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Global Non-GMO Food Market is Expected to Grow at a CAGR of 16.74% in the Forecast Period of 2022-2027.

According to a new report by EMR titled, ‘Global Non-GMO Food Market Report and Forecast 2022-2027’, the global non- GMO food market attained a value of about USD 1.1 billion in 2020. The industry is further expected to grow at a CAGR of 16.74% in the forecast period of 2022-2027 to reach a value of USD 2.8 billion by 2026.

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, The Hain Celestial Group, Inc. (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.

Market Analysis by Product, Distribution Channels, and Region:

  • The market, on the basis of product, can be divided into cereals and grains, liquor, edible oil, meat and poultry, and bakery, among others.
  • The distribution channels for non-GMO food include hypermarkets and supermarkets, food specialty stores, and convenience stores.
  • The regional markets for non-GMO food include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global non-GMO food market is driven by the increased expenditure in the R&D sector by major players to procure non-GMO crops and ingredients like seeds, grains, and fruits.
  • Rising health consciousness, along with the growing inclination of consumers towards a vegetarian and vegan lifestyle, is expected to augment the market growth in the coming years.
  • The growing expansion of production facilities is further invigorating the non-GMO food market growth.
  • The global non-GMO food market is expected to be positively fuelled during the forecast period by the increased adoption of non-GMO seeds by farmers.

Key Offerings of the Report:

  • The EMR report gives an overview of the global non-GMO food market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for products, distribution channels, and major regions of non-GMO food.
  • The report analyses the market dynamics by covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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