Genetically Modified Food Market Trends

On the basis of geographical analysis, the genetically modified (GMO) food market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in North America is estimated to garner the largest market share over the forecast period on the back of increasing cultivation of soybean and corn, rise in adoption of biotech crops, and the growing demand for modified food products produced in this region from other parts of the world. The United States was the largest producer of maize in 2020, amounting to more than 360 million thousand tons. Furthermore, Europe is evaluated to be the second largest shareholder in the market during the forecast period accounting to the intensifying number of imports of genetically modified food products in this region, especially cotton, maize and sugar beet. However, Asia Pacific’s market is expected to witness the highest growth in the future, which can be credited to the intensifying implementation of new technologies for cultivation and the surge in population growth in the region.

The genetically modified (GMO) food market is further classified on the basis of region as follows:

• North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
• Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis