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Genetically Modified Feed Market Analysis

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

Genetically Modified Feed Market Analysis

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.
 

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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