Market Outlook
The global genetically modified foods market is expected to progress at 5.85% of CAGR over the forecast period 2019-2027. Some of the factors that are responsible for driving the growth of the genetically modified foods market are the increasing demand for organic food, the growing requirement for crop yield, the surge in genetically modified crop plantations and the depletion in the usage of pesticides. However, the major challenge that is restricting the growth of the genetically modified foods market globally is the lack of awareness about this technique.
The opportunities in the global genetically modified food market are the rise in the funds in biotechnology research & development, the evolving acceptance in developing countries, growth in the manufacturing of GM foods and the technological advancements. However, certain factors restrict the market growth. These factors are the negative effect on soil fertility and the inflexible government regulations.
The global genetically modified food market is segmented on the basis of food type. The food type segment is divided into crops, vegetables, fruits and animal products. The crop segment is further divided into corn, soybean, canola, sugar beet and cotton.
REGIONAL OUTLOOK
North America, Europe, Asia-Pacific, Latin America and Africa are the regional segments of the global genetically modified food market. The North America region leads the global genetically modified foods market by capturing the largest market share. The dominant position of North America in the global GMO foods market is attributable to the fact that countries of the US and Canada are the leading producers of biotech crops across the globe.
The Asia-Pacific GMO foods market is expected to be the fastest evolving region over the forecasted years. The APAC genetically modified food market is primarily driven by the rising population in the region that has promoted the adoption of new technologies in the agricultural sector to meet the requirements of the growing population coupled with increasing adoption of GM crops in the Asia-Pacific region.
Competitive Outlook
Some of the major players in the market include KWS SAAT SE, DLF-Trifolium, BASF SE, Metahelix Life Sciences, Limited, Takii & Co., Ltd., WinField Solutions LLC., Stine Seed, AquaBounty Technologies, Inc., Monsanto Company, J.R. Simplot, Group Limagrain, Dow-DuPont, Syngenta, Okanagan Specialty Fruits, Inc. (OSF) and Bayer AG.
Okanagan Specialty Fruits, Inc., is an agriculture biotech company, which develops non-browning Arctic apples. The company mainly provides its apples to various end-users, which are used as snacks or desserts, in schools in a meal, hospitals and other places. Arctic apples are used as an ingredient in pre-packaged salads, for direct intake of in beverage. The OSF has obtained a global license on the ability to control the expression of polyphenol oxidase (PPO) gene to control enzymatic browning in the tree of the fruit.
The global genetically modified foods market is expected to progress at 5.85% of CAGR over the forecast period 2019-2027. Some of the factors that are responsible for driving the growth of the genetically modified foods market are the increasing demand for organic food, the growing requirement for crop yield, the surge in genetically modified crop plantations and the depletion in the usage of pesticides. However, the major challenge that is restricting the growth of the genetically modified foods market globally is the lack of awareness about this technique.
The opportunities in the global genetically modified food market are the rise in the funds in biotechnology research & development, the evolving acceptance in developing countries, growth in the manufacturing of GM foods and the technological advancements. However, certain factors restrict the market growth. These factors are the negative effect on soil fertility and the inflexible government regulations.
The global genetically modified food market is segmented on the basis of food type. The food type segment is divided into crops, vegetables, fruits and animal products. The crop segment is further divided into corn, soybean, canola, sugar beet and cotton.
REGIONAL OUTLOOK
North America, Europe, Asia-Pacific, Latin America and Africa are the regional segments of the global genetically modified food market. The North America region leads the global genetically modified foods market by capturing the largest market share. The dominant position of North America in the global GMO foods market is attributable to the fact that countries of the US and Canada are the leading producers of biotech crops across the globe.
The Asia-Pacific GMO foods market is expected to be the fastest evolving region over the forecasted years. The APAC genetically modified food market is primarily driven by the rising population in the region that has promoted the adoption of new technologies in the agricultural sector to meet the requirements of the growing population coupled with increasing adoption of GM crops in the Asia-Pacific region.
Competitive Outlook
Some of the major players in the market include KWS SAAT SE, DLF-Trifolium, BASF SE, Metahelix Life Sciences, Limited, Takii & Co., Ltd., WinField Solutions LLC., Stine Seed, AquaBounty Technologies, Inc., Monsanto Company, J.R. Simplot, Group Limagrain, Dow-DuPont, Syngenta, Okanagan Specialty Fruits, Inc. (OSF) and Bayer AG.
Okanagan Specialty Fruits, Inc., is an agriculture biotech company, which develops non-browning Arctic apples. The company mainly provides its apples to various end-users, which are used as snacks or desserts, in schools in a meal, hospitals and other places. Arctic apples are used as an ingredient in pre-packaged salads, for direct intake of in beverage. The OSF has obtained a global license on the ability to control the expression of polyphenol oxidase (PPO) gene to control enzymatic browning in the tree of the fruit.
Table of Contents
1. Genetically Modified Foods Market - Summary
2. Industry Outlook
3. Genetically Modified Foods Market Outlook - By Food Type
4. Genetically Modified Foods Market - Regional Outlook
5. Competitive Landscape
6. Methodology & Scope
Tables List
Figures List
Companies Mentioned
A selection of companies mentioned in this report includes:
- Dlf-Trifolium
- Group Limagrain
- Basf Se
- Bayer Ag
- Dow-Dupont
- Kws Saat Se
- Monsanto Company
- Winfield Solutions, Llc.
- Okanagan Specialty Fruits, Inc. (Osf)
- Metahelix Life Sciences Limited
- Stine Seed
- Aquabounty Technologies, Inc.
- J.R. Simplot
- Syngenta
- Takii & Co., Ltd.