Genetically Modified Food Market Trends

  • Report ID: 117
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Genetically Modified Food Market Trends

Growth Drivers

  • Increasing Demand for Nutritional Foods
  • Growing R&D Activities in the Field of Biotechnology

Challenges

  • Strict Government Regulations Regarding Approval of GMO Food
  • Toxic Residues Eliminated from Genetically Modified Crops

Genetically Modified (GMO) Food Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

6.6%

Base Year Market Size (2023)

USD 109.38 billion

Forecast Year Market Size (2036)

USD 251.06 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Parul Atri


  • Report ID: 117
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for nutritional foods and increasing R&D activities in biotechnology are the major growth drivers for market.

The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021 – 2029.

Stringent government regulations regarding approval of genetically modified food and toxic residuals of genetically modified crops are estimated to hamper the market growth.

Asia Pacific region is estimated to provide more growth opportunities to the market owing to the implementation of new technologies for crop production.

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