The Global Biofortification Market report for all industry is a comprehensive analysis of the industry study. The report sets out all the CAGR values for the 2019-2026 forecast period. This report represents the global size of the GLOBAL BIOFORTIFICATION MARKET by analyzing historical data and future prospects. The Global Biofortification Market seven-year period can assess how the market is expected to evolve. The Global Biofortification Market research report is a resource that provides the industry up to 2025 with current and upcoming technical and financial details. The report also identifies and analyzes emerging trends as well as major market drivers, challenges and opportunities. This analysis provides an examination of different segments that are used to witness the fastest development in the forecast frame of the estimate. Recognize the major market’s latest improvements, shares, and systems.
Market Analysis: Global Biofortification Market
Global Biofortification market is expected to rise from its initial estimated value of USD 77.00 million in 2018 to an estimated value of USD 151.19 million by 2026, registering a CAGR of 8.80% during the forecast period of 2019-2026.
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Key Market Competitors:
Few of the major competitors currently working in the global biofortification market are-HarvestPlus, Syngenta AG, Bayer AG, BASF SE, DowDuPont, Monsanto Company, Charles River, LemnaTec GmbH, Intertek Group plc, Church & Dwight Co. Inc, Nestle, Intrexon, Okanagan Specialty Fruits Inc, ArborGen Inc, Arcadia Biosciences, The Mauro Seed Company, Metahelix, Mahyco, Protalix Biotherapeutics and Evogene Ltd.
Biofortification is a process which helps in improving the nutritional quality of food crops through conventional plant breeding, modern biotechnology or agronomic practices. It differs from conventional fortification which aims to increase the nutritional levels in crops during the growth of plants rather than using manual means during crop processing.
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By Crop (Sweet Potato, Cassava, Rice, Corn, Wheat, Beans, Pearl Millet, Others),
By Target Nutrient (Zinc, Iron, Vitamins, Others),
By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Key Developments in the Market:
In October 2018, Distributed Bio and Charles River entered into an exclusive partnership. This strategy allowed Charles River’s clients to access the Distributed Bio’s integrated antibody optimization technologies and antibody libraries.
In February 2018, the Bill & Melinda Gates Foundation awarded HarvestPlus-India with a USD 6 million grant for expanding its biofortification work in two new states including Odisha and Bihar. This strategy would help in the expansion of the company and to enhance its customer base.
Global biofortification market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of biofortification market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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