Major non-GMO food products manufacturers are focusing on the adoption of smart labels and transparency for product specific information to cater to consumer needs.
DUBAI, UAE / ACCESSWIRE / March 11, 2020 / The global non-GMO food products market is poised to grow at an exponential 12% CAGR through the forecast period (2019 – 2029). According to a new study by Future Market Insights (FMI), the market for non-GMO food products is largely influenced by changes in consumer demand and easier access to superior farming technologies.
“Favorable consumer trends and increasing government regulations will enable manufacturers to produce and promote non-GMO products. Advanced packaging and labelling technologies such as QR codes and RFID will aid growth,” reveals the FMI report.
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Key Research Findings of FMI’s Non-GMO Food Products Market Study
- Grains and cereals will account for major market demand with a growth rate of 22% through 2029
- Bakery and confectionary products will generate lucrative opportunities with 19% growth.
- Indirect distribution channels will prevail in terms of market share and growth.
- North America and Latin America will cumulatively account for more than 50% of the overall market value.
Key Growth Drivers – Non-GMO Food Products Market
- Rising purchase potential and lower costs of production play a major role in the growth of the non-GMO food products market.
- Advances in labeling and packaging practices will contribute significantly to the demand.
- Rising consumer awareness and the prevalence of vegan, plant-based diets, will contribute to market growth.
Key Impediments – Non-GMO Food Products Market
- Changes in consumer preferences, and economic conditions to demographic trends is a key challenge to manufacturers active in non-GMO food products market.
- Premium pricing of non-GMO food products is also a major challenge restricting the growth of the industry.
Explore the complete non-GMO food products market report with 96 illustrative figures, 84 data tables, and the table of contents. Also find a detailed market segmentation on https://www.futuremarketinsights.com/askus/rep-gb-11088
Competition Structure Analysis – Non-GMO Food Products Market
The competition landscape of non-GMO food products market remains moderately fragmented and competitive. Key producers are pushing for establishment of distribution warehouses for effective logistics, in addition to mapping future growth trajectories on the basis of consumer income levels and the penetration of vegan, plant based diets.
Some of the key players in the non-GMO food products market include, but are not limited to Cargill Inc., The Hain Celestial Group Inc., Associated British Foods Plc, Nestle S.A., General Mills Inc., Danone, Kraft Heinz, and Archer Daniels Midland Company.
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About the Report
This report offers global, regional, and national level analysis on the latest trends in the industry influencing the non-GMO food products market. The study provides actionable insights on the non-GMO food products market on the basis of product type (grain and cereals, bakery and confectionary, beverages, dairy products, infant food, condiments, dressing, and oil, and others), distribution channel (direct sales/B2B and indirect sales/B2C), across 30 countries spanning seven key regions (North America, Latin America, Europe, APEJ, Japan, Oceania, and MEA).
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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Press Release Source: https://www.futuremarketinsights.com/press-release/non-gmo-food-products-market
SOURCE: Future Market Insights
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