CRISPR in agriculture in the UK market is expected to grow at a significant CAGR of 26.3% during the forecast period. Growing population in UK surge the demand for food across the nation. Editing plant genomes to feed a growing population is innovative technology in the agriculture industry. The potential of gene editing to address the growing demand for food has contributed to the growth of CRISPR in the agriculture market in UK. New companies are capitalizing on technology to improve crop production and quality. For instance, Tropic Biosciences (based in Norwich, UK) is using gene-editing technology including CRISPR to optimize and improve crop production. The company used gene-editing techniques for developing disease-resistant bananas and decaffeinated coffee.
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Recently, in March 2019, the company has launched a breakthrough GEiGS platform to improve crop protection by combining gene editing and RNAi technologies. The research performed in such companies is supported by external funds that allow such new market players to expand their technologies. For instance, Tropic Biosciences has raised $10 million in Series A funding from a global group of Ag and biotech investors. The oversubscribed round was led by agrifood tech venture funds PontifaxAgTech and Five Seasons Ventures. New York-based tech VC Tekfen Ventures, Swiss VC Emerald Technology Ventures, and Chinese agrifood accelerator Bits x Bites also participated in the round among others.
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UK CRISPR in Agriculture Market – Segmentation
• Academic & Research Institutes
• Biotech Companies
by Target Type
• Aquaculture Driving and Sports
• BASF SE
• Bayer AG
• Caribou Bioscience Inc.
• Cibus Ltd.
• CRISPR Therapeutics AG
• DowDupont Inc.
• E. I. du Pont de Nemours and Company
• Pairwise Plants
• Tropic Biosciences UK, LTD.
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