Biofortifications Market Growing Rapidly, Recent Market Research Findings - HarvestPlus and International Rice Research Institute.

The Biofortifications Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Biofortifications market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Biofortifications Market reached US$ 110.2 million in 2022 and is expected to reach US$ 221.5 million by 2031, growing with a CAGR of 9.1% during the forecast period 2024-2031.

Market Overview:

Biofortification is the process of enhancing the nutritional quality of food crops through agricultural practices such as selective breeding, genetic modification, or fertilization. The goal is to increase the levels of essential vitamins, minerals, and other nutrients in crops to improve public health, particularly in regions where micronutrient deficiencies are prevalent. Biofortified crops, like golden rice (with increased vitamin A) or iron-rich beans, are developed to help combat malnutrition in areas where access to diverse diets is limited.

Key Developments:

❁ In February 2023, HarvestPlus Nigeria introduced the first national recipe book titled 'Biofortified Crops on my Plate', showcasing foods enhanced with essential nutrients. This initiative is part of HarvestPlus's broader effort to promote the use of biofortified crops, particularly in regions suffering from micronutrient deficiencies. The recipe book serves as an educational tool to encourage the consumption of biofortified crops like vitamin A-rich orange-fleshed sweet potatoes, iron-rich beans, and zinc-enriched rice. The program also aims to scale up the availability and usage of biofortified crop varieties through Krishi Vigyan Kendras, helping to improve nutrition and food security in Nigeria.

List of the Key Players in the Biofortifications Market:

HarvestPlus and International Rice Research Institute.

Research Process:

Both primary and secondary data sources have been used in the global Biofortifications Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Biofortifications Market:

By Crop: Sweet Potato, Cassava, Rice, Corn, Wheat, Beans, Pearl Millet, Others.

By Targeted Nutrient: Iron, Zinc, Vitamins, Amino Acid, Others.

By Gene Pool: Primary, Secondary, Tertiary.

By Technique: Conventional Plant Breeding, Agronomy, Genetic Technology.

Regional Breakout:

The global Biofortifications Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

✫ North America (U.S., Canada, Mexico)

✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

✫ South America (Colombia, Brazil, Argentina, Rest of South America)

✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Unveils:

✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.

✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.

✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.

✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.

✔ Identify high-potential niche segments and regions poised for significant expansion.

✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.

✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of New Zealand Food Testing and Certification manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of New Zealand Food Testing and Certification in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

☞ What is the expected growth rate of the global Biofortifications market for the forecast period?

☞ What are the key driving factors that are responsible to shape the fate of the Biofortifications market during the forecast period?

☞ What will be the overall size of the market during the analysis period?

☞ What are the prominent market trends which influence the development of the Biofortifications market across various regions?

☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☞ What are the challenges and threats that are likely to act as a barrier to the growth of the Biofortifications market?

☞ What are the major opportunities that the companies can get to attain success in the world?

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