The global Agricultural Biotechnology Market size was valued at USD 140.25 Billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 10.9% during the forecast period, reaching a value of USD 310.76 Billion by 2030.
Agricultural Biotechnology Market research report by Future Data Stats, offers a comprehensive view of the Market's historical data from 2019 to 2022, capturing trends, growth patterns, and key drivers. It establishes 2023 as the base year, analysing the Market landscape, consumer behaviour, competition, and regulations. Additionally, the report presents a well-researched forecast period from 2024 to 2032, leveraging data analysis techniques to project the Market's growth trajectory, emerging opportunities, and anticipated challenges.
MARKET OVERVIEW:
Agricultural biotechnology revolutionizes the field of farming by enhancing crop traits and improving overall agricultural productivity. Scientists employ advanced techniques to manipulate the genetic makeup of plants, introducing desirable characteristics such as disease resistance, increased yield, and enhanced nutritional content. This technology enables farmers to cultivate crops that are more resilient to environmental stressors, thereby reducing the reliance on pesticides and herbicides. Agricultural biotechnology holds immense promise in addressing food security challenges and ensuring sustainable agricultural practices for future generations.
In addition to crop improvement, agricultural biotechnology plays a crucial role in the development of genetically modified organisms (GMOs). Through genetic engineering, scientists can introduce specific genes into organisms, including microorganisms, animals, and crops, to confer unique traits. This enables the production of genetically modified crops with enhanced nutritional value or improved tolerance to drought and pests. Furthermore, agricultural biotechnology has the potential to revolutionize livestock production by enhancing animal health, improving feed efficiency, and reducing the environmental impact. By harnessing the power of biotechnology, we can unlock innovative solutions to enhance food production, foster environmental sustainability, and address the evolving demands of a growing population.
MARKET DYNAMICS:
The increasing global population and the growing demand for food require innovative solutions to enhance crop yield and quality. Agricultural biotechnology offers the potential to develop genetically modified organisms (GMOs) that are more resistant to pests, diseases, and adverse environmental conditions, thereby increasing productivity and reducing crop losses. Secondly, advancements in biotechnology research and genetic engineering techniques have paved the way for the development of new and improved crop varieties with desirable traits, such as drought tolerance, herbicide resistance, and enhanced nutritional content. These traits not only benefit farmers by improving their agricultural practices but also address consumer demands for healthier and sustainable food options.
The complex regulatory landscape surrounding GMOs and genetically engineered crops. Stringent regulations and lengthy approval processes can hinder the commercialization of biotech products, leading to delays and increased costs for companies operating in this sector. Additionally, public concerns regarding the safety and potential environmental impacts of GMOs can create resistance and opposition to their adoption, further impeding market growth. It is crucial for industry stakeholders to engage in effective communication and education initiatives to address these concerns and foster public acceptance of agricultural biotechnology.
The rising trend of precision agriculture, which involves the use of advanced technologies and data analytics to optimize farming practices, presents significant prospects for biotech companies. By combining genetic engineering with precision agriculture techniques, farmers can achieve better crop management, reduced resource wastage, and improved sustainability. Moreover, increasing investments in research and development activities focused on biotech innovations, such as gene editing and synthetic biology, open doors for further advancements in agricultural biotechnology. These developments hold the potential to revolutionize farming practices, mitigate food security challenges, and contribute to the sustainable development of the agricultural sector.
AGRICULTURAL BIOTECHNOLOGY MARKET SEGMENTAL ANALYSIS
BY TYPE:
These include Genetic Engineering, which involves the manipulation and modification of an organism's genetic material to enhance desired traits. Molecular Diagnostics is also a significant contributor, as it utilizes techniques to identify and analyze genetic information in agricultural organisms, aiding in disease detection and crop improvement. Additionally, the implementation of Molecular Markers plays a crucial role by enabling the identification and selection of desirable traits in plants and animals. Another influential factor is Tissue Culture, a technique used for the large-scale production of plants with specific characteristics through the cultivation of plant cells or tissues in a controlled environment. Furthermore, the development of Vaccines tailored specifically for agricultural organisms has revolutionized disease prevention and control in the industry.
