GMO Corn Market: Demand for GMO Corn in Feed & Residual Applications to Gain Traction || Key Players: About Fact.MR Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research repo
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Using genetic modification techniques and bioengineering procedures to cultivate crops is being commonly exercised across the global food and beverage industry. With global farming conditions getting worse, cultivation of crops such as maize (corn) is being heavily marred by irregular presence of key micronutrients such as dietary fibers. Natural cultivation of corn, which is one of the richest source of energy (carbs) and has high presence of dietary fibers, is becoming less profitable as majority of farm produce remains under the low quality margin. This has instrumented the cultivation of corn crop as a genetically modified organism (GMO).
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High Demand for GMO Corn with Stacked Traits
The report projects that over the forecast period, GMO corn with insect tolerant traits shall register the highest global volume CAGR of 9%. The report further estimates that demand for GMO corn with stacked traits of herbicide and insect tolerance will register sales of over 1,000 million units by the end of 2026.
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Demand for GMO corn in Feed & Residual Applications to Gain Traction
Key findings from the report reveal that food applications of GMO corn will not dominate the global GMO corn market in terms of volume. Interestingly, their use in feed production and residual applications will account for global sales of over 760 million units of GMO corn by the end of 2026.
Direct sales of GMO corn are likely to translate highest revenues during the forecast period. In 2017, more than 380 million units of GMO corn have been consumed across the globe. The report also projects that modern trade sales of GMO corn will register fastest volume CAGR over the forecast period.
By the end of forecast period, food applications of GMO corn are expected to reflect a global market volume share of nearly 40%. Feed and residual applications of GMO corn are also expected to gain traction in the foreseeable future.
In 2018 and beyond, North America will represent the largest market for GMO corn. US consumer lifestyles continue to promote the consumption of GMO crops. In addition, several key players in the global GMO corn market are based in the US. By 2026-end, the North America GMO corn market is likely to touch a valuation of US$ 112 Bn.
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Companies spearheading the global production of GMO corn have been profiled in the report. These include, AgReliant Genetics LLC, BASF, Bayer CropScience, Canterra Seeds, Dow Agroscience, DuPont, Groupe Limagrain, Kleinwanzlebener Saatzuch SAAT SE, Land O'Lakes, Monsanto Company, Syngenta AG, and Takii Seed. Majority of these companies are expected to focus on extending collaborations with governments and capitalize from initiatives promoting the GMO cultivation practices to meet future demands.
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