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Biofortification Market Trends

  • Report ID: GMI10771
  • Published Date: Aug 2024
  • Report Format: PDF

Biofortification Market Trends

The biofortification industry is witnessing several emerging trends that are shaping its future trajectory. There's a growing focus on developing climate-resilient biofortified crops to address food security concerns in the face of changing environmental conditions. Precision breeding techniques and advanced genomic tools are being increasingly employed to accelerate the development of nutrient-enhanced varieties. Consumer demand for natural and minimally processed foods is driving interest in biofortified crops as an alternative to synthetic fortification. There's also a trend towards diversifying the range of crops being biofortified beyond staple grains, to include fruits, vegetables, and legumes. Digital technologies are being leveraged to improve the distribution and adoption of biofortified seeds among smallholder farmers. Additionally, there's an increasing emphasis on biofortification as part of broader nutritional strategies, with governments and international organizations integrating it into their food and health policies. These trends collectively point towards a more holistic, technologically advanced, and consumer-driven approach to addressing global malnutrition through biofortification.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for biofortification was USD 143.2 million in 2023 and is expected to register 7.7% CAGR from 2024-2032 owing to increasing awareness of the benefits of nutrient-dense foods, rising health consciousness among consumers, and supportive government policies worldwide.

Biofortification industry from the cereals crop type segment and is expected to register 7.9% CAGR from 2024-2032 due to the widespread consumption of cereals as staple foods globally, making them an ideal vehicle for delivering essential nutrients to large populations.

Asia Pacific industry is expected to register 7.9% CAGR from 2024-2032 due to high prevalence of micronutrient deficiencies and increasing government initiatives to combat malnutrition in the region.

ArborGen Inc., Arcadia Biosciences, BASF SE, Bayer AG, Charles River Laboratories, Corteva, DuPont, HarvestPlus, Intertek Group plc, LemnaTec GmbH, Mahyco, Nestlé S.A., Okanagan Specialty Fruits Inc., and Syngenta, are some of the major biofortification companies worldwide.

Biofortification Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 172
  • Countries covered: 22
  • Pages: 200
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