Global GMO Labelling Market - Growth, Trends, and Forecast (2018 - 2023)
Global GMO labeling market is expected to grow considerably during the forecast period. The mandatory labeling requires food manufacturers to mention the GMO ingredients on the labels of GMO products. Around 64 countries around the world, which comprise almost 40% of the world’s population, including Europe, Russia, Japan, Brazil, Australia, China, India, South Africa, Germany, and others, are labeling their GMO food products.
Growing Consumer Awareness Drives the Market
Regarding GMO labeling, consumers are demanding more information about a product’s ingredient list, provenance, manufacturing process, shipping, storage, and safety testing. In Canada, the desire for mandatory labeling of each type of GMOs is fairly consistent across demographic groups, with only slight variation across regions, genders, and age groups. Food manufacturers are keenly concentrating on catering to the GMO labeling, as consumers are becoming increasingly conscious about healthy edible products. The consumers have a right to know whether the products they are purchasing consist of transgenic ingredients, which will help them make well-informed decisions, understanding the risks and benefits. Consumer awareness is reflected by various non-government organizations, like the Green Americans, Organic Consumers Association, and others that are actively raising awareness and fighting for non-GMO mandatory labeling rules. The increasing non-GMO product launches from the food and beverages industry is also one of the factors that can positively affect the market growth, further. Technology advances in the market are also identified to increase the revenues of the GMO labeling market during the forecast period. The anecdotal evidence suggesting a shift of mainstream food & beverage products toward non-genetically modified ingredients is growing.
Europe Is the Pioneer in GMO Labeling
Mandatory labeling laws generally come into play based on the GMO percentage of any particular ingredient in a food product, although some base the percentage on the entire food item. The most restrictive rules, like the European Union, Saudi Arabia, Turkey, and Australia, have a 0.9% threshold. Others allow a greater degree of GMO inclusion, with South Korea at 3% and Japan at 5%. Australia and New Zealand require that GMO ingredients be noted in the ingredient panel, unless the entire item is genetically modified. In that case, the information has to be included next to the name, according to the Food Standards Australia New Zealand agency. South Korea has a higher threshold for GMO labeling, with anything under 3 percent considered to be unintentional.
Uncertainty revolves around how the US and other nations will handle ingredients and products derived from newer technologies (including RNAi and gene editing techniques, such as CRISPR), things the non-browning mushroom, non-browning apple and low-acrylamide non-bruising potato, which so far have been introduced without labeling in the United States.
January 2018 - Genetically modified animals could be sold in the UK after Brexit, as said by Michael Gove, the Environment Secretary. The biotech changes are coming, which will challenge to think about the future as gene editing could be used to create more valuable livestock. Also the Government intends to create a new “gold-standard” for food labeling to signify British quality after Brexit.
The major players include - CAMPBELL SOUP, KELLOGG COMPANY, CONAGRA FOODS INC., GENERAL MILLS, CHIPOTLE, KERRY INGREDIENTS, WHOLE FOODS MARKET INC., ORGANIC VALLEY, DANONE, INGREDION INCORPORATED, NATURE'S PATH FOODS, AMY'S KITCHEN, EARTHBOUND FARM, WHITE WAVE FOODS, amongst others.
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