Bioengineered Food Market By Product Type (Bioengineered Crops, Lab-Grown Meat, Plant-Based Alternatives), By Technology (Genetic Engineering, CRISPR Technology, Synthetic Biology), By End-User Industry (Food & Beverages, Agriculture, Pharmaceuticals, Animal Feed), and By Application (Consumer Food Products, Animal Nutrition, Functional Foods, Ingredients & Additives); Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Bioengineered Food Market was valued at USD 31.5 billion in 2023 and will surpass USD 45.4 billion by 2030; growing at a CAGR of 5.4% during 2024 - 2030.

The bioengineered food market is rapidly evolving, driven by advancements in biotechnology and a growing consumer demand for sustainable, nutritious food alternatives. This market encompasses a wide range of products, from genetically modified crops to lab-grown meat and plant-based alternatives, all aimed at addressing global challenges such as food security, sustainability, and health. As the global population continues to grow and environmental concerns escalate, the need for innovative food solutions is more pressing than ever. The bioengineered food market is poised for significant expansion, with technological advancements paving the way for new opportunities and applications across various industries.

Bioengineered Crops Segment Is Largest Owing to High Demand for Food Security

Bioengineered crops represent the largest segment within the bioengineered food market, owing to their ability to improve crop yield, pest resistance, and nutritional value. Genetically modified (GM) crops, such as pest-resistant corn and drought-tolerant soybeans, have been widely adopted across global agricultural sectors. These crops offer solutions to food security issues by ensuring stable and increased food production in the face of climate change and rising global demand. Furthermore, bioengineered crops are designed to be more resistant to diseases and pests, reducing the need for chemical pesticides, thereby making farming practices more environmentally sustainable.

The adoption of bioengineered crops is particularly prominent in North America, where countries like the United States and Canada have been leaders in genetically modified crop production. With the increasing focus on sustainability and resource-efficient farming, bioengineered crops continue to play a crucial role in meeting the needs of a growing global population. The demand for bioengineered crops is expected to continue growing as more countries recognize their potential to enhance food security while reducing the environmental impact of traditional agriculture.

CRISPR Technology Segment Is Fastest Growing Owing to Precision and Efficiency

The CRISPR technology segment is the fastest growing in the bioengineered food market due to its ability to make precise and targeted genetic modifications. CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) offers significant advantages over traditional genetic engineering methods by enabling the modification of specific genes without introducing foreign DNA. This precision has led to increased investment in CRISPR-based solutions, particularly in the development of crops with enhanced nutritional profiles, improved resistance to environmental stresses, and increased yields. CRISPR technology is also being used to create more sustainable food production systems, such as modifying crops to require less water or fertilizer.

The speed at which CRISPR can be used to develop new genetically modified organisms (GMOs) is accelerating the growth of this technology. With its relatively low cost, high efficiency, and precision, CRISPR is gaining popularity among both large agricultural players and biotech startups. This rapid technological development is positioning CRISPR as a key tool in the future of bioengineered food, especially in addressing food security and environmental sustainability challenges. As the technology becomes more refined, its applications are likely to expand, making it a dominant force in the bioengineered food market.

Food & Beverages Industry Is Largest End-User Industry Due to Growing Consumer Demand

The food and beverages industry is the largest end-user industry for bioengineered food, driven by the increasing demand for sustainable, plant-based, and lab-grown alternatives. Consumers are increasingly seeking healthier food options that align with their environmental and ethical values, creating a significant market for bioengineered products like plant-based meats, lab-grown meats, and genetically modified crops that offer enhanced nutritional profiles. Major food companies are investing heavily in the development and commercialization of bioengineered food products, aiming to meet these evolving consumer preferences.

In particular, the rise of plant-based alternatives, including bioengineered crops like soy and pea protein, is reshaping the food and beverages industry. These alternatives are not only more sustainable than traditional meat production but also provide an avenue for creating healthier food options. As the industry continues to innovate, bioengineered food is expected to play a central role in offering diverse, sustainable, and nutritious food choices to consumers worldwide. With an ever-expanding market for plant-based foods, the food and beverages industry remains at the forefront of bioengineered food adoption.

