Biofortification Market Comprehensive Forecast to 2026: Syngenta, Bayer, BASF, HarvestPlus, DowDuPont, Monsanto Company, Charles River Laboratories, LemnaTec, Intertek, Church & Dwight, Nestlé, Intrexon Corporation, Arcadia Biosciences, Evogene, Mahyco

Biofortification market report is a comprehensive study on how the Food & Beverage industry is changing because of biofortification market. There are several systematic information in the report, like what the CAGR values are going to be in the forecast years of 2019-2026, and what the market definition, classifications, applications and market trends mean and how to use them to achieve a greater edge on the key players and brands whose company profiles are included in the report.

Global biofortification market is expected to rise from its initial estimated value of USD 77.00 million in 2018 to an estimated value of USD 151.19 million by 2026, registering a CAGR of 8.80% during the forecast period of 2019-2026. This rise in market value can be attributed to the rising need for high nutritional content food products and increasing funds for agrigenomics.

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Key Developments in the Market:

• In October 2018, Distributed Bio and Charles River entered into an exclusive partnership. This strategy allowed Charles River’s clients to access the Distributed Bio’s integrated antibody optimization technologies and antibody libraries.

• In February 2018, the Bill & Melinda Gates Foundation awarded HarvestPlus-India with a USD 6 million grant for expanding its biofortification work in two new states including Odisha and Bihar. This strategy would help in the expansion of the company and to enhance its customer base.

Market Definition:

Biofortification is a process which helps in improving the nutritional quality of food crops through conventional plant breeding, modern biotechnology or agronomic practices. It differs from conventional fortification which aims to increase the nutritional levels in crops during the growth of plants rather than using manual means during crop processing.

Key Market Competitors:

1. HarvestPlus
2. Syngenta AG
3. Bayer AG
4. BASF SE
5. DowDuPont
6. Monsanto Company
7. Charles River

Few of the major competitors currently working in the global biofortification market are LemnaTec GmbH, Intertek Group plc, Church & Dwight Co. Inc, Nestle, Intrexon, Okanagan Specialty Fruits Inc, ArborGen Inc, Arcadia Biosciences, The Mauro Seed Company, Metahelix, Mahyco, Protalix Biotherapeutics and Evogene Ltd.

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Market Drivers:

• Rising consumer awareness regarding healthy diets is driving the market demand

• Technological advancements is also expected to drive the market growth

Global Biofortification Market Segmentation:

By Crop
1. Sweet potato
2. Cassava
3. Rice
4. Corn
5. Wheat
6. Beans
7. Pearl millet
8. Others
• Tomato
• Banana
• Sorghum
• Barley

By Target Nutrient
1. Zinc
2. Iron
3. Vitamins
4. Others
• A-carotene
• Amino acids
• Proteins

By Geography
1. North America
2. South America
3. Europe
4. Asia-Pacific
5. Rest of Asia Pacific

Market Restraints:

• Lower awareness regarding the bio-fortified crop benefits is expected to restrain the market growth

• Climatic changes is also expected to hinder the market growth

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