The Genetically Modified Fruits Global Market Report 2023, provides comprehensive information on the genetically modified fruits market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Genetically Modified Fruits Global Market Report 2023, the global genetically modified fruits market size is expected to grow from $0.06 billion in 2022 to $0.07 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global genetically modified fruits market is expected to grow to $0.10 billion in 2027 at a CAGR of 10.8%.
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Growing consumers’ demand for healthy food products is expected to propel the growth of the genetically modified fruits market going forward. Health food products refer to foods that provide all the nutrients needed to maintain good health, feel good, and lots of energy. Genetically modified fruits are themselves a source of nutrients and also are used to enhance nutrient content and food quality, increase agricultural yields, and enhance the health of people. For instance, in October 2020, according to Forbes, a US-based media company focusing on business, investing, technology, entrepreneurship, leadership, and lifestyle, 54% of consumers overall and 63% of those aged 50 and over were more concerned about the healthfulness of the food and drink they chose in 2020 than they were in 2010. As more people work from home, eat more frequently, and exercise to feel more emotionally stable, the number of Americans who engage in active dieting has increased to 43% this year, up from 38% in 2019 and 36% in 2018. Therefore, growing consumers’ demand for healthy food products will drive the growth of genetically modified fruits market.
The genetically modified fruits market is segmented:
1) By Type: Vegetables, Crops, Fruits, Animal Products
2) By Trait: Herbicide Tolerance (HR), Insect Resistance (IR), Stacked Traits (ST)
3) By Application: Poultry, Swine, Cattle, Dairy, Aquaculture, Pet food, Equine, Other Applications
North Americawas the largest region in the genetically modified fruits market in 2022.
Top Major Players
BASF SE,
Bayer AG,
Syngenta Crop Protection AG,
Sakata Seed America,
DuPont de Nemours Inc.,
The table of contents in TBRC’s genetically modified fruits market report includes:
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List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Genetically Modified Fruits Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Genetically Modified Fruits Market, Segmentation By Trait, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Genetically Modified Fruits Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 46: BASF SE Financial Performance
Table 47: Bayer AG Financial Performance
Table 48: Syngenta Crop Protection AG Financial Performance
Table 49: Sakata Seed America Financial Performance
Table 50: DuPont de Nemours Inc. Financial Performance
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