Press release
Genetically Modified Vegetables Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Genetically Modified Vegetables Market Size
The increasing global demand for healthier and higher yielding crops is propelling the advancement of the genetically modified vegetable industry. Crops, default economically profitable plants, have become more important than ever due to the steady global population growth, reduced agricultural land, and rising drought occurrences, which have escalated the necessity for highly productive crop variants. This demand can be satisfied through genetically engineered vegetables. For example, the United Nations' Food and Agriculture Organization, based in Italy, projected in October 2024 that there would be a record global rice output of 539.2 million metric tons in 2024. This is due to favorable conditions in India, emphasizing the mounting demand for robust and efficient crops. Furthermore, worldwide wheat production is projected to increase to 792.9 million tons in 2024, attributed to Australia's enhanced yield prospects, further emphasizing the global drive for healthier and more abundant farm produce. Consequently, the requirement for healthier and increased yields is spurring the growth of the genetically modified vegetable industry.
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What growth opportunities are expected to drive the genetically modified vegetables market's CAGR through 2034?
The market size for genetically modified vegetables has seen a swift expansion in the past few years. It is projected to rise from $0.12 billion in 2024 to $0.13 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 12.2%. The upswing during the historical period could be credited to factors such as higher crop yield, resistance to pests, ability to withstand drought, extension of shelf life, improvement in nutritional value, and better weed management.
The market for genetically modified vegetables is anticipated to experience fast expansion in the upcoming years. It is projected to reach $0.21 billion by 2029, with a compound annual growth rate (CAGR) of 12.7%. The escalation during the forecast period is credited to factors such as increased health consciousness among consumers, adaptation to climate change, regulatory assistance, food security worries, and worldwide population increase. Noteworthy trends expected during this period consist of advancements and innovation in biotech research, tolerance to biotic and abiotic stress, precision breeding techniques, worldwide collaboration in the research field, along with organic and sustainable agriculture.
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What are the emerging trends shaping the future of the genetically modified vegetables market?
Leading corporations in the field of genetically modified vegetables are generating pioneering solutions such as genetically modified organism (GMO) programs aimed at enhancing agricultural durability and productivity. These advancements not only fortify food security but also elevate farmer revenues in the midst of climate adversities and pest infestations. A genetically modified organism (GMO) is essentially a creature, a plant, or a microbe whose genetic code has been adapted via biotechnological methods to manifest the needed characteristics, typically in the fields of farming, healthcare, or industry. For example, in October 2024, the Rwanda Agriculture and Animal Resources Development Board (RAB), an autonomous institution based in Rwanda, unveiled the Agricultural Biotechnology Programme. It emphasizes the incorporation of genetically modified versions of cassava and potatoes engineered to resist diseases, pests, and drought circumstances. The purpose of this program is crucial as it endeavors to boost agricultural yield and hardiness, tackling food scarcity challenges and bettering the lives of Rwandan farmers while lessening dependence on imported food staples.
Which growth-oriented segments of the genetically modified vegetables market are leading the industry's development?
The genetically modified vegetables market covered in this report is segmented -
1) By Type Of Modification: Transgenic, Cis-Genic, Sub-Genic, Multiple Trait Integration
2) By Crop: Soybean, Cotton, Maize, Oilseed Rape, Canola, Alfalfa, Other Crops
3) By Technique: Gene Guns, Electroporation, Microinjection, Agrobacterium, Other Techniques
4) By Trait: Herbicide Tolerance (HT), Insect Resistance (IR), Stacked Traits, Other Traits
5) By Application: Scientific Research, Agriculture Crops
Subsegments:
1) By Transgenic: Insect-Resistant, Herbicide-Tolerant, Virus-Resistant, Nutritional Enhancement
2) By Cis-Genic: Disease Resistance, Yield Improvement, Stress Tolerance
3) By Sub-Genic: Gene Silencing, Gene Editing
4) By Multiple Trait Integration: Stacked Traits, Enhanced Nutritional Profiles
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What regions are leading the charge in the genetically modified vegetables market?
North America was the largest region in the genetically modified vegetables market in 2024. The regions covered in the genetically modified vegetables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the genetically modified vegetables market?
Major companies operating in the genetically modified vegetables market include BASF SE, Bayer AG, Syngenta AG, Dupont de Nemours Inc., Groupe Limagrain Holding SA, JR Simplot Company, JKAgri Genetics Ltd., Mahyco Private Limited, Calyxt Inc., Stine Seed Farm Inc., Nuseed Pty Ltd., KWS SAAT SE & Co. KGaA, Sakata Seed Corporation, Okanagan Specialty Fruits Inc., Pairwise Plants LLC, Corteva Inc., Sakata Seed America Inc., Limagrain Holding SA, Arcadia Biosciences Inc., Benson Hill Biosystems Inc.
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What Is Covered In The Genetically Modified Vegetables Global Market Report?
• Market Size Forecast: Examine the genetically modified vegetables market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the genetically modified vegetables market for a structured understanding.
• Key Players Overview: Analyze major players in the genetically modified vegetables market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the genetically modified vegetables market.
• Segment Contributions: Evaluate how different segments drive overall growth in the genetically modified vegetables market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the genetically modified vegetables market.
• Industry Challenges: Identify potential risks and obstacles affecting the genetically modified vegetables market.
• Competitive Landscape: Review strategic developments in the genetically modified vegetables market, including expansions, agreements, and new product launches.
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