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Biofortification Market - Global Industry Analysis

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

Published Date: 24-Sep-2020 Category: Food & Beverage Report Format : PDF Pages: 110 Report Code: ZMR-3717 Status : Published

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

Description

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

Global Biofortification Market: Overview

Biofortification is another way by which crops are breed to upgrade their healthy benefit. It varies from customary fortress as Biofortification focuses on creating progressively nutritious plant sustenance’s over the way toward including supplements in the nourishments.

Biofortification is a new concept in which crops are breed to enhance their nutritional value. It differs from conventional fortification as Biofortification concentrates on producing more nutritious plant foods over the process of adding nutrients in the foods after food processing. In fact, Biofortification is a strategy that deals with micronutrient deficits across the emerging economies. Biofortification uses three methods, namely, selective breeding, seed priming, and genetic modification to enhance the nutritional value of the food in plants

Global Biofortification Market: Growth Factors

Increase in capital funding for agronomic activities and technological advancements are anticipated to spur the growth trends for Biofortification market in the coming years. Massive use of Biofortification in yields such as beans, wheat, corn, sweet potato, cassava, rice, and pearl millet are anticipated to impel the business growth in the ensuing years. In addition enormous application of Biofortification in tomato, banana, sorghum, and barley to enhance their nutritional value will create lucrative growth avenues for Biofortification market in the forthcoming years. Micronutrient deficiency most commonly affects the population in the developing regions and most of the people in these economies are affected due to iron, zinc, and vitamin A deficiencies. However, Biofortification enhances the micronutrient proportions in staple foods and helps in reducing the micronutrient deficiencies in population and mostly children. This, in turn, has produced huge demand for Biofortification in the emerging economies. In addition, Biofortification is inexpensive and the costs of implementation of cultivating biofortified foods are negligible. This, in turn, will further drive Biofortification market revenue in the coming years. With growing demand for food with high nutritional content for improving the physical as well as intellectual growth in children will catapult Biofortification market size over the next few years.

Global Biofortification Market: Segmentation

The global Biofortification market can be divided based on Crop and Target Nutrient. Based on the crop, the market can be segmented into sweet potato, pearl millet, cassava, wheat, rice, beans, and corn. On the basis of target nutrient, the market can be divided into zinc, vitamins, and iron.

Global Biofortification Market: Regional Analysis

Based on regions, the global Biofortification market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Asia Pacific is the dominating region in the global Biofortification market and is likely to continue its domination in the near future. In addition, Biofortification has massive growth potential in farming activities, and it also enhances the nutrition value of food contents. The Biofortification market in APAC has expanded significantly over the past five years, and this trend is expected to continue in the coming decade. Thus, the escalating consumer demand for high nutritional food ingredients will propel the demand for biofortified crops in the region, thereby providing momentum to the growth of Biofortification market.

North America and European markets have huge growth potential. Introduction of new technologies in farming activities in countries such as the U.S, Canada, Mexico, UK, Germany, and France have contributed notably towards the growth of the regional markets.

The Middle East and Africa and Latin American markets are likely to register massive growths in the coming years.

Global Biofortification Market: Competitive Players

Some of the most prominent players of Biofortification market include Syngenta, Bayer, BASF SE, and DowDuPont among others.

