Biotech Updates

Report Presents Agri-Biotech Global Market Trends for 2013-2019

May 28, 2014

Research and Markets released the report Agricultural Biotechnology Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019. The report analyzes and forecasts the global agri-biotech market in terms of revenue from 2012 to 2019.

According to the report, soybean and corn are the most widely consumed GM crops globally. Rising demand for animal feed due to increasing consumption of meat is expected to drive the market for these crops. The global agri-biotech market was dominated by North American countries because of high adoption of GM crops and acceptance of consumers. Furthermore, the report also reveals that biotech companies are spending 15-20 percent of revenues on research and development initiatives. It is forecasted that Brazil will be the next growth engine of agri-biotech after U.S.

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