Non-GMO Foods Market to reach USD 10353.9 Bn at a CAGR of 11.07 percent- Says Stellar Market Research

PUNE, India, July 23, 2024 /PRNewswire/ -- Non-GMO Foods Market was valued at USD 714.1 Bn in 2023 and is expected to grow at 11.07 percent CAGR through the forecast period by reaching nearly USD 10353.9 Bn. The increasing inclination towards purchasing sustainable food on account of rapid urbanization and the growing purchasing power of consumers represents one of the major factors driving the demand for non-GMO food products globally.

Global Non-GMO Foods Market 2023-2030: Key Highlights:

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• Past Market Size and Competitive Landscape (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024−2030
• Non-GMO Foods Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Non-GMO Foods Market Segmentation – A detailed analysis by Type, Distribution channel, and Region
• Competitive Landscape – Profiles of selected key players by region in a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

Non-GMO Foods Market Segmentation

By Type

• Cereals & Grains
• Fruits and Vegetables
• Meat & Poultry Products
• Others

By Distribution Channel

• Hypermarkets/Supermarkets
• Speciality Stores
• Online Retail Stores
• Others

Detailed segmentation values for each segment and explanations for growth are provided in the final report.

The Cereal & Grains Segment is expected to dominate during the forecast period.

Demand for cereals and grains has increased significantly where people are becoming more sensitive of their health and the possible advantages of consuming non-GMO products. A significant amount of the non-GMO food market in the United States is made up of non-GMO cereals with about 1,600 cereal and breakfast food products receiving non-GMO Project verification. With this certification, consumers can be sure that these items either contain no or very little GMOs. Leading non-GMO cereal companies, such as Kashi and Cascadian Farms, provide a variety of breakfast cereals free of GMOs to meet the needs of consumers who are health-conscious. Companies are also innovating to fulfill this desire. For example, Blue Diamond Growers introduced new dairy- and gluten-free baking mixes and dessert cups made with almond flour.

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The Hypermarket/Supermarket to is expected to be the largest during the forecast period.

The vast reach of hypermarkets and supermarkets, along with the convenience they provide to customers, guarantee improved brand visibility and a large selection of products. It is expected that the trend of purchasing from supermarkets and hypermarkets would continue due to the availability of these stores and the growing demand for food options that are health-conscious. Supermarkets and hypermarkets offer cutting-edge shopping experiences in addition to a huge collection. For instance, "conversational commerce," in which consumers purchase using voice and chat, has been made possible by Walmart's acquisition of Botmock's technological assets. In addition, by guaranteeing transparency and food safety, technology innovations like blockchain for food traceability enhance consumer trust.

The Asia Pacific region is expected to grow fastest during the forecast period.

Asia-Pacific is experiencing the most rates of urbanization in the world, with a yearly rise in urban population of about 3%. The need for safer and healthier food options, especially non-GMO products, is increasing due to growing cities. In addition, the demand for non-GMO products has increased due to the growth in food allergies, with rates rising by 50%.  Approximately 73% of Chinese consumers favor non-GMO food, indicating a significant shift in the country's dietary patterns. The food retail industry is heavily dependent on advances in technology and improvements in infrastructure. Retailers also heavily utilize e-commerce platforms, and online food and grocery sales have grown by 15% yearly in the region thanks to high growth in internet and mobile penetration. Government initiatives supporting food safety and sustainable agriculture have helped the market for non-GMO foods flourish.

Competitive landscape

The Non-GMO foods market is highly competitive with the key players including The Hain Celestial Group, Inc., General Mills, Inc., Cargill Inc., Nestle S.A., Amy's Kitchen, Inc., Nature's Path Foods, Inc., Stonyfield Farm, Inc., Organic Valley, WhiteWave Foods Company, United Natural Foods, Inc. among others.

Browse Adjacent Market:  Non-GMO Foods Market Research Reports & Consulting Related Reports:

Lactose Powder Market: The Market size was valued at USD 2.44 Bn. in 2023 and the Lactose Powder revenue is expected to grow at a CAGR of 5.6% from 2024 to 2030, reaching nearly USD 3.57 Bn. by 2030.

Functional Ice Cream Market: The market size was valued at USD 235 Mn. in 2023 and the total Functional Ice Cream revenue is expected to grow at a CAGR of 7.45% from 2024 to 2030, reaching nearly USD 388.61 Mn. by 2030.

Plant Based Protein Market: The market size was valued at USD 14.88 Bn. in 2023 and the total Plant Based Protein Market size is expected to grow at a CAGR of 7.83% from 2024 to 2030, reaching nearly USD 25.22 Bn. by 2030.

Calf Milk Replacers Market: The market size was valued at USD 3.66 Bn. in 2023 and the Calf Milk Replacers revenue is expected to grow at a CAGR of 6.85% from 2024 to 2030, reaching nearly USD 5.82 Bn. by 2030.

Plant-based beverages Market: The market size was valued at US$ 19.39 Bn. in 2023. The global Plant-based Beverage Market is estimated to grow at a CAGR of 12.2% over the forecast period.

Vegan Food Market: The market size was valued at US$ 18.44 Bn in 2023. Global Vegan Food Market is estimated to grow at a CAGR of 9.2% over the forecast period.

Non-Dairy Cheese Market: The market size was valued at USD 2.70 Bn. in 2023 and the total Non-Dairy Cheese Market size is expected to grow at a CAGR of 14% from 2024 to 2030, reaching nearly USD 6.74 Bn. by 2030.

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