The global non-GMO foods market size is poised to reach USD 1.10 billion by 2023, according to a new report by Technavio, progressing at a CAGR of over 17% during the forecast period.
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Technavio has announced its latest market research report titled global non-GMO foods market 2019-2023. (Graphic: Business Wire)
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Read the 147-page research report with TOC on "Non-GMO Foods Market Analysis Report by product (non-GMO cereals and grains, non-GMO liquor, non-GMO meat and poultry, non-GMO bakery products, non-GMO edible oils, and other non-GMO foods), by geography (APAC, Europe, North America, South America, and MEA), and Segment Forecasts, 2019 2023" at:
The market is driven by the increasing emphasis on the expansion of production facilities to cater to the demand for non-GMO food products. In addition, the rising demand for organic food products is anticipated to further boost the non-GMO foods market during the forecast period.
The rising popularity of organic and GMO-free food products among consumers is encouraging vendors to focus on the procurement of non-GMO crops and ingredients for the formulation of these food products. Companies are increasingly investing in the expansion of their production facilities to cater to the growing demand for non-GMO food products from consumers. Thus, the rising investment in production facilities by vendors is expected to boost the growth of the non-GMO foods market during the forecast period.
The increasing health awareness among consumers and the rising adoption of vegetarian and vegan lifestyles are stimulating the demand for foods that are formulated using organic and non-GMO ingredients such as grains, seeds, and fruits. The popularity of organic food products is expected to rise during the forecast period and subsequently boost the growth of the non-GMO foods market.
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The report includes detailed profiles of the leading companies prominent vendors of the market:
- Amy's Kitchen Inc.
- Blue Diamond Growers
- Cargill Inc.
- Clif Bar Co.
- Murray's Chicken
Market Segmentation by Product:
The Non-GMO Foods Market can be broadly categorized into the following product segments:
- Non-GMO cereals and grains
- Non-GMO liquor
- Non-GMO meat and poultry
- Non-GMO bakery products
- Non-GMO edible oils
- Other non-GMO foods
Key Regions for the Non-GMO Foods Market:
Featuring a breakdown of region-wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
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