Middle East and Africa Biofortification Market, By Targeted Nutrients (Iron, Zinc, Vitamins, Amino Acid, Others), Gene Pool (Primary, Secondary, Tertiary), Techniques (Conventional Plant Breeding, Agronomy, Genetic Technology), Crop Type (Cereals, Legumes, Root Vegetables, Vegetables, Fruits, Others), Country (Saudi Arabia, South Africa, UAE, Israel, Kuwait, Egypt and Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The biofortification market is expected to witness market growth at a rate of 7.30% in the forecast period of 2021 to 2028, and is expected to reach the value of USD 0.023 billion by 2028. Data Bridge Market Research report on biofortification market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in health consciousness globally is escalating the growth of biofortification market.
Biofortification refers to an improvised concept to breed the crops for enhancing their nutritional value. The concept is nutritionally enriched food crops with enhanced bioavailability to the human population developed and grown with the use of agronomic practices, conventional plant breeding and biotechnology techniques. It is referred to an approach for dealing with deficiencies of micronutrient across the countries.
The increase in demand for high nutritional content foods across the region acts as one of the major factors driving the growth of biofortification market. The surge in investments for public health programmes for offering biofortified crops to undernourished people, especially children by private agriculture research institutes, government authorities, and agri-based firms accelerate the market growth. The rise in incidences of nutritional deficiencies as well as the number of children with malnutrition, and high demand for high nutritive value food further influence the market. Additionally, surge in spending on food, adoption of natural food products, rise in health consciousness and emerging advancements in technologies positively affect the biofortification market. Furthermore, technological advancements in agriculture and biotechnology extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, lower awareness about the benefits of biofortified crops is expected to obstruct the market growth. Restriction on the production of genetically modified crops is projected to challenge the biofortification market in the forecast period of 2021 to 2028.
This biofortification market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on biofortification market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Middle East and Africa Biofortification Market Scope and Market Size
The biofortification market is segmented on the basis of targeted nutrients, gene pool, techniques and crop type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of targeted nutrients, the biofortification market is segmented into iron, zinc, vitamins, amino acid and others.
- On the basis of gene pool, the biofortification market is segmented into primary, secondary and tertiary.
- On the basis of techniques, the biofortification market is segmented into conventional plant breeding, agronomy and genetic technology.
- On the basis of crop type, the biofortification market is segmented into cereals, legumes, root vegetables, vegetables, fruits and others.
Middle East and Africa Biofortification Market Country Level Analysis
The biofortification market is analyzed and market size insights and trends are provided by country, targeted nutrients, gene pool, techniques and crop type as referenced above.
The countries covered in the Middle East-Africa biofortification market report are Saudi Arabia, South Africa, UAE, Israel, Kuwait, Egypt and Rest of Middle East and Africa.
Saudi Arabia dominates the Middle East-Africa biofortification market due to the rise in health consciousness.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Middle East and Africa Biofortification Market Share Analysis
The biofortification market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to biofortification market.
The major players covered in the biofortification market report are Syngenta, HarvestPlus, Intrexon, Arcadia Biosciences, Monsanto Company, PHII (Pioneer Hybrid International), BASF SE, Intertek Group plc, LemnaTec GmbH, and others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Middle East and Africa Biofortification Market
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