Research and Markets released the report Agricultural Biotechnology Market -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 -
2019. The report analyzes and forecasts the global agri-biotech market in
terms of revenue from 2012 to 2019.

According to the report, soybean and corn are the most widely consumed GM
crops globally. Rising demand for animal feed due to increasing consumption
of meat is expected to drive the market for these crops. The global
agri-biotech market was dominated by North American countries because of
high adoption of GM crops and acceptance of consumers. Furthermore, the
report also reveals that biotech companies are spending 15-20 percent of
revenues on research and development initiatives. It is forecasted that
Brazil will be the next growth engine of agri-biotech after U.S.

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