Report ID: SQMIG30C2115
Report ID:
SQMIG30C2115 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
119 |
Figures:
77
Non-GMO Soybean Market size was valued at USD 34,007.11 Million in 2023 and is poised to grow from USD 36489.63 Million in 2024 to USD 47278.92 Million by 2032, growing at a CAGR of 7.3% during the forecast period (2025-2032).
The forecast period anticipates a notable surge in consumer awareness regarding labeling laws and product quality, notably propelling the demand for non-GMO soybeans.
This growing consumer knowledge is a driving force behind the escalating preference for non-GMO soybeans, indicated by an exponential rise in demand and the accompanying premium on these products. Non-GMO soybeans, distinguished by their absence of genetic modification, are gaining traction due to their inherent advantages over genetically modified counterparts, drawing attention for their natural origins.
This growing market for non-GMO soybeans is bolstered by the expanding cultivation of these beans and the favorable profit margins offered by soybean products.
As a result, the non-GMO soybean industry is witnessing robust growth, a trend expected to persist owing to the rising demand and the distinctive advantages offered by these natural, unmodified soybeans.
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Report ID: SQMIG30C2115