The new report by Expert Market Research titled, ‘Global Non-GMO Seeds Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global Non-GMO seeds market, assessing the market based on its segments like nature, form, seed type, packaging type and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 68 Billion
- Forecast CAGR (2021-2026): 7%
- Forecast Market Size (2026): USD 102 Billion
The rising demand for organic products and the increasing popularity of vegan lifestyles among consumers are boosting the demand for organic and non-GMO seeds. The popularity of organic food products is predicted to increase over the projection period, indirectly enhancing the non-GMO seed industry’s growth. Non-GMO seeds enable farmers to save money while increasing their yields, hence growing the market for non-GMO seeds. Because they are less expensive and contain more natural ingredients, consumers prefer safer and better-produced food items with the non-GMO project confirmed certificates over GMO food products.
Industry Definition and Major Segments
Genetically modified organisms (GMOs) are the organisms, most commonly plants or microbes, whose genetic material has been altered artificially in the laboratory by genetic alteration or engineering processes. Non-GMO seeds do not have any alterations in their genes.
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Based on distribution channel, the market can be segmented into:
- Organic
- Conventional
On the basis of form, the Non-GMO Seeds market is bifurcated into:
- Whole
- Grit
- Others
Based on the seed type, the market is divided into:
Basis the packaging type, the market is divided into:
- Tubs/ Jars
- Pouches
- Gunny Bags
- Others
Based on region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
Due to concerns about gene alterations, consumer preferences have shifted toward the consumption of food products with natural ingredients due to an increasing focus on living a healthier lifestyle. Non-GMO seeds are inexpensive, often costing less than half the price of genetically modified seeds. As a result, expanding the use of non-GMO seeds as an ingredient in food items during the manufacturing process helps both producers and consumers. Non-GMO seeds are believed to produce more yield compared to the GMO seeds fuelling the market growth. One of the factors driving the market’s growth is the increasing number of non-GMO food and beverage product launches. Non-GMO foods are environment friendly and natural, which contributes to a good perception of their nutritional profile and environmental effect among customers, particularly vegans and vegetarians. This has increased demand for foods such as cereals, vegetables, and fruits grown using non-GMO seeds. Due to these major advantages over genetically modified seeds, non-GMO seed demand is expected to increase during the forecast period.
Key Market Player
The major players in the market are Cargill Inc., BASF SE, Albert Lea Seed, Prairie Hybrids, Spectrum Premium Non-GMO, Sentinel Seeds, LLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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