Genetic Engineering enables scientists to manipulate the genetic material of organisms, resulting in enhanced traits for improved agricultural productivity. Another important factor is Molecular Diagnostics, which involves the application of advanced techniques to analyze and identify genetic information in agricultural organisms, facilitating disease detection and crop improvement. Molecular Markers are also instrumental, allowing researchers to identify and select desirable traits in plants and animals for breeding purposes. Tissue Culture, on the other hand, offers a controlled environment for the large-scale production of plants with specific characteristics, contributing to the market's growth. Lastly, the development of Vaccines tailored specifically for agricultural organisms has revolutionized disease prevention and control in the agricultural industry.
Genetic Engineering is a crucial factor as it involves the manipulation of an organism's genetic material to enhance desired traits, leading to improved agricultural productivity. Molecular Diagnostics is another significant contributor, utilizing advanced techniques to analyze and identify genetic information in agricultural organisms, aiding in disease detection and crop improvement. Molecular Markers play a vital role by enabling the identification and selection of desirable traits in plants and animals, enhancing breeding programs. Tissue Culture, on the other hand, provides a controlled environment for the large-scale production of plants with specific characteristics, further boosting the market.
BY APPLICATION:
Crop Improvement, where agricultural biotechnology techniques are used to enhance the characteristics and yields of crops, leading to increased productivity and resilience. Another important factor is Animal Improvement, which involves utilizing biotechnology to enhance the genetic traits of livestock for improved productivity, disease resistance, and desirable traits. Additionally, the use of biotechnology in the production of Biofuels and Bioenergy plays a significant role in the market, as it offers sustainable alternatives to fossil fuels. Furthermore, biotechnology plays a crucial role in Plant and Animal Health by providing innovative solutions for disease prevention, diagnostics, and treatment. Lastly, the application of agricultural biotechnology in Food and Nutrition aims to improve the nutritional content, quality, and safety of food products to meet the growing demands of a global population.
Crop Improvement is one such application, where biotechnology techniques are employed to enhance crop characteristics and increase yields, resulting in improved productivity and resilience in agricultural systems. Another important factor is Animal Improvement, which involves using biotechnology to enhance the genetic traits of livestock, leading to increased productivity, disease resistance, and the development of desirable traits. Additionally, the market is influenced by the application of biotechnology in the production of Biofuels and Bioenergy, offering sustainable alternatives to fossil fuels. Plant and Animal Health is another crucial application, where biotechnology provides innovative solutions for disease prevention, diagnostics, and treatment in agricultural organisms. Lastly, the application of agricultural biotechnology in Food and Nutrition focuses on improving the nutritional content, quality, and safety of food products to meet the demands of a growing global population.
Crop Improvement is a significant application, where biotechnology techniques are utilized to enhance crop characteristics and increase yields, improving agricultural productivity and resilience. Animal Improvement is another important factor, involving the use of biotechnology to enhance the genetic traits of livestock, leading to improved productivity, disease resistance, and the development of desirable traits. Additionally, the market is influenced by the application of biotechnology in the production of Biofuels and Bioenergy, offering sustainable alternatives to fossil fuels. Plant and Animal Health is also a significant application, where biotechnology provides innovative solutions for disease prevention, diagnostics, and treatment in agricultural organisms.
BY CROP TYPE:
The increasing demand for biotech crops in various crop types. Corn, soybean, cotton, wheat, rice, canola, and others such as vegetables and fruits are witnessing a significant adoption of agricultural biotechnology. This adoption is driven by the need for enhanced crop yield, resistance to pests and diseases, improved nutritional content, and tolerance to environmental conditions. These factors contribute to the overall expansion of the Agricultural Biotechnology Market.
Corn is extensively cultivated worldwide, and the adoption of biotech varieties has proven to be highly beneficial. Biotech corn offers traits such as insect resistance, herbicide tolerance, and improved productivity, which are highly sought after by farmers. Similarly, soybean, cotton, wheat, rice, canola, and other crops are also experiencing a surge in the adoption of agricultural biotechnology, as these traits help farmers overcome challenges and improve their agricultural practices.
Biotechnology is being employed to develop genetically modified varieties of vegetables and fruits that possess desirable traits like improved shelf life, disease resistance, and enhanced nutritional content. This enables farmers to cultivate crops that meet consumer demands and ensure better productivity. The integration of agricultural biotechnology across a wide range of crop types signifies its growing influence and the potential it holds for the future of agriculture.
