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The genetically modified (GM) food market is projected to grow at a CAGR of 5.01% to reach US$25.749 billion by 2024, from US$19.201 billion in 2018. Growing population and increasing urbanization are some of the major drivers of the global genetically modified food market. <br><br>For more information visit here:https://www.knowledge-sourcing.com/report/global-gm-food-market
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Genetically Modified Food Market Forecast From 2019 to 2024
DESCRIPTION As per the latest reports by Knowledge Sourcing Intelligence, The genetically modified (GM) food market is projected to grow at a CAGR of 5.01% to reach US$25.749 billion by 2024, from US$19.201 billion in 2018. GM food or genetically modified food is food produced from plants, animals or microorganisms and their DNA has been altered via genetic engineering. It differs from the conventional breeding technique as the food obtained through genetic engineering has desired traits. The United States in North America is expected to show the largest market share due to the availability of GM foods in US markets since 1994. This is due to the fact that the consumption of GM food is considered safe in the United States. Growing population and increasing urbanization are some of the major drivers of the global GM food market. The lack of regulations in developing countries like India may, however, restrain the market growth.
Key Questions Answered By The Report • What will be Genetically Modified Food Marketfrom 2019 to 2024? • How are the major drivers and restraints affecting the Genetically Modified Food Market? • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Segments Covered Under Genetically Modified Food Market are : • By Ingredients • Corn • Soy • High Fructose Corn Syrup (HFCS) • Corn Starch
Geography • North America • United States • Canada • Mexico • South America • Brazil • Argentina • Others • Europe • Germany • France • United Kingdom • Spain • Others
Geography • Middle East and Africa • Israel • Saudi Arabia • UAE • Others • Asia Pacific • China • Japan • South Korea • India • Others
COMPANY PROFILES • Kellogg NA Co. • PepsiCo Inc. • General Mills Inc. • Nestlé • THE HERSHEY COMPANY • The Coca-Cola Company • Kraft-Heinz, Inc. • The J.M. Smucker Company
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