GMO Labelling Market

GMO Labelling Market Overview (2022 to 2032)

The global GMO labeling market is anticipated to grow at a CAGR of 4.9% during the anticipated period, per Future Market Insights analysis. The market will be worth USD 2,134.2 Million in 2032 as opposed to USD 1,322.7 Million in 2022, according to forecasts.

Attributes	Details
The market size value in 2022	USD 2,134.2 Million
Market forecast value in 2032	USD 1,322.7 Million
Forecast period	2022 to 2032
Global growth rate (CAGR)	4.9%
The growth rate of Australia in the GMO labeling market	2.3%

The EU initially implemented GMO labeling for food goods in 1997 to provide consumers the option to select between normal food products and GMOs. Manufacturers of genetically altered products are required by mandatory labeling to list the GMO contents on the product labels.

2014 saw the passage of the GMO food labeling bill in Vermont as the first state, followed by Maine and Connecticut. At the moment, 64 nations throughout the world including the EU, Russia, Japan, Brazil, Australia, China, India, South Africa, Germany, and others-represent about 40% of the global population and are labeling their GMO food goods.

According to FMI's study, the worldwide GMO labeling market is expanding steadily and is anticipated to expand moderately in the near future.

Historical outlook vs Future forecast for the GMO labelling market

In 2017, the market for GMO labeling has a value of $1,061.4 million. From 2017 to 2021, the GMO labeling market is projected to expand at a CAGR of 4.5%. In 2021, the market for GMO labeling was expected to be valued at USD 1265.78 Million.

The National Academy of Sciences asserts that customers must be aware of whether the items they buy contain transgenic elements in order to weigh the dangers and advantages of their choice. This has been a major driver of market expansion.

Consumer attitudes toward food goods are always changing. FMO food producers are putting a lot of effort into meeting the needs of GMO labeling as consumers become more aware of healthy edible products in order to maintain a devoted customer base. This is yet another important factor that is anticipated to increase the industry throughout the coming years.

Country wise insights

How American market for GMO labeling is growing?

After a law supporting the labeling of GMO foods was passed, the American market for GMO labeling is rapidly expanding. Consumer need for increased transparency on the food they are eating has been the driving force behind this.

All food products that contain GMOs must now be clearly labeled as such by law. As a result, many businesses have altered the components of their products or reformulated them to eliminate the use of GMOs.

The market for GMO-free goods is likely to expand as more customers become aware of the problem of GMOs in their food. Customers will have more options as a result, and businesses will face pressure to acquire non-GM ingredients.

How Europe is the pioneer in GMO labeling?

While some base the amount on the overall food item, most mandatory labeling rules are based on the percentage of GMOs in any one ingredient in a food product. The 0.9% level is used by countries with the strictest regulations, such as the European Union, Saudi Arabia, Turkey, and Australia. Others permit a higher level of GMO incorporation, with Japan allowing 5% and South Korea allowing 3%. In Australia and New Zealand, unless the entire product is genetically modified, GMO ingredients must be disclosed in the ingredient panel. According to the organization Food Standards Australia New Zealand, in that situation, the details must be listed next to the name. The GMO labeling criterion is higher in South Korea, where anything less than 3% is regarded as accidental.

Category wise insights

How supermarkets are responsible for the growth of the GMO labeling market?

According to a recent study, supermarkets are to blame for the market for GMO labeling expanding. When stores were located in states with obligatory GMO labeling legislation, they were more likely to sell products with GMO

labels, according to the University of California, Berkeley study that examined data from more than 9,000 products in the USA.

According to Michele Simon, the study's primary author, stores are responding to customer demand for genetically modified foods (GMOs). We expect to see many more products on shop shelves wearing these labels as additional states approve mandatory GMO labeling laws, she said.

The study is being released as the American argument for requiring GMO labeling rages on.

How new product launches are propelling the growth of the GMO labeling market?

According to a recent study, supermarkets are to blame for the market for GMO labeling expanding. When stores were located in states with obligatory GMO labeling legislation, they were more likely to sell products with GMO labels, according to the University of California, Berkeley study that examined data from more than 9,000 products in the USA.

According to FMI, stores are responding to customer demand for genetically modified foods (GMOs). We expect to see many more products on shop shelves wearing these labels as additional states approve mandatory GMO labeling laws.

Competitive landscape

To satisfy consumers' growing demand for GMO labeling and to maintain their market dominance, the majority of businesses are concentrating on innovation and new product launches.

In order to fulfill evolving consumer expectations and seize the largest market possible, businesses in the GMO labeling sector are constantly producing new sorts of products. Additionally, businesses are focusing on growing their distribution networks in order to enter new markets.

These are some of the major players in the GMO labelling market

• Campbell soup
• Conagra foods
• Earthbound farms
• General mills
• Danone
• Nature path foods
• Ingredion incorporated
• Organic Valley
• Kerry ingredients

GMO labelling market report scope

Attribute	Details
Forecast period	2022 to 2032
Historical data available for	2017 to 2022
Market analysis	USD million in value
Key regions covered	North America Europe South America Asian Pacific Western Europe Eastern Europe middle east and Africa
Key countries covered	USA Germany France Italy Canada United Kingdom Spain China India Australia
Key segments covered	Product Application Distribution channel Region
Key companies profiled	Campbell soup Conagra foods Earthbound farms General Mills Danone Nature path foods Ingredion incorporated Organic Valley Kerry ingredients
Report Coverage	Market Forecast Company Share Analysis Competitive Landscape Drivers, Restraints, Opportunities, and Threats Analysis Market Dynamics Challenges Strategic Growth Initiatives
Customization and Pricing	Available upon request

GMO market segmentation by category

By region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific
• Middle east and Africa
• Japan

By sales distribution channel:

• Online
  • Company websites
  • E-tailing companies
• Offline
  • Supermarkets
  • Retail shops

Frequently Asked Questions

How big is the GMO labelling market?

The GMO labeling market size is assessed to be USD 2,134.2 Million in 2022.

At What Rate is GMO labelling market expected to rise?

The GMO labeling market is expected to rise at a CAGR of 4.9%.

Which are the major countries driving demand for GMO labelling market?

USA, China, Canada, Germany, China, India, the United Kingdom, and Australia are the major countries driving demand for the GMO labeling market.

At what rate will the China GMO labelling market grow?

China's GMO labeling market is projected to grow at a CAGR of around 6.1% over the next ten years.

What is the market share of Germany GMO labelling market?

The market share in Germany in the GMO labeling market is about 26% of the global market.

Who are the top 5 players operating in the market?

Campbell soup, Conagra foods, Earthbound farms, General Mills, and Danone are expected to be the top players driving the market growth.

What is the demand outlook forecast for the GMO labelling market?

The global GMO labeling market is forecasted to surpass USD 1,322.7 Million by the end of 2032.