Europe CRISPR in Agriculture Market Industry Growth, Size, Share and Forecast 20

Posted by OMR Global on February 4th, 2020

European CRISPR in agriculture market is expected to grow at a significant CAGR of 25.6% during the forecast period. Europe is the well-established region that comprises few of the largest economies across the globe. The region has established agriculture research facilities in order to develop effective and productive crops. Additionally, due to increasing dependency on non-vegetarian foods such as meat, chicken, pork, and others. Europe is considered to be a significant destination for animal husbandry. Transforming agriculture practices and growing reliability on limited crops is augmenting the demand for non-vegetarian food. Therefore, gene-editing plays a critical role in maintaining fitter, healthier, and more productive farmed animals.  

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Major countries such as Germany, UK, and France are contributing significantly to the CRISPR in the agriculture market due to growth in animal husbandry practices and surging demand for aquaculture in countries such as Germany, Spain, and Italy.Across Europe, the demand for organic food has increased in the past 10 years. The researchers are making efforts to create more productive yields which helps farmers and food companies to attract more investment. High investment is the key to meet the growing demand amongst European consumers for organic food. 

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However, unfavorable regulations passed by the European Court of Justice on 25th July 2018 are restraining the investors to provide funds and hence, slowing down the R&D of gene-edited crops. The rule by the European Court of Justice states that genome-edited crops should be considered GMOs and subject to the same stringent regulations as conventional GMOs. The stringent regulations hinder the commercialization of genome editing applications across European countries. Although, in the future, separate legislation for genome editing is expected to enforce in Europe which is expected to benefit researchers and food companies.  

Europe CRISPR in Agriculture Market Segmentation 

By End-User 

  • Academic & Research Institutes
  • Biotech Companies 

By Type 

  • Crops
  • Livestock
  • Aquaculture Driving and Sports 

Regional Analysis 

  • Germany
  • UK
  • Italy
  • Spain
  • France
  • Rest of Europe 

Company Profiles 

  • Bayer AG
  • Caribou Bioscience Inc.
  • Cibus Ltd.
  • CRISPR Therapeutics AG
  • DowDupont Inc.
  • E. I. du Pont de Nemours and Company
  • ERS Genomics
  • Horizon Discovery Group, PLC 

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. 

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