Global Food Biotechnology Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Food Biotechnology Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Food biotechnology is the field of biotechnology, which is used to modify genes of animals, plants, and microorganisms to create genetically modified products having high nutrition related properties. Genetically advanced products have benefitted farmers, producers, and consumers by increasing their yield and improving the quality of crops, which in turn is expected to drive the market.

Market Overview:

The latest research study on the global Food Biotechnology market finds that the global Food Biotechnology market reached a value of USD 44380.0 million in 2022. It’s expected that the market will achieve USD 62847.06 million by 2028, exhibiting a CAGR of 5.97% during the forecast period.

Solved the problem of food shortage

Food Biotechnology can reduce the use of pesticides, avoid environmental pollution, save production costs, and lower food sales prices. Solve the shortage of food.

Increase the type of food

Through the transformation of genes, increasing the variety of foods, thereby improving the quality of food, providing diversification of food for people to choose from.

Nutrient change

Food Biotechnology may cause changes in the metabolism of the organism, causing changes in the nutrients of the organism. Changes in the composition of Food Biotechnology, especially the content of toxic substances, anti-nutritional factors, allergens, etc., will affect the safety of the organism as food.

Genetically modified foods may cause harm to the human body

Toxins in genetically modified crops can cause acute or chronic poisoning or carcinogenic, teratogenic, mutagenic effects in humans, and immune or sensitizing substances in crops can cause abnormal or allergic reactions in the human body. Changes in the main nutrients, micronutrients and anti-nutritional factors in genetically modified foods will reduce the nutritional value of foods and unbalance their nutritional structure.

Region Overview:

In 2021, the share of the Food Biotechnology market in North America stood at 30.52%.

Company Overview:

BASF Plant Science is one of the major players operating in the Food Biotechnology market, holding a share of 16.31% in 2020.

BASF Plant Science

BASF Plant Science GmbH engages in plant biotechnology. The company focuses on the optimization of crops for agriculture, renewable raw materials, and nutrition. Its projects include development of plants that can resist environmental factors, such as drought or disease; plants with a higher content of Omega-3 fatty acids for preventing cardiovascular diseases; plants with a higher nutritional value for animals; and potatoes with optimized starch composition for industrial use, as well as increasing yield in grain crops, such as corn, rice, and soybeans.

BDF Ingredients

BDF Natural Ingredients is a company specialised in the research, manufacture and commercialisation of ingredients and additives used in the food sector.

Segmentation Overview:

Among different product types, Transgenic Crops segment is anticipated to contribute the largest market share in 2027.

Transgenic Crops Transgenic Crops use genetic engineering to add the genes of the original crops to the genetic material of other organisms, and remove the bad genes, resulting in better quality crops. Usually genetically modified crops can increase crop yield, improve quality, and improve drought resistance, cold resistance and other characteristics.

Synthetic Biology Derived Products

Obtaining genetic information related to useful features in an organism and adding it to another organism, thereby changing the order of DNA.

Application Overview:

In the Food Biotechnology market, 76.99% of the total value was generated through the Plant segment by application in 2021.

Key Companies in the global Food Biotechnology market covered in Chapter 3:

AquaBounty Technologies
Bayer CropScience AG
Perfectday foods
ABS Global
Camson Bio Technologies Ltd
Dow AgroSciences LLC
BDF Ingredients
BASF Plant Science
Zuchem
Clara Foods
Arcadia Biosciences
Friesland Campina
DuPont Pioneer
KWS Group
Terramino Foods
Hy-Line International

In Chapter 4 and Chapter 14.2, on the basis of types, the Food Biotechnology market from 2018 to 2029 is primarily split into:

Transgenic Crops
Synthetic Biology Derived Products
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Food Biotechnology market from 2018 to 2029 covers:

Animals
Plants
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)