What Is The Current and Historic Market Size Analysis Of The Genetically Modified Fruits Market?
The genetically modified fruits market has seen considerable growth due to a variety of factors.
• In recent years, the genetically modified fruits market has seen a significant expansion. The market, which was valued at $0.08 billion in 2024, is expected to rise to $0.09 billion in 2025, showing a compound annual growth rate (CAGR) of 12.2%. The notable growth seen during the historical period is due to factors such as enhanced crop production, resistance to pests and diseases, a longer shelf life, increased nutritional benefits, and adaptability to changing weather conditions.
What Are The Predictions for The Genetically Modified Fruits Market in the Coming Years?
The Genetically Modified Fruits market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of genetically modified fruits is anticipated to experience swift expansion in the coming years, reaching $0.14 billion by 2029 at a compound annual growth rate (CAGR) of 12.7%.
This projected increase in the forecast period is attributable to investments in R&D, modifications in regulations and market approvals, consumer receptivity and inclinations, sustainability, and resource potency, along with adaptability to climate. Trends forecasted to emerge during this period include breakthroughs in biotechnology, improved sustainability and resource efficiency, enriched nutritional content, prolonged durability, consumer knowledge and acceptance, as well as shifts in regulatory policies and directives.
Which Drivers Are Accelerating Growth In The Genetically Modified Fruits Market?
The surging international requirement for food is playing a substantial role in driving the genetically modified fruits sector's expansion. The worldwide requirement for food is surging, primarily attributed to the growing populace and degradation of natural resources. It's imperative to ensure food security for the burgeoning population through renewable food production methods. Harsh weather and pest infestations force most countries to rely on food imports, making food security seem an uphill task. Nevertheless, achieving food security is made less demanding by the increased yields and weather resilience of genetically modified crops. For instance, IMF, a US-based monetary organization, estimated in December 2022 that supporting the disadvantaged households in the 48 nations most affected by the escalated import costs of food and fertilizer necessitates an additional expenditure of $5 billion to $7 billion. It would require an extra $50 billion to eradicate severe food insecurity. Therefore, the growing demand for food is contributing significantly to the expansion of the genetically modified fruits market.
What Are The Core Segments Of The Global Genetically Modified Fruits Market?
The genetically modified fruits market covered in this report is segmented –
1) By Type: Vegetables, Crops, Fruits, Animal Products
2) By Trait: Herbicide Tolerance (HR), Insect Resistance (IR), Stacked Traits (ST)
3) By Application: Poultry, Swine, Cattle, Dairy, Aquaculture, Pet Food, Equine, Other Applications
Subsegments:
1) By Vegetables: Leafy Vegetables, Root Vegetables, Cruciferous Vegetables, Other Vegetables
2) By Crops: Cereals, Legumes, Oilseeds
3) By Fruits: Apples, Bananas, Tomatoes, Citrus fruits, Berries
4) By Animal Products: Genetically Modified Fish, Genetically Modified livestock, Dairy Products
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Which Emerging Trends Are Reshaping The Genetically Modified Fruits Market Size?
Key businesses in the genetically modified fruits marketplace are concentrating on making strategic investments to enhance their long-term growth. For example, Inari, a seed gene editing start-up based in the US, managed to secure a Series E round investment of $124 million in October 2022. With these additional resources, Inari intends to speed up its product development process with the aim of achieving commercialization.
Who Are the Key Players In The Genetically Modified Fruits Market?
Major companies operating in the genetically modified fruits market include:
• BASF SE
• Bayer AG
• Syngenta Crop Protection AG
• Sakata Seed America Inc.
• DuPont de Nemours Inc.
• Groupe Limagrain Holding SA
• KWS SAAT SE & Co. KGaA
• J.R. Simplot Company
• Stine Seed Company LLC
• Dow Inc.
• Agritope Inc
• US Department of Agriculture
• Okanagan Specialty Fruits Company
• Huazhong Agricultural University
• Institute of Microbiology CAS
• Cornell University and the University of Hawaii
• University of Florida
• Bioheuris
• Bioprime Agrisolutions
• JKAgri Genetics Ltd
• Maharashtra Hybrid Seed Company
• Calyxt Inc
• Bioceres S.A
• Beijing DaBeiNong Biotechnology Co. Ltd
• Bejo Zaden BV
• Intrexon
What Are The Regional Insights Into The Genetically Modified Fruits Market?
North America was the largest region in the genetically modified fruits market in 2024. Asia-Pacific is expected to be the fastest-growing region in the genetically modified fruits market share during the forecast period. The regions covered in the genetically modified fruits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
