Biotechnology in Food Production Market Forecast 2014-2024

Biotechnology in Food Production MarketBiotechnology in Food Production Market Forecast 2014-2024 PR Newswire LONDON, March 25, 2014 Prospects for Genetically Modified Organisms (GMO) Companies The biotechnology in food production market will reach U S $ 1 0 1 . 9 6 b n in 2014. Meeting rising global food needs will demand another era of widespread adoption of innovative, science-based biotechnologies in food production that consider environmental and ecological issues, nutrient deficiencies and other more complex issues. The food system already looks different than it was 20 or 30 years ago: people are increasingly moving away from where food is produced and are less aware of how it is produced. More and more people will be living in population dense urban areas, creating the need for biotechnologies that will provide higher yields and overall increases in food production. While biotechnology in food production plays a very important role, overcoming barriers to acceptance still remains difficult. Critically engaging in meaningful dialogues on challenges and benefits of biotechnology might help move away from controversy and create a better partnership between the public and the private sector.