PRN: Global Non-GMO Foods Market 2017-2021: Premium Pricing of Non-GMO Food Products is Expected to Act as One of the Major Barriers - Research and Markets
Global Non-GMO Foods Market 2017-2021: Premium Pricing of Non-GMO Food Products is Expected to Act as One of the Major Barriers - Research and Markets
DUBLIN, Mar 17, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Non-GMO Foods Market 2017-2021" report to their offering.
The global non-GMO foods market to grow at a CAGR of 16.23% during the period 2017-2021.
Global Non-GMO Foods Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The global non-GMO foods market is growing at a steady pace. The increase in the number of health-conscious people and increasing demand for non-GMO food products by middle class families are the primary reasons for the growth of the market. The rising demand for organic food products has also increased the demand for non-GMO food products from consumers.
According to the report, one driver in market is new product launches. Another growth driver of the market is the new product launches by the players in the market. The players are coming up with new non-GMO food products due to the increasing demand for non-GMO food products among the consumers. It is estimated that there are about 2,000 new non-GMO product launches in the US every year, and it is expected to increase during the forecast period. La Brea Bakery, Los Angeles, which is a small baking company, has announced that all the ingredients used by it for making bread will be non-GMO by the end of 2016.
In December 2015, Flavorchem Corp introduced new line of non-GMO Project verified flavors such as cocoa, coffee, orange, lime, peppermint, and lemon. In August 2015, Kashi launched new breakfast line consisting of five products and the products are organic and Non-GMO Project verified. The new line is aimed at providing a new approach of healthy breakfast eating to the consumers with blended wholegrains, sprouts, nut, and seeds.
However, premium pricing of non-GMO food products is expected to act as one of the major barriers for the growth of the global non-GMO foods market. The increased adoption of non-GMO seeds by farmers and the growing number of food companies in the non-GMO food sector are expected to fuel the global non-GMO foods market positively during the forecast period.
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