Newly released data from the non-GMO food products market analyzed by FMI estimates that the non-GMO food products market enjoys a growth rate of 10.4% at present. The market is expected to witness a prominent growth rate of a CAGR of 13.2% to reach the value of US$ 144,322 Mn in 2031.
The worldwide non-GMO food products market will gain traction as consumer demand grows due to changes in dietary trends like healthy eating, opting for natural food products, etc. This change is driven by an increase in the number of health-related issues and raising awareness of the harmful consequences of eating genetically modified foods.
Rise of smart labels that facilitate instant access to product specific information is another factor that is propelling the growth for transparent non-GMO food manufacturers globally. The market is anticipated to cross a market value of US$ 3.4 Bn by the end of 2031.
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Key Takeaways of non-GMO Food Product Market Study
- Grains and Cereals will dominate market demand with a multiplying growth rate of 22% through the end of 2029.
- Bakery & Confectionary products present gainful opportunities with a stupendous growth rate of 19% during the forecast period.
- Dairy products is another segment that will register a CAGR of 16% from 2019 to 2029.
- Indirect distribution channels will maintain share-wide and growth-wise dominance throughout the forecast period.
- North America and Latin America collectively account for more than half of total market value. This can be attributed to the early adopting nature of North American countries and rising millennial population in Latin America.
Consumer Preferences Shape Growth Trajectory
Increase in purchase potential and decrease in production costs is creating remunerative synergy in the market. This is fueled by advancements in packaging and labelling along with proactive consumer participation. Major players are investing in developing consumer communities that support long-term revenue generation.
The non-GMO food products market is dependent on consumer awareness and prevalence of plant-based and vegan diets that require daily consumption of food products manufactured from non-genetically modified organisms.
Who’s Wining?
Competitive landscape in non-GMO food products market is fragmented with the presence of multinationals, niche-manufacturers, and SMEs. Major players that shape the global non-GMO food products market are Cargill, Inc., Associated British Foods Plc, General Mills Inc., Kraft Heinz, Archer Daniels Midland Company, Danone, Nestle S.A., The Hain Celestial Group Inc. Key players in the market are forging strategic partnerships that ensure sustained revenue prospects.
Market Segments Covered in Non-GMO food products Industry Analysis
By Nature :
- Organic
- Conventional
By Product :
- Grain and Cereals
- Wheat
- Soya
- Corn
- Others
- Bakery and Confectionery
- Bread
- Pastry
- Candy
- Others
- Beverages
- Alcoholic Beverages
- Non-Alcoholic Beverages
- Dairy Products
- Yogurt
- Cheese
- Ice cream
- Others
- Infant Food
- Condiment, Dressing, & Oil
- Vegetable Oils
- Jam, Jellies
- Syrups
- Others (Spices, soups, etc.)
By Distribution Channel :
- Direct Sales/B2B
- Indirect Sales/B2C
- Supermarket/Hypermarket
- Wholesaler
- Online Retail
- Specialty Stores
- Other Retail Format
Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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Key Questions Answered in the Report
How much is the Non-GMO food products market current worth?
Non-GMO food products market size is worth more than US$ 41,510 Mn.
At what CAGR is the market expected to grow?
Non-GMO food products consumption is expected to grow at a CAGR of around 13.2% during the period 2021-2031.
How was the performance in the last five years?
In terms of revenue non-GMO food products grew at a CAGR of around 10.4% during 2016-2020
What are the key trends boosting Non-GMO food products sales?
Non-GMO food products are gaining traction due to concerns over the effect of genetically modified foods on health, advanced technologies, shifting consumers’ preference towards healthy food products are the latest trends of non-GMO food products being observed in the market.
How are market players reacting to the new developments in the market?
Market companies are choosing to aim at research and development, consolidation of distribution channel in emerging countries, new product introductions to stay a noticeable player in the global market.
Which are the major countries driving demand for the Non-GMO food products Market?
The US, Russia, UK, China, Brazil, Germany, India are the major countries driving demand for non-GMO food products.
At what level does the report reflect pricing analysis?
The report presents a detailed cost analysis of non-GMO food products based on products i.e. grain and cereals, bakery & confectionery, beverages, dairy products, infant food, condiment, dressing, & oil, and others.
How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant based market blog
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