Market Research Report
Non-GMO Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||945182|
|Published||Content info||108 Pages
Delivery time: 2-3 business days
|Non-GMO Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: June 18, 2020||Content info: 108 Pages||
The global non-GMO (Non-Genetically Modified Organisms) food market is currently witnessing strong growth. Genetically modified organisms (GMOs) refer to living organisms, generally plants or microorganisms, whose genetic material is artificially altered in a laboratory through genetic modification or engineering techniques. GMO plants are widely used in the agriculture sector as they provide high yield, improved resistance to weeds and diseases and reduced need for pesticides. However, the unavailability of data regarding their safety has increased the demand for non-GMO food products among the masses. In line with this, many food and beverage companies are offering products made using non-GMO raw materials and ingredients.
Non-GMO foods are considered to be eco-friendly and natural, owing to which there is a favorable perception among consumers, especially vegans and vegetarians, about the nutritional profile and environmental impact of these products. This has led to a rise in the demand for food products grown using non-GMO seeds, such as grains, vegetables, and fruits. Also, many companies are using non-GMO ingredients for manufacturing baby or infant food. Besides this, numerous organizations, such as the Non-GMO Project, GMO Inside, and Organic Consumers Association, have undertaken initiatives to promote awareness regarding the presence of GMO ingredients in various food products across the globe. Such campaigns have led many leading brands to diversify their market operations by offering an extensive non-GMO ingredient portfolio. For instance, Cargill Incorporated, an American privately held corporation, has introduced a wide variety of ingredients ranging from sweeteners, starches and texturizers to oils, cocoa and chocolate to meet the growing consumer demand for non-GMO products. Looking forward, IMARC Group expects the market to register a CAGR of around 12% during 2020-2025.