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Genetically Modified Feed Market - By Source (Crop, Fruits & Vegetables), By Form (Pellets, Crumble, Mash, Meal/cake), By Feed Type (Roughages and Concentrates), By Livestock (Poultry, Swine, Cattle, Aquaculture, Pet Foods, Equine) & Forecast, 2024-2032

  • Report ID: GMI5331
  • Published Date: Aug 2024
  • Report Format: PDF

Genetically Modified Feed Market Size

Genetically Modified Feed Market size achieved USD 109.62 million in 2023 and will grow at 5.7% CAGR from 2024 to 2032. Genetically modified feeds are rich in nutrients and quality and are mostly fed to cattle and animals to make them healthy and nutritive. A recent surge in customer preference for meat products will drive market growth. GMO feed is highly monitored by governments across countries to maintain the quality of the process of cultivating and integrating the product.
 

Genetically Modified Feed Market

 For instance, the U.S. Food and Drug Administration, which is the primary regulatory organization responsible for guaranteeing the safety of GMO and non-GMO food for animals in the country, has tasked the Center for Veterinary Medicine with managing this responsibility.
 

The genetically modified (GM) feed market is primarily driven by the surging global demand for high-quality, nutritious, and sustainable animal feed. Ingredients like genetically modified soy and corn not only boast enhanced nutritional profiles but also yield better crop outputs and resist pests and diseases. This translates to reduced production costs and heightened efficiency for farmers. Furthermore, with a growing emphasis on food security and the urgency to cater to the protein needs of a burgeoning global populace, the adoption of GM feed is on the rise. Traits like elevated protein content and superior digestibility in GM crops lead to healthier livestock and boost production efficiency in meat, dairy, and eggs, propelling the market's expansion.
 

For instance, according to the Department of husbandry and dairying report 2023, milk production has increased by 51.05% over the past 8 years from 146.3 million tonnes during 2014-15 to 221.06 million tonnes during 2021-22. Milk production is growing at the annual growth rate (CAGR) of 6.1% over the past 8 years whereas world milk production is growing at 1.2% per annum. This remarkable growth underscores the increasing demand for efficient and nutritious animal feed solutions, driving the adoption of genetically modified (GM) feed. GM feed, with its enhanced nutritional profiles and higher yield efficiency, supports the burgeoning dairy industry by providing sustainable and cost-effective feed options, contributing to the overall productivity and sustainability of milk production.
 

Innovations and technological advancements are reshaping the animal feed alternative protein market, enhancing both production and efficiency. Breakthroughs in biotechnology, including precision fermentation and synthetic biology, are facilitating the sustainable production of high-quality proteins sourced from microbes, algae, and insects. Furthermore, automation coupled with AI-driven analytics is streamlining production processes, refining feed formulations, and curbing costs. Genetic engineering advancements are also playing a pivotal role, enhancing both the nutritional profiles and growth rates of alternative protein sources. Collectively, these innovations are not only making alternative proteins more scalable and affordable but are also tackling environmental challenges, paving the way for a sustainable future in animal nutrition.
 

Stringent government regulations focusing on the penetration of non-GMO crops in food processing are a major cause restraining market growth. As government authorities are closely monitoring the production process and controlling the supply and penetration of these products, the industry often witnesses backlash on expanding the business beyond local markets. Nonetheless, increasing demand for the use of GMO crop-based feed due to its low cost will encourage manufacturers to focus on innovating crop feeds.
 

Genetically Modified Feed Market Trends

In the genetically modified (GM) feed market, current and emerging trends highlight a heightened focus on sustainability and efficiency, largely spurred by the surging global appetite for animal protein. Biotechnology advancements are crafting GM feeds that boast superior nutritional profiles, pest resistance, and increased yields, all while minimizing the environmental impact of feed production. Key markets are witnessing growth, bolstered by regulatory backing and a growing acceptance of GM crops. Furthermore, cutting-edge innovations like CRISPR technology promise to fine-tune GM feeds even more, enhancing feed conversion ratios and bolstering livestock health, thus propelling the GM feed market's expansion.
 

