Global Biofortication Market - Upcoming Trends, Growth Drivers and Challenges – Forecast to -2018-2026
Summary -
A new market
study, titled “Global Biofortication Market
- Upcoming Trends,
Growth Drivers and Challenges – Forecast to -2018-2026” has been featured on WiseGuyReports.
Biofortication is a
new and advance concept in which crops are breed to enhance their nutritional
value. It differs from conventional fortification as biofortification
concentrates on generating more nutritious plant foods over the process of
adding nutrients in the foods after food processing.
Demand for high
nutritional content foods increasing funds for agrigenomics technological
advancements ensures strong market growth. Huge use of Biofortification in
yields such as beans, cassava, wheat, corn, sweet potato, rice, and pearl
millet are expected to impel the business growth in the ensuing years. In
addition, enormous application of biofortication in banana, tomato, sorghum,
and barley to enhance their nutritional value will create lucrative growth
avenues for biofortification market in the upcoming years.
Lower awareness
about the benefits of bio fortified crops is the major restraint of the market.
Opportunity is an unregulated environment for biofortification strong market
potential in developing countries. Restriction on the production of genetically
modified crops is a challenge in front of a biofortication market.
The sweet potato
segment, based on crop is projected to account for the largest share of the
biofortification market in 2018.The demand for biofortified crops such as sweet
potato and cassava has increased with the mounting technological advancements
to increase the nutrient content, particularly in orange-fleshed sweet potato
(OFSP). Africa is estimated to be the fastest-growing market in the sweet
potato segment owing to the ease of biofortifying sweet potato with nutrients such
as zinc, iron, and vitamins.
Vitamins segment is
expected to be the fastest growing over the forecast period. Growth in demand
for functional and enriched processed food products, prevalence of vitamin
deficiencies, and feed fortification due to the increasing global meat and
dairy product consumption are driving factors for the biofortification market.
Region-wise, Asia
Pacific is the dominating region in the global Biofortification market and is
likely to remain its domination in the near future. Furthermore,
Biofortification has massive growth potential in farming activities, and it
also improves the nutrition value of food contents. The Biofortification market
in Asia Pacific has expanded significantly over the past five years, and this
trend is expected to continue in the upcoming decade. So, the escalating
consumer demand for high nutritional food ingredients will boost the demand for
biofortified crops in the region, thereby providing momentum to the growth of
biofortification market.
In primary research,
several primary sources from both the supply and demand sides of the market
were interviewed to obtain qualitative and quantitative information. In the
secondary research, various secondary sources for instance Hoovers, Bloomberg
BusinessWeek, and Dun & Bradstreet were referred to, in order to identify
and collect information for this study.
Global
biofortication market report includes PESTLE analysis, competitive landscape,
and Porter’s five force model. Market attractive analysis wherein all the
segments are benchmarked based on the market size, growth rate, and general
attractiveness.
Key players
operating in global biofortication market, Syngenta, DowDuPont, Bayer, BASF,
and Monsanto.
Scope of Global
Biofortication Market
Global Biofortication
Market, by Crop
Sweet Potato
Cassava
Rice
Corn
Wheat
Beans
Pearl Millet
Global
Biofortication Market, by Target nutrient
Zinc
Iron
Vitamins
Global
Biofortication Market, by Region
North America
Europe
Asia Pacific
Middle East and
Africa
South America
Key players
operating in Global Biofortication Market
Syngenta
DowDuPont
Bayer
BASF
Monsanto
Charles River
LemnaTec
Intertek
Agro BioSciences
Inc.
FOR MORE DETAILS : https://www.wiseguyreports.com/reports/3925807-global-biofortication-market-industry-analysis-and-forecast-2018-2026
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