24-Sep-2020 | Zion Market Research
According to the report published by Zion Market Research, global demand for biofortification market was valued at approximately USD 80 Million in 2019, and is expected to generate revenue of around USD 124.5 Million by end of 2026, growing at a CAGR of around 8.9% between 2020 and 2026. The development of the biofortification market is boosted by the technological advancements and increase in funds for agronomic practices. Biofortified crops considered by Zion Market Research are cassava, sweet potato, corn, rice, beans, wheat, pearl millet, and others such as banana, tomato, barley, and sorghum.
Major players active in the global market are DowDuPont, BASF, Bayer, and Syngenta. They are aiming on elevating their existence via expansions and acquisitions and designing goods specific to user likings. These firms have a solid attendance in Africa and Asia Pacific.
Biofortified Sweet Potato By Crop Predicted To Rule The Biofortification Market In The Coming Years
The sweet potato category is predicted to have the biggest share of the biofortified crop market in 2025. The requirement for biofortified crops such as cassava and sweet potato has elevated with the increasing technological enhancements to elevate the nutrient value, specifically in OFSP (orange-fleshed sweet potato). Sweet potato has been an essential source of power in the human meals for years due to its high carbohydrate level. On the other hand, its vitamin A level from carotene was recognized only recently. Employing biofortification, breeding of sweet potato in Africa is aimed at sweeter taste, higher yields, and higher dry matter, which elevate its carotene level.
Vitamins Category By Target Nutrient Predicted To Be The Quickest-Developing Segment During The Forecast Period In The Biofortification Market
Based on target nutrient, the global biofortification market is divided into vitamins, zinc, iron, and others. The vitamins category is the quickest-developing target nutrient in the global market. The requirement for biofortified crops is rising owing to the rising requirement for high nutrient value in food. The increasing requirement for vitamins in premixes or as feed additives from the animal nutrition sector has also been an important factor accountable for the rise in the requirement for vitamins all over the globe.
Rising Requirement For Biofortification Of Crops In The Asia Pacific Areas To Power The Development Of The Biofortification Market
Based on region, the biofortification market is divided into Asia Pacific, Latin America, and Africa. The Asia Pacific is expected to rule the global market all over the coming years. This is due to the fact that biofortification of food crops has solid development potential in agriculture and also enhances the nutrition value in food. The global market has developed significantly over the past years, and this fashion is predicted to carry on in the coming future. The increasing user requirement for high nutritional value in food is expected to power the requirement for biofortified crops, all over the world.
Browse the full “Biofortification Market Crop (Potato, Pearl Millet, Cassava, Wheat, Rice, Beans, and Corn), Target Nutrient (Zinc, Vitamins, and Iron): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/biofortification-market
The global biofortification market is segmented as follows:
By Target Nutrient
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