The Global Non-GMO Food market will grow at a CAGR of 15.92 percent over the period 2013-2018.
GMO stands for genetically modified organism, in this the scientist conducts genetic modification of food plants. Scientists remove one or more genes from the DNA of an organism, such as a bacterium, virus, or animal, and recombine them into the DNA of the plant they want to alter or make genetic changes in the DNA of the crops. As a result, crops become intolerant to most of the herbicides and pesticides and even to some of the crop diseases. However, such modification in the genes of the crops and foods has resulted many health and environmental risks. As a result, more consumers in the US, Japan, Europe, Canada, and other nations are demanding non-GMO foods as it is better for their health and has lower environmental risks.
The report covers the present scenario and the growth prospects of the Global Non-GMO Food market for the period 2013-2018. To calculate the market size, the report takes into account revenue generated from retail sales of non-GMO food products.
The report, the Global Non-GMO Food Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Europe, North America, the APAC region, and the ROW; it also covers the Global Non-GMO Food market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Further, the report states that one of the main challenges in this market is the premium pricing of non-GMO grocery and food products, which makes them unaffordable for many global consumers.