The global non-genetically modified organisms food market is expected to witness significant growth over the next seven years owing to increase in the number of health conscious consumers. Genetically modified organisms (GMO) food products consumption has led to fatal diseases in individuals including gastrointestinal disorders, cancer, organ damage and infertility. Rising awareness in masses towards negative implications caused by consumption of genetically-modified food products is expected to be a major cause of preferential shift towards non-GMO food products over the forecast period.
The North American non–GMO food market is anticipated to witness remarkable growth owing to the unique benefits associated with the products, such as its eco-friendly nature and minimal chemical usage during production. Rising consumer awareness about the benefits of engineered or non-GMO products intake is anticipated to fuel the North America market in the forecast period.
The natural, organic and healthy non-GMO cereals is anticipated to witness a decent surge in demand over the forecast period, owing to their high demand as a breakfast cereal, most notably in countries including the U.S., Canada, Germany, and Japan, among people of all age groups.
The global non-genetically modified organisms food market is highly diversified and competitive, owing to the existence of a large number of international companies across the globe. Some of the challenges that companies come across in this industry include changes in consumer tastes, local, economic conditions, and demographic trends. Furthermore, the premium pricing of non-GMO food products is measured as one of the major challenges for the industry growth.
Major players in the global non-GMO food market are Hain Celestial, Amy's Kitchen, Organic Valley, and Nature's Path Foods Other prominent vendors in the market include United Natural Foods, Beijing Green Yard Development, Albert's Organics Chiquita Brands, Shanghai Green Life Agri-Tech Company, Shanghai Food, YMT Organic Farm and Vert Living Natural Market.
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The demand for packaged and processed foods is expected to increase owing to their longer shelf life. Furthermore, manufacturers are closely monitoring the product supply to major retailers through specialized communication channels in order to improve restocking. In addition, processed food manufacturers have urged the packaging raw material suppliers as well as contract packers to ensure a steady flow of goods during the lockdown related to COVID-19. The report will account for Covid19 as a key market contributor.