(MENAFN - America News Hour) Recent report published by research nester titled ' Global Genetically Modified (GMO) Food MarketAnalysis & Opportunity Outlook 2021' delivers detailed overview of the global genetically modified (GMO) food market in terms of market segmentation by type, by trait and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model.
The global genetically modified (GMO) food
market has been segmented into vegetables, crops, animal products and fruits.
Among these segments, vegetables and crop segment is anticipated to dominate
the market in near future. Factors such as soil fertility, high production rate
combined with great nutritional content in food are expected to drive the
growth of the market over the forecast period. The
production of genetically modified crops is anticipated to increase from 112 million
tons in 2015 to 130million tons in the year 2021. These factors are envisioned
for the expansion of the global genetically modified (GMO) food market
in upcoming years.
The global market for genetically modified (GMO) food is anticipated to grow at a compound annual growth rate of 3.2% by the end of 2021. This can be attributed to the nutritional value it offers. The demand for GMO food is on a continuous rise due to stacked traits and a mix of more than one transgene is expected to see the highest growth when compared to Herbicide Tolerance (HT) and Insect Resistance (IR).
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This constant rise is expected to drive the growth of global genetically modified (GMO) food market by noteworthy revenue by the end of 2021.
In the regional segment, North America was the largest market for genetically modified food market in the year 2014. Currently in the U.S, 86% of corn, 93% of soybean and 90% of cotton are genetically engineered. These factors are anticipated to drive the growth of global genetically modified (GMO) food market in North America. Further, in Asia-Pacific region, the countries have witnessed a strong growth in GDP figures in recent years. India and China are projected to be the emergent countries for the genetically modified food market.
Growing Demand for Nutritious Food Products
The global demand
for increased production capacity with limited existing resources along-with very
less or no use of pesticide is believed to supplement the growth of genetically
modified food market. In addition to this, spiked demand for nutritious food
items with long shelf life is yet another reason to help GMO food market to
expand in upcoming years
However, genetic pollution creation in the soil combined with stringent government regulations to grow GMO food is the major setback for GMO food producers. Further, lack of awareness among people and socially rejection factor are projected to dampen the global genetically modified food market in upcoming years.
This report also provides the existing competitive scenario of some of the key players of the global genetically modified (GMO) food market which includes company profiling of Syngenta Switzerland, Monsanto US, Sakata Japan, Bayer Crop Science Germany, BASF GmbH, DuPont US, Groupe Limagrain France, Dow Chemical Company, KWS SAAT SE and others.
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global genetically modified (GMO) food market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
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Betty Wester graduated from Columbia. He grew up in the UK but moved to US after school. Betty has been a tech-savvy person. He is always interested in knowing new arrivals in the world of Technology. Betty is a tech author. Along with a tech-savvy writer, He is a food lover and solo traveler. Betty has written for several major publications including MarketWatch, BuzzFeed and the Huffington Post. he is a community reporter and also covers world events.