Newly released data from the non-GMO food products market analyzed by FMI estimates that the non-GMO food products market enjoys a growth rate of 10.4% at present. The market is expected to witness a prominent growth rate of a CAGR of 13.2% to reach the value of US$ 144,322 Mn in 2031.
Another factor driving the growth of transparent non-GMO food makers internationally is the emergence of smart labels, which enable rapid access to product-specific information. By the end of 2031, the market is projected to reach a value of US$ 3.4 billion.
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The demand from customers for non-GMO food items will increase as a result of dietary trends including healthy eating and choosing natural food products, among other changes. Health-related problems are becoming more prevalent, and people are becoming more aware of the risks associated with eating foods that have been genetically modified.
Key Takeaways of non-GMO Food Product Market Study
Grains and Cereals will dominate market demand with a multiplying growth rate of 22% through the end of 2029.
Bakery & Confectionary products present gainful opportunities with a stupendous growth rate of 19% during the forecast period.
Dairy products is another segment that will register a CAGR of 16% from 2019 to 2029.
Indirect distribution channels will maintain share-wide and growth-wise dominance throughout the forecast period.
North America and Latin America collectively account for more than half of total market value. This can be attributed to the early adopting nature of North American countries and rising millennial population in Latin America.
Consumer Preferences Shape Growth Trajectory
Rewarding synergy is being produced in the market by an increase in buying potential and a drop in production costs. This is made possible by improvements in packaging and labelling as well as active consumer involvement. The creation of consumer communities that promote long-term income generation is being heavily funded by major players.
The popularity of plant-based and vegan diets, which call for daily consumption of food products made from non-genetically modified organisms, as well as consumer knowledge of non-GMO food products, are key factors influencing the market for these products.
Competitive landscape in non-GMO food products market is fragmented with the presence of multinationals, niche-manufacturers, and SMEs. Major players that shape the global non-GMO food products market are Cargill, Inc., Associated British Foods Plc, General Mills Inc., Kraft Heinz, Archer Daniels Midland Company, Danone, Nestle S.A., The Hain Celestial Group Inc. Key players in the market are forging strategic partnerships that ensure sustained revenue prospects.
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Market Segments Covered in Non-GMO food products Industry Analysis
By Nature :
By Product :
Grain and Cereals
Bakery and Confectionery
Condiment, Dressing, & Oil
Others (Spices, soups, etc.)
By Distribution Channel :
Other Retail Format
Middle East & Africa