“Non Genetically Modified Organisms (GMO) Food Market to grow at a lucrative rate over the forecast period”, says Visiongain

31 October 2019
Food and Drink

Visiongain has launched a new Consumer Goods report  Non Genetically Modified Organisms (GMO) Food Market Report 2019-2029 Forecasts by Application (Beverages, Pet Products, Meat Products, Fruits and Vegetables, Homeopathic Remedies, Cereal & Breakfast Foods, Alternative for Dairy Foods, Plant Seed and Animal Feed, Baby Food and Infant Formula) by Distribution Channel (Food Services, Super Markets, Convenience Stores, others), PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis. 

The global Non Genetically Modified Organisms (GMO) Food market is expected to grow at a lucrative rate during the forecast period. Some of the key factors driving the market include growing demand for healthy and natural products, health and environmental concerns associated with food containing GMO, and growing consumer awareness. However, the concerns associated with increasing usage of herbicides and chemicals in order to acquire high yield products may pose as market restraints. The Non Genetically Modified Organisms (GMO) Food market can be segmented based on application, distribution channel, and region.

Non-GMO policies incorporated by many organizations is also driving the uptake of non-GMO foods. In addition, the growing shift from the use of packaged food to organic and natural food products & technological advancements in the food and beverage industry is also driving the growth. Some of the challenges that companies face include changes in demographic trends, consumer taste, and changing economy. Furthermore, rigid competition from private label brands, high purchase price of non-GMO food products, and stringent regulations regarding the cultivation and marketing of these products may restrict the growth of the non-GMO foods market. By region, North America led the market in 2018 and is expected to continue to dominate during the forecast period. Factors such as health benefits associated with the non-GMO food products, such as its eco-friendly nature and nominal chemical usage during production are expected to fuel the growth in the region. Asia Pacific is expected to be a lucrative region during the forecast period. Rising consumer awareness about the benefits of engineered or non-GMO products intake, large population, rising disposable income, and changed dietary preferences among consumers are contributing to the large share of the region.

The global Non Genetically Modified Organisms (GMO) Food market is highly competitive with many players entering the market in order to cater to the growing consumer demand. Some of the players such as Hain Celestial Group, Amy’s Kitchen Inc., Organic Valley Cropp Cooperative, Nature’s Path Foods, Inc, and United Natural Foods, Inc. are currently dominating the market. These major companies are increasingly focusing on research and development activities so as to gain competitive advantage. Some of the other companies operating in the market include Albert’s Organics Chiquita Brands, Shanghai Standard Foods Co. Ltd., and Earthbound Farms LLC. These companies are taking various strategic initiatives such as mergers, acquisitions, and partnerships so as to increase their presence in the global market.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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