market Segmentation

Based on Product Type, transgenic crops are projected to dominates the market due growing demand for genetically improved crops to increase the productivity in low producing or harsh climate conditions will turn the market growth. In addition, farmers switching from conventional seeds to bio-seeds to increase their profit margins will boost the market growth during forecast period.

Based on Application, animal segment holds largest share. Growing necessity to increase milk production in dairy cattle with rising demand will boost industry expansion. Strong growth in meat consumption such as processed meat attended by rising consumer consciousness on nutritional benefits will turn the biotech applications. For instance, according to FAO, global meat production is expected to growth, reach around 48MT by 2025. Furthermore, testing services for developing products to suit the human dietary requirements will helps to turn market growth in forecast period.

Players Covered in Food Biotechnology market 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 And Majore Key Players.

Regional Analysis:

North America region is projected to dominates the market. Growing investments on technological advancements coupled with high consumer spending on enriched products will augment the industry share. The U.S. is the highest producer of genetically modified crops around 75 million hectares area for biotech crops. In addition, being presence of large multinational corporations, growing private and government R&D investments, supported by effective government policies will accelerate the market growth. Moreover, positive application outlook of genetically modified yeast in developing new alcoholic beverages will helps to regional growth.

In Asia Pacific region food biotechnology market is expected to witnessing growth of the market. Leading economies such as China, India, and Japan together accounted the largest share in the region. The urge for dietary supplements is rising owing to a switching trend towards healthy lifestyles, thus growing the demand for nutritional ingredients. In addition, product development supported by the growth in per capita income will help to boost the biotech solutions on health foods. Moreover, the necessity to augment the agricultural output due to the growth in population, along with severe climatic variations will turn the biotechnology industry share.

Being presence of food manufacturer with innovation in product developments in Europe region high demand for food and beverages are factor helps to growth of the market during forecast period.

Key Industry Developments:

In June 2019, Advanced Instruments LLC collaborate with LA biosystems with an aiming to support the growth of biotechnology, microbiology and other technologies applied in food and beverages industry. The companies are committed to offering high quality products and adequate service and support in the food biotechnology market.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  3.5.1 Drivers
  3.5.2 Restraints
  3.5.3 Opportunities
  3.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 4: Food Biotechnology Market by Type
 4.1 Food Biotechnology Market Overview Snapshot and Growth Engine
 4.2 Food Biotechnology Market Overview
 4.3 Transgenic Crops
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size (2016-2028F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Transgenic Crops: Grographic Segmentation
 4.4 Synthetic Biology Derived Products
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size (2016-2028F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Synthetic Biology Derived Products: Grographic Segmentation

Chapter 5: Food Biotechnology Market by Application
 5.1 Food Biotechnology Market Overview Snapshot and Growth Engine
 5.2 Food Biotechnology Market Overview
 5.3 Animal
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Animal: Grographic Segmentation
 5.4 Plants
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Plants: Grographic Segmentation
 5.5 Microorganisms
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Microorganisms: Grographic Segmentation

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Positioning
  6.1.2 Food Biotechnology Sales and Market Share By Players
  6.1.3 Industry BCG Matrix
  6.1.4 Ansoff Matrix
  6.1.5 Food Biotechnology Industry Concentration Ratio (CR5 and HHI)
  6.1.6 Top 5 Food Biotechnology Players Market Share
  6.1.7 Mergers and Acquisitions
  6.1.8 Business Strategies By Top Players
 6.2 ABS GLOBAL
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Operating Business Segments
  6.2.5 Product Portfolio
  6.2.6 Business Performance
  6.2.7 Key Strategic Moves and Recent Developments
  6.2.8 SWOT Analysis
 6.3 ARCADIA BIOSCIENCES
 6.4 AQUABOUNTY TECHNOLOGIES
 6.5 BASF PLANT SCIENCE
 6.6 BAYER CROPSCIENCE AG
 6.7 CAMSON BIO TECHNOLOGIES LTD
 6.8 DOW AGROSCIENCES LLC
 6.9 DUPONT PIONEER
 6.10 EVOGENE LTD
 6.11 HY-LINE INTERNATIONAL
 6.12 KWS GROUP
 6.13 MONSANTO
 6.14 ORIGIN AGRITECH LIMITED
 6.15 SYNGENTA AG

Chapter 7: Global Food Biotechnology Market Analysis, Insights and Forecast, 2016-2028
 7.1 Market Overview
 7.2 Historic and Forecasted Market Size By Type
  7.2.1 Transgenic Crops
  7.2.2 Synthetic Biology Derived Products
 7.3 Historic and Forecasted Market Size By Application
  7.3.1 Animal
  7.3.2 Plants
  7.3.3 Microorganisms

