Global Non-GMO Food Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Non-GMO Food Market” is a recent report compiled by MarketResearch.biz. Vital factors have been gathered, studied, assessed and analyzed comprehensively through extensive primary and secondary research efforts to understand the various scenarios and developments in the non-GMO food market. Besides revenues for segments, global, regional, and country-wise market revenue presentation enables a clear understanding of our findings. Key trends, revenue growth driving factors, restraints, and opportunities are also included. The company profiles of key players comprise detailed information, recent developments, strategies, and acquisitions & mergers, etc. The global non-GMO food market is segmented on the basis of product type, distribution channel, and regions/countries.
Global Non-GMO Food Market: Overview
Non-GMO food products comprise of products that are derived through organic processes, and that do not contain ingredients that are produced from genetically modified or engineered organisms.
Global Non-GMO Food Market: Dynamic
Growing consumption of non-GMO food products with shifting customer preferences and awareness among consumers about the health benefits of these products is expected to drive target market growth over the forecast period. Major companies are expanding production facilities in developing economies to capitalize on benefits such as lower labor costs, as well as set-up costs, etc. The expansion of distribution channels and the growing popularity of e-commerce platforms is also expected to significantly support market growth.
Among other factors, the growth of the non-GMO food market can be attributed to increasing populations and disposable incomes, especially in developing economies. Non-GMO food products require less preparation time than regular products and can serve as an ideal food choice for working individuals, or consumers with hectic lifestyles.
The use of online distribution channels is driving product sales as a result of increased product visibility and the rising adoption of e-commerce channels.
Global Non-GMO Food Market: Segmentation Analysis
By Product: The cereals & grain segment among product type segregation, is expected to account for the highest revenue share over the forecast period. Increasing consumption of whole grain products for its carbohydrates and fiber content can be attributed as a considerable factor driving growth of the segment.
By Distribution Channel: The hypermarkets and supermarkets segment is expected to account for majority revenue share. The segment will remain dominant over the forecast years due to better brand visibility, and the availability of a wide range of products and brands.
Global Non-GMO Food Market Regional Analysis:
North America is expected to account for the highest revenue share in the forecast period. This can be attributed to the increasing consumption of products that are rich in animal protein. The US market is a major revenue contributor in the region with producing the highest amount of grain and cereals as of 2018 and is projected to dominate the regional market over the next 10 years.
The market in the Asia Pacific region is expected to register the highest Compounded Annual Growth Rate (CAGR) over the forecast period. Markets in China and India are significant revenue sources of the region. This can be attributed to higher disposable incomes and an expanding population in both these countries.. The rapid expansion of the industries and developmental initiatives in India to boost domestic industries is expected to surge market growth.
Global Non-GMO Food Market Segmentation:
By Product Type
- Cereals & Grains
- Edible Oil
- Meat & Poultry
By Distribution Channel
- Hypermarkets & Supermarkets
- Food Specialty Stores
- Convenience Stores
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Amy's Kitchen
- Hain Celestial
- Nature's Path Foods
- Beijing Green Yard Development
- Chiquita Brands
- Albert's Organics
- Shanghai Food
- Vert Living Natural Market YMT Organic Farm
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