GMO stands for genetically modified organism, in this the scientist conducts genetic modification of food plants. Scientists remove one or more genes from the DNA of an organism, such as a bacterium, virus, or animal, and recombine them into the DNA of the plant they want to alter or make genetic changes in the DNA of the crops. As a result, crops become intolerant to most of the herbicides and pesticides and even to some of the crop diseases.
However, such modification in the genes of the crops and foods has resulted many health and environmental risks. As a result, more consumers in the US, Japan, Europe, Canada, and other nations are demanding non-GMO foods as it is better for their health and has lower environmental risks.
Analysts forecast the Global Non-GMO Food market will grow at a CAGR of 15.92 percent over the period 2013-2018.
The Global non-GMO Food market is witnessing the launch of various innovative non-GMO food products that are aimed at providing appealing and nourishing foods to consumers. With the introduction of innovative products, in terms of taste, flavor, and variety, manufacturers aim to diversify the market for non-GMO food products. The non-GMO food segment has emerged as an important business segment for manufacturing companies.
Europe accounted for 70 percent of total new product development in the global market. In addition, in Europe, Russia led the non-GMO Food market in product development and accounted for 15 percent of the total new product introductions in the European non-GMO Food market. Russia was followed by the UK which accounted for 10 percent. Furthermore, key new product development was primarily seen in the Dairy segment, which accounted for 19 percent of the total product innovations. It was followed by Condiments and Ingredients with 15 percent, Meals, Entrees, and Side dishes with 12 percent and Salty snacks with 9 percent of global new product introductions.
Covered in this Report
The report covers the present scenario and the growth prospects of the Global Non-GMO Food market for the period 2013-2018. To calculate the market size, the report takes into account revenue generated from retail sales of non-GMO food products.
Global Non-GMO Food Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Europe, North America, the APAC region, and the ROW; it also covers the Global Non-GMO Food market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, the Global non-GMO Food market is driven by several factors, a major one being the increasing demand for non-GMO food products by middle class families. The rising disposable income of middle class families in particular is driving and contributing to market growth.
Further, the report states that one of the main challenges in this market is the premium pricing of non-GMO grocery and food products, which makes them unaffordable for many global consumers.
