The global synthetic biology in agriculture and food market is projected to grow from $3.20 billion in 2020 to $14.12 billion by 2025, at a CAGR 34.56% from 2020 to 2025.
The growth in synthetic biology in agriculture and food market is expected to be driven by the increasing need for global food security, increasing consumer awareness about high nutritional food, and rising capital investments for synthetic biology research.
Synthetic biology has garnered the attention of industries, such as agriculture and food industry. Synthetic biology has applications in crop yield management, improve diseases and pest resistance, and improve soil health, among others. Similarly, food industry application includes food process optimization, enhancement in food nutritional value, and improving food safety.
The utilization of several technologies in synthetic biology, such as gene synthesis, genome engineering, and bioinformatics technology, is expected to augment the growth of synthetic biology in the technology sector. Moreover, depleting agricultural land and increasing demand for fresh agricultural produce all around the year are expected to propagate the growth of synthetic biology in agriculture and food market.
The competitive landscape of synthetic biology in agriculture and food market consists of different strategies undertaken by major players across the industry to gain market presence. The competitive landscape for synthetic biology in agriculture and food market demonstrates an inclination toward companies adopting strategies, such as product launches and developments, and partnerships, collaborations, and joint ventures.
The major established players in the market focus on partnerships, collaborations, and joint ventures to introduce new technologies or develop further on the existing product portfolio. BASF SE, Bayer, Precigen, Inc., Amyris, Gingko Bioworks, Pivot Bio, Mosa Meat, and Twist Bioscience are some of the prominent players in the synthetic biology in agriculture and food market. The market is highly fragmented with the presence of a large number of small - to medium-sized companies that compete with each other and the large enterprises.
Regional Market Dynamics
The global synthetic biology in agriculture and food market holds a prominent share in various countries of North America and Europe. North America is at the forefront of the global synthetic biology in agriculture and food market, with a high market penetration rate in the U.S., and Canada, which are expected to display robust market growth in the coming five years.
During the forecast period 2020-2025, the Asia-Pacific and Japan region is expected to flourish as one of the most lucrative markets for synthetic biology in agriculture and food. Asia-Pacific and Japan is expected to exhibit significant growth opportunities for synthetic biology due to increased optimism in the economic conditions of these countries.
The countries in this region present immense scope for market development, owing to the increasing urban population size, growing market penetration of advanced technologies, and favorable government investments on the adaptation of innovative farming technologies.
Key Topics Covered:
1 Markets 1.1 Industry Outlook 1.1.1 Government Programs and Initiatives Landscape 220.127.116.11 North America 18.104.22.168 Europe 22.214.171.124 U.K. 126.96.36.199 Asia-Pacific and Japan 188.8.131.52 China 184.108.40.206 Rest-of-the-World 1.1.2 Investment and Funding Landscape 1.1.3 Industry Attractiveness 1.1.4 Key Consortiums and Associations 1.2 Business Dynamics 1.2.1 Business Drivers 220.127.116.11 Increasing Need for Global Food Security 18.104.22.168 Increasing Consumer Awareness About High-Quality Nutritional Food 22.214.171.124 Rising Capital Investments for Synthetic Biology Research 1.2.2 Business Challenges 126.96.36.199 Ethical Concerns and Stringent Regulations for Synthetic Biology 188.8.131.52 High Implementation Time and Setup Cost 1.2.3 Business Opportunities 184.108.40.206 Increasing Government Initiatives for Boosting the Global Synthetic Biology Ecosystem 220.127.116.11 Rapid Technology Advancements and Inclination Toward Bio-Based Products 18.104.22.168 Rise in Research Activities in the Developing Countries of Asia-Pacific and MEA Region 1.2.4 Business Strategies 22.214.171.124 Product Developments 126.96.36.199 Market Developments 1.2.5 Corporate Strategies 188.8.131.52 Mergers and Acquisitions 184.108.40.206 Partnerships, Collaborations, and Joint Ventures
2 Application 2.1 Global Synthetic Biology in Agriculture and Food Market (by Industry), Applications and Specifications 2.1.1 Agriculture Industry 2.1.2 Food Industry 2.2 Global Synthetic Biology in Agriculture and Food Market, Demand Analysis (by Industry) 2.2.1 Demand Analysis (by Industry), Value Data, 2019-2025 220.127.116.11 Agriculture Industry 18.104.22.168 Food Industry 2.3 Global Synthetic Biology in Agriculture and Food Market (by Application), Application and Specification 2.3.1 Agriculture Industry Applications 22.214.171.124 Crop Yield Management 126.96.36.199 Crop Protection 188.8.131.52 Soil Health Management 184.108.40.206 Others 2.3.2 Food Industry Applications 220.127.116.11 Food Process Optimization 18.104.22.168 Food Nutrition 22.214.171.124 Food Safety 126.96.36.199 Others 2.4 Global Synthetic Biology in Agriculture and Food Market, Demand Analysis (by Application) 2.4.1 Demand Analysis (by Agriculture Industry Application), Value Data, 2019-2025 188.8.131.52 Crop Yield Management 184.108.40.206 Crop Protection 220.127.116.11 Soil Health Management 18.104.22.168 Others 2.4.2 Demand Analysis (by Food Industry Application), Value Data, 2019-2025 22.214.171.124 Food Process Optimization 126.96.36.199 Food Nutrition 188.8.131.52 Food Safety 184.108.40.206 Others
3 Products 3.1 Global Synthetic Biology in Agriculture and Food Market (by Product), Products and Specifications 3.1.1 Synthetic Microbes 3.1.2 Software Tools 3.1.3 Bio-Based Specialty Food 3.1.4 Others 3.2 Global Synthetic Biology in Agriculture and Food Market, Demand Analysis (by Product) 3.2.1 Demand Analysis (by Product), Value Data 220.127.116.11 Synthetic Microbes 18.104.22.168 Software Tools 22.214.171.124 Bio-Based Specialty Food 126.96.36.199 Others 3.3 Global Synthetic Biology in Agriculture and Food Market (by Technology), Products and Specifications 3.3.1 Gene Synthesis 3.3.2 Next-Generation DNA Sequencing 3.3.3 Genome Engineering 3.3.4 Bioinformatics Technologies 3.3.5 Others 3.4 Global Synthetic Biology in Agriculture and Food Market, Demand Analysis (by Technology) 3.4.1 Demand Analysis (by Technology), Value Data, 2019-2025 188.8.131.52 Gene Synthesis 184.108.40.206 Next-Generation DNA Sequencing 220.127.116.11 Genome Engineering 18.104.22.168 Bioinformatics Technologies 22.214.171.124 Others 3.5 Patent Analysis 3.5.1 Overview 3.5.2 Patent Analysis (by Status) 3.5.3 Patent Analysis (by Applicant Profile) 3.5.4 Patent Analysis (by Company) 3.5.5 Patent Analysis (by Application) 3.5.6 Patent Analysis (by Patent Office)
5 Markets - Competitive Benchmarking & Company Profiles 5.1 Competitive Benchmarking 5.2 Company Profiles 5.2.1 Overview