Non-GMO food product market will witness a meteoric 12% CAGR during the forecast period (2019- 2029). The surging demand can be attributed to popular consumer trends such as plant-based and organic diets. Millennial consumers are educating themselves through online sources of information and expect manufacturers to produce food products that concur with that information. Rise of smart labels that facilitate instant access to product specific information is another factor that is propelling the growth for transparent non-GMO food manufacturers globally. The market is anticipated to cross a market value of US$ 3.4 Bn by the end of 2029.
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Key Takeaways of non-GMO Food Product Market Study
- Grains and Cereals will dominate market demand with a multiplying growth rate of 22% through the end of 2029.
- Bakery & Confectionary products present gainful opportunities with a stupendous growth rate of 19% during the forecast period.
- Dairy products is another segment that will register a CAGR of 16% from 2019 to 2029.
- Indirect distribution channels will maintain share-wide and growth-wise dominance throughout the forecast period.
- North America and Latin America collectively account for more than half of total market value. This can be attributed to the early adopting nature of North American countries and rising millennial population in Latin America.
Global non-GMO food products market presents astounding growth opportunities between 2019 and 2029. Favorable consumers trends coupled with increasing government regulations and directive principles will facilitate manufacturers in production and marketing of non-GMO products. Market players stand a chance to attract, engage, and delight consumers by deploying advanced packaging and labelling technologies such as QR codes, RFID to disseminate favorable information to inquisitive consumers. -Says FMI Analyst
Consumer Preferences Shape Growth Trajectory
Increase in purchase potential and decrease in production costs is creating remunerative synergy in the market. This is fueled by advancements in packaging and labelling along with proactive consumer participation. Major players are investing in developing consumer communities that support long-term revenue generation. The non-GMO food products market is dependent on consumer awareness and prevalence of plant-based and vegan diets that require daily consumption of food products manufactured from non-genetically modified organisms.
Competitive landscape in non-GMO food products market is fragmented with the presence of multinationals, niche-manufacturers, and SMEs. Major players that shape the global non-GMO food products market are Cargill, Inc., Associated British Foods Plc, General Mills Inc., Kraft Heinz, Archer Daniels Midland Company, Danone, Nestle S.A., The Hain Celestial Group Inc. Key players in the market are forging strategic partnerships that ensure sustained revenue prospects.
What does the future hold?
The future of non-GMO food product is horticulture advancements. With the help of technology market players must devise innovative energy efficient ways that will cater to the multiplying demand for non-GMO products that lies ahead. Manufacturers in the market stand to benefits from consumer groups that act as advocates for non-GMO products in their personal communities.
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The global Non- GMO food market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Grain and Cereals
- Bakery & Confectionery
- Alcoholic Beverages
- Non-Alcoholic Beverages
- Dairy Products
- Ice Cream
- Infant Food
- Condiment, Dressing, & Oil
- Vegetable Oils
- Jams, Jellies
- Others (Spices, Soups, etc.)
By Distribution Channel
- Direct Sales/ B2B
- Indirect Sales/ B2C
- Online Retail
- Specialty Stores
- Other Retail Format
- North America
- Latin America
- Middle East & Africa