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 vegetables market report forecasts the genetically modified vegetables market size to grow to $0.16 billion by 2027, with a CAGR (compound annual growth rate) of more than 11%.

Learn More On The Genetically Modified Vegetables Market Report 2023 – https://www.thebusinessresearchcompany.com/report/genetically-modified-vegetables-global-market-report

Genetically Modified Vegetables Market Size Forecast

The global genetically modified vegetables market size is expected to grow from $0.09 billion in 2022 to $0.11 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 vegetables market size is expected to reach $0.16 billion in 2027 at a CAGR of 11.07%.

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

Key Genetically Modified Vegetables Market Driver ­– Surge In Demand For Healthy And More Yielding Crops

For instance, In 2021, a survey was conducted by the American Farm Bureau Federation, a US-based insurance company representing the agriculture industry in the US. The survey included 784 respondents from the 11 western states of the US. According to the survey, 70% of the respondents agreed that their yield had decreased while the local feed costs were increased. Additionally, according to the World Food Programme, an international organization of the United Nations working for food-related assistance, approximately 828 million people sleep hungry at night in the world. The number of people suffering from acute food shortages increased from 135 million in 2019 to 345 million in 2022. As a result, the need for high-yielding and healthy crops is driving the genetically modified vegetable market forward.

Request for A Sample Of The Global Genetically Modified Vegetables Market Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=9228&type=smp

Key Genetically Modified Vegetables Market Trend – Product Innovations

Product innovations are a key trend gaining popularity in the genetically modified vegetable market. Major companies in the genetically modified vegetable market are introducing innovative products such as genetically modified tomatoes to sustain their position in the market.

Genetically Modified Vegetables Market Segment

1) By Type Of Modification: Transgenic, Cis-Genic, Sub-Genic, Multiple Trait Integration

2) By Crop: Soybean, Cotton, Maize, Oilseed Rape, Canola, Alfalfa, Other Crops

3) By Technique: Gene Guns, Electroporation, Microinjection, Agrobacterium, Other Techniques

4) By Trait: Herbicide Tolerance (HT), Insect Resistance (IR), Stacked Traits, Other Traits

5) By Application: Scientific Research, Agriculture Crops

Genetically Modified Vegetables Market Major Players and Strategies

Major players in the genetically modified vegetables market are BASF SE, Bayer AG, The Dow Chemical Company, Syngenta AG, Dupont de Nemours Inc., Groupe Limagrain, JR Simplot Co., JKAgri Genetics Ltd., Maharashtra Hybrid Seed Company (MAHYCO), Calyxt Inc., Stine Seed Farm Inc., Nuseed Pty Ltd., KWS SAAT SE & Co. KGaA, Sakata Seed Corporation, and Okanagan Specialty Fruits Inc

In March 2021, KWS SAAT SE & Co. KGaA, a Germany-based company that focuses on plant breeding acquired Geneplanta S.r.l. for an undisclosed amount. Through this acquisition, KWS aims to gain access to high-performance genetic material and significantly accelerate the development of tomato breeding programs globally. Geneplanata S.r.l is an Italy-based vegetable seed genetics company that focuses on genetically modified crops and vegetables.

The Genetically Modified Vegetables Global Market Report 2023 covers regional data on genetically modified vegetables market size, genetically modified vegetables market trends and drivers, opportunities, strategies, and genetically modified vegetables market competitor analysis. The countries covered in the genetically modified vegetables 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 vegetables refer to vegetables that have their genetic material altered.

View More Reports Related To The Genetically Modified Vegetables Market –

Grain Farming Global Market Report 2023

Organic Farming Global Market Report 2023

Genetically Modified Animal Products Global Market Report 2023

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: