Genetically Modified Organisms Market Is Expected To Generate Huge Profits by 2021
Deerfield Beach, FL -- (SBWIRE) -- 01/23/2017 -- Genetic engineering is the science for cloning or manipulating DNAs or genes to create new characteristic in organism or produce protein or hormone. Genetic engineering is mostly used for generating recombinant DNA and is done by inserting desired trait gene or by deletion or mutating gene in cell or virus known as vector. Genetically engineered plants, animals or microbes are called as genetically modified organisms.
Increased productivity due to genetically modified plants and government subsidy for development of genetically modified organisms are factors driving the growth of genetically modified organism market. Furthermore, strong inclination of R&D in genetic research and expanding biotech and pharmaceuticals industries triggers the growth in the market. Also affordable food, long shelf life, resistance to disease and increased flavors are some aspects that help in development of market. Yet, strict regulatory policy issues, moral concern of human health and development of superweeds are prime restraints affecting the growth of genetically modified organisms market. Nevertheless, funding from government and private institutions for research and developing of genetically modified organism is likely to open new market avenues in the near future.
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The report covers forecast and analysis for the genetically modified organisms market on a global and regional level. The study provides significant data of 2014 along with estimated from 2014 to 2020 based on revenue (USD Million). The report also offers detailed competitive landscape of the global genetically modified organisms market. It includes company market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the genetically modified organisms market based on application segment, end users segment and region.
The genetically modified organisms market is segmented on the basis of application, end user and region. Modified plants, animals and cell line are three types of applications. Modified plants are also known as transgenic plants. GM rice, GM cotton, GM soybeans, GM maize and others are some of the modified plants. Further, dolly the sheep, ruppy the fluorescent dog, glofish, vacanti mouse and others are types of genetically modified animals. Modified plants accounted for major market share due to widespread applications and advantages. Biotech and pharmaceuticals companies and research centers, clinical trial centers are the different end users of the genetically modified organisms market.
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The U.S., India, Brazil, China, Argentina and Canada are witnessing an unprecedented boom in GM crops in recent times. There was sharp rise in demand of GM crops in South Africa, Paraguay and Australia in 2006. Europe has shown exceptional growth due to appreciable production of GM maize in Spain owing to high cultivation rate. In Germany, Portugal, Czech Republic and France, transgenic crops continue to gain traction in the years to come.
Some top research centers in genetically modified organisms markets are NIAS, and ICGEB among others.
The report segments of the genetically modified organisms market into:
Genetically Modified Organisms Markets: Applications Segment Analysis
Genetically modified plants
Genetically modified animals
Genetically modified cell line
Genetically Modified Organisms Markets: End users Segment Analysis
Clinical trials research centers
Genetically Modified Organisms Markets: Regional Segment Analysis
Middle East & Africa
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