The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s genetically modified animal products market report forecasts the genetically modified animal products market size to grow to $0.05 billion by 2027, with a CAGR (compound annual growth rate) of more than 11%.

Learn More On The Genetically Modified Animal Products Market Report 2023 – https://www.thebusinessresearchcompany.com/report/genetically-modified-animal-products-global-market-report

Genetically Modified Animal Products Market Size Forecast

The global genetically modified animal products market size is expected to grow from $0.03 billion in 2022 to $0.03 billion in 2023 at a compound annual growth rate (CAGR) of 13.16%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global genetically modified animal products market size is expected to reach $0.05 billion in 2027 at a CAGR of 11.07%.

North America held the largest genetically modified animal products market share in 2022.

Key Genetically Modified Animal Products Market Driver ­– Increasing Bioengineered Food Production

In 2022, according to an article published by the United States Department of Agriculture, a US department responsible for agriculture regulations, stated that currently over 90% of corn, upland cotton, and soybeans grown in the United States are genetically modified varieties in the categorizes GE crops as herbicide-tolerant (HT), insect-resistant (BT), or stacked varieties that combine both HT and Bt traits. Therefore, the increasing bioengineered food production is significantly contributing to the growth of the genetically modified animal products market.

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Key Genetically Modified Animal Products Market Trend – Product Innovations

Product innovations are a key trend gaining popularity in the genetically modified animal products market. Major companies operating in the genetically modified animal products market are introducing new innovative genetically modified animals and products to strengthen their position in the market.

Genetically Modified Animal Products Market Segment

1) By Form: Pellets, Crumbles, Mash, Meal Or Cake

2) By Feed Type: Roughages, Concentrates

3) By Trait: Herbicide Tolerance (HR), Insect Resistance (IR), Stacked Traits (ST)

Genetically Modified Animal Products Market Major Players and Strategies

Major players in the genetically modified animal products market are Bayer AG, Syngenta AG, Pioneer Hi-Bred International Inc., Dow Inc., Monsanto, BASF SE, Corteva Inc., J.R. Simplot Company, Okanagan Specialty Fruits Inc., KWS SAAT SE & Co. KGaA and Stine Seed Company.

In December 2022, LightJump Acquisition Corporation, a Germany-based publicly traded company that specializes in acquisitions merged with Moolec Science Ltd for an amount of $504 million. Through this merger, the shares of combined companies are expected to trade under the ticker “MLEC” on the Nasdaq Capital Market. The company aims to up its product innovation and extend its diverse portfolio. Moolec Science Ltd. is a UK-based food ingredient company which uses genetically modified plants to produce proteins that are usually found in animals.

The Genetically Modified Animal Products Global Market Report 2023 covers regional data on genetically modified animal products market size, genetically modified animal products market trends and drivers, opportunities, strategies, and genetically modified animal products market competitor analysis. The countries covered in the genetically modified animal products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Genetically modified animal products refer to food products derived from animals that have been genetically altered in some way.

View More Reports Related To The Genetically Modified Animal Products Market –

Animal Produce Global Market Report 2023

Egg Global Market Report 2023

Poultry Global Market Report 2023

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