Insights on the US CRISPR in Agriculture Market to 2019 | Industry Statistics, Emerging Demands, Forecast to 2025
The US CRISPR in agriculture market is expected to
grow at a CAGR of 26.1% during the forecast period. The US is the leading
market for CRISPR in agriculture in North America and the largest economy
across the globe. The US is one of the leading countries in planting
genetically modified crops, accounting for more than 40% of acres growing
genetically modified crops across the globe. Increasing research funding in the
field of CRISPR technology in the country is anticipated to be a major
contributor to the growth of the CRISPR in the agriculture market in the
country. USDA's Animal and Plant Health Inspection Service, the Department of
Health and Human Services' Food and Drug Administration, and the US
Environmental Protection Agency are the three federal agencies that are
involved in ensuring that plants produced using biotechnology such as gene
editing sequencing and the many products derived from them are safe for farmers
to use, safe to consume as food or feed, and safe for the environment.
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The favourable
government support in the US related to the use of technology in agriculture is
again supporting the market growth. Approval for the adoption of CRISPR
technology by the US government for corn in 2017 is among one of them. The US
Department of Agriculture (USDA) is also in the process of liberalizing some
more varieties of crops that are resistant to 2, 4-D and other herbicides.
According to the Federation of American Scientists,
the National Institutes of Health (NIH, US) had funded almost $1.1 billion in
R&D in 2018 respectively for the CRISPR-related research activities and
projects. During the year 2014, the R&D funding was around $85 million,
whereas in 2015 it was around $267 million, in 2016 it was $603 million, in
2017 it was $947 million, followed by $1.1 billion in 2018. CRISPR in
agriculture offers several benefits related to crop yield and production thus,
being a large exporter of the crop across the globe, the US is highly
exploiting this technology to fulfill the growing demand for food across the
globe.
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US CRISPR in Agriculture Market Segmentation
By End-User
· Academic & Research Institutes
· Biotech Companies
By Target Type
· Crops
· Livestock
· Aquaculture Driving and Sports
Company Profiles
· Arcadia Biosciences
· BASF SE
· Bayer AG
· Benson Hill Biosystems, Inc.
· Calyxt, Inc.
· Caribou Bioscience Inc.
· Caribou Biosciences, Inc.
· Cibus Ltd.
· DowDupont Inc.
· E. I. du Pont de Nemours and Company
· GeneCopoeia, Inc.
· Horizon Discovery Group, PLC
· Inari Agriculture
· Intellia Therapeutics, Inc.
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