Non-GMO Foods Market - What Factors will drive the Market in Upcoming Years and How it is Going to Impact on Global Industry
The Non-GMO food industry is growing significantly over the forecast period and is expected to grow continuously in the coming years. The growth is attributed to factors such as increasing number of health conscious people; increasing demand of Non-GMO foods by the middle class sector; and growing demand for organic food products among the consumers.
Increasing adoption of Non-GMO food seeds by farmers is most likely to fuel the growth of the market. Moreover, growing number of companies in the Non-GMO food Market sector will contribute significantly to the market demand. Additionally, the increasing number of new product launches is projected to boost the growth of the market.
The Growing Linkage Between Organic And Non-GMO Foods Sector To Reflect The Non-GMO Foods Industry Growth
The increasing popularity of the organic foods, in addition to natural foods, is fueling the growth of the market in the U.S. Additionally, the growing understanding of linkage between organic and Non-GMO food products is most likely to drive the growth of the market in the coming years. The ban on GMO products and mandatory regulations will drive the growth of the Non-GMO foods market.
Cereals And Grains Segment To Dominate The Global Non-GMO Foods Market
The cereals and grains segment accounted for the maximum market share and is estimated to grow significantly over the forecast period. The segment will dominate the market in the near future owing to the high demand of the food products.
The key players in the Non-GMO Foods market are focusing on product diversification and expansion of the market with mergers and acquisitions. The key strength driving the Non-GMO Foods market is the launch of new products. Some of the prominent players in the market include Amy's Kitchen, Hain Celestial, Nature's Path Foods, Organic Valley, Albert's Organics Beijing Green Yard Development, Chiquita Brands, Shanghai Food, Shanghai Green Life Agri-Tech Company, and United Natural Foods among others.
U.S. To Be The Most Promising Market For The Non-Gmo Foods Industry Over The Globe
North America is dominating the global market and is anticipated to grow considerably in the near future. The U.S. is the most promising market in the region. The growth in the region is contributed to factors such as increasing demand for GMO foods. On the other hand, rising price of GMO foods is directly influencing the growth of Non-GMO food products markets. Rising awareness about the harmful effects of GMO products and the growing concerns for environmental safety are the major reasons driving the growth of the market.
The future of the Non-GMO Market looks promising with the potential opportunities such as growing consumer preferences to have healthier foods with fewer added ingredients, especially in the U.S. Moreover, packaged foods industry is growing rapidly with the most attractive CAGR which will likely attribute to the growth of the Non-GMO foods market.