Global Agricultural Biotechnology Market Size By Organism Type (Plants, Animals, Microbes), By Application (Vaccine Development, Transgenic Crop And Animals, Nutritional Supplements), By Geographic Scope And Forecast

Agricultural Biotechnology Market Size And Forecast

Agricultural Biotechnology Market size was valued at USD 51.12 Billion in 2023 and is projected to reach USD 100.32 Billion by 2031, growing at a CAGR of 9.70% from 2024 to 2031.

• Agricultural biotechnology is the use of scientific tools and procedures on living organisms used in agriculture. Genetic engineering, molecular markers, and tissue culture are used to improve crops, livestock, and microbes for higher yields, disease resistance, and overall food production efficiency.
• Agricultural biotechnology has a wide range of applications that are altering the agricultural industry. Biotechnology enables the creation of genetically modified crops (GMOs) with enhanced characteristics such as pest and disease resistance, higher yields, and greater tolerance to environmental challenges such as drought or salinity. Furthermore, procedures such as tissue culture allow for the large-scale creation of disease-free plantlets, which speeds up propagation and ensures healthy crops.
• Biotechnology can be used to develop crops with improved nutritional profiles, such as fruits and vegetables high in vitamins and antioxidants. It also enables the production of crops with longer shelf lives, which reduces food spoilage and waste. These innovations help to provide a more secure and nutritious food supply for a growing global population.
• The future of agricultural biotechnology holds promising breakthroughs that could transform food production. Expect to see more accurate gene editing techniques for generating crops that are resistant to pests, diseases, and extreme weather conditions.  This could result in higher crop yields and better food security, especially in climate-affected areas.
• Furthermore, advancements in nitrogen fixation and vertical farming show promise for more sustainable and resource-efficient agricultural techniques, lowering environmental impact and providing a secure food supply for a growing global population.

Agricultural Biotechnology Market Dynamics

The key market dynamics that are shaping the global Agricultural Biotechnology market include

Key Market Drivers

• Rising Demand for Food SecurityAs the world’s population rises, providing enough and consistent food supplies becomes an urgent challenge. Agricultural biotechnology provides solutions by increasing agricultural yields, improving disease resistance, and creating more resilient crops that can survive harsher weather conditions.
• Focus on Sustainable AgricultureTraditional farming techniques can have serious environmental consequences. Agricultural biotechnology is paving the door for more sustainable alternatives, such as nitrogen-fixing crops that reduce the need for synthetic fertilizers and vertical farming practices that conserve land and water.
• Growing Consumer Interest in Nutrition and Food Quality Consumers are seeking healthier, more nutritious foods. Agricultural biotechnology can help meet this demand by producing crops with higher nutritional value or longer shelf life, which reduces food waste.
• Pest and Disease ControlCrop losses due to pests and diseases are a major threat to global food security. Agricultural biotechnology provides solutions by developing pest-resistant crops and biopesticides, which reduces dependency on toxic chemical pesticides.
• Advancements in Gene Editing TechnologyCRISPR and other gene editing tools are transforming agricultural biotechnology. These precise tools enable scientists to make specific modifications in crops, resulting in speedier innovation and more sustainable solutions.

Key Challenges

• Public Perception and Regulatory ChallengesGenetically modified organisms (GMOs) can raise public concerns about their safety and environmental impact. Navigating regulatory hurdles and winning public acceptability for novel biotechnologies remains difficult.
• Ethical ConsiderationsThe use of gene editing raises concerns about unforeseen repercussions and potential harm to ecosystems. Open dialogue and clear ethical frameworks are essential for the responsible development and implementation of new technologies.
• Economic Considerations and Access The research and development of new agricultural biotechnologies can be costly. Providing affordable and equitable access to small-scale farmers, particularly in developing nations, is crucial for widespread adoption and global food security.
• Integration with conventional Agricultural techniquesTo successfully integrate new biotechnologies with conventional farming techniques, farmers must be educated and supported. It is critical that they have the knowledge and resources to successfully apply these improvements.
• Addressing Climate Change Biotechnology can provide solutions for climate resilience, but it is not a panacea. A comprehensive approach is required to address the larger impacts of climate change on food production systems. These include producing crops that can withstand extreme weather and supporting sustainable land management methods, as well as advances in agricultural biotechnology.

Key Trends

• Focus on Stress ToleranceClimate change is a major threat to food security. Agricultural biotechnology aims to create crops that can endure difficult climatic conditions such as drought, extreme temperatures, and salinity. This involves research into heat-resistant wheat cultivars and crops with higher water efficiency.
• Integration of Artificial IntelligenceArtificial intelligence is becoming increasingly significant in agricultural biotechnology. Machine learning algorithms can scan large datasets to detect genetic patterns linked with desired crop attributes. This can speed up breeding processes and improve the development of new kinds.
• Vertical Farming and Controlled-Environment Agriculture Vertical farming and controlled-environment agriculture are gaining popularity as solutions to sustainable food production. Vertical farms use stacked layers to grow crops indoors, reducing area and water use while increasing productivity. This strategy holds great promise for metropolitan areas and regions with little arable land.
• Microbiome ResearchThe soil microbiome is critical for plant health and growth. Agricultural biotechnology businesses are looking at ways to manipulate and improve the beneficial bacteria in the soil ecosystem, encouraging plant development while lowering reliance on chemical fertilizers and pesticides.

