Genetically Modified Feed Market Size

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.

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 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.