Global Genetically Modified Feed Market - 2023-2030

Market Overview

The Global Genetically Modified Feed Market reached US$ 61.5 billion in 2022 and is expected to reach US$ 94.3 billion by 2030 growing with a CAGR of 5.5% during the forecast period 2023-2030.

GM feed offers several potential benefits in livestock production. These include enhanced nutritional value, increased feed efficiency, improved pest and disease resistance, better weed control, environmental sustainability, and food safety. Transgenic crops, including herbicide-tolerant varieties, are a form of crop improvement through genetic modification, enabling enhanced weed control and increased productivity in livestock farming when used as GM feed. Genetic engineering and other genetic modification techniques facilitate the precise insertion of desired genes into crops used for GM feed, enabling the development of improved traits and enhanced nutritional value.

Feed additives, along with gene editing and other genetic modification techniques, allow for the precise insertion or modification of genes in crops used for GM feed, resulting in the development of desired traits and improved nutritional composition. Gene insertion is a genetic modification technique used in crop improvement for GM feed. Herbicide-tolerant crops are genetically modified (GM) crops used in GM feed that have been engineered to tolerate specific herbicides, allowing for effective weed control without harming the crop. Increasing consumer awareness and demand for transparency in food production are influencing the trends in GM feeds.

Market Dynamics

Increase in the Livestock Production Globally Helps to Drive the Market Growth

GM feed, particularly genetically modified crops, can enhance the nutritional value and yield of animal feed. By incorporating traits such as increased nutrient content, pest resistance, or herbicide tolerance, GM feed can contribute to improved animal health and growth rates. This leads to increased livestock production and helps meet the growing demand for animal protein.

According to the data given by Statista, the global cattle population is about 940 million in 2022 which is an increase from 937.7 million in 2021. Goats, ducks, buffalos, sheep, horses, cattle, pigs and poultry are the most adopted livestock for tilk, meat or eggs. Chickens are the most widespread domestic livestock in the world. According to the data given by Chicken Fans in 2023, globally more than 34.4 billion birds are there.

Rising Demand for the GM Feed Due to its Several Benefits and Awareness Among Consumers

GM feed can be engineered to have improved nutritional profiles. For example, crops can be modified to have higher levels of essential nutrients, such as vitamins, minerals, or amino acids. This can help meet the specific dietary needs of livestock and enhance their overall health and performance. GM feed can improve feed conversion efficiency, allowing livestock to convert feed into animal products more efficiently. This results in better growth rates, higher weight gains, and improved production efficiency. It helps reduce the amount of feed required per unit of animal product, leading to cost savings for farmers and more sustainable resource utilization.

GM feed can be developed with traits that provide resistance to pests, diseases, and parasites. This reduces the need for chemical pesticides or medications and helps protect livestock from common pathogens. Enhanced pest and disease resistance can contribute to better animal health, reduced mortality rates, and improved overall productivity.

Strict Government Regulations Hampers Market Growth

Governments typically have a regulatory framework in place that requires companies to seek approval before commercializing GM feed. This process involves a rigorous assessment of the safety and efficacy of the GM feed, including considerations of potential health risks, allergenicity, and environmental impacts. Governments may require labeling of GM feed or products derived from animals fed GM feed.

Labeling regulations vary across jurisdictions, with some countries mandating explicit labeling of genetically modified organisms (GMOs) or specific GM traits, while others have more lenient or voluntary labeling approaches. Labeling aims to provide consumers with information and choice regarding the presence of GM ingredients in feed or food products. In the United States, the U.S. Food and Drug Administration (FDA), U.S. Environmental Protection Agency (EPA), and U.S. Department of Agriculture (USDA) together regulate GMOs. They regulate most animal food and human including GMO foods.

COVID-19 Impact Analysis

The pandemic has presented challenges in terms of farming practices and labor availability. Farmers and farmworkers may have faced restrictions on movement, labor shortages, and disruptions in agricultural operations. These challenges can impact the production and adoption of GM feed in farming systems.

While the short-term impacts of the pandemic on the GM feed industry have been significant, the long-term outlook remains positive. The demand for animal products and sustainable livestock production is expected to rebound as economies recover and foodservice activities resume. The GM feed industry is likely to adapt to the changing market dynamics and continue its growth trajectory.

Russia-Ukraine Impact Analysis

The conflict and geopolitical tensions between Russia and Ukraine can influence the regulatory environment surrounding GM feed. Changes in government policies, import/export regulations, and trade agreements may impact the import and use of GM feed ingredients.

The conflict can lead to shifts in market dynamics, including changes in demand and consumption patterns. Economic instability, political uncertainties, and population displacement can influence the demand for animal products and subsequently impact the demand for GM feed in the region. The conflict can disrupt investment and research activities related to the GM feed industry. Uncertainties and risks associated with the conflict may deter investment in the industry, potentially impacting the development and adoption of new GM feed technologies and products.

Segment Analysis

The global genetically modified feed market is segmented based on type, application and region.

Increase in the Production of GM Soybean Helps to Boost Segment Growth

The global genetically modified feed market by type has been segmented by corn, soybean, canola, cottonseed, alfalfa , fruits & vegetables and others.

One of the primary traits introduced in GM soybeans is herbicide resistance. Specifically, GM soybeans are genetically engineered to be resistant to certain herbicides, such as glyphosate (commonly known as Roundup). This trait allows farmers to apply herbicides to control weeds without harming the GM soybean plants, resulting in improved weed management and higher crop yields. Some GM soybean varieties are also engineered to express proteins that are toxic to specific insect pests, such as the soybean looper and corn earworm. This genetic modification helps protect soybean plants from insect damage and reduces the need for chemical insecticides. In turn, it can lead to higher crop yields and reduced losses due to pests.

Some of the major countries have given approval for the GM soybean which helps to boost segment growth over the forecast period. For instance, in May 2023, China approved GM soybean which is developed by Shandong Shunfeng Biotechnology Co., Ltd, and has two modified genes, significantly raising the level of healthy fat oleic acid in the plant.

Geographical Analysis

Increasing Livestock Population and Demand for GMO feed in Asia Pacific Region Accounted Significant Market Share

The Asia Pacific region is one of the largest and fastest-growing markets for animal feed globally. The market is driven by the rising population, increasing urbanization, and a growing middle-class population with changing dietary preferences that include increased consumption of meat, eggs, and dairy products. The region has a diverse livestock industry that includes poultry, swine, cattle, aquaculture, and other animal sectors. The demand for animal feed is primarily driven by the need to provide nutritionally balanced diets for the growing livestock population.

Poultry feed is the largest segment within the animal feed market in the Asia Pacific. According to the data given by National Investment Promotion and facilitation agency in 2022, India has 17.5% of the world population and accounted 20% of the global livestock production on just 2.3% of the planets land area. The population of animals is growing at the rate of 0.66% annually.

Competitive Landscape

The major global players include: Bayer AG, Syngenta, DuPont, Dow, Monsanto, BASF, Corteva Agriscience, J.R. Simplot Company, Okanagan Specialty Fruits Inc., and KWS SAAT SE & Co.

Why Purchase the Report?

• To visualize the global genetically modified feed market segmentation based on type, form, feed type, and application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of genetically modified feed market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Genetically Modified Feed Market Report Would Provide Approximately 69 Tables, 74 Figures, and 102 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies