Biofortification Market Report: Market Revenue to close at USD 139.1 BN by 2026
Posted On May 15, 2020
The Global Biofortification Market report evaluates the market revenue to reach USD 139.1 BN mark in 2026. It was valued at USD at USD 83.9 BN in the year 2019. The CAGR is expected to be close to 7.5% from 2020 till the end of 2026 according to the newly published report by Value Market Research. An increase in the global population, urbanization, and work-driven busy life has directed unhealthy and uneven eating habits thus, creating awareness about the high nutritional value among the masses. The surged demand for high nutritive value food acts as a key driver for the biofortification market. However, in the current COVID-19 situation, the traveling restrictions and quarantines may bring an abrupt decline in trade and consumer expenses until the end of the second quarter of the year. The continual advancements in technologies along with increasing investments in the development of agricultural are expected to push the global biofortification demand curve in the direction of growth.
Biofortification is a cultivation method adopted to increase the nutritional value of the crops. It can be achieved either through genetic engineering or traditional selective breeding. The nutritional value of the crops can be achieved by following agronomic practices, conventional practices, and modern biotechnology. These processes aim to boost nutrient levels in crops during the growth phase. It could be either nutrition-based or crop-based. The key intent of this method is to prevent micronutrient deficiencies to reach households. The potential benefit of the biofortification program is to impact the larger population at lower investments.
The report "Global Biofortification Market Report By Target Nutrient (Zinc, Iron, Vitamins And Others), Crop (Sweet
Potato, Cassava, Rice, Corn, Wheat, Beans, Pear Millet And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" initially provides the market overview, executive summary followed by detailed revenue analysis bifurcated by segments and regions. The market drivers responsible for pushing the market growth are discussed in length in the report. The biofortification market opportunities are useful to identify the profit canters and take the strategic decision accordingly.
On the basis of target nutrient the biofortification market is bifurcated into zinc, iron, vitamins and others. By crop the biofortification market is bifurcated into sweet potato, cassava, rice, corn, wheat, beans, pear millet and others.
The research study is broadly segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. The revenue and/ volume data distribution is covered in detail in the report.
The Report Segments Global Biofortification Market -
By Target Nutrient
- Sweet Potato
- Pear Millet
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Agro Biosciences Inc., BASF, Bayer, Charles River, Dowdupont, Intertek, Lemnatec, Monsanto and Syngenta among others.
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