Genetically Modified Feed Market Analysis

Global Genetically Modified Feed  Market Size, By Source, 2021 - 2032 (USD Million)

By source, crop segment will capture USD 179.87 million and demonstrate a 5.7% CAGR by 2032. The dominance of the crop by source segment in the market is driven by the extensive use of genetically modified crops like corn and soybeans. These crops are engineered to possess traits such as pest resistance, herbicide tolerance, and improved nutritional content, making them highly efficient and cost-effective for feed production. Corn and soybeans serve as primary feed ingredients due to their high protein and energy content, which are essential for animal growth and productivity. The widespread cultivation, availability, and established supply chains of these GM crops further solidify their dominance in the market, meeting the increasing global demand for sustainable and nutritious animal feed.
 

Global Genetically Modified Feed Market Revenue Share, By Form, (2023)

By form, genetically modified feed market from pellets segment will expand to USD 69.85 million and garner 6.1% CAGR by 2032. Pellets dominate the animal feed alternative protein market due to their numerous advantages in terms of handling, storage, and nutritional delivery. The pelleting process enhances feed efficiency by increasing nutrient density and improving digestibility, which is crucial for optimizing livestock growth and health. Pellets also reduce feed wastage and are less prone to contamination compared to other forms, such as mash or crumbles. Additionally, their uniform size and shape facilitate easier transportation and automated feeding systems, making them highly preferred by large-scale farming operations. These benefits collectively reinforce the dominance of pellets in the market, driving their widespread adoption and continued growth.
 

By feed type, genetically modified feed market from concentrate segment will expand to USD 95.64 million and garner 5.8% CAGR by 2032. The dominance of concentrates by feed type segment in the animal feed alternative protein market is driven by their superior nutritional value and targeted formulation, which are essential for optimizing livestock growth and productivity. Concentrates, comprising high-energy and high-protein ingredients, are designed to complement forages and other basal diets, ensuring that animals receive a balanced diet that supports their specific growth stages and production goals. Their ability to enhance feed efficiency, improve weight gain, and boost overall animal health makes concentrates a preferred choice among farmers and producers. Additionally, the increasing demand for high-quality meat, dairy, and poultry products further propels the prominence of concentrates in the market.
 

In the livestock, poultry segment will expand to USD 89.98 million and garner 6.1% CAGR by 2032. The poultry segment dominates the animal feed alternative protein market due to its significant demand and rapid growth rate in global meat production. Poultry, particularly broilers and layers, require high-protein and nutrient-dense feed to support fast growth and high egg production, making them prime candidates for alternative protein sources. Insect protein, yeast protein, and other novel feed ingredients are increasingly being adopted to meet these needs, offering improved feed efficiency and sustainability. The rising consumer preference for poultry meat and eggs, driven by their affordability and nutritional benefits, further accelerates the demand for innovative feed solutions, solidifying the dominance of the poultry segment in this market.
 

North America Genetically Modified Feed Market Size, 2021- 2032  (USD Million)

North America genetically modified feed market will record 5.2% CAGR and market size of USD 77.22 million by 2032. North America dominates the animal feed alternative protein market due to its advanced agricultural infrastructure, strong focus on sustainability, and high investment in research and development. The region benefits from a well-established livestock industry and growing consumer demand for sustainably sourced protein. The United States and Canada lead in the adoption of alternative proteins, driven by regulatory support and innovative technologies in protein production. Additionally, the presence of key industry players and collaboration between academic institutions and private companies further propels market growth. This dominance is reinforced by a robust supply chain and increasing awareness about the environmental benefits of alternative proteins.
 

