Biofortification Market by Crop (Sweet Potato, Cassava, Rice, Corn, Wheat, Beans, and Pearl Millet), Target Nutrient (Zinc, Iron, and Vitamins), and Region (Latin America, Africa, and Asia Pacific) - Global Forecast to 2023

Biofortification Market by Crop (Sweet Potato, Cassava, Rice, Corn, Wheat, Beans, and Pearl Millet), Target Nutrient (Zinc, Iron, and Vitamins), and Region (Latin America, Africa, and Asia Pacific) - Global Forecast to 2023

“The biofortification market is projected to grow at a CAGR of 8.6%”
The biofortification market is estimated at USD 78 million in 2018, and projected to grow at a CAGR of 8.6%, to reach USD 118 million by 2023. The growth of the biofortification market is driven by the rise in funds for agronomic practices and technological advancements. A key driver for the market’s growth is the increasing use of high nutritional content in foods due to increasing consumer awareness about healthy diets. Africa is projected to be the fastest-growing regional market. Asian countries, especially India, have emerged as leading destinations, thereby facilitating the market shift from developed economies to developing economies. One of the major restraints in the growth of the biofortification market is low awareness about the benefits of biofortified crops.

“The sweet potato segment is estimated to account for the largest share in 2018”
Based on crop, the sweet potato segment is estimated to account for the largest share of the biofortification market in 2018. The demand for biofortified crops such as sweet potato and cassava has increased with the rising technological advancements to increase the nutrient content, particularly in orange-fleshed sweet potato (OFSP). Africa is projected to be the fastest-growing market in the sweet potato segment due to the ease of biofortifying sweet potato with nutrients such as iron, zinc, and vitamins.

“Vitamins to be the fastest growing target nutrient of biofortification”
Based on target nutrient, the vitamins segment is expected to be the fastest-growing during the forecast period. Growth in demand for functional and enriched processed food products, prevalence of vitamin deficiencies, and feed fortification due to the rise in global meat and dairy product consumption are some of the driving factors for the biofortification market.

“High growth is expected in the African biofortification market”
Africa is projected to be the fastest-growing market for the period considered for this study due to the rising disposable income and increase in demand for nutritional food products, along with the growing technology base, leading to increased demand for biofortification in the region. Africa has rich biodiversity in terms of crops. The development and introduction of agro-innovation across Africa resulted in the adoption of various new technologies in the agriculture industry.

Break-up of Primaries:
By Company Type: Tier 1 - 55%, Tier 2 - 20%, and Tier 3 - 25%
By Designation: C Level - 65%, D Level - 13%, and Others* - 22%
By Region: Latin America - 14%, Asia Pacific - 57%, and Africa - 29%

*Others include sales managers, marketing managers, and product managers.

Leading players profiled in this report:
Syngenta
DowDuPont
Bayer
BASF
Monsanto
Charles River
LemnaTec
Intertek
Agro BioSciences Inc.

Research Coverage:
The report segments the biofortification market on the basis of target nutrient, crop, and region. In terms of insights, this report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:
To get a comprehensive overview of the biofortification market
To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
To gain insights about the major countries/regions in which the biofortification market is gaining popularity


