Genetically Modified Feed Market Analysis

Genetically Modified Feed Market Analysis

In terms of source, the genetically modified feed market is divided into crops (corn, soybean, canola, cottonseed, alfalfa) and fruits & vegetables (papaya, potatoes, eggplant). The crops segment was valued at more than USD 80 billion in 2021 and is projected to generate over USD 130 billion by 2030. The cultivation and adoption of genetically modified crops by farmers, especially in North America, are key contributors to the global market expansion . Additionally, low prices of pesticides and crop protection agents to maintain these crops during farming encourage farmers to adopt GMO crops, thereby promoting GMO feed outreach.
 

With respect to form, the genetically modified feed market is categorized into pellets, crumbles, mash, and meal or cake. The GMO feed market from the pellets segment is estimated to cross 150 million tons by 2030. The burgeoning production of pellets due to the constantly increasing demand in poultry applications drives the growth of the pellets form segment globally.
 

Based on feed type, the industry is classified into roughages and concentrates. The GMO feed market from the concentrates segment was valued at over USD 45 billion in 2021 and is forecast to exceed USD 70 billion by 2030. Concentrates provide nutrients that forage cannot and are a highly economical source of nutrients compared to any other type of feed. This benefit of concentrates encourages manufacturers to adopt this feed type heavily, which also promotes the demand for GMO feed across varied segments.
 

Based on application, the genetically modified feed market is segregated into poultry (layer, broiler, turkey), swine (grower, starter, sow), cattle (calf, dairy), aquaculture (salmon, shrimp, trout, carp), pet foods (dogs, cats, birds, fish), and equine. The poultry segment is set to witness sizable growth at over 5.5% CAGR through the assessment timeline. The rising demand for bird-based products in various regions of the world will foster the development of the poultry industry and thus, elevate the demand for poultry feed, which facilitates the growth of the poultry application.
 

Regionally, the global genetically modified feed market is segmented into Europe, Asia Pacific, North America, the Middle East & Africa, and Latin America. The North American industry is primed to grow at a CAGR of over 5.5% through the analysis period. The region consists of a huge number of genetically modified crop cultivation sites and feed manufacturing industries that accelerate the penetration of safe food and focus majorly on animal husbandry. These factors will enable the region to remain prominent in the global market. 
 

Another region that may emerge as a prominent revenue hub is the Middle East & Africa. The MEA region consistently offers new technological developments, high demand for meat-based products, and provides immense opportunities in the field of feed production. The MEA GMO feed market is slated to progress at more than 6% CAGR over 2022-2030.