Genetically modified organism (GMO) market size, demand & global opportunity analysis outlook 2021
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Transcript of Genetically modified organism (GMO) market size, demand & global opportunity analysis outlook 2021
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Global Genetically Modified Organism (GMO) Food Market Outlook:
Industry Insights & Opportunity Evaluation,
2015-2021
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Genetically Modified Organism (GMO) Food
Market Overview
Since, times the genetically modified food have been
approved by FDA for the consumption, there has been a
lot of debate over the food for its safety for humans.
Despite of all criticism and hindrances, the GMO food
market has started picking up in recent years due to the
nutritional value it offers. However, the GMO food market
is in its nascent stage and has a long way to go to reach on
every shelf in the market. As, the demand for GMO food is
on a continuous rise, stacked traits, a mix of more than
one transgene, is expected to see the highest growth when
compared to Herbicide Tolerance (HT) and Insect
Resistance (IR).
The global genetically modified organism’s food market
will grow at a compound annual growth rate (CAGR) of
3.2% by the end of 2021. The production of genetically
modified crops will increase from 112million tons in 2015
to 130million tons in the year 2021.
Market Segmentation
By Type
On the basis of type the genetically modified organism’s
food market is segmented into:
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Vegetables
Crops
Animal products
Fruits
By Trait
Based on the type of traits, GMO food market is studied
on:
Herbicide Tolerance (HR)
Insect Resistance (IR)
Stacked Traits (ST)
By Region
On the basis of region the genetically modified organism’s
food market can be segregated into:
North America
Latin America
Western And Eastern Europe
Asia-Pacific
Row (Rest Of World)
Growth Drivers and challenges
A global demand for increased production capacity with limited existing resources along-with very less or no use of pesticide is the major factor that is projected to drive the
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demand for the GMO food in near future. 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 coming 7-8 years of time.
However, genetic pollution creation in the soil is the major setback for GMO food producers; government regulations to be met very strictly to grow GMO food. Further, lack of awareness amongst people and socially not accepted factor are projected to dampen the global genetically modified food market in coming years.
Market Size and Forecast
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. However, in Canada only four
kinds of GM crops are grown; corn, soy, canola, sugar beet.
At present, Europe imports approximately 60 GM
products from other countries, especially maize, soy bean,
cotton and sugar beet. In addition to that, Seventeen new
genetically modified food items have been given a green
signal to be imported in Europe. Citing, the reforms in the
region and demand for GMO foods, Europe is expected to
become one of the net imported of the GMO foods in near
future.
Furthermore, in Asia-Pacific region the countries are
witnessing a strong growth in GDP figures in recent years.
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India and China are projected to be the emergent countries
for the genetically modified food market.
Key Players
Syngenta Switzerland
Monsanto US
Sakata Japan
Bayer Crop Science Germany
Scope and Context
Overview of the Parent Market
Analyst View
Market Size and Growth
North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of Latin America)
Western and Eastern Europe (Germany, Italy, Spain,
France, U.K, Benelux, Hungary, Rest Of Western
Europe, Russia Poland, Rest of Eastern Europe)
Asia-Pacific (China, India, Singapore, Japan, Australia
& New Zealand & Rest of Asia)
Rest of World
Segmentation
By Type
By Region
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Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their
Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in
current dynamic environment.
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genetically-modified-gmo-food-market-analysis-
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