PUBLISHER: SkyQuest | PRODUCT CODE: 1250120
PUBLISHER: SkyQuest | PRODUCT CODE: 1250120
Global Non-GMO Market size was valued at USD 2.72 billion in 2021, and it is expected to reach a value of USD 6.56 billion by 2028, at a CAGR of 13.4% over the forecast period (2022 - 2028).
The global non-GMO food market refers to food products that are produced without the use of genetically modified organisms (GMOs). Non-GMO foods are in high demand due to growing concerns about the potential health and environmental risks associated with GMOs. Non-GMO foods are typically produced using traditional breeding methods and are considered to be more natural and sustainable.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Non-GMO Food market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
The global non-GMO market segmentation is based on product, distribution channel and region. Based on product the market is segmented into dairy products, bakery products, confectionery products, meat and poultry products, cereals and grains, edible oil, alcoholic beverages, non-alcoholic beverages, and others. Based on distribution channels the market is segmented into supermarkets/hypermarkets, convenience stores, online retail stores and others. Based on region the global non-GMO market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Driver
the global non-GMO food market is increasing consumer awareness and concerns about the potential health risks associated with GMOs. Consumers are becoming more conscious about the food they eat and are demanding healthier and more natural food products. Growing demand for organic and natural foods is also driving the growth of the Non-GMO food market. the increasing regulations and policies related to GMOs, which are encouraging food manufacturers to produce Non-GMO products. Some countries have banned or restricted the use of GMOs, and others require labelling of GMO products. This has created a market opportunity for Non-GMO food products.
Restraint
The major restraints for the Non-GMO food market is the higher cost of production. Non-GMO crops require more time and resources to produce, which results in higher costs for farmers and food manufacturers. This can make non-GMO products more expensive for consumers, which may limit their adoption.
Market Trends
the Non-GMO food market is the increasing use of Non-GMO ingredients in processed foods. Many food manufacturers are replacing GMO ingredients with Non-GMO alternatives in their products, or are introducing new Non-GMO product lines to meet consumer demand. the growing popularity of non-GMO meat and dairy products. Consumers are becoming more concerned about the use of GMO feed in livestock production, and are seeking out Non-GMO meat and dairy products as a result. This is creating a market opportunity for farmers and food manufacturers who can produce Non-GMO animal feed and products.