Food Biotechnology Market Growth, Size, Share, Trends, and Forecast 2032

Food Biotechnology Market

Food Biotechnology Market By Type (transgenic and synthetic biology derived items), By Application (plants and animals) And By Region: - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2024-2032

Category: Food & Beverage Report Format : PDF Report Code: ZMR-4324 Status : Upcoming
Market Size in 2023 Market Forecast in 2032 Growth Rate (in %) Base Year
USD 21.43 Billion USD 51.79 Billion CAGR at 10.42% 2023

Description

According to the report published by Zion Market Research, the global Food Biotechnology Market size was valued at USD 21.43 Billion in 2023 and is predicted to reach USD 51.79 Billion by the end of 2032. The market is expected to grow with a CAGR of 10.42% during the forecast period. The report analyzes the global Food Biotechnology Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Food Biotechnology Market industry.

Global Food Biotechnology Market SizeRequest Free Sample

Global Food Biotechnology Market: Overview

Food biotechnology is a technology to alter the microorganisms, animals, and plants genome for producing new species that have desired nutritive value.It also helps genetically modified plants and animals to improve taste, nutrition, food quality, and shelf life. Even in past, biotechnology found massive application in food processing. For instance, fermentation a kind of biotechnology- has been used since many years to manufacture bread, wine, and beer. Hybridization of rice, wheat, and corn has produced myriad kinds of enhanced yields with the help of food biotechnology.

Global Food Biotechnology Market: Growth Factors

Food biotechnology market is expected to register a massive growth over the coming years, subject to large-scale penetration of new technologies for producing new products through gene alteration of various plants, microbes, and animals. Additionally, acceptance of healthy lifestyles coupled with escalating demand for food has prompted food & beverage manufacturers to enhance the nutrient value of their food products, thereby offering new growth avenues for the industry participants.

Moreover, robust development in functional food & beverages and dietary supplements sector will catalyze the food biotechnology market expansion in the coming years. Additionally, high growth witnessed across food sector and low cost of biotechnology solutions in emerging economies will proliferate the market demand. Nonetheless, thriving organic food sector is predicted to curtail the demand for genetically modified crops and this, in turn, will inhibit the expansion of food biotechnology market. However, strict legislations to improve the product quality and shelf life will contribute notably towards the market size, thereby nullifying the impact of the hindrances on the market progression.

Food Biotechnology MarketRequest Free Sample

Global Food Biotechnology Market: Segmentation

The food biotechnology market can be sectored into type and application.

On the basis of type, the industry can be segmented into transgenic and synthetic biology derived items.

Application wise, the food biotechnology marketis divided into plants and animals.

Food Biotechnology Market : Report Scope

Report Attributes Report Details
Report Name Food Biotechnology Market Research Report
Market Size in 2023 USD 21.43 Billion
Market Forecast in 2032 USD 51.79 Billion
Growth Rate CAGR of 10.42%
Number of Pages 201
Key Companies Covered AquaBounty Technologies, Arcadia Biosciences, BASF SE, Dow AgroSciences LLC, ABS Global, Bayer CropScience AG, Camson Bio Technologies Ltd., BDF Ingredients Zuchem, and Monsanto.
Segments Covered By Type, By Application and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Food Biotechnology Market: Regional Analysis

Region wise, the food biotechnology market can be divided into five main regions: North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Food biotechnology market in North America is projected to witness a lucrative surge over the years ahead. The regional growth can be accredited to massive investments in development of new technologies along with massive customer expenditure on nutritious food items. Apart from this, the huge presence of multinational corporations, rise in the number of private & government funding of research & development activities, and legislations favoring use of food biotechnology in the countries such as the U.S. will embellish the industry trends. Additionally, large-scale genetically altered yeast production in manufacturing of new kinds of alcoholic drinks will catalyze the regional expansion.

Food biotechnology industry in Asia Pacific regionis slated to experience a lucrative surge over the forthcoming years, owing to escalating demand for food supplements as a result of healthy lifestyle adoption by the population of the region. Additionally, product innovation along with increase in the per capita expenditure will steer the industry growth in the region. Furthermore, rapidly rising population has generated the necessity for more crop yield and this has been transformed into more market demand.

Global Food Biotechnology Market: Competitive Players

Few of the main participants in food biotechnology market are :

  • AquaBounty Technologies
  • Arcadia Biosciences
  • BASF SE
  • Dow AgroSciences LLC
  • ABS Global
  • Bayer CropScience AG
  • Camson Bio Technologies Ltd.
  • BDF Ingredients Zuchem
  • Monsanto.

The Global Food Biotechnology Market is segmented as follows:

By Type 

  • transgenic 
  • synthetic biology derived items 

By Application 

  • plants
  • animals

Global Food Biotechnology Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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