Global Biofortification Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.1.Report Scope
  • Chapter 2.Research Methodology
    • 2.1.Research Methodology
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modelling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Biofortification Market, 2016 – 2026 (USD Million)
    • 3.2.Global Biofortification Market: Snapshot
  • Chapter 4.Biofortification Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.Driving Factor 1 Analysis
      • 4.2.2.Driving Factor 2 Analysis:
    • 4.3.Market Restraints
      • 4.3.1.Restraining Factor Analysis
    • 4.4.Market Opportunities
      • 4.4.1.Market Opportunity & Use-case Analysis
      • 4.4.2.Use – Cases for Biofortification
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
      • 4.6.1.1.Impact on Product Development and Technology Adoption
      • 4.6.1.2.Gap Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Biofortification Market Attractiveness, By Crop
    • 5.2.Global Biofortification Market Attractiveness, By Target Nutrient
    • 5.3.Global Biofortification Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Biofortification Market: Company Market Share, 2019
    • 6.2.Strategic Developments
    • 7.1.Global Biofortification Market Overview: By Crop
      • 7.1.1.Global Biofortification Market Revenue Share, By Crop, 2019 & 2026
    • 7.2.Global Biofortification Market Analysis/Overview – By Crop
      • 7.2.1.Sweet Potato – Overview/Analysis
      • 7.2.2.Pearl Millet – Overview/Analysis
      • 7.2.3.Cassava – Overview/Analysis
      • 7.2.4.Wheat – Overview/Analysis
      • 7.2.5.Rice – Overview/Analysis
      • 7.2.6.Beans – Overview/Analysis
      • 7.2.7.Corn – Overview/Analysis
    • 7.3.Sweet Potato
      • 7.3.1.Global Biofortification Market for Sweet Potato, Revenue (USD Million) 2016 - 2026
    • 7.4.Pearl Millet
      • 7.4.1.Global Biofortification Market for Pearl Millet, Revenue (USD Million) 2016 - 2026
    • 7.5.Cassava
      • 7.5.1.Global Biofortification Market for Cassava, Revenue (USD Million) 2016 - 2026
    • 7.6.Wheat
      • 7.6.1.Global Biofortification Market for Wheat, Revenue (USD Million) 2016 - 2026
    • 7.7.Rice
      • 7.7.1.Global Biofortification Market for Rice, Revenue (USD Million) 2016 - 2026
    • 7.8.Beans
      • 7.8.1.Global Biofortification Market for Beans, Revenue (USD Million) 2016 - 2026
    • 7.9.Corn
      • 7.9.1.Global Biofortification Market for Corn, Revenue (USD Million) 2016 - 2026
    • 8.1.Global Biofortification Market Overview: By Target Nutrient
      • 8.1.1.Global Biofortification Market Revenue Share, By Target Nutrient, 2019 & 2026
    • 8.2.Global Biofortification Market Analysis/Overview – By Target Nutrient
      • 8.2.1.Zinc – Overview/Analysis
      • 8.2.2.Vitamins – Overview/Analysis
      • 8.2.3.Iron – Overview/Analysis
    • 8.3.Zinc
      • 8.3.1.Global Biofortification Market for Zinc, Revenue (USD Million) 2016 - 2026
    • 8.4.Vitamins
      • 8.4.1.Global Biofortification Market for Vitamins, Revenue (USD Million) 2016 - 2026
    • 8.5.Iron
      • 8.5.1.Global Biofortification Market for Iron, Revenue (USD Million) 2016 - 2026
  • Chapter 9.Biofortification Market – Regional Analysis
    • 9.1.Global Biofortification Market: Regional Overview
      • 9.1.1.Global Biofortification Market Revenue Share, by Region, 2019 & 2026
      • 9.1.2.Global Biofortification Market Revenue, by Region, 2016 – 2026 (USD Million)
    • 9.2.North America
      • 9.2.1.North America Biofortification Market Revenue, 2016 - 2026 (USD Million)
      • 9.2.2.North America Biofortification Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 9.2.3.North America Biofortification Market Revenue, By Crop, 2016 – 2026
      • 9.2.4.North America Biofortification Market Revenue, By Target Nutrient, 2016 – 2026
      • 9.2.5. U.S.
      • 9.2.6.Canada
    • 9.3.Europe
      • 9.3.1.Europe Biofortification Market Revenue, 2016 - 2026 (USD Million)
      • 9.3.2.Europe Biofortification Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 9.3.3.Europe Biofortification Market Revenue, By Crop, 2016 – 2026
      • 9.3.4.Europe Biofortification Market Revenue, By Target Nutrient, 2016 – 2026
      • 9.3.5.Germany
      • 9.3.6.France
      • 9.3.7.U.K.
      • 9.3.8.Italy
      • 9.3.9.Spain
      • 9.3.10.Rest of Europe
    • 9.4.Asia Pacific
      • 9.4.1.Asia Pacific Biofortification Market Revenue, 2016 - 2026 (USD Million)
      • 9.4.2.Asia Pacific Biofortification Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 9.4.3.Asia Pacific Biofortification Market Revenue, By Crop, 2016 – 2026
      • 9.4.4.Asia Pacific Biofortification Market Revenue, By Target Nutrient, 2016 – 2026
      • 9.4.5.China
      • 9.4.6.Japan
      • 9.4.7.India
      • 9.4.8.South Korea
      • 9.4.9.South-East Asia
      • 9.4.10.Rest of Asia Pacific
    • 9.5.Latin America
      • 9.5.1.Latin America Biofortification Market Revenue, 2016 - 2026 (USD Million)
      • 9.5.2.Latin America Biofortification Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 9.5.3.Latin America Biofortification Market Revenue, By Crop, 2016 – 2026
      • 9.5.4.Latin America Biofortification Market Revenue, By Target Nutrient, 2016 – 2026
      • 9.5.5.Brazil
      • 9.5.6.Mexico
      • 9.5.7.Rest of Latin America
    • 9.6.The Middle-East and Africa
      • 9.6.1.The Middle-East and Africa Biofortification Market Revenue, 2016 - 2026 (USD Million)
      • 9.6.2.The Middle-East and Africa Biofortification Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 9.6.3.The Middle-East and Africa Biofortification Market Revenue, By Crop, 2016 – 2026
      • 9.6.4.The Middle-East and Africa Biofortification Market Revenue, By Target Nutrient, 2016 – 2026
      • 9.6.5.GCC Countries
      • 9.6.6.South Africa
      • 9.6.7.Rest of Middle-East Africa
  • Chapter 10.Company Profiles
    • 10.1.Syngenta
      • 10.1.1.Company Overview
      • 10.1.2.Financial Overview
      • 10.1.3.Product Portfolio
      • 10.1.4.Business Strategy
      • 10.1.5.Recent Developments
    • 10.2.Bayer
    • 10.3.BASF SE
    • 10.4.DowDuPont

Methodology


Frequently Asked Questions

Increase in capital funding for agronomic activities and technological advancements are anticipated to spur the growth trends for Biofortification market in the coming years. Massive use of Biofortification in yields such as beans, wheat, corn, sweet potato, cassava, rice, and pearl millet are anticipated to impel the business growth in the ensuing years.

According to Zion Market Research, global demand for Biofortification market 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.

Asia Pacific is the dominating region in the global Biofortification market and is likely to continue its domination in the near future. In addition, Biofortification has massive growth potential in farming activities, and it also enhances the nutrition value of food contents.

Some main participants of the Biofortification market are Syngenta, Bayer, BASF SE, and DowDuPont among others.

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