Global Agricultural Biotechnology Market Regional Analysis

Here is a more detailed regional analysis of the global Agricultural Biotechnology market

North America

• North America dominates the global agricultural biotechnology industry, owing to advanced research facilities, significant investment in biotechnology, and high adoption rates of genetically modified (GM) crops. The United States dominates the market because of its large-scale production and export of biotech crops.
• The US and Canada are major stakeholders in the region. The United States has substantial agricultural territory dedicated to genetically modified crops such as corn, soybeans, and cotton, but Canada is a major producer of biotech canola and corn. Both countries have strong biotechnology sectors and make large investments in agricultural research.
• The United States and Canada have regulatory systems that encourage the development and marketing of biotech crops. In the United States, agencies such as the USDA, FDA, and EPA oversee biotechnology product approvals, ensuring safety and efficacy. Canada’s CFIA and Health Canada similarly regulate biotech crops, maintaining rigorous standards for environmental and consumer safety.

Europe

• Due to rigorous laws and widespread distrust of genetically modified crops, Europe’s agricultural biotechnology business is growing slowly. However, the region makes significant investments in research and development, particularly in plant biotechnology and genome editing technologies.
• Germany, France, and the Netherlands are world leaders in agricultural biotechnology research. Germany is known for its biotech research facilities, whilst France concentrates on sustainable farming techniques. The Netherlands excels at horticultural biotechnology and creative agriculture solutions.
• The European Union has some of the most stringent rules for GM crops, with the European Food Safety Authority (EFSA) playing an important role in risk assessment and approval.

Asia Pacific

• Asia Pacific is quickly expanding in the agricultural biotechnology market, owing to rising food demand, increased agricultural research, and favorable government regulations. Countries such as China and India are spending considerably in biotech research to increase crop yields and ensure food security.
• China and India are the main drivers of growth in this region. China is making rapid advances in biotech crop use and research, particularly in rice and maize. India specializes in cotton and is increasing its biotech research capacity to include other main crops. Australia is also a prominent contributor, with extensive research into drought- and pest-resistant crops.
• Government policies in Asia Pacific differ greatly. China encourages biotech development with significant investment and regulatory reforms targeted at accelerating product approvals. India has formed the Genetic Engineering Appraisal Committee (GEAC) to regulate biotech crop approvals and encourage responsible adoption.

Global Agricultural Biotechnology Market Segmentation Analysis

The Global Agricultural Biotechnology Market is segmented based on Organism Type, Application, and Geography.

Agricultural Biotechnology Market, By Organism Type

• Plants
• Animals
• Microbes

Based on Organism Type, the market is fragmented into plants, animals, microbes. Plants now dominate the agricultural biotechnology business, because to widespread adoption of genetically modified crops and continued research into increased crop yields and stress tolerance. However, the animal segment is poised for major expansion because to advances in gene editing for livestock disease resistance and the discovery of beneficial microorganisms for animal nutrition.

Agricultural Biotechnology Market, By Application

• Vaccine Development
• Transgenic Crops and Animals
• Nutritional Supplements
• Flower Culturing
• Biofuels
• Chemical Tolerance
• Disease Resistance

Based on Application, the market is fragmented into Vaccine Development, Transgenic Crops and Animals, Nutritional Supplements, Flower Culturing, Biofuels, Chemical Tolerance, Disease Resistance. Transgenic crops and animals are currently the most dominant applications in the agricultural biotechnology business. This section is well-established, with demonstrated advantages like as higher yields and insect resistance. Disease resistance, on the other hand, is a rapidly developing application as crop losses become more prevalent and more sustainable strategies to battle plant diseases are required.

Agricultural Biotechnology Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

Based on regional analysis, the Global Agricultural Biotechnology Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America now dominates the agricultural biotechnology business due to its established research institutes, significant investment, and early adoption of new technologies. However, Asia Pacific is the fastest expanding region, owing to rising population, more government funding for agricultural growth, and a greater emphasis on food security.

Key Players

The “Global Agricultural Biotechnology Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Arcadia Biosciences, Thermo Fisher Scientific, Bayer AG, Biocentury Transgene Co., Ltd, Vilmorin & Cie, Eurofins Scientific, LGC Biosearch Technologies. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Agricultural Biotechnology Market Recent Developments

• In June 2024, Thermo Fisher Scientific announced expansion of clinical research laboratory in Wisconsin.
• In August 2023, After thirty years of listing, Vilmorin & Cie left the stock exchange on August 1ˢᵗ, 2023, following the simplified public tender offer initiated by Limagrain.

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