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The global non-GMO food products market is expected to grow at an exponential CAGR of 12% during the forecast period (2019-2029). According to a new study from Future Market Insights (IMF), the market for non-GMO food products is largely influenced by changing consumer demand and easier access to superior agricultural technologies.

Non-GMO products have attracted an incredible number of consumers since their inception. From developing countries to early adopters, consumers around the world are learning about non-GMO and organic choices in everyday food products. Growing consumer traction coupled with advancements in agricultural technology will propel the global non-GMO food market at a staggering CAGR of over 12% during the forecast period (2019-2029).

Manufacturers of non-GMO food products employ creative marketing strategies that aim to develop consumer interest by attracting, engaging and delighting consumers with product information. They deploy bespoke packaging and smart labels to make it easy to access details of non-GMO products.

Key Research Findings from IMF Non-GMO Food Market Research

  • Cereals and grains will represent a major market demand with a growth rate of 22% until 2029
  • Bakery and confectionery products will generate lucrative opportunities with 19% growth.
  • Indirect distribution channels will prevail in terms of market share and growth.
  • North America and Latin America will cumulatively represent more than 50% of the overall market value.

Main Growth Drivers – Non-GMO Food Market

  • Increasing purchasing potential and lowering production costs are playing a major role in the growth of the non-GMO food products market.
  • Advances in labeling and packaging practices will significantly contribute to demand.
  • Growing consumer awareness and prevalence of plant-based vegan diets will help in the growth of the market.

For more details ask the analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-11088

Main obstacles – Market for non-GMO food products

  • Changing consumer preferences and economic conditions with demographic trends is a major challenge for manufacturers active in the non-GMO food market.
  • The higher pricing of non-GMO food products is also a major challenge limiting the growth of the industry.

Competitive Structure Analysis – Non-GMO Food Market

The competitive landscape of the non-GMO food products market remains moderately fragmented and competitive. Major producers are pushing for the establishment of distribution warehouses for efficient logistics, in addition to mapping future growth trajectories based on consumer income levels and penetration of plant-based vegan diets.

Market segmentation

The global non-GMO food market is segmented in detail to cover all aspects of the market and present the readers with comprehensive market information.

By product

  • Cereals and cereals
  • Bakery & Confectionery
    • Bread
    • Pastry shop
    • Candies
    • Others
  • Beverages
    • Alcoholic beverages
    • Soft drink
  • Dairy products
    • Yogurt
    • Cheese
    • Ice cream
    • Others
  • Infant food
  • Condiment, dressing and oil
    • Vegetable oils
    • Jams, Jellies
    • Syrups
  • Others (spices, soups, etc.)

By distribution channel

  • Direct sales / B2B
  • Indirect sales / B2C
    • Supermarket / Hypermarket
    • Wholesaler
    • Online retail
    • Specialty stores
    • Other retail format

Contact Sales for further assistance in purchasing this report – https://www.futuremarketinsights.com/checkout/11088

FREQUENTLY ASKED QUESTIONS IN THE NON-GMO FOOD MARKET

What drives the market for non-GMO food products?

The non-GMO food market is driven by plant-based and vegan food trends that focus on integrating non-GMO organic food products into daily diets. Growing consumer awareness of the benefits of non-GMO food products is playing a supporting role in the development of this market.

What factors endanger market players?

The increased investment by conglomerates and multinationals to venture into the non-GMO food space poses slight constraints for dedicated market players. The lack of universal quality standards forces manufacturers to market their products according to consumer perception.

Which region will dominate global sales of non-GMO food products?

Latin America leads the world in sales of non-GMO food products thanks to increasing disposable income and food trends. Consumers in Latin American countries are creating an early adoption ecosystem where non-GMO food products are one of the first things they want to adopt.

Which product type segment offers the most lucrative growth opportunities?

Cereals and grains offer the most profitable growth opportunities. Wheat, corn, and soy are the primary source of fiber and carbohydrates for consumers around the world. Therefore, the predominance of grains and cereals is the result of this dominant trend.

Learn more: https://apnews.com/press-release/marketersmedia/business-food-beverage-and-tobacco-products-manufacturing-food-manufacturing-consumer-products-and-services-consumer-product-manufacturing- 510d1f34bcc52b1795d43e3cd4cd0a96


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