Bioengineered Food Market by Product (Crops, Livestock, Microbial Products), Type of Modification (Cellular Agriculture, Genetic Modification), Trait, Technology, Application - Global Forecast 2024-2030

Bioengineered Food Market by Product (Crops, Livestock, Microbial Products), Type of Modification (Cellular Agriculture, Genetic Modification), Trait, Technology, Application - Global Forecast 2024-2030

The Bioengineered Food Market size was estimated at USD 33.94 billion in 2023 and expected to reach USD 36.71 billion in 2024, at a CAGR 8.47% to reach USD 59.98 billion by 2030.

The bioengineered food technology involves the insertion of DNA from a different species to achieve desired traits including increased resistance to pests or improved nutritional content. Innovations in genetic engineering technologies enable more precise and diverse modifications in plants and animals. With the global population growing, there is a high demand for food production enhancements, expanding the market scope. Supportive legislation and financial incentives from governments can boost market growth. However, strict regulations in many countries can delay approvals for genetically modified products, affecting market timing and profitability. Potential negative impacts on biodiversity and environment may restrict the use of certain bioengineered products, challenging the market growth. Moreover, using bioengineering for pharmaceuticals and industrial materials presents new markets and revenue streams. Introducing bioengineered foods to developing markets where agricultural productivity is a major concern could offer significant growth opportunities.

Regional Insights

The Americas, particularly the United States and Canada, are leading in the development and adoption of bioengineered foods. American countries have well-established regulatory frameworks that encourage investment and innovation in bioengineered food products. The EMEA region presents a varied landscape for bioengineered foods, with Europe generally maintaining strict regulations against GM crops, while the Middle East and Africa are exploring bioengineered foods to solve food scarcity and improve nutritional outcomes. Countries in the Middle East, such as Israel, are advancing in agricultural technologies, including bioengineered foods, to combat desertification and improve food productivity. The Asia Pacific region is observing rapid growth in the bioengineered food market, primarily driven by increasing population and shifting dietary preferences towards more sustainable and protein-rich diets. China has been focusing on improving its biotechnological capabilities, resulting in increased research and development in bioengineered rice and maize. Japan has introduced regulatory reforms to streamline the approval process for genetically modified (GM) foods, reflecting a more open stance towards bioengineering in food production. India has been investing in bio-fortification and genetically modified crops to address malnutrition and improve food security.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Bioengineered Food Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Growing global population and the rising food demand
• Innovative biotechnological crops with greater nutritional benefits and ability for adverse climatic conditions
• Government's initiatives to promote bioengineering practices for enhance food security

Market Restraints

• Public perception and acceptance

Market Opportunities

• Continuous demand for crops with improved taste, nutritional content, and durability during transportation
• Rising investment in research and innovation to develop new applications and technique

Market Challenges

• Stringent regulatory standards

Market Segmentation Analysis

• Type: Exploring GM crops to increase yield or resist pests
• Application: Diverse scope of applications of GMO crops

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Bioengineered Food Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Bioengineered Food Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Pioneering Sustainable Innovations, Launch of Quebec’s Bio-Food Innovation Program 2023-2028

The Honourable Lawrence MacAulay, Canadian Minister of Agriculture and Agri-Food, has inaugurated the Innovation bioalimentaire 2023-2028 (PIB), a transformative USD 152.5-million initiative aimed at bolstering Quebec’s bio-food sector. This initiative ensures comprehensive support across the innovation spectrum by consolidating previous financial aids into a singular, streamlined program.

Advancements in Genetically Modified Corn and Soybean Cultivation in China

China initiated a pilot program for genetically modified (GM) corn and soybeans, to cover farmlands across five provincial-level regions including Hebei, Inner Mongolia, Jilin, Sichuan, and Yunnan, as well as seed production in Gansu Province. This expansion underscores China's commitment to accelerating the commercialization of biologically bred crops.

Expansion and Strategic Development of Horticultural Centers of Excellence in India

The Indian Ministry of Agriculture announced the establishment of three new Centers of Excellence (CoE) in Bengaluru, Jajpur, and Goa as part of the Mission for Integrated Development of Horticulture (MIDH). These CoEs function as training and demonstration hubs for state-of-the-art horticultural technologies and also as pivotal sources for high-quality planting materials and the dissemination of advanced agricultural practices such as post-harvest management and fertigation techniques.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Bioengineered Food Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Bioengineered Food Market, highlighting leading vendors and their innovative profiles. These include AgReliant Genetics, LLC, BASF SE, Bayer AG, Canterra Seeds Holdings Ltd., DLF Seeds A/S, DuPont de Nemours, Inc., Groupe Limagrain, KWS SAAT SE & Co. KGaA, Nuseed Global, Phylos Bioscience, Inc., Sakata Seed Corporation, Syngenta AG, The Dow Chemical Company, and UPL Ltd..

Market Segmentation & Coverage

This research report categorizes the Bioengineered Food Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Product
• Crops
• Livestock
• Microbial Products
• Type of Modification
• Cellular Agriculture
• Genetic Modification
• Trait
• Disease Resistance
• Herbicide Tolerance
• Insect Resistance
• Nutritional Enhancement
• Technology
• CRISPR
• Tissue Culture
• Application
• Direct Consumption
• Processed Foods

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year