Biofortification Market Global Key Players Strategy | Size, Value Share, Global Analysis and Forecast to 2024
Biofortification Market Information by Targeted Crop (Cereals & Grains, Fruits & Vegetables, Legumes), Approach (Transgenic, Conventional Breeding and Agronomy), Targeted Nutrient (Vitamins, Minerals), and Region
pune, India – June 22, 2020 /MarketersMedia/ —
Market Overview
Biofortification is the way of boosting the level of nutrients in crops through traditional breeding. The significant role played by it in terms of addressing the challenges of undernutrition has made it a promising concept. In fact, the same can be touted as the prime reason behind the incredible growth rate of biofortification market in forthcoming years. The high demand for nutritional foods in a health-conscious society can also be said as one of the prominent reasons behind the growth of biofortification market.
The global biofortification market is estimated to maintain a significant growth rate during the forecasted period of up to 2024. The investment scope has significantly grown in this domain in recent past, providing a major boost to the growth of the market. Starting from agriculture-based companies to health organizations, investment is in flow from all sectors. All these aspects are expected to address the market need in small as well as large sectors. The overall market thus looks quite established in all domains.
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Private research agriculture institutes rowing number is touted as one of the prime reasons behind the prosperous market prospects. At the same time, agriculture is seen as a promising market scenario; government agencies from across the globe are also showing great interest in it. Health programs emphasizing more on nutritional aspects are also one of the prime reasons behind the growth of the market. The level of technological advancement has been quite significant, and moreover, these are quite available in abundance.
Key Players
DowDuPont (US), HarvestPlus (US), Syngenta (Switzerland), Bayer (Germany), and BASF SE (Germany) are some of the key players in the Global Biofortification Market.
Industry News
Cole of duty predicts about the prospects of biofortification market. It identifies key aspects that play a crucial role in the enrichment of the agency. At the same time, it identifies the key domains where the market is expected to be the most promising. The report predicts the growth rate as well.
Segmentation
Global Biofortification Market is segmented on the targeted crop, approach, targeted nutrient, and region.
In accordance with the targeted crop, the international market is categorized into cereals and grains, fruits and vegetables, legumes and pulses, oilseeds, and others.
In terms of approach, the international market is segmented into transgenic, conventional breeding and agronomy.
On the basis of targeted nutrients, the international market can be categorized as vitamins, minerals, amino acids, and others.
Apart from all these, the international biofortification industry can be segmented on the basis of the region as well. In this context, the market can be divided into four major parts, including—Latin America, Africa, Asia-Pacific, and the rest of the world.
Regional analysis
On the basis of region, the international biofortification industry is divided into Latin America, Africa, Asia-Pacific, and the rest of the world. Among these, Latin America is one of the prominent ones.
The Latin American biofortification market is again divided into Brazil, Guatemala, Mexico, Colombia, and the rest of Latin America. The biofortification market in Africa is again divided into Nigeria, Malawi, Ghana, Congo, and the rest of Africa. The Asia-Pacific market can be divided into China, India, Bangladesh, and the rest of Asia-Pacific. The biofortification market in the rest of the world can be segmented into North America, the Middle East, and Europe.
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