MarketsandMarkets Published Food Biotechnology Market

As the biotechnology market is evidencing the development in emerging technologies, it will continuously affect food industry by lowering the costs, offering new products. Also continuous efforts by the market players to improve microbial processes by improving the quality and nutritional value, is making this market more lucrative. The innovation in the Food biotechnology sector is assisting in industrialization of production related to fermented foods.

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Still the public acceptance is the most critical factor to be dealt by the industry. In fact the future of food biotechnology worldwide depends on the way adopted by the scientists, government and the industry to communicate with consumers on safety and benefits of this technology. More than 85 % of enzyme market globally is driven by U.S, EU and Japan. Also some Asian countries such as South Korea, India, Taiwan, and China are speculated to contribute in growth of this market.

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