Chapter 8: North America Food Biotechnology Market Analysis, Insights and Forecast, 2016-2028
 8.1 Key Market Trends, Growth Factors and Opportunities
 8.2 Impact of Covid-19
 8.3 Key Players
 8.4 Key Market Trends, Growth Factors and Opportunities
 8.4 Historic and Forecasted Market Size By Type
  8.4.1 Transgenic Crops
  8.4.2 Synthetic Biology Derived Products
 8.5 Historic and Forecasted Market Size By Application
  8.5.1 Animal
  8.5.2 Plants
  8.5.3 Microorganisms
 8.6 Historic and Forecast Market Size by Country
  8.6.1 U.S.
  8.6.2 Canada
  8.6.3 Mexico

Chapter 9: Europe Food Biotechnology Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Type
  9.4.1 Transgenic Crops
  9.4.2 Synthetic Biology Derived Products
 9.5 Historic and Forecasted Market Size By Application
  9.5.1 Animal
  9.5.2 Plants
  9.5.3 Microorganisms
 9.6 Historic and Forecast Market Size by Country
  9.6.1 Germany
  9.6.2 U.K.
  9.6.3 France
  9.6.4 Italy
  9.6.5 Russia
  9.6.6 Spain

Chapter 10: Asia-Pacific Food Biotechnology Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Transgenic Crops
  10.4.2 Synthetic Biology Derived Products
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Animal
  10.5.2 Plants
  10.5.3 Microorganisms
 10.6 Historic and Forecast Market Size by Country
  10.6.1 China
  10.6.2 India
  10.6.3 Japan
  10.6.4 Southeast Asia

Chapter 11: South America Food Biotechnology Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Transgenic Crops
  11.4.2 Synthetic Biology Derived Products
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Animal
  11.5.2 Plants
  11.5.3 Microorganisms
 11.6 Historic and Forecast Market Size by Country
  11.6.1 Brazil
  11.6.2 Argentina

Chapter 12: Middle East & Africa Food Biotechnology Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Transgenic Crops
  12.4.2 Synthetic Biology Derived Products
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Animal
  12.5.2 Plants
  12.5.3 Microorganisms
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Saudi Arabia
  12.6.2 South Africa