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • GEOGRAPHIC SEGMENTATION
    • PERIODIZATION CONSIDERED
    • CURRENCY CONSIDERED
      • Table US DOLLAR EXCHANGE RATE CONSIDERED FOR THE STUDY, 2014–2017
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
    • RESEARCH LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE BIOFORTIFICATION MARKET
    • BIOFORTIFICATION MARKET SIZE, BY REGION
    • BIOFORTIFICATION MARKET, BY CROP
    • BIOFORTIFICATION MARKET, BY TARGET NUTRIENT, 2018 VS. 2023
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • SUPPLY CHAIN ANALYSIS
    • CROP DEVELOPMENT FRAMEWORK
    • PATENT ANALYSIS
  • BIOFORTIFICATION MARKET: REGULATORY FRAMEWORK
    • INTRODUCTION
      • HARVESTPLUS
      • INTERNATIONAL BODIES FOR BIOFORTIFICATION STANDARDS AND REGULATIONS
      • FOOD AND AGRICULTURE ORGANIZATION OF THE UNITED NATIONS (FAO) AND THE WORLD HEALTH ORGANIZATION (WHO)
  • BIOFORTIFICATION MARKET, BY TARGET NUTRIENT
    • INTRODUCTION
      • Table MOST PREFERRED CROPS FOR SELECT TARGET NUTRIENTS
      • Table BIOFORTIFICATION MARKET SIZE, BY TARGET NUTRIENT, 2016–2023 (USD MILLION)
    • ZINC
      • ZINC IS THE MOST WIDELY ADDED AGRICULTURAL MICRONUTRIENT GLOBALLY, OWING TO ITS HIGH NUTRITIONAL PROPERTIES
        • Table ZINC BIOFORTIFICATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • IRON
      • IRON SEGMENT HELD THE LARGEST MARKET SHARE, DUE TO THEIR HIGH DEMAND
        • Table IRON BIOFORTIFICATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • VITAMINS
      • THROUGH THE PROCESS OF BIOFORTIFICATION, THE DENSITY OF VITAMINS AND MINERALS IS INCREASED IN A CROP THROUGH PLANT BREEDING
        • Table VITAMINS BIOFORTIFICATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • OTHERS (Â-CAROTENE, AMINO ACIDS, AND PROTEINS)
      • Table OTHER TARGET NUTRIENTS: BIOFORTIFICATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • BIOFORTIFICATION MARKET, BY CROP
    • INTRODUCTION
      • Table SCHEDULE OF PRODUCT RELEASE OF BIOFORTIFIED CROPS, 2007–2013
      • Table BIOFORTIFICATION MARKET SIZE, BY CROP, 2016–2023 (USD MILLION)
    • SWEET POTATO
      • THE DEMAND FOR SWEET POTATO HAS INCREASED WITH THE RISING TECHNOLOGICAL ADVANCEMENTS TO INCREASE THE NUTRIENT CONTENT
        • Table SWEET POTATO: BIOFORTIFICATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • CASSAVA
      • CASSAVA IS ONE OF THE STARCHY STAPLE FOODS CONSUMED IN AFRICA, ASIA AND LATIN AMERICA
        • Table CASSAVA: BIOFORTIFICATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • RICE
      • ACCORDING TO THE FAO, IN MANY ASIAN COUNTRIES, RICE PROVIDES UP TO 80% OF THE ENERGY INTAKE OF THE POOR POPULATION
        • Table RICE: BIOFORTIFICATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • CORN
      • ACCORDING TO THE US DEPARTMENT OF AGRICULTURE, IN 2015 ABOUT 92% OF THE CORN PRODUCED IN THE US WAS GENETICALLY MODIFIED
        • Table CORN: BIOFORTIFICATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • WHEAT
      • FOR IMPROVING THE YIELD AND QUALITY OF THE CROPS, BIOFORTIFICATION TECHNOLOGY REQUIRED
        • Table WHEAT: BIOFORTIFICATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • BEANS
      • BEANS IS THE MOST IMPORTANT FOOD IN THE DAILY FOOD HENCE THE BIOFORTIFICATUION IS REQUIRED FOR IMPROVING ITS NUTRITIONAL CONTAIN
        • Table BEANS: BIOFORTIFICATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • PEARL MILLET
      • PEARL MILLET IS A PART OF THE DAILY DIET FOR MORE THAN 50 MILLION PEOPLE IN THE SEMI-ARID REGIONS OF INDIA AND AFRICA
        • Table PEARL MILLET: BIOFORTIFICATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • OTHERS (TOMATO, BANANA, SORGHUM, AND BARLEY)
      • Table OTHERS: BIOFORTIFICATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • BIOFORTIFICATION MARKET, BY REGION
    • INTRODUCTION
      • Table BIOFORTIFICATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: BIOFORTIFICATION MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table LATIN AMERICA: BIOFORTIFICATION MARKET SIZE, BY TARGET NUTRIENT, 2016–2023 (USD MILLION)
      • Table LATIN AMERICA: BIOFORTIFICATION MARKET SIZE, BY CROP, 2016–2023 (USD MILLION)
      • BRAZIL
      • GUATEMALA
    • AFRICA
      • Table AFRICA: BIOFORTIFICATION MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table AFRICA: BIOFORTIFICATION MARKET SIZE, BY TARGET NUTRIENT, 2016–2023 (USD MILLION)
      • Table AFRICA: BIOFORTIFICATION MARKET SIZE, BY CROP, 2016–2023 (USD MILLION)
      • NIGERIA
      • DR CONGO
      • GHANA
      • MALAWI
      • REST OF AFRICA
    • ASIA PACIFIC
      • Table ASIA PACIFIC: BIOFORTIFICATION MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: BIOFORTIFICATION MARKET SIZE, BY TARGET NUTRIENT, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: BIOFORTIFICATION MARKET SIZE, BY CROP, 2016–2023 (USD MILLION)
      • BANGLADESH
      • CHINA
      • INDIA
      • REST OF ASIA PACIFIC
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SCENARIO
    • MARKET RANKING ANALYSIS
    • EXPANSIONS
      • Table EXPANSIONS, 2013 –2018
    • MERGERS & ACQUISITIONS
      • Table MERGERS & ACQUISITIONS, 2014 –2018
    • COLLABORATIONS & INVESTMENTS
      • Table COLLABORATIONS & INVESTMENTS, 2013–2016
    • AGREEMENTS
      • Table AGREEMENTS, 2013
  • COMPANY PROFILES
    • SYNGENTA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • BAYER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • BASF
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • DOWDUPONT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • MONSANTO
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENT
    • CHARLES RIVER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENT
    • LEMNATEC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENT
    • INTERTEK
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • AGRO BIOSCIENCES INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENT
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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