The genetically modified vegetables global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Genetically Modified Vegetables Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The genetically modified vegetables market size has grown rapidly in recent years. It will grow from $0.1 billion in 2023 to $0.12 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to increased crop yield, pest resistance, drought tolerance, improved shelf life, enhanced nutritional content, weed control..
The genetically modified vegetables market size is expected to see rapid growth in the next few years. It will grow to $0.19 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to consumer health awareness, climate change adaptation, regulatory support, food security concerns, global population growth.. Major trends in the forecast period include biotech research and innovation, biotic and abiotic stress tolerance, precision breeding techniques, global collaboration on research, organic and sustainable agriculture..
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Scope Of Genetically Modified Vegetables Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Genetically Modified Vegetables Market Overview
Market Drivers –
The surge in demand for healthy and more yielding crops is driving the genetically modified vegetable market forward. Crops are plants that are grown for economic profit. With the constant population across the world and shrinking farming lands along with increased droughts, the need for high-yielding crop species is increasing. This need can be met using genetically modified vegetables. For instance, In 2021, a survey was conducted by the American Farm Bureau Federation, a US-based insurance company representing the agriculture industry in the US. The survey included 784 respondents from the 11 western states of the US. According to the survey, 70% of the respondents agreed that their yield had decreased while the local feed costs were increased. Additionally, according to the World Food Programme, an international organization of the United Nations working for food-related assistance, approximately 828 million people sleep hungry at night in the world. The number of people suffering from acute food shortages increased from 135 million in 2019 to 345 million in 2022. As a result, the need for high-yielding and healthy crops is driving the genetically modified vegetable market forward.
Market Trends –
Product innovations are a key trend gaining popularity in the genetically modified vegetable market. Major companies in the genetically modified vegetable market are introducing innovative products such as genetically modified tomatoes to sustain their position in the market. For instance, in March 2021, Sanatech Seed, a Japan-based plant technology company launched the world’s first direct consumption of genetically modified tomatoes. The product is developed using CRISPR-CAS9 technology. The new tomato has high levels of gamma-aminobutyric acid (GABA), an amino acid believed to aid relaxation and help lower blood pressure.
The genetically modified vegetables market covered in this report is segmented –
1) By Type Of Modification: Transgenic, Cis-Genic, Sub-Genic, Multiple Trait Integration
2) By Crop: Soybean, Cotton, Maize, Oilseed Rape, Canola, Alfalfa, Other Crops
3) By Technique: Gene Guns, Electroporation, Microinjection, Agrobacterium, Other Techniques
4) By Trait: Herbicide Tolerance (HT), Insect Resistance (IR), Stacked Traits, Other Traits
5) By Application: Scientific Research, Agriculture Crops
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Regional Insights –
North America was the largest region in the genetically modified vegetables market in 2023. The regions covered in the genetically modified vegetables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the genetically modified vegetables market report are BASF SE, Bayer AG, The Dow Chemical Company, Syngenta AG, Dupont de Nemours Inc., Groupe Limagrain Holding SA, JR Simplot Company, JKAgri Genetics Ltd., Mahyco Private Limited, Calyxt Inc., Stine Seed Farm Inc., Nuseed Pty Ltd., KWS SAAT SE & Co. KGaA, Sakata Seed Corporation, Okanagan Specialty Fruits Inc., Pairwise Plants LLC, EuropaBio, Biotechnology Industry Organization, Corteva Inc., Sakata Seed America Inc., Jivo Wellness Pvt Ltd., Ambar Protein Industries Limited, The Monsanto Company, Limagrain Holding SA, Precigen Inc., Arcadia Biosciences Inc., Aerofarms Inc., Benson Hill Biosystems Inc. .
Table of Contents
1. Executive Summary
2. Genetically Modified Vegetables Market Report Structure
3. Genetically Modified Vegetables Market Trends And Strategies
4. Genetically Modified Vegetables Market – Macro Economic Scenario
5. Genetically Modified Vegetables Market Size And Growth
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27. Genetically Modified Vegetables Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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