Press release
Genetically Modified Fruits Market Size, Trends, Share Analysis And Forecast 2033
Genetically Modified Fruits Market
The Business Research Company offers in-depth market insights through Genetically Modified Fruits Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The genetically modified fruits market size has grown rapidly in recent years. It will grow from $0.07 billion in 2023 to $0.08 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to increased crop yield, pest and disease resistance, extended shelf life, improved nutritional value, weather adaptability.
The genetically modified fruits market size is expected to see rapid growth in the next few years. It will grow to $0.12 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to investments in research and development, regulatory changes and market approvals, consumer acceptance and preferences, sustainability and resource efficiency, climate adaptability. Major trends in the forecast period include advancements in biotechnology, sustainability and resource efficiency, enhanced nutritional content, extended shelf life, consumer awareness and acceptanc, regulatory changes and policies.
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Market Segmentation:
The genetically modified fruits market covered in this report is segmented -
1) By Type: Vegetables, Crops, Fruits, Animal Products
2) By Trait: Herbicide Tolerance (HR), Insect Resistance (IR), Stacked Traits (ST)
3) By Application: Poultry, Swine, Cattle, Dairy, Aquaculture, Pet food, Equine, Other Applications
Major Driver - The Role Of Genetically Modified Fruits In Ensuring Sustainability And Food Security
The constantly developing global food demand is significantly contributing to the growth of genetically modified fruits. The global food demand is increasing mainly due to rising population, and the deterioration of natural resources. Food security for the expanding population must be ensured by sustainable food production methods. Due to weather restrictions and insect pests, most nations must import their food supplies, making food security appear challenging. However, the process of obtaining food security will be made easier by genetically modified crops' resilience to climatic stress and increased yields. For example, in December 2022, according to a US-based financial agency IMF's research estimates, an additional $5 billion to $7 billion in spending is required to support disadvantaged households in the 48 nations most impacted by the higher import prices for food and fertilizer. It will need an additional $50 billion to end severe food insecurity. Hence, increasing food demand is significantly contributing to the growth of the market for genetically modified fruits.
Competitive Landscape:
Major companies operating in the genetically modified fruits market report are BASF SE, Bayer AG, Syngenta Crop Protection AG, Sakata Seed America Inc., DuPont de Nemours Inc., Groupe Limagrain Holding SA, KWS SAAT SE & Co. KGaA, J.R. Simplot Company, Stine Seed Company LLC, Dow Inc., Jivo Wellness Pvt. Ltd., Ambar Protein Industries, EuropaBio, Agritope Inc, US Department of Agriculture, Okanagan Specialty Fruits Company, Huazhong Agricultural University, Institute of Microbiology CAS, Cornell University and the University of Hawaii, University of Florida, 5Metis, Bioheuris, Bioprime Agrisolutions, JKAgri Genetics Ltd, Maharashtra Hybrid Seed Company, Calyxt Inc, Bioceres S.A, Beijing DaBeiNong Biotechnology Co. Ltd, Bejo Zaden BV, Intrexon, Okanagan Specialty Fruits.
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Top Trend - Strategic Investments In Genetically Modified Fruits Market
Major companies operating in the genetically modified fruits market focusing on strategic investments. Strategic investments are investments made by a corporation with the goal of increasing its success over time. For instance, in October 2022, Inari, a US-based seed gene editing startup, raised $124 million Series E round. Inari plans to use the extra funds to accelerate product development on the path to commercialization.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Genetically Modified Fruits Market Characteristics
3. Genetically Modified Fruits Market Trends And Strategies
4. Genetically Modified Fruits Market - Macro Economic Scenario
5. Genetically Modified Fruits Market Size And Growth
…..
27. Genetically Modified Fruits Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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