BY END USER:
Farmers are a primary driving force in the market, as they seek innovative solutions to enhance their crop productivity, reduce losses, and improve overall agricultural practices. The adoption of agricultural biotechnology offers farmers access to genetically modified crops that are resistant to pests, diseases, and harsh environmental conditions, enabling them to achieve better yields and profitability.
Agricultural companies also play a significant role in the Agricultural Biotechnology Market. These companies provide farmers with biotechnology products, including seeds, fertilizers, and crop protection solutions. They work closely with farmers to understand their needs and develop tailored solutions that address specific challenges. By incorporating biotechnology into their offerings, agricultural companies contribute to the growth and development of the market.
Research institutes and biotechnology companies are key contributors to the advancement of agricultural biotechnology. Research institutes conduct extensive studies and experiments to discover new biotechnological innovations that can revolutionize the agricultural sector. They collaborate with biotechnology companies, which specialize in developing and commercializing these innovations. Through their joint efforts, research institutes and biotechnology companies drive the progress of the Agricultural Biotechnology Market by introducing cutting-edge technologies and products.
Additionally, government agencies and non-governmental organizations (NGOs) also play a role in the Agricultural Biotechnology Market. They provide support, funding, and regulatory frameworks to ensure the safe and responsible adoption of agricultural biotechnology. These entities work towards promoting sustainable agricultural practices and addressing any societal concerns associated with biotechnology. Their involvement contributes to the overall growth and acceptance of agricultural biotechnology.
BY DISTRIBUTION CHANNEL:
Direct sales play a significant role in the market, where biotechnology companies directly sell their products to end users such as farmers and agricultural companies. This approach allows for personalized engagement, efficient communication, and direct feedback between the biotechnology companies and their customers, facilitating a streamlined distribution process.
Agricultural biotechnology products are made available through retail stores, including agrochemical retailers and agricultural supply stores. These retail channels serve as convenient access points for farmers and other end users to purchase biotechnology products. Retail sales provide a physical presence and customer support, enabling farmers to make informed decisions and receive guidance on product selection and usage.
Online platforms and e-commerce websites offer a convenient and accessible way for farmers and other end users to purchase biotechnology products. This channel provides a wide range of product options, detailed information, and customer reviews, allowing buyers to compare and select the most suitable biotechnology products for their agricultural needs.
KEY MARKET PLAYERS:
- Monsanto Company
- Syngenta AG
- Bayer AG
- DowDuPont Inc.
- BASF SE
- Pioneer Hi-Bred International, Inc.
- KWS SAAT SE
- Limagrain
- Groupe Roullier
- Evogene Ltd.
- Certis USA LLC
- Agilent Technologies, Inc.
- GenScript Biotech Corporation
- Novozymes A/S
- Intrexon Corporation
- Precision BioSciences Inc.
- Cibus
- Calyxt, Inc.
- Benson Hill Biosystems, Inc.
- Arcadia Biosciences, Inc.
- Indigo Agriculture
- Global BioAg Linkages
- Verdesian Life Sciences, LLC
- Valagro SpA
- Marrone Bio Innovations, Inc.
Table of Contents
Introduction
1.1 Overview
1.2 Scope of the Report
1.3 Methodology
1.4 Key Stakeholders
Executive Summary
Market Overview
3.1 Market Definition
3.2 Evolution of Agricultural Biotechnology
3.3 Current Market Trends
3.4 Market Dynamics
3.4.1 Drivers
3.4.2 Restraints
3.4.3 Opportunities
3.4.4 Challenges
Market Segmentation
4.1 By Product Type
4.1.1 Genetically Modified Crops
4.1.2 Biopesticides
4.1.3 Biostimulants
4.1.4 Others
4.2 By Application
4.2.1 Crop Improvement
4.2.2 Livestock Improvement
4.2.3 Others
4.3 By Region
Competitive Landscape
5.1 Market Share Analysis
5.2 Key Strategies and Developments
5.3 Company Profiles
5.3.1 Company A
5.3.2 Company B
5.3.3 Company C
5.3.4 Company D
5.3.5 Company E
Market Opportunities and Future Trends
Conclusion
Appendix
8.1 Data Sources
8.2 Abbreviations
8.3 Disclaimer
Agricultural Biotechnology Market Segmentation:
By Type:
- Genetic Engineering
- Molecular Diagnostics
- Molecular Markers
- Tissue Culture
- Vaccines
By Application:
- Crop Improvement
- Animal Improvement
- Biofuels and Bioenergy
- Plant and Animal Health
- Food and Nutrition
By Crop Type:
- Corn
- Soybean
- Cotton
- Wheat
- Rice
- Canola
- Others (vegetables, fruits, etc.)
