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Global Genetically Modified GMO Food Market

Global Genetically Modified GMO Food Market was valued US 1125 Mn and is projected to reach US 14123 Mn by 2026 at a CAGR of 288 during the forecast periodGrowing number of population augmenting the demand for nutritional and healthy food and depletion in arable land is driving the genetically modified market Genetically modified foods production reduces the need for pesticides and increasing investment in the field of biotechnology research and development are fuelling pace to growth of genetically modified food market Toxic residues from genetically modified crops negatively impacts soil fertility and stringent government regulations constraints the growth of genetically modified food marketGrowing interest in genetically modified food from emerging nations increased production of bioengineered or genetically modified food new advancements in genetic engineering of foods crops are several challenges for genetically modified food market However market is facing challenges like low consumer awareness and toxicity issues Consumer attitudes about GM food are complex and interwoven with the consumers knowledge of the science lifestyle and public perceptionCorn segment dominated with almost 85 share in genetically modified food market Many producers modify corn and soy so they are resistant to the herbicide glyphosate which is used to kill weeds Soy and cotton segment followed corn in the genetically modified food market Soy is the most heavily genetically modified food in the globe Soy is modified to have a high level of oleic acid which is naturally found in olive oil Oleic acid is a monounsaturated omega9 fatty acid that may lower LDL cholesterolStacked trait segment estimated to be the fastestgrowing in the genetically modified food market Stacked traits are a combination of more than one transgenic in a single crop Biofortified crops are modified for the production of high nutritional content HT with IR and diseaseresistant traits are popular examples of stacked traits The increased investments and growth in the RD activities are responsible for the growth of this marketCrops segment leaded the global genetically modified foods market by grabbing the largest market share in 2017 Furthermore Crops market is predicted to grow at a CAGR of 15 during the forecast period The growing use of biotechnology in crop production is boosting the market for genetically modified crops A significant rise in the global production of genetically modified crops such as soya cotton maize etc is driving the growth in the global genetically modified crops market for the forecast periodNorth America leads the global genetically modified foods market attributed to the fact that the United States Canada are the leading producers of Genetically Modified crops across the globeThe United States is at the front position in terms of commercialization and development of genetically modified food Major biotech crops such as soybean cotton and maize have achieved an adoption Asia Pacific genetically engineered food market is expected to rise with the highest CAGR over the forecast period Asia Pacific bioengineered food market is primarily driven by the rising population in the region Also the adoption of new technologies in the agriculture sector to meet the requirements of the growing population coupled with increasing adoption of GM crops are driving the growth in this region Europe is expected to become one of the major importers of the genetically modified foods in coming years Europe imports approximately 60 genetically modified products from other countries especially maize soy bean cotton and sugar beet In addition to that 17 new genetically modified food items have been given a approval for import in EuropeThe objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights facts historical data industryvalidated market data and projections with a suitable set of assumptions and methodology The report also helps in understanding genetically modified foods market dynamics structure by identifying and analyzing the market segments and project the global market size Further report also focuses on competitive analysis of key players by product price financial position product portfolio growth strategies and regional presence The report also provides PEST analysis PORTERs analysis SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in genetically modified foods marketfor more information visithttpswwwmaximizemarketresearchcommarketreportglobalgeneticallymodifiedgmofoodmarket29007Scope of Global Genetically Modified GMO Food MarketGlobal Genetically Modified GMO Food Market By Type Vegetables Crops Animal products FruitsGlobal Genetically Modified GMO Food Market By Crop Corn Soya Bean Canola Sugar Beet Cotton Other CropsGlobal Genetically Modified GMO Food Market By Trait Herbicide Tolerance HR Insect Resistance IR Stacked Traits STGlobal Genetically Modified GMO Food Market By Region North America South America Europe Asia Pacific Middle East AfricaKey Players Analyzed in the Report BASF SE Bayer AG Syngenta AG Monsanto KWS SAAT SE Sakata Japan DuPont US Groupe Limagrain France Dow Chemical Company KWS SAAT SEThis Report Is Submitted By Maximize Market Research CompanyCustomization of the reportMaximize Market Research provides free personalized of reports as per your demand This report can be personalized to meet your requirements Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessitiesAbout Maximize Market ResearchMaximize Market Research provides B2B and B2C research on 20000 high growth emerging opportunities technologies as well as threats to the companies across the Healthcare Pharmaceuticals Electronics Communications Internet of Things Food and Beverages Aerospace and Defense and other manufacturing sectorsContact infoNameLumawant GodageOrganization AddressMAXIMIZE MARKET RESEARCH PVT LTDEmailsalesmaximizemarketresearchcomAddress Pune Maharashtra 411051 IndiaContact919607195908.

Shubhangi Anuse

@ Maximize market research | Posted 25 Feb, 2020 | Others