Global Synthetic Biology in Agriculture and Food market is expected to grow at a CAGR of 35% during 2021-26

According to the MarkNtel Advisors' research report, "Global Synthetic Biology in Agriculture and Food Market Analysis, 2021," the market is expected to grow at a CAGR of 35% during 2021-26. Synthetic biology helps develop Synthetic fields, which are ideal for manufacturing food. Rising environmental pollution & world population further aid the demand for synthetic biology in the agriculture and food industry to meet surging requirements while maintaining safety.

With the technological developments, people's concept regarding the consumption of food has dramatically changed. Therefore, the demand for food has shifted from "basic need" to "health and nutrition," thereby propelling the market growth. Further, increasing capital investments for synthetic biology research for improving agriculture & food industries also drives its market growth.

Key questions answered in the study

1. What are the current and future trends in Global Synthetic Biology in Agriculture and Food Industry? 
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for Global Synthetic Biology in Agriculture and Food Industry?
5. What are the customer orientation, purchase behavior, and expectations from the Global Synthetic Biology in Agriculture and Food Industry service providers across various regions? 

Food Nutrition Held the Largest Market Share

Based on the Food Industry Application, the market segments into Food Process Optimization, Food Nutrition, and Food Safety. The Food Nutrition segment acquired the largest share in the Global Synthetic Biology in Agriculture and Food Industry market in 2019. Synthetic biology merges biological research and engineering concepts to achieve cellular control that helps in producing food with higher & tailored nutritional significance.

Moreover, synthetic fiber helps improve the nutrient profile of crops and find ways to identify specific nutritional deficiencies efficiently owing to its design-based approach for organism modification, thereby contributing to the overall market growth. 

"Global Synthetic Biology in Agriculture and Food Market Analysis, 2021" provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Synthetic Biology in Agriculture and Food Industry providers across the globe. Moreover, the report also encompasses the key strategic imperatives for the competitors' success and strategic factorial indexing measuring competitors' capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

Asia-Pacific Exhibits Fastest Growth

The Asia-pacific market is the fastest-growing region in the Global Synthetic Biology in Agriculture and Food Industry during 2021-26 due to the optimistic growth in the economic conditions of the Asia Pacific countries like Japan and India. These countries are likely to provide immense opportunities for synthetic biology in the agriculture & food industries due to the surging urban population size, rapid penetration of advanced technologies, and supportive government initiatives for adopting innovative farming technologies.

Therefore, the region is likely to contribute to the growth of global Synthetic Biology in the Agriculture and Food Industry in the forecast period, says MarkNtel Advisors in their research report, "Global Synthetic Biology in Agriculture & Food Market Analysis, 2021."

According to MarkNtel Advisors, the industry leaders in the global Synthetic Biology in Agriculture and Food Industry are Bayer AG, AgBiome, Inc., Arzeda, Amyris, Inc., Agrivida, Inc., Concentric Agriculture Inc., Twist Bioscience, Evolva Holding SA, Inc., Benson Hill Biosystems, Inc, Pivot Bio, Cibus, Ltd, Codexis, Inc., GINKGO BIOWORKS.

Market Segmentation:

1. By Industry (Agriculture Industry, Food Industry)
2. By Application (Agriculture Industry Application (Crop Yield Management, Crop Protection, Soil Health Management, Others), Food Industry Application (Food Process Optimization, Food Nutrition, Food Safety, Others))
3. By Technology (Gene Synthesis, Next Generation DNA Sequencing, Genome Engineering, Bioinformatics Technologies, Others)
4. By Product (Synthetic Microbes, Software Tools, Bio-Based Specialty Food, Others)
5. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
6. By Country (U.S, Canada, Brazil, Argentina, Mexico, Germany, France, The U.K, The, Spain, Italy, India, Japan, Australia, Israel, South Africa)
7. By Competitors (AgBiome, Inc., Agrivida, Inc., Arzeda, Amyris, Inc., Bayer AG, Concentric Agriculture Inc., Evolva Holding SA, Pivot Bio, Inc., Benson Hill Biosystems, Inc, Cibus, Ltd, Codexis, Inc., GINKGO BIOWORKS, Twist Bioscience)