The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

• Rapid Growth Expected: The genetically modified animal products market is projected to grow from $0.03 billion in 2023 to $0.04
  billion in 2024 at a CAGR of 12.2%, with further growth expected to $0.06 billion by 2028 at a CAGR of 12.1%.
• Drivers of Growth: Increased food demand, improved livestock productivity, nutritional enhancement, reduced environmental impact, and efficient feed conversion are primary factors contributing to this growth.
• Bioengineering in Food Production: Bioengineered foods, including both crops and animals, are being increasingly utilized to meet the demands of a growing population while addressing concerns related to food security and sustainability.
• US Agriculture Regulations: Over 90% of corn, upland cotton, and soybeans grown in the United States are genetically modified, highlighting the significant role of bioengineering in food production.
• Key Companies: Major players driving the market include Bayer AG, Syngenta AG, Dow Inc., BASF SE, Monsanto Company, and others, showcasing the industry’s diversity and competition.

Product Innovations Transforming The Genetically Modified Animal Products Market

• Innovative Offerings: Product innovation is a prominent trend, with companies introducing new genetically modified animals and products to enhance their market presence.
• Example of Innovation: Clara Foods introduced EVERY ClearEgg, the world’s first animal-free egg protein, derived from a genetically modified yeast strain. This innovative product offers various functionalities and applications in the food and beverage industry.
• Expansion Plans: Companies are focused on expanding their product portfolios to meet evolving consumer demands and preferences, emphasizing versatility and sustainability.

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LightJump Acquisition Corporation Merges With Moolec Science Ltd To Boost Innovation In Plant-Based Proteins

• Merger Details: In December 2022, LightJump Acquisition Corporation merged with Moolec Science Ltd for $504 million. This strategic move aims to enhance product innovation and diversify the companies’ offerings.
• Enhanced Innovation: Moolec Science Ltd specializes in using genetically modified plants to produce proteins typically found in animals, reflecting a commitment to plant-based alternatives and sustainable practices.

Market Segmentation and Regional Insights

• Segmentation Overview: The genetically modified animal products market is segmented by form (pellets, crumbles, mash, meal or cake), feed type (roughages, concentrates), and trait (herbicide tolerance, insect resistance, stacked traits).
• Regional Dominance: North America emerged as the largest region in the market in 2023, underscoring the region’s prominence in the adoption and development of genetically modified animal products.

Conclusion
The genetically modified animal products market is experiencing robust growth, driven by factors such as increasing food demand, technological advancements, and regulatory support. Product innovation and strategic partnerships further propel market expansion, with companies striving to offer sustainable and versatile solutions. As consumer preferences evolve and environmental concerns heighten, the market is poised for continued development, shaping the future of agriculture and food production.

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The Genetically Modified Animal Products Global Market Report 2024  provides an overview of the genetically modified animal products market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The genetically modified animal products market forecast analyzes genetically modified animal products market size, genetically modified animal products market share, leading competitor and their market positions.

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