By End User:
- Farmers
- Agricultural Companies
- Research Institutes
- Biotechnology Companies
- Others (government agencies, NGOs, etc.)
By Distribution Channel:
- Direct Sales
- Retail Sales
- Online Sales
- Others (distributors, agents, etc.)
By Geography:
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
- South America (Brazil, Argentina, Columbia, Rest of South America)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Reasons to Buy this Report
- Comprehensive Insights: Market research reports provide in-depth and comprehensive insights into various industries, markets, and sectors. These reports are prepared after extensive data collection, analysis, and interpretation, offering you valuable information and a clear understanding of market trends, dynamics, and opportunities.
- Future Predictions: Market research reports often include future data statistics, forecasts, and predictions. These predictions are based on rigorous analysis and modeling techniques, taking into account various factors such as market growth drivers, challenges, and emerging trends. By accessing these future data stats, you can make informed decisions and develop strategies that align with the projected market scenarios.
- Industry Analysis: Market research reports offer detailed industry analysis, including factors such as market size, market share, competitive landscape, and key players. These reports provide an overview of the industry's current status, growth potential, and competitive dynamics, enabling you to identify lucrative opportunities and stay ahead of the competition.
- Market Trends and Opportunities: By purchasing market research reports, you gain access to up-to-date information on market trends and emerging opportunities. These reports highlight the latest consumer preferences, technological advancements, regulatory changes, and other influential factors shaping the market landscape. Keeping track of these trends helps you identify potential growth areas and adapt your business strategies accordingly.
- Risk Mitigation: Investing in a market research report can help mitigate risks associated with market uncertainties. The reports provide insights into potential risks, challenges, and barriers to entry in specific markets or industries. With this knowledge, you can develop risk mitigation strategies, anticipate market fluctuations, and make informed decisions to minimize potential losses.
- Investment Decision Support: Market research reports are valuable tools for investors, venture capitalists, and financial institutions. These reports provide reliable and data-driven information that aids in investment decision-making processes. By analyzing market research reports, investors can evaluate the market potential, assess the feasibility of investment opportunities, and gauge the expected returns on investment.
- Product Development and Innovation: Market research reports offer insights into consumer preferences, needs, and demands. This information can be leveraged for product development and innovation. By understanding the market dynamics and consumer behavior, you can tailor your products or services to meet the evolving needs of your target audience, leading to enhanced customer satisfaction and market success.
- Strategic Planning: Market research reports serve as a foundation for strategic planning. They provide a comprehensive overview of the market landscape, competitive positioning, and growth potential. With this knowledge, you can develop effective business strategies, set realistic goals, and allocate resources efficiently. Strategic planning based on accurate market research helps optimize your operations and improve your chances of success.
- Market Entry and Expansion: For businesses looking to enter new markets or expand their existing operations, market research reports are indispensable. These reports provide insights into market dynamics, consumer behavior, regulatory frameworks, and competitive landscapes specific to the target markets. This information helps you assess the feasibility of market entry, identify potential obstacles, and develop market entry strategies that increase your chances of success.
- Evidence-Based Decision Making: Market research reports provide evidence-based data and analysis, enabling you to make informed decisions. Rather than relying on assumptions or guesswork, you can base your decisions on reliable information and market insights. Evidence-based decision making reduces the risk of costly mistakes and increases the likelihood of achieving your business objectives.
RESEARCH METHODOLOGY
With a collective industry experience of about 70 years of analysts and experts, Future Data Stats encompasses the most infallible research methodology for its market intelligence and industry analysis. Not only does the company dig deep into the innermost levels of the market, but also examines the minutest details for its market estimates and forecasts.
This approach helps build a greater market-specific view of size, shape, and industry trends within each industry segment. Various industry trends and real-time developments are factored into identifying key growth factors and the future course of the market. The research proceeds are the results of high-quality data, expert views & analysis, and valuable independent opinions. The research process is designed to deliver a balanced view of the global markets and allows stakeholders to make informed decisions, to attain their highest growth objectives.
Future Data Stats offers its clients exhaustive research and analysis, based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models distill the data & statistics and enhance the accuracy of our recommendations and advice.
