US CRISPR in Agriculture Market 2019-2025

The US is the leading market for CRISPR in agriculture in North America and the largest economy across the globe. The US is one of the leading countries in planting genetically modified crops, accounting for more than 40% of acres growing genetically modified crops across the globe. Increasing research funding in the field of CRISPR technology in the country is anticipated to be a major contributor to the growth of the CRISPR in the agriculture market in the country. USDA's Animal and Plant Health Inspection Service, the Department of Health and Human Services' Food and Drug Administration, and the US Environmental Protection Agency are the three federal agencies that are involved in ensuring that plants produced using biotechnology such as gene editing sequencing and the many products derived from them are safe for farmers to use, safe to consume as food or feed, and safe for the environment.

The favorable government support in the US related to the use of technology in agriculture is again supporting the market growth. Approval for the adoption of CRISPR technology by the US government for corn in 2017 is among one of them. The US Department of Agriculture (USDA) is also in the process of liberalizing some more varieties of crops that are resistant to 2, 4-D and other herbicides.

According to the Federation of American Scientists, the National Institutes of Health (NIH, US) had funded almost $1.1 billion in R&D in 2018 respectively for the CRISPR-related research activities and projects. During the year 2014, the R&D funding was around $85 million, whereas in 2015 it was around $267 million, in 2016 it was $603 million, in 2017 it was $947 million, followed by $1.1 billion in 2018. CRISPR in agriculture offers several benefits related to crop yield and production thus, being a large exporter of the crop across the globe, the US is highly exploiting this technology to fulfill the growing demand for food across the globe.

Research Methodology

The market study of the US CRISPR in Agriculture market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors.

Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. US CRISPR in Agriculture Market Research and Analysis by End-users
2. US CRISPR in Agriculture Market Research and Analysis by Target Type

The Report Covers

• Comprehensive research methodology of the US CRISPR in Agriculture market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US CRISPR in Agriculture market.
• Insights about market determinants which are stimulating the US CRISPR in Agriculture market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.