Global Food Biotechnology Market: Introduction
The global food biotechnology market has been witnessing a significant surge in its valuation, thanks to continuous technological advancements in this field. With the increasing population, the need for better yield of food crops has augmented drastically. This, in turn, is boosting the global to a great extent.
In this research report, a thoroughly evaluated assessment of the global food biotechnology market has been presented using quantitative and qualitative analysis techniques. It has assessed the market’s performance over the period from 2018 to 2026 on the basis of the key trends and market dynamics. It also offers precise analyses of the main segments and each of the regional food biotechnology markets across the world.
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Global Food Biotechnology Market: Notable Developments
- Advanced Instruments LLC and LA biosystems entered into a partnership in June 2019 with an aim to support the growth of the biotechnology, microbiology, and various other technologies, used in the food and beverage domain. Both the companies are committed towards providing high quality products and efficient services and support in these markets.
- After eight years of research at National Agri-Food Biotechnology Institute (NABI) in Mohali, India, three variants of wheat in different colors, that is, blue, black, and purple, have been harvested for consumption.
The key players in the global food biotechnology market are BASF SE, AquaBounty Technologies, Bayer CropScience AG, ABS Global, Arcadia Biosciences, Dow AgroSciences LLC, BDF Ingredients Zuchem, Camson Bio Technologies Ltd., and Monsanto. These players are likely to be involved in mergers, acquisitions, and strategic partnerships to gain a strong foothold in the global market over the years to come.
Global Food Biotechnology Market Dynamics
Rising Need to Improve Yield And Quality of Food Products to Support Growth
The global food biotechnology market is mainly driven by the rising need for the improvement of the yield and quality of the edible items by modifying the genes. The development of the food and beverages industry, increase in disposable incomes, rise in population, and upsurge in health awareness are some of the key factors that are likely to a long-term positive impact on this market. The increasing efforts of food manufacturers to introduce biotechnological innovations in products is expected to offer lucrative opportunities for the growth of their business in the coming years, thereby boosting the global market.
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Asia Pacific to Report Faster Growth
In terms of the region, the food biotechnology market in Asia Pacific has been leading the global market. Asian economies, such as India, China, and Japan, are reporting a significant rise in their domestic food biotechnology markets due to the advancements in technologies. The rising demand dietary supplements, owing to the ongoing shift of consumers towards healthy lifestyles, is thereby, influencing the demand for nutritional ingredients. This, in turn, is reflecting greatly on the food biotechnology market in this region.
Going forward, the innovations in products supported by the increase in consumer disposable income, is expected to drive the demand for biotechnology solutions for health supplements. Moreover, the necessity to boost the agricultural yield, due to the rising population and severe climatic changes, is also expected to propel this regional market in the years to come.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.