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Genetically Modified Feed Market Trends

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

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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.

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.