Market Size of GMO Labeled Food Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.10 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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GMO Labeled Food Market Analysis
The GMO labeling market is expected to register a CAGR of 7.1% during the forecast period.
- With the increase in desire for clean labels and growing awareness of the ingredients used, the consumer demand for product's ingredient list, provenance, manufacturing process, shipping, storage, and safety standards, is rapidly growing.
- GMO Labeling includes origin, ingredient lists, warehouse, manufacturing process, shipping, and testing, which help the consumer to get the product they are purchasing and know what is in their food. According to a study by the Pew Research Center, 57% of Americans believe GMOs are unsafe to eat, and 67% of American support GMO labeling. This indicates that the consumers want to be informed about their product.
- Several government regulations are another driving factor behind GMO labeling. Countries like the European Union, Australia, and Japan have strict government regulations for GMO labeling. This growth in consumer awareness is immensely supported by various regulatory and non-government organizations, like Organic Consumers Association, etc., that actively create awareness and fight for the labeling rules for a product. Health and safety concern among consumers is the main factor behind GMO labeling.
