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 USD 144,322 Million 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 USD 3.4 Billion by the end of 2031.
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
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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