Genetically Modified Food Market Size

Genetically Modified (GMO) Food Market size was valued at USD 116.6 billion in 2024 and is expected to reach USD 267.63 billion by 2037, registering around 6.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of genetically modified food is evaluated at USD 123.14 billion.

The growth of the genetically modified (GMO) food market can be attributed to factors such as the growing demand for nutritional and functional foods, escalating production of genetically engineered crops and the rising investment for conducting research and development activities in the field of biotechnology. It is calculated that the functional food market will generate a revenue of approximately USD 320 million in 2022, up from USD 265 million in 2020. Apart from these, the cultivation of genetically modified foods is possible with minimal consumption of pesticides, which is also anticipated to drive growth to the market in the near future.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of genetically modified food is evaluated at USD 123.14 billion.

Genetically Modified (GMO) Food Market size was valued at USD 116.6 billion in 2024 and is expected to reach USD 267.63 billion by 2037, registering around 6.6% CAGR during the forecast period i.e., between 2025-2037.

North America industry is likely to dominate majority revenue share by 2037, on the back of increasing cultivation of soybean and corn, rise in adoption of biotech crops, and growing demand for modified food products produced in the region.

The major players in the market are BASF SE, Bayer AG, Syngenta Crop Protection AG, Sakata Seed America, and others.

Genetically Modified Food Market Size