Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Genetically Modified (GMO) Food Market size was valued at USD 116.6 billion in 2024 and is expected to reach USD 267.63 billion by 2037, registering around 6.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of genetically modified food is evaluated at USD 123.14 billion.
The growth of the genetically modified (GMO) food market can be attributed to factors such as the growing demand for nutritional and functional foods, escalating production of genetically engineered crops and the rising investment for conducting research and development activities in the field of biotechnology. It is calculated that the functional food market will generate a revenue of approximately USD 320 million in 2022, up from USD 265 million in 2020. Apart from these, the cultivation of genetically modified foods is possible with minimal consumption of pesticides, which is also anticipated to drive growth to the market in the near future.
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Genetically Modified (GMO) Food Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Demand for Nutritional Foods
- Growing R&D Activities in the Field of Biotechnology
Challenges
- Strict Government Regulations Regarding Approval of GMO Food
- Toxic Residues Eliminated from Genetically Modified Crops
Genetically Modified (GMO) Food Market: Key Insights
| Report Attribute | Details |
|---|---|
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.6% |
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Base Year Market Size (2024) |
USD 116.6 billion |
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Forecast Year Market Size (2037) |
USD 267.63 billion |
|
Regional Scope |
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Genetically Modified (GMO) Food Segmentation
The market is segmented by type into vegetables, crops, fruits, and animal products, out of which, the crops segment is anticipated to hold the largest share in the genetically modified (GMO) food market on account of the rising usage of biotechnology in crop production. Along with this, the crops segment is anticipated to grow at the highest CAGR during the forecast period as well. The growth of this section is led majorly by crops, namely, modified corn and soybean owing to their high consumption globally and the fact that they are resistant to the chemicals used to kill weeds. Additionally, based on trait, the segment for stacked trait (ST) is projected to witness notable growth in the coming years as foods with stacked traits are considered to be rich in nutritional content and disease resistant properties.
Our in-depth analysis of the global genetically modified (GMO) food market includes the following segments
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By Type |
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By Trait |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Genetically Modified (GMO) Food Industry - Regional Synopsis
North America Market Statistics
On the basis of geographical analysis, the genetically modified (GMO) food market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. North America industry is poised to hold largest revenue share by 2036, on the back of increasing cultivation of soybean and corn, rise in adoption of biotech crops, and growing demand for modified food products produced in the region. The United States was the largest producer of maize in 2020, amounting to more than 360 million thousand tons.
Europe Market Analysis
Furthermore, Europe is evaluated to be the second largest shareholder in the genetically modified (GMO) food market during the forecast period accounting to the intensifying number of imports of genetically modified food products in this region, especially cotton, maize and sugar beet.
APAC Market Analysis
However, Asia Pacific’s market is expected to witness the highest growth in the future, which can be credited to the intensifying implementation of new technologies for cultivation and the surge in population growth in the region.
Companies Dominating the Genetically Modified (GMO) Food Landscape
- BASF SE
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Bayer AG
- Syngenta Crop Protection AG
- Sakata Seed America
- DuPont de Nemours, Inc.
- Groupe Limagrain Holding
- KWS SAAT SE & Co. KGaA
- J.R. Simplot Company
- Okanagan Specialty Fruits Inc.
- Stine Seed Company
Author Credits: Parul Atri
- Report ID: 117
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT
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Genetically Modified Food Market Report Scope
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