Agricultural Biotechnology Market
Report ID: SQMIG20L2053
Report ID: SQMIG20L2053
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Report ID:
SQMIG20L2053 |
Region:
Global |
Published Date: November, 2024
Pages:
168
|Tables:
97
|Figures:
68
Agricultural Biotechnology Market size was valued at USD 126.21 Billion in 2024 and is poised to grow from USD 137.31 Billion in 2025 to USD 269.62 Billion by 2033, growing at a CAGR of 8.8% during the forecast period (2026–2033).
Rapidly increasing global population is forecasted to augment the demand for agricultural biotechnology over the coming years. Growing investments in the research and development of novel agricultural technologies are also expected to favor agricultural biotechnology market growth across the study period and beyond. Increasing stress on plants around the world due to changing climatic conditions is also expected to create new opportunities for agricultural biotechnology companies in the future. Surging demand for bio-based agricultural products around the world is also expected to foster innovation in the global agricultural biotechnology market going forward. Launch of new supportive initiatives and programs by governments around the world to improve agricultural yield is also expected to create new opportunities for agricultural biotechnology companies going forward. On the contrary, limited adoption in developing countries, ethical concerns regarding certain agricultural biotechnologies, and intellectual property issues are slated to slow down agricultural biotechnology demand outlook in the long run.
Market snapshot - 2026-2033
Global Market Size
USD 116 Billion
Largest Segment
Plants
Fastest Growth
Animals
Growth Rate
8.8% CAGR
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Global Agricultural Biotechnology Market is segmented by Technology, Application, Organism Types and region. Based on Technology, the market is segmented into Genetic Engineering, Tissue Culture, Embryo Rescue, Somatic Hybridization, Molecular Diagnostics, Vaccine, and Others. Based on Application, the market is segmented into Vaccine Development, Transgenic Crops & Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, and Biofuels. Based on Organism Types, the market is segmented into Plants, Animals, and Microbes. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Transgenic crops & animals are projected to spearhead the demand for agricultural biotechnology over the coming years. Growing emphasis on improving disease resistance in animals and plants to meet the surging demand for food products around the world is estimated to help the dominance of this segment. Rising investments in development of genetically altered crops and advancements in genetic technologies are predicted to further help boost market growth via this segment.
On the other hand, the demand for agricultural biotechnology in vaccine development applications is estimated to increase at a rapid pace in the future. Thus, this segment emerged as the fastest growing and likely to continue so in the forecast period. Increasing incidence of animal-borne diseases and rising awareness regarding animal health are forecasted to be the top factors supporting market growth via this segment. Launch of new vaccination programs to help improve livestock health will also provide new opportunities.
Most agricultural biotechnology companies are projected to focus on plants thereby making it the largest segment. High adoption of precision and sustainable agricultural technologies is estimated to help this segment maintain its high market share. Increasing demand for genetically engineered and altered crops to maximize yield whilst having better disease resistance is expected to provide lucrative opportunities for agricultural biotechnology companies in the future.
On the other hand, the demand for agricultural biotechnology in animals is projected to increase at a notable pace across the study period and beyond. Rising use of agricultural biotechnology to enhance animal health and rising investments in the development of vaccines for animals are also expected to create new business scope for agricultural biotechnology providers going forward.
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North America is estimated to account for a dominant share of the global agricultural biotechnology market. The presence of key agricultural biotechnology providers and supportive government funding for biotechnology research are expected to help this region maintain its dominant stance in the future. The United States is projected to lead the demand for agricultural biotechnology in this region through 2031. High cultivation of multiple crops in this region and growing emphasis on improving animal health are also expected to create new opportunities for agricultural biotechnology companies looking to make a mark in this region.
Rapidly increasing population base and the presence of multiple strong agricultural countries allow the Asia Pacific region to emerge as the fastest expanding one in the world. China and India are slated to be the foremost markets for agricultural biotechnology companies operating in the Asia Pacific region. Growing adoption of precision agriculture technologies and increasing subsidization of agricultural biotechnology products by government and public organizations in this region will also boost market development in the long run.
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High Demand for Food Around the world
Changing Climatic Conditions of the Planet
Ethical Concerns
Limited Adoption in Developing Countries
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Agricultural biotechnology companies should invest heavily in the research and development of novel technologies and products to stand out from the competition. Market players can also take advantage of supportive government initiatives and funding to maximize their business scope in the future. Creating affordable agricultural biotechnology solutions for developing countries will be a major trend for agricultural biotechnology providers across the study period.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising demand for food products and advancements in agricultural biotechnology are slated to primarily boost market growth in the future. However, limited awareness in developing regions and ethical concerns is estimated to impede agricultural biotechnology demand outlook going forward. North America is forecasted to lead the global agricultural biotechnology market growth owing to the presence of key market players. Agricultural biotechnology companies should integrate their offerings with precision agriculture practices and develop nutritionally enhanced crops to maximize their revenue generation in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 126.21 Billion |
| Market size value in 2033 | USD 269.62 Billion |
| Growth Rate | 8.8% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Agricultural Biotechnology Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Agricultural Biotechnology Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Agricultural Biotechnology Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Agricultural Biotechnology Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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