Genetically Modified Feed Market Company Share and Growth 2030

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Genetically Modified Feed Market Size to Cross
135 Bn by 2030
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Overview of Genetically Modified Feed Market

• The genetically modified feed market is slated to
  grow massively through 2030 due to robust growth
  of the animal feed industry. In addition, dynamic
  food trends, along with rising penetration in
  varied end-user sectors, are likely to further
  propel market progression over the forecast
  period.
• During the COVID-19 pandemic, the industry
  witnessed disruptions in the supply chain due to
  the prevalent need for vaccines, which delayed
  the approval of these feeds, resulting in a halt
  in business growth. However, a decline in cases
  and food scarcity across poor countries have
  aided the recovery of the GMO feed market.
  Moreover, key participants have been engaging in
  strategic acquisitions and product innovation to
  strengthen their market standing.
• For instance, in February 2022, Bayer AG, a
  German pharmaceutical and biotechnology company,
  announced its plans to launch its new genetically
  modified cotton seeds in India. It aimed to bring
  the high-yielding and herbicide-tolerant solution
  to the nation. With the approval of this
  innovation, the company focused on fortifying its
  position in the Asian market.

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• The industry has been divided into crops and
  fruits vegetables. The fruits vegetables
  segment is expected to amass substantial gains
  over 2022-2030 as a result of recent growth in
  awareness and clarification of certain widespread
  misconceptions linked to the consumption of these
  vegetables. Surging acceptance among consumers
  and wide applicability for equine and cattle
  feeding is foreseen to boost the demand for GMO
  vegetables, bolstering segmental development.
• The genetically modified feed market has been
  classified into pellets, crumbles, mash, and meal
  or cake. In 2021, the GMO feed industry from the
  mash segment was valued at more than 9 billion
  and is estimated to surpass 15 billion in
  revenue by 2030. Apart from being economical, the
  consumption of mash provides significant
  unification of growth and decreases the chances
  of death, which is set to drive the adoption of
  GMO feed in mash form globally.
• The industry has been segregated into roughages
  and concentrates. The roughages segment is
  anticipated to garner a prominent industry share
  by 2030. Numerous benefits of roughages, such
  as improved animal digestion, weight, and gut
  health, and reduced health risks related to the
  heart, are propelling segmental growth.

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• The genetically modified feed market has been
  bifurcated into poultry, swine, cattle,
  aquaculture, pet foods, and equine. The pet foods
  application segment size is speculated to reach
  14 million tons by 2030. On account of the
  increase in pet adoption in recent years, newly
  introduced concepts like emotional support pets
  to help patients suffering from solitude and
  suicidal symptoms are impelling the pet food
  industry growth, which is projected to fuel GMO
  feed market progress.
• The Latin America genetically modified feed
  industry is primed to depict over 5.0 CAGR
  through the analysis timeline. Favorable foreign
  direct investments, beneficial trade policies in
  the domestic feed manufacturing industries, and
  advancements in the agriculture sector are poised
  to accelerate LATAM genetically modified feed
  market expansion.
• Notable participants in the Genetically Modified
  Feed market include DuPont, Dow, BASF, Bayer,
  Syngenta, and Monsanto

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