Report Projects Boost in Demand from GM Food Market in Upcoming Years

The global genetically modified food market size is valued at $112.8 billion in 2024 and is projected to exhibit a growth rate of 7.2% to achieve $196.7 billion by 2032. These data are provided by USD Analytics in their latest growth report.

The report highlights the following findings:

• The increasing market value of GM food is attributed to the demand for sustainable agricultural practices and food security solutions amidst massive global challenges.
• More opportunities for growth of the GM food market could be driven by consumer education and transparency efforts to build trust and confidence in GM foods.
• GM crops contribute to the largest segment in the GM food market attributed to their wide adoption in various industries.
• The stacked traits segment was identified as the fastest-growing segment in the GM food market driven by its ability to provide multiple beneficial traits in a single crop variety.
• As the demand for GM maize continues to grow to meet the evolving agricultural and food needs, the maize segment continues to hold the largest and most indispensable category in the GM food market.