Consumer Food Products Application Is Largest Due to Growing Popularity of Alternative Foods

The consumer food products application is the largest within the bioengineered food market, as bioengineered foods continue to gain popularity among consumers seeking sustainable, healthy, and innovative food choices. This application covers a wide range of bioengineered food products, including plant-based meats, genetically modified crops, and lab-grown meat. As consumer awareness of the environmental and health impacts of traditional food production grows, more people are turning to bioengineered food products as alternatives that offer lower carbon footprints and reduced animal cruelty.

The market for consumer food products is being further bolstered by the increasing availability and affordability of bioengineered food options in mainstream grocery stores and restaurants. Companies like Beyond Meat, Impossible Foods, and Eat Just are leading the charge, with their innovative products gaining significant traction in both the retail and foodservice sectors. The consumer food product segment is expected to continue its rapid growth as more consumers adopt bioengineered food as part of their everyday diets.

Fastest Growing Region: North America Is Leading the Bioengineered Food Market

North America is the fastest growing region in the bioengineered food market, driven by the high adoption of biotechnology in agriculture and food production. The United States, in particular, has been a pioneer in the development and commercialization of genetically modified crops, as well as plant-based and lab-grown meat products. With a strong presence of key players in the biotechnology and food industries, North America is poised to continue its leadership in the bioengineered food market. The region benefits from robust research and development activities, favorable regulatory environments, and a large consumer base that is increasingly interested in sustainable and alternative food options.

Additionally, consumer acceptance of bioengineered food products in North America is growing rapidly, with more food companies introducing plant-based and lab-grown products. The regulatory environment in the U.S. and Canada is also conducive to the growth of bioengineered food, providing a platform for innovation and product approval. As the market for bioengineered food expands, North America is expected to maintain its position as the leading region, driving global trends in sustainable food production and consumption.

Competitive Landscape and Leading Companies

The bioengineered food market is highly competitive, with a mix of established food industry giants, biotech firms, and startups pushing the boundaries of innovation. Leading companies such as Beyond Meat, Impossible Foods, and Tyson Foods are making significant strides in the development and commercialization of bioengineered products like plant-based meats and lab-grown alternatives. These companies are investing heavily in research and development, partnerships, and marketing to capture the growing demand for sustainable food solutions.

In addition to these market leaders, biotechnology companies like Calyxt, Eat Just, and Memphis Meats are also gaining traction, especially in the lab-grown meat and genetically modified crops sectors. With increasing investment in bioengineering technologies such as CRISPR and synthetic biology, the competitive landscape is expected to become more dynamic, with both large and small players shaping the future of the bioengineered food market. As innovation continues to drive the market forward, strategic collaborations, mergers and acquisitions, and regulatory advancements will play key roles in defining the competitive dynamics in this space

Recent Developments:

• Beyond Meat announced a strategic partnership with McDonald’s to develop new plant-based products, expanding its footprint in the fast-food industry and strengthening its market presence.
• Impossible Foods expanded its retail distribution, making its plant-based meat products available in more grocery stores across North America, aiming to make alternative proteins more accessible.
• Eat Just Inc. received regulatory approval from Singapore to sell its cultivated chicken, marking a significant milestone for lab-grown meat in the global market.
• Tyson Foods invested in several lab-grown meat startups, including Memphis Meats, signaling its commitment to diversifying its portfolio and exploring alternative protein sources.
• Nestlé launched a new line of bioengineered plant-based products, designed to offer sustainable, nutritious alternatives to animal-based food products, reinforcing its sustainability strategy.

List of Leading Companies:

• Impossible Foods
• Beyond Meat
• Tyson Foods
• Cargill
• DuPont
• General Mills
• Archer Daniels Midland Company (ADM)
• Nestlé
• Mars, Inc.
• Dow Chemical
• Eat Just Inc.
• Oatly
• Memphis Meats
• Perfect Day
• Calyxt

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