Bioengineered Foods Market Scope
Genetically modified foods are food derived from organisms, plants, or animals whose genetic structure has been altered so that it doesn’t seem natural. For instance, the introduction of another genetic material from another organism of the same species is called genetic modification. These attributes are what is driving the market forward over the years, and this is expected to continues even after the forecast period.
The market study is being classified by Type (Vegetables, Fruits, Crops and Others), by Application (Animal Feed, Proteins, Livestock and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Bioengineered Foods market throughout the predicted period.
Bayer AG (Germany), BASF SE (Germany), Syngenta AG (Switzerland), The Dow Chemical Company (United States), DuPont de Nemours, Inc.(United States), Groupe Limagrain (France) and KWS SAAT SE & Co. KGaA (Germany) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Bioengineered Foods market by Type, Application and Region.
On the basis of geography, the market of Bioengineered Foods has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Health Canada and the Canadian Food Inspection Agency (CFIA) share the responsibility for food labelling policies under the Food and Drugs Act. Health Canada's responsibilities for food labelling fall within the Department's mandate to safeguard health and safety, while CFIA leads the federal program to develop general food labelling policies and regulations. In particular, the CFIA is responsible for protecting consumers from misrepresentation and fraud with respect to food labelling, packaging and advertising, and for prescribing basic food labelling and advertising requirements.
- Genetically modified foods have many health benefits attributed to consumption
- The demand for bioengineered food is increasing due to its various benefits such as less use of pesticides
- Rising concerns regarding the nutritive value of food
- Adverse health effects of bioengineered food such as the development of cancer
Key Target AudienceBioengineered Foods Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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