Newly released data from the non-GMO food products market analyzed by FMI estimates that the non-GMO food products industry 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 introduction of smart labels, which provide quick access to product-specific information, is another element fueling the expansion of transparent, non-GMO food producers across international borders. The market is expected to reach US$ 3.4 billion in value by the end of 2031.
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The demand from consumers for non-GMO food items will increase as a result of dietary trends including healthy eating and choosing natural food products, among other developments. An increase in health-related problems and growing knowledge of the negative effects of consuming genetically modified foods are the driving forces behind this transformation.
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 industry 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 industry is fragmented with the presence of multinationals, niche-manufacturers, and SMEs. Major players that shape the global non-GMO food products industry 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.
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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 currently worth?
Non-GMO food products industry 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 product 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.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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