Global Biofortification Market – Industry Trends and Forecast to 2031

Biofortification Market Analysis and Size

The biofortification market is rapidly advancing, leveraging cutting-edge genetic engineering and agronomic practices to enhance nutrient content in crops. Latest methods, including CRISPR and transgenic technologies, drive growth by addressing malnutrition and improving public health. Increasing consumer demand for nutrient-rich foods and supportive government policies further propel market expansion, making biofortification a key player in sustainable agriculture.

The global biofortification market size was valued at USD 117.6 million in 2023 and is projected to reach USD 220.92 million by 2031, with a CAGR of 8.2% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation       

Market Definition

Biofortification is the process of increasing the nutritional value of crops through biological methods, such as conventional plant breeding, genetic engineering, or agronomic practices. The goal is to enhance the content of essential vitamins and minerals, such as iron, zinc, and vitamin A, in staple foods to improve public health, particularly in regions with nutrient deficiencies.

Biofortification Market Dynamics

Drivers

• Rising Nutritional Deficiencies

The rising prevalence of malnutrition and micronutrient deficiencies, especially in developing countries, drives the biofortification market. For instance, widespread iron and vitamin A deficiencies impact millions, leading to health issues such as anemia and impaired vision. Growing awareness about these health impacts propels demand for biofortified crops such as iron-rich beans and vitamin A-enhanced sweet potatoes, offering a sustainable solution to improve nutritional intake and overall health.

• Increased Agricultural Productivity

Biofortified crops have the potential to significantly boost agricultural productivity and crop yields by being more resilient to pests, diseases, and environmental stressors. For instance, biofortified rice varieties such as "Golden Rice," enriched with Vitamin A, not only enhance nutrition but also demonstrate greater resistance to common diseases, leading to higher yields. This increased productivity and resilience drive the market for biofortified crops, ensuring better food security and farmer profitability.

Opportunities

• Rising Demand for Functional Foods

The rising consumer demand for functional foods and nutritionally enhanced products is a significant driver for the biofortification market. Consumers are increasingly seeking foods that offer added health benefits, such as higher levels of vitamins and minerals found in biofortified crops. For instance, biofortified varieties of staple crops such as maize and rice are gaining popularity for their ability to address micronutrient deficiencies effectively, meeting both nutritional needs and consumer preferences for healthier options.

• Increasing Food Security Concerns

Rising concerns over global food security have catalyzed biofortification initiatives, aiming to enhance the nutritional content of staple crops. By fortifying crops such as maize with essential micronutrients such as vitamin A or iron, these initiatives address widespread deficiencies in vulnerable populations. For instance, biofortified orange-fleshed sweet potatoes have significantly reduced vitamin A deficiency in Sub-Saharan Africa, demonstrating how biofortification directly contributes to improving public health and nutritional outcomes amidst food insecurity challenges.

Restraints/Challenges

• Competition from Traditional Fortification

Traditional fortification methods, such as supplementation and fortification of foods, present formidable competition to biofortification initiatives due to their established cost-effectiveness and familiarity among consumers. This entrenched preference and economic viability hinder the market adoption of biofortified crops, limiting their potential impact on addressing global nutritional deficiencies.    

• Crop Yield and Agronomic Traits

Crop yield and agronomic traits are critical concerns in biofortification, as any compromise in these aspects can deter farmer adoption and consumer acceptance. The market faces challenges in convincing stakeholders that biofortified crops maintain yield, taste, and other essential traits, crucial for widespread adoption and integration into existing agricultural practices.

This 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 the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In October 2021, Fedearroz introduced BioZn035, Colombia's first biofortified zinc rice, poised to meet significant demand in rural areas due to its health benefits, addressing nutritional deficiencies prevalent in the region
• In July 2021, The Philippines legalized commercial cultivation of golden rice, genetically modified to produce beta-carotene, aimed at combating vitamin A deficiency among its population
• In November 2020, HarvestPlus launched the CSDietary software on the Intake platform, pioneering the use of dietary data to shape evidence-based policies and programs targeting global nutrition challenges
• In August 2020, Bayer AG partnered with the International Rice Research Institute (IRRI) to advance biofortified rice varieties, enhancing nutritional content to address food insecurity
• In September 2020, BASF SE collaborated with the International Center for Tropical Agriculture (CIAT) to develop biofortified cassava varieties, enriching nutritional profiles to combat malnutrition in tropical regions
• In July 2020, Syngenta AG partnered with the International Maize and Wheat Improvement Center (CIMMYT) to innovate biofortified maize varieties, aiming to enhance nutritional value and food security globally

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Biofortification Market Scope

The market is segmented on the basis of crop type, target nutrients, gene pool and technique. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Crop Type

• Sweet Potato
• Cassava
• Rice
• Corn
• Wheat
• Beans
• Pearl Millet
• Others

 Targeted Nutrients

• Iron
• Zinc
• Vitamins
• Amino Acid
• Others

 Gene Pool

• Primary
• Secondary
• Tertiary

 Technique

• Conventional Plant Breeding
• Agronomy
• Genetic Technology

Biofortification Market Regional Analysis/Insights

The market is analysed and market size insights and trends are provided by country, crop type, target nutrients, gene pool and technique as referenced above.

The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Asia-Pacific is expected to dominate the biofortification market, driven by increasing consumer preference for high nutritional content in food. This trend fuels demand for biofortified crops, supported by significant growth opportunities in agriculture within the region.

North America is expected to expand at a significant growth rate in the biofortification market due to increasing benefits of biofortification and increasing adoption of advanced farming technologies in emerging countries such as the U.S., Canada, and Mexico. This trend enhances agricultural productivity and nutritional quality, meeting rising global food demands sustainably.

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 down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Biofortification Market Share Analysis

The 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 market.

Some of the major players operating in the market are:

• Syngenta (Switzerland)
• BASF SE (Germany)
• DuPont (U.S.)
• Bayer AG (Germany)
• LemnaTec GmbH  (Germany)
• Intertek Group plc (U.K.)
• Nestlé S.A. (Switzerland)
• Okanagan Specialty Fruits Inc. (Canada)
• ArborGen Inc. (U.S.)
• Arcadia Biosciences (U.S.)
• Corteva (U.S.)
• Mahyco (India)
• Charles River Laboratories (U.S.)
• HarvestPlus (U.S.)

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