Genetically Modified Feed Market Share

Global Genetically Modified Feed Market Company Share, (2023)

In the competitive landscape of the animal feed alternative protein market, BASF SE, Bayer AG, Syngenta Crop Protection AG, Corteva Agriscience, and Groupe Limagrain Holding are key players leveraging their expertise in agricultural science and technology. BASF SE focuses on innovation in feed additives and sustainable solutions, while Bayer AG emphasizes enhancing feed efficiency through biotechnology. Syngenta Crop Protection AG provides advanced crop protection technologies that indirectly support feed ingredient quality. Corteva Agriscience integrates its crop sciences with alternative protein research to improve feed formulations. Groupe Limagrain Holding, known for its seed breeding, contributes to the development of high-yielding, nutritious feed crops, driving growth and sustainability in the market.
 

Genetically Modified Feed Market Companies

Top companies operating in the genetically modified feed industry include:

  • BASF SE
  • Bayer AG
  • Syngenta Crop Protection AG
  • Corteva Agriscience
  • Groupe Limagrain Holding
  • KWS SAAT SE & Co. KGaA
  • J.R. Simplot Company
  • Okanagan Specialty Fruits Inc.
  • Stine Seed Company
  • Anderson Exports
  • Tyson Foods
     

Genetically Modified Feed Industry News

  • In December 2021, BASF SE introduced Natupulse TS, a novel enzyme product designed for animal feed. This enzyme, known as ß-mannanase, is a non-starch polysaccharide (NSP) enzyme that reduces digesta viscosity, enhances feed digestibility, and promotes more sustainable production practices. Natupulse TS is offered in both powder and liquid forms, with both versions demonstrating excellent stability throughout storage, during premixing, and under the demanding conditions of the pelleting process.
     
  • In In 2023, Bayer AG announces advancements in gene editing techniques to develop drought-tolerant and disease-resistant crops, aiming to enhance agricultural productivity sustainably.
     

The genetically modified feed market research report includes in-depth coverage of the industry, with estimates and forecasts in terms of revenue and volume (USD Billion) (Kilo Tons) from 2024 to 2032, for the following segments:

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Market, By Source

  • Crops
    •   Corn 
    •   Soybean
    •   Cottonseed
    •   Canola 
    •   Alfalfa
    •   Others (Sugar cane molasses, Safflower, Wheat middlings, sunflower meal)
  • Fruits & Vegetables
    • Papaya
    • Potatoes
    • Eggplant
    • Others (Squash, Tomatoes)

Market, By Form

  • Pellets
  • Crumbles
  • Mash
  • Meal/Cake

Market, By Feed type

  • Roughages
  • Concentrates

Market, By Livestock

  • Poultry
    • Broiler
    • Layer
    • Turkey
    • Others
  • Swine
    • Starter
    • Grower
    • Sow
  • Cattle
    • Dairy
    • Calf
    • Others
  • Aquaculture
    • Salmon
    • Trout
    • Shrimp
    • Carp
    • Others
  • Pet food
    • Dogs
    • Cats
    • Birds
    • Fish
  • Equine
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Genetically modified feed industry size was worth USD 109.62 million in 2023 and will grow at a 5.7% CAGR between 2024 and 2032, driven by the need for enhanced feed efficiency, improved nutritional content, and increased crop yields.

The pellets segment will accumulate USD 69.85 million by 2032, primarily due to their ease of handling, storage, and feeding efficiency.

North America genetically modified feed industry will reach over USD 77.22 million by 2032, propelled by its advanced agricultural infrastructure, high adoption rates of GM crops, and significant livestock production.

Some of the key genetically modified feed industry players are BASF SE, Bayer AG, Syngenta Crop Protection AG, Corteva Agriscience, Groupe Limagrain Holding, KWS SAAT SE & Co. KGaA, J.R. Simplot Company, Okanagan Specialty Fruits Inc., Stine Seed Company, Anderson Exports, and Tyson Foods, among others.

Genetically Modified Feed Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 185
  • Countries covered: 22
  • Pages: 295
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