Global Biofortification Market report helps identify the diverse market opportunities of the worldwide Biofortification industry. Global Biofortification Market contains the latest market information that firms can gain from a thorough analysis of the Biofortification industry and future trends. Global Biofortification Market report utilizes expertise solutions and potential capabilities that help to grow your business and thrive in the market.
Market Analysis: Global Biofortification Market
Global Biofortification market is expected to rise from its initial estimated value of USD 77.00 million in 2018 to an estimated value of USD 151.19 million by 2026, registering a CAGR of 8.80% during the forecast period of 2019-2026.
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Key Market Competitors:
Few of the major competitors currently working in the global biofortification market are-HarvestPlus, Syngenta AG, Bayer AG, BASF SE, DowDuPont, Monsanto Company, Charles River, LemnaTec GmbH, Intertek Group plc, Church & Dwight Co. Inc., Nestle, Intrexon, Okanagan Specialty Fruits Inc, ArborGen Inc, Arcadia Biosciences, The Mauro Seed Company, Metahelix, Mahyco, Protalix Biotherapeutics and Evogene Ltd.
Biofortification is a process which helps in improving the nutritional quality of food crops through conventional plant breeding, modern biotechnology or agronomic practices. It differs from conventional fortification which aims to increase the nutritional levels in crops during the growth of plants rather than using manual means during crop processing.
Table of Contents:
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
- North America
- South America
- Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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By Crop (Sweet Potato, Cassava, Rice, Corn, Wheat, Beans, Pearl Millet, Others),
By Target Nutrient (Zinc, Iron, Vitamins, Others),
By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Key Developments in the Market:
In October 2018, Distributed Bio and Charles River entered into an exclusive partnership. This strategy allowed Charles River’s clients to access the Distributed Bio’s integrated antibody optimization technologies and antibody libraries.
In February 2018, the Bill & Melinda Gates Foundation awarded HarvestPlus-India with a USD 6 million grant for expanding its biofortification work in two new states including Odisha and Bihar. This strategy would help in the expansion of the company and to enhance its customer base.
- Market drivers and restrains
- Key trends of the market
- Challenges of market growth
- Major players in the market
- CAGR values for the forecast period and historic years
Global biofortification market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of biofortification market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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