Genetically Modified Feed Market Size By Type (Crop {Corn, Soybean, Canola, Cottonseed, Alfalfa}, Fruits & Vegetables {Papaya, Potatoes, Eggplant}), By Form (Pellets, Crumble, Mash, Meal/cake), By Feed Type(Roughages and Concentrates), By End use (Poultry

Genetically Modified Feed Market Size By Type (Crop {Corn, Soybean, Canola, Cottonseed, Alfalfa}, Fruits & Vegetables {Papaya, Potatoes, Eggplant}), By Form (Pellets, Crumble, Mash, Meal/cake), By Feed Type(Roughages and Concentrates), By End use (Poultry {Layer, Broiler, Turkey}, Swine {Grower, Starter, Sow}, Cattle {Calf, Dairy}, Aquaculture {Carp, Trout, Salmon, Shrimp}, Pet Foods {Dogs, Cats, Birds, Fish}, Equine), Industry Analysis Report, Regional Outlook, Traits Potential, Covid-19 Impact Analysis, Price Trend, Competitive Market 2022- 2030

The genetically modified feed market is slated to grow massively through 2030 due to robust growth of the animal feed industry. In addition, dynamic food trends, along with rising penetration in varied end-user sectors, are likely to further propel market progression over the forecast period.

During the COVID-19 pandemic, the industry witnessed disruptions in the supply chain due to the prevalent need for vaccines, which delayed the approval of these feeds, resulting in a halt in business growth. However, a decline in cases and food scarcity across poor countries have aided the recovery of the GMO feed market. Moreover, key participants have been engaging in strategic acquisitions and product innovation to strengthen their market standing.

For instance, in February 2022, Bayer AG, a German pharmaceutical and biotechnology company, announced its plans to launch its new genetically modified cotton seeds in India. It aimed to bring the high-yielding and herbicide-tolerant solution to the nation. With the approval of this innovation, the company focused on fortifying its position in the Asian market.

The genetically modified feed market has been categorized on the basis of source, form, feed type, application, and region.

In terms of source, the industry has been divided into crops and fruits & vegetables. The fruits & vegetables segment is expected to amass substantial gains over 2022-2030 as a result of recent growth in awareness and clarification of certain widespread misconceptions linked to the consumption of these vegetables. Surging acceptance among consumers and wide applicability for equine and cattle feeding is foreseen to boost the demand for GMO vegetables, bolstering segmental development.

With regards to form, the genetically modified feed market has been classified into pellets, crumbles, mash, and meal or cake. In 2021, the GMO feed industry from the mash segment was valued at more than $9 billion and is estimated to surpass $15 billion in revenue by 2030. Apart from being economical, the consumption of mash provides significant unification of growth and decreases the chances of death, which is set to drive the adoption of GMO feed in mash form globally.

From the feed type perspective, the industry has been segregated into roughages and concentrates. The roughages segment is anticipated to garner a prominent industry share by 2030. Numerous benefits of roughages, such as improved animal digestion, weight, and gut health, and reduced health risks related to the heart, are propelling segmental growth.

Based on application, the genetically modified feed market has been bifurcated into poultry, swine, cattle, aquaculture, pet foods, and equine. The pet foods application segment size is speculated to reach 14 million tons by 2030. On account of the increase in pet adoption in recent years, newly introduced concepts like emotional support pets to help patients suffering from solitude and suicidal symptoms are impelling the pet food industry growth, which is projected to fuel GMO feed market progress.

In the regional framework, the Latin America genetically modified feed industry is primed to depict over 5.0% CAGR through the analysis timeline. Favorable foreign direct investments, beneficial trade policies in the domestic feed manufacturing industries, and advancements in the agriculture sector are poised to accelerate LATAM genetically modified feed market expansion.