The global non-GMO (genetically modified organism) foods market is expected to grow promptly and post a CAGR of more than 17% during the projection period. The cumulative number of new product introductions by the companies will drive the progress forecasts for the global non-GMO foods market until the end of 2021. One of the foremost factors liable for the rising number of new product launches in the market is the growing demand for non-GMO food products among clients. For example, it is projected that there are nearly about 2,000 new non-GMO products being hosted in the US every year, which is likely to increase in the near-term years. Furthermore, a large number of merchant are progressively focusing on providing a new method to healthy breakfast eating habit to their consumers with intermingled whole grains, sprouts, and nuts and seeds. The study provides a detailed view of the non-GMO food market, by segmenting it based on product type, distribution channel and regional demand. The rising number in launch of new products by various companies will propel the growth of non-GMO foods during the forecast period of 2017-2025.
In terms of geography, the Americas accounted for the supreme market share during 2016 and will last to rule the market for the next four years. Some of the main factors stimulating the farmers to switch to non-GMO food crops are the rising price of GMO grain products, decreasing demand for GMO food products among consumers, and increasing price of GMO seeds. Also, the increasing trend of banning the GMO food products across various countries will surge the sales of non-GMO food products. For example, in year 2013, Peru banned genetically modified foods in the country.
The non-GMO foods market in report is segmented by product which includes cereals and grains, liquor, meat and poultry, edible oil, and bakery. Moreover, on the basis of distribution channel, the market has been segmented as hypermarkets and supermarkets, food specialist retailers, convenience stores, and online. The global non-GMO foods market has been moreover segmented geographically into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.
The global non-GMO foods market is growing at a steady pace. The increase in the number of health-conscious people and increasing demand for non-GMO food products by middle class families are the primary reasons for the growth of the market. The rising demand for organic food products has also increased the demand for non-GMO food products from consumers.However, top pricing of non-GMO food products is anticipated to act as one of the key barriers for the development of the global non-GMO foods market. The augmented acceptance of non-GMO seeds by agriculturalists and the growing number of food companies in the non-GMO food sector are expected to fuel the global non-GMO foods market during the forecast period.
The rise in demand of non-GMO foods will also increase the demand for food packaging material, agriculture & horticulture products, industry which in turn causes the expansion ofthese industries.
Some of the major players in the non-GMO foods market areAmy's Kitchen, Hain Celestial Group, Hain Celestial Group, and Hain Celestial Group among others.
Global Non-GMO FoodMarket: By Geography
Global Non-GMO Food Market: By Distribution Channel
Global Non-GMO Food Market: By Product