The agricultural biotechnology market is segmented on the basis of application as transgenic crops and synthetic biology-enabled products and tools. Rapid changes in highly technical fields including DNA sequencing, synthetic biology and genome editing are driving new applications and products in agriculture.
The global genetically modified food market has been significantly growing due to the rise in demand for healthy and nutritional food products by consumers of different age group. Genetically modified (GM) foods are foods which are derived from organisms whose genetic material (DNA) has been modified in such a way that it does not occur naturally, e.g. through the introduction of a gene from a different organism (i.e. plants, animals or microorganisms). Foods produced from by using GM organisms are often referred to as GM foods. The major advantages of genetically modified foods are better texture, flavor and high nutritional value along with longer shelf life. However, unusual taste over non-GM food and safety concerns as it might interfere with the body normal functioning are some of the disadvantages of genetically modified food.