Global Genetically Modified Fruits Market Segments 2024, Forecast To 2033
5 Mar, 2024
The genetically modified fruits market size experienced rapid growth, increasing from $0.07 billion in 2023 to $0.08 billion in 2024, with a 12.2% CAGR. This growth is credited to increased crop yield, pest resistance, extended shelf life, and improved nutritional value. Projected for 2028, the market is estimated at $0.12 billion, maintaining a 12.1% CAGR. Trends include research investments, regulatory changes, consumer acceptance, sustainability, and resource efficiency.
Global Genetically Modified Fruits Market Key Driver
Genetically modified fruits are experiencing growth due to the constantly developing global food demand. The global demand for food is rising, and genetically modified crops are seen as a solution to meet this demand sustainably. The resilience of genetically modified crops to climatic stress and their increased yields contribute to addressing food security challenges. As an estimated $5 billion to $7 billion in additional spending is needed to support disadvantaged households affected by higher food and fertilizer prices, genetically modified fruits play a vital role in addressing global food demand.
Get A Free Sample Of The Global Genetically Modified Fruits Market ReportGlobal Genetically Modified Fruits Market Segments
The genetically modified fruits market covered in this report 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
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the genetically modified fruits market in 2023. Asia-Pacific is expected to be the fastest-growing region in the genetically modified fruits market share during the forecast period. The regions covered in the genetically modified fruits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Genetically Modified Fruits Industry Players
BASF SE; Bayer AG; Syngenta Crop Protection AG; Sakata Seed America Inc.; DuPont de Nemours Inc.; Groupe Limagrain Holding SA; KWS SAAT SE & Co. KGaA; J.R. Simplot Company; Stine Seed Company LLC; Dow Inc.; Jivo Wellness Pvt. Ltd.; Ambar Protein Industries; EuropaBio; Agritope Inc; US Department of Agriculture; Okanagan Specialty Fruits Company; Huazhong Agricultural University; Institute of Microbiology CAS; Cornell University and the University of Hawaii; University of Florida; 5Metis; Bioheuris; Bioprime Agrisolutions; JKAgri Genetics Ltd; Maharashtra Hybrid Seed Company; Calyxt Inc; Bioceres S.A; Beijing DaBeiNong Biotechnology Co. Ltd; Bejo Zaden BV; Intrexon; Okanagan Specialty Fruits
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AIOps Genetically Modified Fruits Market Overview
Genetically modified fruits refer to the fruits that have been developed to fulfill the distinct needs of growers and/or consumers. These fruits have distinctive agronomic traits that are frequently challenging to accomplish by conventional breeding. Genetically modified (GM) fruits are used to develop tolerance to herbicides or introduce plant disease resistance to increase yield.
Genetically Modified Fruits Global Market Report 2023 provides data on the global genetically modified fruits market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The genetically modified fruits market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.