Global Non-Genetically Modified Organisms Food Market - 2022-2029

Global Non-Genetically Modified Organisms Food Market - 2022-2029

Market Overview

Genetically modified organisms (GMOs) are living things with their genetic material artificially altered in a lab using genetic engineering or modification techniques. These living things are typically plants or microorganisms. Due to their high yield, enhanced resistance to weeds and diseases, and decreased need for pesticides, GMO plants are widely used in agriculture. However, the lack of information about their safety has increased public demand for non-GMO food products. Accordingly, many food and beverage businesses are selling goods made with non-GMO ingredients and raw materials. Demand for non-GMO ingredients is driven by consumer awareness of the value of clean-label food ingredients. The primary components of processed foods are generating growing consumer interest.

The global non-genetically modified organism’s food market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of 10.25% during the forecast period (2022-2029).

Market DynamicsPositivity regarding nutrition and rising environmental concerns fuels the market expansion

Consumers, especially vegans and vegetarians, have a favorable perception of the nutritional profile and environmental impact of non-GMO foods because they are seen as eco-friendly and natural. As a result, demand for non-GMO food items like grains, vegetables, and fruits has increased. Additionally, many businesses produce baby or infant food with non-GMO ingredients. On the other hand, the Non-GMO Project, GMO Inside, and the Organic Consumers Association are just a few organizations that have started campaigns to spread knowledge about the use of GMO ingredients in various food products worldwide. In response to such campaigns, several top brands have expanded their product lines and non-GMO ingredient offerings. Cargill Incorporated, a privately held American company, has introduced a in order to satisfy the rising consumer demand for non-GMO products, a variety of ingredients are used, ranging from sweeteners, starches, and texturizers to oils, cocoa, and chocolate.

However, genetic insertion into a food plant's DNA occurs randomly, and scientists have yet to learn where the inserted genes end up. This can lead to the production of novel proteins never found in food supplies, disrupting other genes' ability to function and food toxicity and allergy issues. One of the key problems that will act as a barrier to the growth of the non-GMO food market during the forecast period is the high cost of non-GMO food products.

Market Segmentation: The cereals and grains segment accounted for the highest share

Over the forecast period, cereals and grains will experience a gratifying growth rate of XX%. Non-GMO grains and cereals are some of the market's most well-liked non-GMO food products. This results from grains and cereals being a common source of fiber and carbohydrates. It includes foods like wheat, corn, and soybeans that, in different parts of the world, millennials, baby boomers, and the elderly consume due to their nutritional value. For instance, American farmers have access to a new hybrid wheat variety that might allay concerns about crops containing genetic engineering. Due to decreasing grain supplies, seed companies around the world are introducing the new hybrid to boost production. Studies predict that the first wheat seeds will be planted on 2,000 to 2,800 hectares of American farmland the following year.

On the other hand, the non-GMO food industry, which supermarkets and hypermarkets largely dominate, is anticipated to grow at a CAGR of XX% during the forecast period. Supermarkets and hypermarkets offer convenient shopping, a wide variety of goods and brands, and improved brand visibility. Additionally, supermarkets and hypermarkets are concentrating on offering their customers high-quality non-GMO food products, driving the growth of the non-GMO food market.

Geographical Penetration: The North America is dominating region during the forecast period

North America is anticipated to rule the global market shortly in terms of revenue. The middle class in North America is rapidly expanding, as is the purchasing power of its roughly 500 million consumers, due to strong economic growth and rising urbanization. Supermarkets in the United States are more likely to carry these products, which is likely to support the local market expansion. These supermarkets typically show a personal interest in environmental protection and human health. Additionally, the market is anticipated to be driven by strong and rising consumer awareness of environmental and health issues and growing disapproval of GM farming and food products among consumers.

On the other hand, Europe is one of the top consumers of non-GMO food, and it is anticipated that the region will perform reasonably well for the forecast duration. As more big-box retailers enter the non-GMO market, the aggressive and targeted marketing and promotion of the products in the retail sector will probably worsen. The broad availability of the product type through all distribution channels will positively affect market expansion. Additionally, the government's introduction of sound policies to promote the production and consumption of non-GMO food is likely to influence the industry's future growth significantly. The regional market is driven by the industry's and consumers' increased focus on non-GMO products.

Additionally, the market's emerging region, Asia Pacific, is anticipated to expand at the highest CAGR during the projection period. While the more affluent and educated people in countries like Korea, Japan, and Australia are very interested in the product, consumers in China and India are driving demand growth in the region.

Competitive Landscape

There are several established participants in the industry and local manufacturers; hence, the market is fragmented. Some major key players are Albert's Organics Chiquita Brands, Shanghai Green Life Agri-Tech Company, Shanghai Food, YMT Organic Farm, Hain Celestial, Amy's Kitchen, Organic Valley, Nature's Path Foods, United Natural Foods and Beijing Green Yard Development. To maintain their position in the market, businesses are increasing their marketing and R&D expenditures and broadening their distribution networks. Additionally, they are implementing competitive strategies by increasing their investment in product development to meet the tastes and preferences of the new generation of consumers. For instance, in November 2021, Protein Industries Canada co-invested in a project that will expand Canada's meat-alternative product offerings. Merit Functional Foods, Wamame Foods, Winecrush Technology, and Wismettac Asian Foods are partnering to manufacture plant-based, non-soy alternatives to Wagyu beef and pork. The new products will include Canadian-grown crops, non-GMO peas, and canola. In November 2021, Plant-based foods maker LikeMeat introduced a new product, Like Chick'n Wings. The meat-free wings are packaged with Buffalo sauce for easy preparation and are non-GMO.

COVID-19 Impact: Negative impact on the global non-genetically modified organism’s food market

The COVID-19 pandemic hurt the production of many products, harming the world economy. Covid-19 has impacted the global market cap in 2020 and early 2021. The recent coronavirus outbreak has severely impacted the market for non-GMO foods. The pandemic has severely hurt almost every industry and has had an impact on routine work activities. As a result, the food and beverage industry suffered financial losses, harming the non-GMO foods market. On the plus side, manufacturers are concentrating on creating better products while considering contemporary market trends to satisfy consumer needs during the post-pandemic period. Following the pandemic, new technological developments will further improve non-GMO food availability in emerging and developing markets.

The global non-genetically modified organism’s food market report would provide an access to approximately 56 market data tables, 61 figures and 117 pages