Global Biofortification Market to Reach US$212.2 Million by 2030
The global market for Biofortification estimated at US$128.9 Million in the year 2023, is expected to reach US$212.2 Million by 2030, growing at a CAGR of 7.4% over the analysis period 2023-2030. Iron Target Nutrient, one of the segments analyzed in the report, is expected to record a 7.4% CAGR and reach US$81.9 Million by the end of the analysis period. Growth in the Zinc Target Nutrient segment is estimated at 7.4% CAGR over the analysis period.
The U.S. Market is Estimated at US$33.9 Million While China is Forecast to Grow at 11.1% CAGR
The Biofortification market in the U.S. is estimated at US$33.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$52.2 Million by the year 2030 trailing a CAGR of 11.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.4% and 6.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
How Are Technological Advancements Shaping the Biofortification Market?
Biofortification is revolutionizing the agricultural sector by utilizing advanced breeding techniques and biotechnology to enhance the nutritional profile of crops. Technological advancements, such as genome editing tools like CRISPR, are enabling scientists to improve the vitamin and mineral content of staple crops like rice, maize, and wheat, addressing widespread malnutrition, particularly in developing countries. These innovations allow for precise modifications to increase levels of essential nutrients such as iron, zinc, and vitamin A, which are critical for preventing deficiencies in populations with limited access to diverse diets. Additionally, biofortification techniques like selective breeding and agronomic practices are being refined to ensure crops can be fortified without compromising yield or resilience to climate change. These advancements are making biofortified crops more accessible to farmers, enabling them to produce nutritionally superior crops with minimal impact on traditional farming practices. As biofortification techniques evolve, they are increasingly being integrated into broader efforts to combat global malnutrition and improve public health outcomes.
Why Is Biofortification Critical in Combating Global Malnutrition?
Biofortification is becoming a crucial strategy in the global fight against malnutrition, especially in regions where food insecurity limits access to a variety of nutrient-dense foods. By enhancing the nutritional content of widely consumed staple crops, biofortification provides a sustainable, long-term solution to nutrient deficiencies. Unlike traditional food fortification, which requires the addition of nutrients during food processing, biofortification enhances crops directly, ensuring that nutrient levels are maintained from the farm to the plate. This approach is particularly important in rural areas where fortified processed foods are often unavailable. For instance, biofortified rice enriched with vitamin A has been developed to prevent vitamin A deficiency, a major cause of blindness and mortality in children. Similarly, iron-biofortified beans and zinc-enriched wheat are helping to reduce anemia and stunted growth in vulnerable populations. As governments and international organizations recognize the potential of biofortification to improve public health, efforts to scale up biofortified crop production are gaining momentum.
How Are Industry and Regulatory Trends Shaping the Biofortification Market?
The biofortification market is being shaped by industry trends and regulatory frameworks that emphasize food security, nutrition, and sustainability. The growing demand for nutrient-rich foods, driven by an increasingly health-conscious global population, is encouraging governments, NGOs, and the private sector to invest in biofortification initiatives. International organizations such as the World Health Organization (WHO) and the Food and Agriculture Organization (FAO) are endorsing biofortified crops as part of broader efforts to achieve food security and meet global nutrition targets, including the United Nations Sustainable Development Goals (SDGs). Regulatory support, including the approval of biofortified crops for cultivation and consumption, is further driving market growth. Additionally, partnerships between biotech companies, research institutions, and agricultural organizations are accelerating the development and distribution of biofortified seeds, particularly in regions with high rates of malnutrition. As biofortification becomes an integral part of global food systems, the market is expected to expand, with growing interest from both public and private stakeholders.
What Factors Are Driving Growth in the Biofortification Market?
The growth in the biofortification market is driven by several factors, including technological advancements, rising global food security concerns, and increasing awareness of nutrient deficiencies. One of the primary drivers is the growing prevalence of malnutrition, particularly in developing regions where access to a balanced diet is limited. Biofortified crops offer a sustainable solution to address micronutrient deficiencies by providing essential vitamins and minerals in staple foods. Technological advancements in genetic engineering and selective breeding are enabling the development of biofortified crops that are both nutritionally superior and resilient to environmental challenges. Additionally, government initiatives and international funding programs aimed at improving public health through better nutrition are supporting the adoption of biofortified crops. The increasing focus on sustainability in agriculture is also contributing to the growth of the biofortification market, as biofortified crops can be produced without the need for external nutrient additives. As global efforts to combat malnutrition and promote food security intensify, the biofortification market is expected to experience continued growth.
Select Competitors (Total 38 Featured) -Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook