+1-888-308-5802     
News Contact Us

Food Biotechnology Market 2019 By Industry Growth & Regional Forecast

Author : Rahul Sankrityayan | Published Date : 2019-06-28 

Global Market Insights, Inc. has announced the launch of Food Biotechnology Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

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.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3334

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.

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.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/3334

Rapid expansion of beverage sector will also provide new growth opportunities in the food biotechnology market share. Fermentation is the key process used in beverage and bakery industry, thus creating new avenues for industry participants. Emerging middle-class consumers in developing economies with rapid urbanization is anticipated to propel implementation of biotechnology solutions in beverage sector. Increasing demand for high-quality & premium beverages accompanied rising disposable income will support manufacturers investment in new product development.

Food Biotechnology Market, By Type

  • Transgenic crops
  • Synthetic biotechnology derived products

Food Biotechnology Market, By Application

  • Animals
  • Plants
  • Others (micro-organisms)

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.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/food-biotechnology-market

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.

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.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

Related News

U.S. Commercial Boiler Market Price Trends, Competitive Market Share & Forecast, 2018 – 2024

Published Date: 2019-07-22         Author: Rahul Sankrityayan

The efforts put forth by the U.S. government to ensure energy optimization & lower energy consumption is certain to fuel U.S. commercial boiler market. Of late, regulatory organizations have become highly stringent as far as the carbon emissions is considered. On the grounds of environmental saf... Read More

Global boiler market is anticipated to exceed 13 Million Units by 2024

Published Date: 2019-07-22         Author: Rahul Sankrityayan

The growing trends of urbanization and industrialization have provided an appreciable impetus to global boiler market. Condenser and steam boiler and heat distribution systems have been garnering immense popularity lately, across numerous sectors, including the food processing, paper, and chemical r... Read More

Medical Radiation Shielding Market to witness major growth in coming years

Published Date: 2019-07-22         Author: Rahul Sankrityayan

Medical radiation shielding size is expected to grow significantly from 2019 to 2025. The medical radiation shielding market is estimated to witness lucrative growth over the coming years owing to the increasing prevalence of cancer across the world. Increasing adoption of unhealthy food habits and ... Read More

© 2019 Fractovia. All Rights Reserved