Global Genetically
Modified Foods
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015-2025
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Report
Description
Report Description
The global genetically modified food market has been significantly growing due to the
rise in demand for healthy and nutritional food products by consumers of different age
group. Genetically modified (GM) foods are foods which are derived from organisms
whose genetic material (DNA) has been modified in such a way that it does not occur
naturally, e.g. through the introduction of a gene from a different organism (i.e. plants,
animals or microorganisms). Foods produced from by using GM organisms are often
referred to as GM foods. The major advantages of genetically modified foods are better
texture, flavor and high nutritional value along with longer shelf life. However, unusual
taste over non-GM food and safety concerns as it might interfere with the body normal
functioning are some of the disadvantages of genetically modified food.
Genetically Modified Foods: Drivers and Restraints
The major factors driving the genetically modified food market are high nutritional
content in the food, high production quantity and less requirement of pesticides.
However, damage to beneficial insects and soil fertility coupled with genetic pollution,
absence of any centralized government regulation and lack of awareness about the
benefits of GMO are factors which are restraining the market potential growth. Rising
demand for healthy food products, year round and easy availability of genetically
modified food are main trends in the genetically modified food market globally.
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Description
Report Description
Genetically Modified Foods: Segmentation
Genetically modified food market is segmented on the basis of type and region. On the
basis of type genetically modified food is segmented into crops, vegetables, fruits and
animal products. Corn and Soya are widely cultivated in genetically modified form as
compared to other crops in the US. Furthermore, on the basis of region the market is
segmented into North America, Latin America, Western Europe, Eastern Europe, Asia
Pacific, Japan and Middle East and Africa.
Genetically Modified Foods: Key Players
Major players operating in this category are Monsanto US, DuPont US, Syngenta
Switzerland, Bayer Crop Science Germany, Sakata Japan, BASF Gmbh, Group Limagrain
France to name a few. The global players are focused on partnership and collaboration
with other companies in order to increase its product portfolio, industry offering and
global presence. The global giant in genetically modified food are actively involved in
collaboration with the Advanced Research Institutes (ARIs) in the industrial countries
such as Brazil, Argentina, China, India, Malaysia and the Philippines for significant R&D
program in biotechnology and transgenic crops. Companies are also increasing their
R&D in some of the African countries such as South Africa, Kenya, Zimbabwe, Mali,
Nigeria, Egypt and Uganda in order to cater the growing demand for genetically
modified food in Africa
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Genetically Modified Foods: Regional Outlook
In 2014, North America was the largest market for genetically modified food and likely to
remain as market leader in terms of revenue during the forecast period. China and India
are the major countries in Asia-Pacific which is expected to emerge as major market for
genetically modified food market. Also, other developing countries such as Brazil is
anticipated to growth at a robust CAGR over the forecast period. The US government is
focused towards the safety of GM products. The industry is regulated by the Department
of Agriculture, for farm biotechnology, and the Food and Drug Administration, which
governs food and its ingredients. The developers of the genetically modified food
products are intensely involved in certifying their safety. For instance, FDA depends on a
consultative process with developers who voluntarily present their plans to the agency
before marketing the products
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