Biofortification Market Worth 8.89 million by 2026Posted by Priya Deshmukh on November 28th, 2019 The global biofortification market growth is expected to be steered by two 6 crops varieties: cereals (maize, rice, wheat, sorghum, barley and pearl millet), legumes (soybeans, common beans, lentils, lupines, cowpea and chickpea), oilseeds (mustard and canola), vegetables (sweet potato, carrot, cauliflower, potato, lettuce and cassava), fruits (grapes, mango, apple, banana and tomato), and others. Cereals crop variety segment is expected to spearhead the growth owing to the significant impact across the entire breadth of the agricultural process. Biofortification is also being researched for identifying crop varieties that can be grown by the process. The global markets for biofortification were estimated at .87 million in 2019. It is expected to reach 8.89 million by 2026 growing at a CAGR of 12.11 percent. Biofortification patent landscape is dominated by commercial companies over universities and research institutes. Exploiting the ownership nature of IP rights is one of the most critical angles for analyzing patent activity. It is essential to observe the type of patent applicants concerning their associations with academic, government research institutes or companies. Approximately # percent of the activity in Biofortification patent landscape is from the companies, whereas # percent of the patent activity is originating from academic applicants including universities, research institutes, hospitals, and government research wings and individuals. Biofortification Market leading players As the biofortification technology is in its nascent stage, new crop varieties such as cereals, legumes, oilseeds, vegetables, fruits and others are being identified. It requires an immediate and comprehensive market and patent information and analysis for existing players to diversify and new players to invest in this technology. Aheadintel- Biofortification Market Report and Patent Landscape-analysis - 2026 introduced significant player in Biofortification Market are as follows:
Bayer AG holds the most extensive patent portfolio with # IP assets. Bayer Group is a leading producer of agricultural chemicals. Crop Protection unit of the company makes herbicides, insecticides and fungicides. The company also operates in units focusing on non-crop chemicals like consumer lawn products and genetically modified seeds. Bayer has been developing both its Bioscience unit and seeds business. Bayer announce a three-year renewal of partnership with White Ribbon for the improvement of health in women, infants and children. Bayer AG holds the largest patent portfolio in Biofortification with # IP assets It has been one of the pioneers in innovative research in Biofortification space and has continuously filed for patents along with Stine Seed farm Inc which has a portfolio of # Biofortification patents. The cereals and grains segment are expected to be the largest whereas the fruits and vegetable segment is anticipated to record the highest CAGR during the forecast period. The cereals and grains segment is expected to be the largest whereas the fruits and vegetable segment is anticipated to record the highest CAGR during the forecast period. Biofortified cereals market is the most dominant application segment among all and is expected to be valued at ## million in 2019. Rice and wheat are the main source of nutrition to a large number of people across the world which is why there is a huge demand for biofortified cereals crop variety. Get your analysis on 54 market figures and 21 market data tables in 142 page up to date report and detailed TOC on Biofortification Market Report and Patent Landscape Analysis-2026
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