Press release
Genetically Modified Feed Market is expected to reach USD 94.3 billion by 2030
Genetically Modified Feed Market - DataM Intelligence
The Global Genetically Modified Feed Market reached USD 61.5 billion in 2022 and is expected to reach USD 94.3 billion by 2030 growing with a CAGR of 5.5% during the forecast period 2023-2030.
Biotechnology plays a crucial role in the development and production of genetically modified (GM) feed. Various genetic modification techniques, including genetic engineering and gene editing, enable precise manipulation of genes in crops intended for GM feed. These techniques facilitate the introduction of desired traits and improvements in agricultural productivity.
In the context of GM feed, feed additives such as herbicide-tolerant traits are incorporated into genetically modified crops. These traits contribute to crop improvement by allowing more effective weed control and reducing the dependency on herbicides in livestock production. Through biotechnology, GM feed can be tailored to possess specific characteristics that enhance crop performance, benefiting both agricultural efficiency and livestock nutrition.
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Market Dynamics
Genetically Modified (GM) crops have indeed played a significant role in reducing the use of chemical inputs, including pesticides and herbicides.
One notable contribution is the development of GM crops engineered to produce proteins toxic to specific pests, such as insects. For instance, the incorporation of Bacillus thuringiensis (Bt) genes into crops like corn and cotton allows these plants to produce toxins lethal to certain insect pests. This built-in resistance reduces the necessity for synthetic chemical insecticides, as the crops themselves become resistant to insect pests.
Additionally, herbicide tolerance is a common trait introduced into GM crops. Crops like soybeans, corn, and cotton can be modified to withstand specific herbicides. This modification enables farmers to use herbicides for weed control without harming the crop. As a result, farmers can adopt more targeted and efficient weed management practices, potentially leading to a reduction in the overall use of herbicides in agriculture.
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Market Segmentation
By Type
Corn
Soybean
Canola
Cottonseed
Alfalfa
Fruits & Vegetables
Others
By Form
Pellets
Crumble
Mash
Meal/Cake
By Feed Type
Roughages
Concentrates
By Application
Poultry
Swine
Cattle
Aquaculture
Pet Food
Market Key Players
Major players are Bayer AG, Syngenta, DuPont, Dow, Monsanto, BASF, Corteva Agriscience, J.R. Simplot Company, Okanagan Specialty Fruits Inc., and KWS SAAT SE & Co.
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