Product ID: SQSG30H2011
Report ID: SQSG30H2011 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: 72 | Figures: 75
Non-GMO Food Market size was valued at USD 623.96 billion in 2021 and is poised to grow from USD 687.6 billion in 2022 to USD 1648.06 billion by 2030, growing at a CAGR of 10.2% in the forecast period (2023-2030).
Non-GMO refers to unique organisms made in a lab employing gene-editing technology. It stands for non-genetically modified organisms. The target market growth rate is expected to be fueled by rising non-GMO food product usage, changing public tastes, and customer perception of the goods' health advantages. Major corporations are enlarging their production plants in emerging nations to take advantage of advantages like lower labor costs, installation expenses, etc. The market growth rate is expected to be greatly aided by the expansion of e-commerce portals and the expansion of distribution channels.
The rise of the non-GMO food industry can be ascribed to a number of things, including rising spending power and populace, especially in emerging countries. Foods made without genetically modified organisms (GMOs) require minimal preparation time compared to conventional foods, making them an excellent alternative for people who work or lead busy lives. Because of better product exposure and growing e-commerce channel acceptance, the use of online networks is fueling product sales.
US Non-GMO Food Market is poised to grow at a sustainable CAGR for the next forecast year.
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The global non-GMO market segmentation is based on product, distribution channel and region. Based on product the Non-GMO Food Market is segmented into dairy products, bakery products, confectionery products, meat and poultry products, cereals and grains, edible oil, alcoholic beverages, non-alcoholic beverages, and others. Based on distribution channels the Non-GMO Food Market is segmented into supermarkets/hypermarkets, convenience stores, online retail stores and others. Based on region the global non-GMO market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Non-GMO Food Market Analysis by Product
Cereals and grains held the highest share of the non-GMO food industry in 2021 because whole grain products are more popular as a source of fiber and carbohydrates. Cereals without GMOs are thought to become the most successful product overall and the one making the major revenue. Nevertheless, non-GMO dairy products, such as butter, cheese, skim milk, and curds, are expected to expand more quickly over the projected period because they are not genetically modified and offer greater nutrient value than GMO goods.
Non-GMO Food Market Analysis by Distribution Channel
Supermarkets/Hypermarkets held the largest market for non-GMO foods in 2021, and it is expected that they would see the quickest growth over the coming years of 2022–2028. Supermarkets and hypermarkets provide increased brand awareness, a simple shopping process, and a large selection of goods and brands. Additionally, supermarkets and hypermarkets are committed to offering their customers the best-quality non-GMO foodstuffs, which is fueling the growth of the non-GMO food market over the course of the projected period.
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North America currently dominates the market for non-GMO foods due to the distinct advantages of the goods, such as their low chemical inputs during manufacturing and eco-friendliness, as well as increasing customer awareness of non-GMO food items. This is a result of people consuming more foods with high levels of animal protein. The US market is a significant source of income in the area that produces the major portion of grain and cereals,
Over the forecast period, Asia-Pacific is expected to experience the quickest growth. Industries in China and India are important assets for the area. This is driven by the fact that both of these nations have growing populations and rising purchasing power. Market demand is projected to soar due to India's efforts to build its local companies and its sectors' rapid expansion.
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Non-GMO Food Market Driver
Non-GMO Food Market Restraint
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To support time- and cost-efficient logistical operations, major players are working to effectively establish distributing warehouses for non-GMO food goods. Prominent providers of non-GMO food goods are attempting to increase the company's global reach by diversifying their non-GMO food product offerings. For instance, in April 2021, almond flour-based baking mixes and single-serve dessert cups were introduced by Blue Diamond Growers. The goods are kosher-certified, non-GMO Project verified, and dairy- and gluten-free.
Top Players in the Non-GMO Food Market
Non-GMO Food Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, cereals and grains held the highest share of the non-GMO food industry in 2021. Supermarkets/Hypermarkets held the largest market for non-GMO foods in 2021, and it is expected that they would see the quickest growth over the coming years of 2022–2028. North America currently dominates the market for non-GMO foods and Asia-Pacific is expected to experience the quickest growth over the forecast period.
|Market size value in 2021
|USD 623.96 billion
|Market size value in 2030
|USD 1648.06 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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For the Global Non-GMO Food Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Non-GMO Food Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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