Non-GMO Food Market
Growth Factors of Non-GMO Food Market
The non-GMO food market size was valued at USD 740.65 billion in 2023, and the market is now projected to grow from USD 895.36 billion in 2024 to USD 2003.68 billion by 2032, exhibiting a CAGR of 11.94% during the forecast period of 2024-2032.
The covid19 pandemic has had a widespread impact at the non-GMO food business. Natural meals components have become increasingly more famous amongst customers that prioritize vitamins, well-being, and personal fitness. The pandemic is anticipated to impact the global non-GMO meals sector, influencing the growth of non-GMO agriculture in numerous approaches. The epidemic has heightened producers' consciousness of the hyperlink among food plan and health among clients. This has caused a significant boom in client numbers. The patron base is anticipated to develop at an inexpensive tempo within the future years.
The non-GMO meals area is expanding from a forte to a mainstream section inside the food and beverage enterprise. As client demand for sustainable meals grows, leading meals businesses are in search of certification for sustainability and non-GMO elements to draw new customers. In December 2023, African Dream Foods, a sauces and condiments manufacturer, achieved non-GMO project verification for their whole collection of eight sauces, three spicy salts, and one smokey seasoning. The Non-GMO Project, NSF International, and USDA encourage food manufacturers to get Non-GMO certification, which is expected to boost non-GMO food market growth.
Creating a name and brand recognition through digitization is the industry's current trend. enterprises without a substantial marketing budget may struggle to conduct extensive advertising campaigns, unlike larger enterprises. To gain recognition, they might use unpaid publicity techniques or cooperate with a well-known firm. Consider promoting the organisation's eco-friendliness through encouraging customers to recycle their bottles and distributing a press launch to nearby and national media. A collaborative advertising agreement can assist the firm sell its products, increase its purchaser base, and share prices.
Comprehensive Analysis of Non-GMO Food Market
The market for non-GMO products is divided into cereals & nuts, fruits & vegetables, meat & poultry products, beverages, dairy products, and processed food. The fruits & vegetable segment is expected to hold a significant share due to rising per capita consumption and demand for premium quality. The growing aging population and life expectancy are driving demand for non-GMO fresh products. Meat and poultry products, especially eggs, are expected to grow due to health consciousness and protein-rich demand. Other segments, which includes child or infant meals and fit for human consumption oil, also are experiencing steady growth. Distribution channels encompass hypermarkets/supermarkets, specialty stores, and online retail stores. The retail sector keeps to evolve and alternate, with e-trade turning into a new norm, specifically in rural regions. Initiatives like Amazon's Amazonfresh service are expected to support the segment's growth.
The North America region lead the non-GMO food market share by benefitting a market size of USD 300.77 billion in 2023 due to. North America's strong economic development and urbanization are boosting the middle class and spending power of around 500 million people. Grocery shops within the U.S. That prioritize environmental and human health are much more likely to provide those gadgets, contributing to the expansion of the local market. The marketplace is likely to be pushed via developing customer attention of fitness and environmental issues, in addition to resistance to genetically engineered ingredients and agricultural practices.
Cargill Inc., Amy's Kitchen, Danone S.A., United Natural Foods, and Hormel Food Corporation are making an investment in certification and increasing their product portfolio. They are also obtaining, participating, and partnering with stakeholders to expand their geographic presence. United Natural Foods has revealed its ""Fuel the Future"" plan, specializing in community optimization, innovation, and progressed consumer revel in. Key groups inside the listing consist of Cargill Inc., Amy's Kitchen, Danone S.A., United Natural Foods, Hormel Food Corporation, Hain Celestial, Organic Valley, Kellogg Company, PepsiCo Inc., and Clif Bar & Company.
In November 2023, Myna Snacks, a food production firm, unveiled new cookies and snack goods. The company's freshly introduced Midnight Mini Cookie and other snack products include non-GMO and gluten-free ingredients.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Growth Rate CAGR of 11.94% from 2024 to 2032
Segmentation By Type
- Cereals & Nuts
- Fruits & Vegetables
- Meat & Poultry Products
- Beverages
- Dairy Products
- Processed Food
- Others
By Distribution Channel
- Hypermarkets/Supermarkets
- Specialty Stores
- Online Retail Stores
- Others
By Region
- North America (By Type, Distribution Channel, and By Country)
- U.S. (By Distribution Channel)
- Canada (By Distribution Channel)
- Mexico (By Distribution Channel)
- Europe (By Type, Distribution Channel, and By Country)
- U.K. (By Distribution Channel)
- France (By Distribution Channel)
- Germany (By Distribution Channel)
- Italy (By Distribution Channel)
- Spain (By Distribution Channel)
- Rest of Europe (By Distribution Channel)
- Asia Pacific (By Type, Distribution Channel, and By Country)
- China (By Distribution Channel)
- India (By Distribution Channel)
- Japan (By Distribution Channel)
- Australia (By Distribution Channel)
- Rest of Asia Pacific (By Distribution Channel)
- South America (By Type, Distribution Channel, and By Country)
- Brazil (By Distribution Channel)
- Argentina (By Distribution Channel)
- Rest of South America (By Distribution Channel)
- The Middle East and Africa (By Type, Distribution Channel, and By Country)
- South Africa (By Distribution Channel)
- UAE (By Distribution Channel)
- Rest of ME&A (By Distribution Channel)
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