Agricultural Biotechnology Market By Organism Type (Genetic Engineering, Molecular Diagnostics, Tissue Culture) By Application (Vaccine Development, Transgenic Crops & Animals, Antibiotic Development, Nutritional Supplements) By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables) and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Agricultural Biotechnology Market was valued at USD 101.5 billion in 2023 and will surpass USD 185.5 billion by 2030; growing at a CAGR of 9.0% during 2024 - 2030.

The agricultural biotechnology market is at the forefront of modern agriculture, enabling innovations that enhance crop yield, resilience, and sustainability. With the global population projected to reach over nine billion by 2050, the demand for sustainable food production is more pressing than ever. Agricultural biotechnology encompasses a range of techniques, including genetic engineering, molecular diagnostics, and tissue culture, aimed at improving the quality and quantity of agricultural products. This market spans various applications, including vaccine development, transgenic crops and animals, and nutritional supplements, addressing the pressing challenges of food security, pest resistance, and environmental sustainability.

The advancements in biotechnology have revolutionized the agricultural landscape, providing farmers with tools to increase productivity while minimizing environmental impacts. By employing innovative methods, such as gene editing and molecular diagnostics, agricultural biotechnology is set to play a crucial role in ensuring sustainable agricultural practices. The market is characterized by a diverse range of segments, including organism types and applications, each contributing uniquely to the overall growth of the industry.

Genetic Engineering Segment to be the Largest Owing to Its Versatility

The genetic engineering segment of the agricultural biotechnology market is the largest, primarily due to its versatility and wide-ranging applications in agriculture. Genetic engineering techniques, such as gene modification (GM), gene editing (using CRISPR and TALEN), and RNA interference (RNAi), allow scientists to introduce specific traits into crops and livestock. This capability enables the development of crops that are resistant to pests, diseases, and environmental stresses, ultimately improving yield and reducing dependency on chemical pesticides.

The growing acceptance of genetically modified organisms (GMOs) among consumers and regulatory bodies has further bolstered the growth of the genetic engineering segment. Farmers are increasingly adopting GM crops for their improved resilience and productivity, which is crucial in the face of climate change and fluctuating market demands. As research and development continue to advance, the genetic engineering segment is expected to maintain its dominance, driving innovations that address global agricultural challenges effectively.

Molecular Diagnostics Segment is Fastest Growing Owing to Precision Agriculture

The molecular diagnostics segment of the agricultural biotechnology market is witnessing significant growth, driven by the increasing adoption of precision agriculture techniques. Molecular diagnostics, including marker-assisted selection (MAS) and genomic selection, enable farmers and researchers to identify genetic traits in crops and livestock more accurately. These tools facilitate informed decision-making in breeding programs, enhancing the efficiency and effectiveness of agricultural production.

As precision agriculture gains momentum, the demand for molecular diagnostic tools that can provide real-time data on plant and animal health is rising. The ability to quickly assess genetic traits and disease resistance is critical for developing resilient crop varieties and livestock. Moreover, the integration of molecular diagnostics with other agricultural technologies, such as data analytics and IoT, is expected to enhance their application and effectiveness further. This growing trend positions the molecular diagnostics segment as one of the fastest-growing sectors within the agricultural biotechnology market.

Oilseeds & Pulses Crop Type is Fastest Growing Owing to Nutritional Demand

Among the crop types in the agricultural biotechnology market, oilseeds and pulses represent the fastest-growing segment, driven by rising nutritional demands and health-conscious consumer preferences. Oilseeds, such as soybeans and canola, are vital sources of protein and healthy fats, making them essential in diets worldwide. The demand for plant-based protein sources is growing, particularly in the context of vegetarian and vegan dietary trends, which boosts the interest in pulses as well.

Biotechnology plays a significant role in enhancing the nutritional profiles of oilseeds and pulses, leading to the development of varieties with improved yield and disease resistance. Furthermore, the rising global population and the need for sustainable agriculture practices underscore the importance of these crops. As consumers increasingly prioritize health and sustainability, the oilseeds and pulses crop type is poised for significant growth, making it a key focus area for agricultural biotechnology advancements.

Vaccine Development Application is Fastest Growing Owing to Health Innovations

The vaccine development application within the agricultural biotechnology market is experiencing rapid growth, fueled by increasing innovations in animal health. Vaccines play a critical role in preventing diseases in livestock, ensuring the health and productivity of animals, which is essential for maintaining food supply chains. With the rising focus on food safety and biosecurity, the demand for effective veterinary vaccines is growing, making this application one of the fastest-growing segments in the market.

The development of recombinant vaccines and novel delivery systems is enhancing the effectiveness and safety of animal vaccinations. As agricultural biotechnology continues to evolve, the integration of advanced technologies such as genomics and proteomics is expected to accelerate vaccine development processes. This growing emphasis on health innovations in livestock is likely to further propel the vaccine development application, positioning it as a vital component of the agricultural biotechnology market.

North America Region is Largest Owing to Strong Research and Development Initiatives

The North America region stands as the largest market for Agricultural Biotechnology, driven by a robust framework of research and development initiatives, particularly in the United States and Canada. This region is home to several leading agricultural biotech companies, research institutions, and universities that actively engage in developing innovative biotechnological solutions. The emphasis on genetically modified (GM) crops, including those resistant to pests and diseases, has significantly enhanced agricultural productivity and sustainability. Furthermore, regulatory frameworks in North America facilitate the commercialization of biotechnological products, thereby encouraging investments in agricultural biotech research and innovation.

The agricultural biotechnology market is characterized by a diverse and competitive landscape, featuring several leading companies that drive innovation and growth in the industry. Key players such as Arcadia Biosciences, Bayer AG, Certis USA L.L.C., Corteva, Eurofins Genomics LLC, Evogene Ltd., and KWS SAAT SE are at the forefront, offering a wide range of biotechnology solutions across various segments. These companies are engaged in continuous research and development, striving to introduce innovative products that address the evolving challenges in agriculture.

Strategic collaborations, mergers, and acquisitions are common in this dynamic market, enabling companies to enhance their technological capabilities and expand their market reach. Additionally, a focus on sustainability and environmentally friendly practices is driving competition among key players, as they seek to meet the growing consumer demand for sustainable agricultural solutions. The competitive landscape is marked by a commitment to innovation, with companies leveraging advanced technologies to improve agricultural productivity and sustainability in response to global food security challenges.

Report Objectives:

The report will help you answer some of the most critical questions in the Agricultural Biotechnology Market. A few of them are as follows:

1. What are the key drivers, restraints, opportunities, and challenges influencing the market growth?
2. What are the prevailing technology trends in the Agricultural Biotechnology Market?
3. What is the size of the Agricultural Biotechnology Market based on segments, sub-segments, and regions?
4. What is the size of different market segments across key regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa?
5. What are the market opportunities for stakeholders after analyzing key market trends?
6. Who are the leading market players and what are their market share and core competencies?
7. What is the degree of competition in the market and what are the key growth strategies adopted by leading players?
8. What is the competitive landscape of the market, including market share analysis, revenue analysis, and a ranking of key players?

Report Scope: