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Genetically Modified Fruits Market 2024 - By Size, Share, Growth Rate, Emerging Trends, Development Status, Revenue Outlook And Forecast 2033

06-11-2024 08:06 AM CET | Food & Beverage

Press release from: The Business research company

Genetically Modified Fruits Market

Genetically Modified Fruits Market

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Genetically Modified Fruits Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $0.12 billion In 2028 At A CAGR Of 12.1%.

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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Genetically Modified Fruits Market Major 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 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.

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Prominent 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.

Genetically Modified Fruits Market Players
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 .

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/genetically-modified-fruits-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the genetically modified fruits market in 2023. Asia-Pacific is expected to be the fastest-growing region in the genetically modified fruits market share during the forecast period. The regions covered in the genetically modified fruits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Genetically Modified Fruits Market Report Structure
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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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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