Report ID: SQSG30H2011
Report ID:
SQSG30H2011 |
Region:
Global |
Published Date: July, 2001
Pages:
165
|
Tables:
72 |
Figures:
75
Non-GMO Food Market size was valued at USD 623.96 billion in 2019 and is poised to grow from USD 687.6 billion in 2023 to USD 1648.06 billion by 2031, growing at a CAGR of 10.2% in the forecast period (2024-2031).
Non-GMO refers to unique organisms made in a lab employing gene-editing technology. It stands for non-genetically modified organisms. The target market growth rate is expected to be fueled by rising non-GMO food product usage, changing public tastes, and customer perception of the goods' health advantages. Major corporations are enlarging their production plants in emerging nations to take advantage of advantages like lower labor costs, installation expenses, etc. The market growth rate is expected to be greatly aided by the expansion of e-commerce portals and the expansion of distribution channels.
The rise of the non-GMO food industry can be ascribed to a number of things, including rising spending power and populace, especially in emerging countries. Foods made without genetically modified organisms (GMOs) require minimal preparation time compared to conventional foods, making them an excellent alternative for people who work or lead busy lives. Because of better product exposure and growing e-commerce channel acceptance, the use of online networks is fueling product sales.
US Non-GMO Food Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONNon-GMO Food Market size was valued at USD 623.96 billion in 2019 and is poised to grow from USD 687.6 billion in 2023 to USD 1648.06 billion by 2031, growing at a CAGR of 10.2% in the forecast period (2024-2031).
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Report ID: SQSG30H2011