DUBLIN–(BUSINESS WIRE)–Report “Biofortification Market – Forecast 2022 to 2027” has been added to from ResearchAndMarkets.com offer.
Increase in demand for foods with high nutritional value
The biofortification market is driven by factors such as growing demand for foods with high nutritional value and soaring consumer health consciousness due to health issues including nutritional deficiencies and malnutrition. According to Forbes, by 2050 the world’s population is expected to reach 9.7 million people, which will require a 70% increase in global food production over the next 30 years to feed everyone. The global biofortification market is benefiting from increasing technological improvements along with greater investments in agricultural growth. The demand for biofortification is expected to increase in response to rising rates of nutritional deficiencies and the number of malnourished children. Due to the growing demand, the global biofortification market is expected to rise over the projected period.
Lack of knowledge on biofortification
However, a lack of knowledge regarding the benefits of biofortified crops is expected to stifle the expansion of the biofortification market. Numerous restrictions placed on the production of genetically modified crops have the potential to hamper the growth of the biofortification market. The diversity of traits in the primary, secondary or tertiary gene pools of the chosen crop is necessary for biofortification, which limits diversity.
By crop sourcing, the biofortification market can be segmented into sweet potato, corn, wheat, cassava, rice, beans, pearl millet, and others.
The sweet potato category accounts for a large market share due to the expansion of technical breakthroughs to increase nutritional value. The demand for biofortified crops such as orange-fleshed sweet potato and cassava has increased due to the requirement for high carbohydrate content in the human diet.
By nutrient type, the biofortification market can be segmented into iron, amino acids, zinc, vitamins and others.
The iron and vitamins segments are expected to hold significant market shares. Vitamins are used in the animal nutrition sector as food supplements and additives. The increased demand for good quality meat contributes to the growing demand for the vitamin segment.
By technique, the biofortification market can be segmented into biotechnology, conventional crop breeding techniques, and agronomy. Agronomy includes the application of minerals like zinc or iron as foliar or soil applications depending on management and plant characteristics and soil variables to increase the number of critical micronutrients in plants.
By geography, the biofortification market can be segmented into Asia-Pacific, North America, Middle East & Africa, South America, and Europe. Jhe biofortification market is dominated by the Asia-Pacific region owing to the transformation of agriculture and improved nutritional value of food in the region. Agrarian countries like China and India have greatly expanded the market potential of biofortification. North America is also expected to experience rapid growth over the projected period.
Main topics covered:
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market factors
4.2. Market constraints
4.3. Porter’s Five Forces Analysis
4.4. Industry Value Chain Analysis
5. BIOFORTIFICATION MARKET, BY CROP SUPPLY
5.8. Pearl millet
6. BIOFORTIFICATION MARKET, BY NUTRIENT TYPE
6.3. The iron
6.5. Amino acids
7. BIOFORTIFICATION MARKET, BY TECHNIQUE
7.2. Conventional plant breeding
8. BIOFORTIFICATION MARKET, BY GEOGRAPHY
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Key Players and Strategic Analysis
9.2. Emerging players and market profitability
9.3. Mergers, acquisitions, agreements and collaborations
9.4. Supplier Competitiveness Matrix
The Mauro Seed Company
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