Press release
Genetically Modified Animal Products Market: Rapid Growth and Key Drivers Forecast for 2024-2029
Genetically Modified Animal Products Market Share
What Is The Projected Market Size Of The Global Genetically Modified Animal Products Market And Its Growth Rate?
The Genetically Modified Animal Products market is going through a period of significant growth. Key statistics show:
• In 2024, the market size was $0.04 billion
• The size will increase to $0.04 billion in 2025 at a CAGR of 12.2%
• It is expected to grow to $0.07 billion in 2029 at a CAGR of 12.7%
This growth is largely attributed to factors such as climate change mitigation, focus on sustainable agriculture, improved disease resistance, regulatory support, and biopharmaceutical production.
What Is Driving The Growth In The Genetically Modified Animal Products Market?
The genetically modified animal products market is experiencing considerable growth thanks to increasing bioengineered food production. Bioengineering of food refers to the alteration of an organism's genetic makeup to achieve certain characteristics, such as greater yield or pest resistance. This technology can be used to enhance crops like corn and soybeans, as well as food animals such as cattle and chicken. As the global population rises and food demand grows, bioengineered foods have been proposed to fulfill this demand and address food security and sustainability. Hence, increasing bioengineered food production is significantly contributing to the growth of the genetically modified animal products market.
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Who Are the Key Players Driving Genetically Modified Animal Products Market Growth?
The key players in the genetically modified animal products market include:
• Bayer AG
• Syngenta AG
• Pioneer Hi-Bred International Inc.
• Dow Inc.
• Monsanto Company
• BASF SE
• Corteva Inc.
• J.R. Simplot Company
• Okanagan Specialty Fruits Inc.
• Klein Wanzlebener Saatzucht SE & Co. KGaA
• Stine Seed Company
• Biocytogen Pharmaceuticals (Beijing) Co. Ltd.
• Sakata Seed America Inc.
• AquaBounty Technologies Inc.
• Genus plc
• Recombinetics Inc.
• Trans Ova Genetics LC
• Revivicor Inc.
• ViaGen Pets
• Taconic Biosciences Inc.
What Are The Key Trends In The Genetically Modified Animal Products Market?
Key trends in the genetically modified animal products market include:
• Research in functional foods
• Genetically modified aquatic species
• Nutritional enrichment
• Ethical considerations and animal welfare
• Global research collaborations
What Are The Segments Of The Global Genetically Modified Animal Products Market?
The genetically modified animal products market is segmented into:
• By Form: Pellets, Crumbles, Mash, Meal Or Cake
• By Feed Type: Roughages, Concentrates
• By Trait: Herbicide Tolerance (HR), Insect Resistance (IR), Stacked Traits (ST)
Which Region Leads The Genetically Modified Animal Products Market?
North America was the largest region in the genetically modified animal products market in 2024. Other regions included are Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Genetically Modified Animal Products Market Global Market Report?
• Market Size Analysis: Analyze the Genetically Modified Animal Products Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Genetically Modified Animal Products Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Genetically Modified Animal Products Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Genetically Modified Animal Products Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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