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With reasons like an increase in the number of health-conscious people, rising demand for organic food products by consumers, and growing demand for non-GMO food products by middle-class families, the global non-GMO food market is expected to witness a robust growth in the coming years. The key players in the industry are, therefore, investing in the expansion of their production facilities increasingly to fulfil the growing demands for non-GMO food products from consumers.
North America is expected to be the leading regional market in the forecast period, which has also accounted for the highest share in the non-GMO food market in the historical period. Significant investments are being made to expand the GMO-free food products portfolios by the vendors operating in the region. Expansion and scaling up of non-GMO food product offerings are also being undertaken by the vendors by being engaged in M&A activities. Factors like this are responsible for the growth of the non-GMO food market in North America.
In August 2020, Hain Celestial (NASDAQ: HAIN), a key player in the industry, divested its Arrowhead Mills and SunSpire brands for USD 15 million to expand its margins and cash flows, along with eliminating low return on investment spent in North America. While the acquisition of the brand by Hometown Food Co. will help the portfolio company of the private equity firm Brynwood Partners grow in the industry, their divestiture will help Hain Celestial simplify their brand portfolio to increase their profitability.
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The major players in the global non-GMO food market are Hain Celestial, Amy’s Kitchen, Organic Valley, Nature’s Path Foods, United Natural Foods, and Beijing Green Yard Development, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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