Chapter 13 Investment Analysis

Chapter 14 Analyst Viewpoint and Conclusion

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. FOOD BIOTECHNOLOGY MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. FOOD BIOTECHNOLOGY MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. FOOD BIOTECHNOLOGY MARKET COMPETITIVE RIVALRY
TABLE 005. FOOD BIOTECHNOLOGY MARKET THREAT OF NEW ENTRANTS
TABLE 006. FOOD BIOTECHNOLOGY MARKET THREAT OF SUBSTITUTES
TABLE 007. FOOD BIOTECHNOLOGY MARKET BY TYPE
TABLE 008. TRANSGENIC CROPS MARKET OVERVIEW (2016-2028)
TABLE 009. SYNTHETIC BIOLOGY DERIVED PRODUCTS MARKET OVERVIEW (2016-2028)
TABLE 010. FOOD BIOTECHNOLOGY MARKET BY APPLICATION
TABLE 011. ANIMAL MARKET OVERVIEW (2016-2028)
TABLE 012. PLANTS MARKET OVERVIEW (2016-2028)
TABLE 013. MICROORGANISMS MARKET OVERVIEW (2016-2028)
TABLE 014. NORTH AMERICA FOOD BIOTECHNOLOGY MARKET, BY TYPE (2016-2028)
TABLE 015. NORTH AMERICA FOOD BIOTECHNOLOGY MARKET, BY APPLICATION (2016-2028)
TABLE 016. N FOOD BIOTECHNOLOGY MARKET, BY COUNTRY (2016-2028)
TABLE 017. EUROPE FOOD BIOTECHNOLOGY MARKET, BY TYPE (2016-2028)
TABLE 018. EUROPE FOOD BIOTECHNOLOGY MARKET, BY APPLICATION (2016-2028)
TABLE 019. FOOD BIOTECHNOLOGY MARKET, BY COUNTRY (2016-2028)
TABLE 020. ASIA PACIFIC FOOD BIOTECHNOLOGY MARKET, BY TYPE (2016-2028)
TABLE 021. ASIA PACIFIC FOOD BIOTECHNOLOGY MARKET, BY APPLICATION (2016-2028)
TABLE 022. FOOD BIOTECHNOLOGY MARKET, BY COUNTRY (2016-2028)
TABLE 023. MIDDLE EAST & AFRICA FOOD BIOTECHNOLOGY MARKET, BY TYPE (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA FOOD BIOTECHNOLOGY MARKET, BY APPLICATION (2016-2028)
TABLE 025. FOOD BIOTECHNOLOGY MARKET, BY COUNTRY (2016-2028)
TABLE 026. SOUTH AMERICA FOOD BIOTECHNOLOGY MARKET, BY TYPE (2016-2028)
TABLE 027. SOUTH AMERICA FOOD BIOTECHNOLOGY MARKET, BY APPLICATION (2016-2028)
TABLE 028. FOOD BIOTECHNOLOGY MARKET, BY COUNTRY (2016-2028)
TABLE 029. ABS GLOBAL: SNAPSHOT
TABLE 030. ABS GLOBAL: BUSINESS PERFORMANCE
TABLE 031. ABS GLOBAL: PRODUCT PORTFOLIO
TABLE 032. ABS GLOBAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 032. ARCADIA BIOSCIENCES: SNAPSHOT
TABLE 033. ARCADIA BIOSCIENCES: BUSINESS PERFORMANCE
TABLE 034. ARCADIA BIOSCIENCES: PRODUCT PORTFOLIO
TABLE 035. ARCADIA BIOSCIENCES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. AQUABOUNTY TECHNOLOGIES: SNAPSHOT
TABLE 036. AQUABOUNTY TECHNOLOGIES: BUSINESS PERFORMANCE
TABLE 037. AQUABOUNTY TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 038. AQUABOUNTY TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. BASF PLANT SCIENCE: SNAPSHOT
TABLE 039. BASF PLANT SCIENCE: BUSINESS PERFORMANCE
TABLE 040. BASF PLANT SCIENCE: PRODUCT PORTFOLIO
TABLE 041. BASF PLANT SCIENCE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. BAYER CROPSCIENCE AG: SNAPSHOT
TABLE 042. BAYER CROPSCIENCE AG: BUSINESS PERFORMANCE
TABLE 043. BAYER CROPSCIENCE AG: PRODUCT PORTFOLIO
TABLE 044. BAYER CROPSCIENCE AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. CAMSON BIO TECHNOLOGIES LTD: SNAPSHOT
TABLE 045. CAMSON BIO TECHNOLOGIES LTD: BUSINESS PERFORMANCE
TABLE 046. CAMSON BIO TECHNOLOGIES LTD: PRODUCT PORTFOLIO
TABLE 047. CAMSON BIO TECHNOLOGIES LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. DOW AGROSCIENCES LLC: SNAPSHOT
TABLE 048. DOW AGROSCIENCES LLC: BUSINESS PERFORMANCE
TABLE 049. DOW AGROSCIENCES LLC: PRODUCT PORTFOLIO
TABLE 050. DOW AGROSCIENCES LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. DUPONT PIONEER: SNAPSHOT
TABLE 051. DUPONT PIONEER: BUSINESS PERFORMANCE
TABLE 052. DUPONT PIONEER: PRODUCT PORTFOLIO
TABLE 053. DUPONT PIONEER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. EVOGENE LTD: SNAPSHOT
TABLE 054. EVOGENE LTD: BUSINESS PERFORMANCE
TABLE 055. EVOGENE LTD: PRODUCT PORTFOLIO
TABLE 056. EVOGENE LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. HY-LINE INTERNATIONAL: SNAPSHOT
TABLE 057. HY-LINE INTERNATIONAL: BUSINESS PERFORMANCE
TABLE 058. HY-LINE INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 059. HY-LINE INTERNATIONAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. KWS GROUP: SNAPSHOT
TABLE 060. KWS GROUP: BUSINESS PERFORMANCE
TABLE 061. KWS GROUP: PRODUCT PORTFOLIO
TABLE 062. KWS GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. MONSANTO: SNAPSHOT
TABLE 063. MONSANTO: BUSINESS PERFORMANCE
TABLE 064. MONSANTO: PRODUCT PORTFOLIO
TABLE 065. MONSANTO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. ORIGIN AGRITECH LIMITED: SNAPSHOT
TABLE 066. ORIGIN AGRITECH LIMITED: BUSINESS PERFORMANCE
TABLE 067. ORIGIN AGRITECH LIMITED: PRODUCT PORTFOLIO
TABLE 068. ORIGIN AGRITECH LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. SYNGENTA AG: SNAPSHOT
TABLE 069. SYNGENTA AG: BUSINESS PERFORMANCE
TABLE 070. SYNGENTA AG: PRODUCT PORTFOLIO
TABLE 071. SYNGENTA AG: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. FOOD BIOTECHNOLOGY MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. FOOD BIOTECHNOLOGY MARKET OVERVIEW BY TYPE
FIGURE 012. TRANSGENIC CROPS MARKET OVERVIEW (2016-2028)
FIGURE 013. SYNTHETIC BIOLOGY DERIVED PRODUCTS MARKET OVERVIEW (2016-2028)
FIGURE 014. FOOD BIOTECHNOLOGY MARKET OVERVIEW BY APPLICATION
FIGURE 015. ANIMAL MARKET OVERVIEW (2016-2028)
FIGURE 016. PLANTS MARKET OVERVIEW (2016-2028)
FIGURE 017. MICROORGANISMS MARKET OVERVIEW (2016-2028)
FIGURE 018. NORTH AMERICA FOOD BIOTECHNOLOGY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 019. EUROPE FOOD BIOTECHNOLOGY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. ASIA PACIFIC FOOD BIOTECHNOLOGY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. MIDDLE EAST & AFRICA FOOD BIOTECHNOLOGY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. SOUTH AMERICA FOOD BIOTECHNOLOGY MARKET OVERVIEW BY COUNTRY (2016-2028)