Non-GMO Processed Food Market in China 2017-2021
About Non-GMO Processed Food
Non-GMO refers to naturally occurring organisms with their original constitution of genes. Non-GMO foods are food items made from ingredients that are not genetically modified. In the cases of foods like meat and poultry products, a non-GMO labeling suggests that the animal was not fed a diet containing GMO ingredients. Awareness regarding food safety is increasing among consumers with each passing day. This has given rise to the trend of consuming organic, non-GMO, and other types of healthy food products. However, consumers in China are still not fully aware of the differences between these food terms. This, in turn, affects the growth of the market.
Technavio’s analysts forecast the non-GMO processed food market in China to grow at a CAGR of 17.40% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the non-GMO processed food market in China for 2017-2021. To calculate the market size, the report considers the value of overall and product wise non-GMO market in China.Technavio's report, Non-GMO Processed Food Market in China 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.
Technavio Announces the Publication of its Research Report – Non-GMO Processed Food Market in China 2017-2021
Technavio recognizes the following companies as the key players in the non-GMO processed food market in China: China Beijing Organic and Beyond Corporation (OABC), Epermarket, Beijing Noah Agricultural Development, Tony’s Farm, and TooToo Organic Farm
Other Prominent Vendors in the market are: Beijing Green Yard Ecological Agriculture Development, Carrefour China, China Dalian Xinglongken Organic Products, FIELDS CHINA, Helekang, Naturz Organics China, Shanghai Food, Shanghai Yung State Investment Management, Vert, and Walmart China.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Demand for transparency in labeling. Consumers are becoming aware of the composition of food items they consume and have started to pay attention to the nutritional value and ingredients mentioned on the product labeling. When it comes to non-GMO processed products like beverages; edible oils; and others, there are several other ingredients that are also added in the product. To validate the finished good as a non-GMO food, it is necessary that all only non-genetically modified ingredients are used in the making.”
According to the report, one of the major drivers for this market is Health and food safety concerns regarding genetically modified (GMO) foods. In the recent past, there has been a lot of research in the field of genetics. Experiments are being conducted on plants and animals by changing their gene mutations. The GMO crops has several benefits like increased yield, specific features, and much more. However, it poses significant risks to the health of living beings and environment. The genetic modification of a crop changes its natural behavior towards various stimuli. The genetic simulation of crops can lead to the formation of toxic substances that can cause significant health hazards. Studies conducted by several health organizations have found the adverse effects of consumption of GMO foods when experimented on rats.
Further, the report states that one of the major factors hindering the growth of this market is Premium pricing of non-GMO foods. One of the major challenges for the adoption of non-GMO and organic food products is their premium pricing. This is majorly due to the imbalance between demand and supply of non-GMO foods. There are very few farmers and producers of non-GMO crops and their yield is low in comparison to that of GMO crops. The dismal production and heavy demand increase the prices of non-GMO foods, not just in China but worldwide.
China Beijing Organic and Beyond Corporation (OABC), Epermarket, Beijing Noah Agricultural Development, Tony’s Farm, and TooToo Organic Farm, Beijing Green Yard Ecological Agriculture Development, Carrefour China, China Dalian Xinglongken Organic Products, FIELDS CHINA, Helekang, Naturz Organics China, Shanghai Food, Shanghai Yung State Investment Management, Vert, and Walmart China.