With Future Data Stats calibrated research process and 360° data-evaluation methodology, the clients receive:
- Consistent, valuable, robust, and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through a well-audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of the marketplace
With this strong methodology, Future Data Stats ensures that its research and analysis is most reliable and guarantees sound business planning.
The research methodology of the global market involves extensive primary and secondary research. Primary research includes about 24 hours of interviews and discussions with a wide range of stakeholders that include upstream and downstream participants. Primary research typically is a bulk of our research efforts, coherently supported by extensive secondary research. Over 3000 product literature, industry releases, annual reports, and other such documents of key industry participants have been reviewed to obtain a better market understanding and gain enhanced competitive intelligence. In addition, authentic industry journals, trade associations’ releases, and government websites have also been reviewed to generate high-value industry insights.
Primary Research:
|
Primary Research
|
Desk Research
|
Company Analysis
|
|
• Identify key opinion leaders • Questionnaire design • In-depth Interviews • Coverage across the value chain
|
• Company Website • Company Annual Reports • Paid Databases • Financial Reports
|
• Market Participants • Key Strengths • Product Portfolio • Mapping as per Value Chain • Key focus segment
|
Primary research efforts include reaching out to participants through emails, telephonic conversations, referrals, and professional corporate relations with various companies that make way for greater flexibility in reaching out to industry participants and commentators for interviews and discussions.
The aforementioned helps to:
- Validate and improve data quality and strengthen the research proceeds
- Develop a market understanding and expertise
- Supply authentic information about the market size, share, growth, and forecasts
The primary research interview and discussion panels comprise experienced industry personnel.
These participants include, but are not limited to:
- Chief executives and VPs of leading corporations specific to an industry
- Product and sales managers or country heads; channel partners & top-level distributors; banking, investments, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research:
A broad array of industry sources for the secondary research typically includes, but is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for a competitive scenario and shape of the industry
- Patent and regulatory databases to understand technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles, web-casts, and other related releases to evaluate the market
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
|
PRIMARY SOURCES |
DATA SOURCES |
|
• Top executives of end-use industries • C-level executives of the leading Parenteral Nutrition companies • Sales manager and regional sales manager of the Parenteral Nutrition companies • Industry Consultants • Distributors/Suppliers
|
• Annual Reports • Presentations • Company Websites • Press Releases • News Articles • Government Agencies’ Publications • Industry Publications • Paid Databases
|
Analyst Tools and Models:
|
BOTTOM-UP APPROACH |
TOP-DOWN APPROACH |
|
· Arriving at · Arriving at · Market Share · Key Market Players |
· Key Market Players · Market Share · Arriving at · Arriving at |
Agricultural Biotechnology Market Dynamic Factors
Drivers:
- Increasing global population driving the demand for enhanced crop yield and food production.
- Growing need for sustainable and efficient agricultural practices.
- Rising prevalence of pests, diseases, and environmental challenges, creating the demand for biotech solutions.
- Advancements in genetic engineering and biotechnology techniques, enabling the development of innovative crop varieties.
- Shifting consumer preferences towards healthier and nutritionally enriched food products.
Restraints:
- Stringent regulations and complex approval processes for genetically modified crops.
- Public concerns and controversies surrounding genetically modified organisms (GMOs).
- Limited acceptance and adoption of biotechnology in certain regions and markets.
- High research and development costs associated with biotech innovation.
- Potential risks related to gene flow, biodiversity, and unintended environmental impacts.
Opportunities:
- Expanding applications of biotechnology beyond crop improvement, such as biofuels and bio-based materials.
- Growing demand for organic and sustainable agriculture, creating opportunities for biotech solutions.
- Increasing collaborations and partnerships between biotechnology companies and agricultural stakeholders.
- Emerging markets and untapped regions with potential for biotech adoption.
- Technological advancements like gene editing and synthetic biology opening new avenues for agricultural biotechnology.
Challenges:
- Ensuring public awareness, education, and acceptance of biotechnology and its benefits.
- Addressing ethical and societal concerns related to genetic modification and patenting of living organisms.
- Adapting to diverse regulatory frameworks and international trade policies.
- Managing intellectual property rights and licensing issues in the biotech sector.
- Mitigating potential environmental risks and ensuring responsible use of biotechnology in agriculture.
Frequently Asked Questions
