Non-GMO Seeds Market Size and Industry Growth
The new report by Expert Market Research titled, ‘Global Non-GMO Seeds Market Analysis, Size, Share, Growth, Scope, Outlook, Report and Forecast 2023-2028’, gives an in-depth analysis of the global non-GMO seeds market, assessing the market based on its segments like natures, forms, seed types, packaging types, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): USD 68 Billion (Global Seed Market)
- Forecast CAGR (2023-2028): 7% (Global Seed Market)
Farmers are increasingly adopting non-GMO seeds since they can save money while boosting their yields, which is driving the market growth. With the increasing preference for clean and better-produced food goods with non-GMO Project Certified certifications over GMO food products by consumers due to their cost-effectiveness and more sustainable production, the market is growing.
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The rising popularity of vegetarian and vegan lifestyles, along with the increasing health-consciousness, is surging the demand for foods manufactured using organic and non-GMO seeds. Over the forecast period, the popularity of organic food products is expected to expand, which is anticipated to aid the growth of the non-GMO seeds industry.
Non-GMO Seeds Industry Definition and Major Segments
Non-GMO seeds, variously known as non-genetically modified seeds, refer to seeds whose DNA are not modified by genetic engineering. They are typically cultivated through natural processes like pollination. They also maintain soil and crop health without utilising fertilisers and pesticides. Moreover, non-GMO seeds are more cost-effective than their genetically modified counterparts, due to which they are extensively adopted in the agricultural industry.
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By nature, the market is divided into:
Based on form, the market is categorised into:
The market, based on seed type, is segmented into:
- Oilseeds and Pulses
- Cereals and Grains
On the basis of packaging type, the market is divided into:
- Tubs/ Jars
- Gunny Bags
The regional markets for the product include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Non-GMO Seeds Market Trends
As non-GMO seeds are cost-effective than genetically modified seeds, they are increasingly preferred by farmers, which is bolstering the industry growth. The favourable agriculture economics of non-GMO seeds are surging the demand for their end-use products in the food processing industry, therefore propelling the market growth.
With the growing focus on high-yielding crops and seeds to meet the rising food demand for the increasing global population, the demand for non-GMO seeds owing to their high yield is significantly surging. Furthermore, the increasing launches of non-GMO products in the food and beverage industry due to the emerging trend of health and wellness is predicted to propel the market growth in upcoming years.
Key Market Players
The key players in the market are Cargill Inc., BASF SE, Prairie Hybrids, Spectrum Premium Non-GMO, Albert Lea Seed, and Sentinel Seeds, LLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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