Press release
Exploring the Global Genetically Modified Fruits Market: A Comprehensive Overview
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..
Market Overview -
Genetically modified fruits refer to the fruits that have been developed to fulfill the distinct needs of growers and/or consumers. These fruits have distinctive agronomic traits that are frequently challenging to accomplish by conventional breeding. Genetically modified (GM) fruits are used to develop tolerance to herbicides or introduce plant disease resistance to increase yield.
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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 .
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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