Genetically Modified Feed Market - By Type (Crop, Fruits & Vegetables), By Form (Pellets, Crumble, Mash, Meal/cake), By Feed Type(Roughages and Concentrates), By End use (Poultry, Swine, Cattle, Aquaculture, Pet Foods, Equine) & Global Forecast, 2022- 2030

Genetically Modified Feed Market - By Type (Crop, Fruits & Vegetables), By Form (Pellets, Crumble, Mash, Meal/cake), By Feed Type(Roughages and Concentrates), By End use (Poultry, Swine, Cattle, Aquaculture, Pet Foods, Equine) & Global Forecast, 2022- 2030

Genetically Modified Feed Market Size

Genetically Modified Feed Market size registered over USD 85 billion in 2021. Propelled by the expansion of the animal feed sector, the industry is expected to grow at a CAGR of over 5.5% between 2022 and 2030.

To get key market trends

  Download Free Sample

Genetically modified feeds are rich in nutrients and quality and are mostly fed to cattle and animals to make them healthy and nutritive. A recent surge in customer preference for meat products will drive market growth. GMO feed is highly monitored by governments across countries to maintain the quality of the process of cultivating and integrating the product. For instance, the U.S. Food and Drug Administration, which is the primary regulatory organization responsible for guaranteeing the safety of GMO and non-GMO food for animals in the country, has tasked the Center for Veterinary Medicine with managing this responsibility.
 

What are the growth opportunities in this market?

 Download Free Sample

Recently, the FDA has approved AquAdvantage Salmon and GalSafe pig for sale to consumers. Subsequently, the mounting availability of safe products is facilitating genetically modified feed market progress. Burgeoning demand for food in developing and underdeveloped countries will also impel industry expansion. Firms are indulging in strategic collaborations and acquisitions to introduce new product ranges and expand their business standing in varied nations.

Government regulations may restrain industry progression

Stringent government regulations focusing on the penetration of non-GMO crops in food processing are a major cause restraining market growth. As government authorities are closely monitoring the production process and controlling the supply and penetration of these products, the industry often witnesses backlash on expanding the business beyond local markets. Nonetheless, increasing demand for the use of GMO crop-based feed due to its low cost will encourage manufacturers to focus on innovating crop feeds.

Genetically Modified Feed Market Analysis

Learn more about the key segments shaping this market

 Download Free Sample

In terms of source, the genetically modified feed market is divided into crops (corn, soybean, canola, cottonseed, alfalfa) and fruits & vegetables (papaya, potatoes, eggplant). The crops segment was valued at more than USD 80 billion in 2021 and is projected to generate over USD 130 billion by 2030. The cultivation and adoption of genetically modified crops by farmers, especially in North America, are key contributors to the global market expansion . Additionally, low prices of pesticides and crop protection agents to maintain these crops during farming encourage farmers to adopt GMO crops, thereby promoting GMO feed outreach.

Learn more about the key segments shaping this market

 Download Free Sample

With respect to form, the genetically modified feed market is categorized into pellets, crumbles, mash, and meal or cake. The GMO feed market from the pellets segment is estimated to cross 150 million tons by 2030. The burgeoning production of pellets due to the constantly increasing demand in poultry applications drives the growth of the pellets form segment globally

Looking for region specific data?

 Download Free Sample

Based on feed type, the industry is classified into roughages and concentrates. The GMO feed market from the concentrates segment was valued at over USD 45 billion in 2021 and is forecast to exceed USD 70 billion by 2030. Concentrates provide nutrients that forage cannot and are a highly economical source of nutrients compared to any other type of feed. This benefit of concentrates encourages manufacturers to adopt this feed type heavily, which also promotes the demand for GMO feed across varied segments.

Based on application, the genetically modified feed market is segregated into poultry (layer, broiler, turkey), swine (grower, starter, sow), cattle (calf, dairy), aquaculture (salmon, shrimp, trout, carp), pet foods (dogs, cats, birds, fish), and equine. The poultry segment is set to witness sizable growth at over 5.5% CAGR through the assessment timeline. The rising demand for bird-based products in various regions of the world will foster the development of the poultry industry and thus, elevate the demand for poultry feed, which facilitates the growth of the poultry application.

Regionally, the global genetically modified feed market is segmented into Europe, Asia Pacific, North America, the Middle East & Africa, and Latin America. The North American industry is primed to grow at a CAGR of over 5.5% through the analysis period. The region consists of a huge number of genetically modified crop cultivation sites and feed manufacturing industries that accelerate the penetration of safe food and focus majorly on animal husbandry. These factors will enable the region to remain prominent in the global market. 

Another region that may emerge as a prominent revenue hub is the Middle East & Africa. The MEA region consistently offers new technological developments, high demand for meat-based products, and provides immense opportunities in the field of feed production. The MEA GMO feed market is slated to progress at more than 6% CAGR over 2022-2030.

Genetically Modified Feed Market Share

• DuPont
• Dow
• BASF
• Bayer
• Syngenta
• Monsanto

are some of the key genetically modified feed market players. These companies majorly focus on product innovation and engage in acquisitions and collaborations to strengthen their business standing, thereby fueling the overall market progress. For instance, in June 2021, Syngenta, an agricultural science and technology expert, through its vegetable seeds subsidiary business completed the acquisition of seed producing company Verisem BV. This acquisition was in line with the firm’s expansion efforts through the diversification of production and product offerings. Additionally, this strategy helped the company take new initiatives in vegetable seed innovations.

COVID-19 Impact

The COVID-19 pandemic posed a threat to the industry outlook. Since governments were primarily focused COVID-19 vaccine approvals, the GMO feed innovations were either stalled or delayed in getting approval, disrupting the supply chain. Many farmers witnessed the lowest incomes during this phase, which restricted their access to seeds. However, as GMO feed requires lesser amounts of pesticides and is budget-friendly, in the post-pandemic phase, regions such as Kenya, Ghana, and Bangladesh that hit an all-time low in food availability opted for these feeds. The easy production of crops and fruits with GM feeds shall bolster product adoption. Furthermore, with declining COVID-19 cases and the easing of lockdown restrictions, the genetically modified feed market is gradually regaining its pre-COVID growth momentum.

The GMO Feed market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Thousand Tons and revenue in USD Millions from 2018 to 2030 for the following segments

Click here to Buy Section of this Report

By Source

• Crops
  • Corn
  • Soybean
  • Cottonseed
  • Canola
  • Alfalfa
  • Others
• Fruits & Vegetables
  • Papaya
  • Potato
  • Eggplant
  • Others

By Form

• Pellets
• Crumbles
• Mash
• Meal/Cake

By Feed Type

• Roughages
• Concentrates

By Application

• Poultry
  • Layer
  • Broiler
  • Turkey
  • Others
• Swine
  • Grower
  • Starter
  • Sow
• Cattle
• Dairy
  • Calf
  • Others
• Aquaculture
  • Carp
  • Trout
  • Salmon
  • Shrimp
  • Others
• Pet food
  • Dogs
  • Cats
  • Birds
  • Fish
• Equine
• Others

The above information is provided on a regional and country basis for the following

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Malaysia
  • Thailand
• Latin America
  • Mexico
  • Argentina
  • Brazil
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa