The global demand for Genetically Modified (GMO) Food Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2021 and foreseen to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Genetically modified foods, also known as genetically engineered foods (GE foods), or bioengineered foods are foods derived from organisms whose genetic material (DNA) has been modified in a way that does not occur naturally. It allows for reductions in food prices through improved yields and reliability. Crops are engineered for resistance to pathogens and herbicides and better nutrient profiles. Soybean, corn, canola, and cotton are the most focussed crop for modification. GM foods' legal and regulatory status varies by region, with some nations banning or restricting them, and others permitting them with widely differing degrees of regulation.
Demand for genetically modified crops is growing due to increasing global demand for increased production capacity with limited existing resources. Spiked demand for nutritious food items with a long shelf life is another factor in helping the GMO food market growth in the coming years. Most existing genetically modified crops have been developed to improve yield by introducing resistance to plant diseases or increased tolerance of herbicides. However, there are ongoing public concerns related to food safety, lack of awareness amongst people, and the debate on the social acceptability of GMO food, which is projected to obstruct the global genetically modified food market's growth in the coming years.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of genetically modified (GMO) food.
The entire genetically modified (GMO) food market has been sub-categorized into type of traits. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Type of Traits
- Herbicide Tolerance (HR)
- Insect Resistance (IR)
- Stacked Traits (ST)
This section covers regional segmentation which accentuates on current and future demand for genetically modified (GMO) food market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Genetically Modified (GMO) Food Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the genetically modified (GMO) food market include Syngenta Switzerland, Monsanto US, Sakata Japan, Bayer Crop Science Germany, BASF GmbH, DuPont US, Groupe Limagrain France, Dow Chemical Company, KWS SAAT SE, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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