Global Biofortification Market (2021-2026) by Targeted Crop, Technique, Targeted Nutrient, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Biofortification Market is estimated to be USD 95.7 Bn in 2021 and is expected to reach USD 175.15 Bn by 2026, growing at a CAGR of 12. 85%.

Market Dynamics

The rise in demand for nutritive food and increasing investments in Agrigenomics, the strong innovations in the agricultural sector, rising implementation of biofortification in crops are some of the major factors driving the market demand. In addition, the evolving developments in technologies coupled with increasing investments in agricultural expansions have a favorable impression on the global biofortification market. However, the lack of awareness regarding the benefits of biofortified crops is hampering market growth.

Furthermore, various countries such as France, Germany, Austria, Greece, Hungary, the Netherlands, Trinity, Santa Cruz, Sonoma, Luxembourg have banned genetically modified crops that are anticipated to hinder the market during the forecast period.

However, the autonomous environment for biofortification and the robust market likely in emerging countries will help generate new opportunities for the biofortification market.

Market Segmentation

The Global Biofortification Market is segmented further based on Targeted Crop, Technique, Targeted Nutrient, and Geography.

By Targeted Crop, the market is classified into cereals and grains, fruits and vegetables, legumes and pulses, oilseeds, and others. Amongst all, the cereals and grains segment is estimated to hold the highest market share during the forecast period.

By Technique, the market is classified as transgenic, conventional plant breeding, and agronomy. Amongst the two, the transgenic segment is estimated to hold the highest market share during the forecast period.

By Targeted Nutrient, the market is classified as vitamins, minerals, amino acids, and others. Amongst all, the vitamins segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. The Global Alliance for Improved Nutrition (GAIN) and HarvestPlus launched the Commercialisation of Biofortified Crops (CBC) Programme in Nigeria to significantly increase access to biofortified seeds, grains, and foods via commercial channels in Africa’s most populous country. - 1st February 2021

Company Profiles

Some of the companies covered in this report are AgBioForum, Agro Biosciences Inc, ArborGen Inc, Arcadia, BASF SE, Bayer AG, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Biofortification Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market