Non-GMO Food Industry demand
The global non-GMO food market is projected to grow from USD 623.96 billion in 2021 to USD 1.2 Trillion by 2028 at a CAGR of 10.20% in forecast period.
What is Non-GMO?
A product is non-GMO if it was created without any genetic engineering. This also means that any ingredients used to make a product were not derived from GMOs.
It has been estimated that upwards of 75% of processed foods on supermarket shelves – from soda to soup, crackers to condiments – contain genetically engineered ingredients.
Currently, up to 92% of U.S. corn is genetically engineered (GE), as are 94% of soybeans and 94% of cotton.
The global impact of COVID-19 has been unprecedented and staggering, with non-GMO food witnessing a positive impact on demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a higher growth of 7.0% in 2020 as compared to the average year-on-year growth during 2017-2019. The rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.
Non-GMO Food Market Share North America
North America holds highest market share (41%) in the Non-GMO food category segment.
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