Global Biofortification Market is expected to reach USD 130.4 Million by 2025, at a CAGR of 9.7% from 2018 to 2025. Amongst several factors, the two main factors is Biofortification enhances the micronutrient proportions in staple foods and minimizes the micronutrient deficiencies in population and funding of capital for agronomic activities and technological improvements which spur the growth of the biofortification market.
Market Overview:
Biofortification is defined as an improvised concept to breed the crops to multiply their nutritional value. It varies from conventional fortification as it focuses on getting more nutritious plant foods during the process. It is an approach to deal with deficiencies of micronutrient across the countries. Biofortification involves three procedures, namely, selective breeding, seed priming, and genetic modification to boost up the nutritional value of the food in plants. The nutrient density of food crops is increased through conventional plant breeding, and improved agronomic practices and/or modern biotechnology without sacrificing any characteristic. The biological mechanism for biofortified crops improving nutritional status is simple. For instance, in October 2016, DuPont Pioneer and Africa Harvest Biotech Foundation International went into a collaboration to research the rising vitamin E and beta-carotene production in sorghum to enhance the availability of beta-carotene.
Report Description:
Market Dynamics:
Drivers:
Restraints:
Opportunities:
Challenges:
Global Biofortification Market Key Findings:
All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.
Segmentation Analysis:
The biofortification market is segmented by target nutrient and crop
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Asia Pacific region dominated the global Biofortification Market with USD 26.31 Million in 2017 whereas the North America region held the second dominant position in the market.
Global Biofortification Market Competitive Analysis:
Key players in the Biofortification Market 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. For instance, in 2018, the Bill & Melinda Gates Foundation provided a grant of USD 6 million to HarvestPlus-India for expanding its biofortification work in two new states including Odisha and Bihar. This strategy was done for the expansion of the company and to enhance its customer base.
This study forecasts revenue at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global Biofortification Market by below-mentioned segments:
Global Biofortification Market, By Target Nutrient:
Global Biofortification Market, By Crop:
Global Biofortification Market, By Regions:
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1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market attractiveness analysis by Target Nutrient
4.3.2. Market attractiveness analysis by Crop
4.3.3. Market attractiveness analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Funding of capital for agronomic activities and technological improvements lead to growth of the market.
5.2.2. Increased implementation of biofortification in crops such as beans, wheat, corn, sweet potato, rice, and pearl millet.
5.2.3. Improves the nutritional content of yields like tomato, banana, sorghum, and barley
5.2.4. Biofortification is less expensive and the costs of cultivating biofortified foods are small
5.2.5. Biofortification improves the micronutrient proportions in staple foods and minimises the micronutrient deficiencies in population
5.3. Restraints
5.3.1. Lack of awareness about the benefits of biofortified crops
5.4. Opportunities
5.4.1. Unregulated and unrestricted environment for biofortification
5.4.2. Better market opportunities in developing countries
5.5. Challenges
5.5.1. Restricted manufacturing of genetically modified crops
6. Global Biofortification Market Analysis and Forecast, By Target Nutrient
6.1. Segment Overview
6.2. Hardware
6.3. Zinc
6.4. Iron
6.5. Vitamins
6.6. Others
6.6.1. Β-Carotene
6.6.2. Amino Acids
6.6.3. Proteins
7. Global Biofortification Market Analysis and Forecast, By Crop
7.1. Segment Overview
7.2. Sweet Potato
7.3. Cassava
7.4. Rice
7.5. Corn
7.6. Wheat
7.7. Beans
7.8. Pearl Millet
7.9. Others
7.9.1. Tomato
7.9.2. Banana
7.9.3. Sorghum
7.9.4. Barley
8. Global Biofortification Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. Sweden
8.3.4. Netherlands
8.3.5. U.K.
8.3.6. Italy
8.3.7. Spain
8.3.8. Turkey
8.3.9. Switzerland
8.3.10. Belgium
8.3.11. Rest of Europe
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.4.4. South Korea
8.4.5. Australia
8.4.6. Singapore
8.4.7. Malaysia
8.4.8. Thailand
8.4.9. Indonesia
8.4.10. Philippines
8.4.11. Rest of Asia-Pacific
8.5. South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Colombia
8.5.4. Rest of South America
8.6. Middle East and Africa
8.6.1. Saudi Arabia
8.6.2. UAE
8.6.3. Egypt
8.6.4. Nigeria
8.6.5. South Africa
8.6.6. Rest of Middle East and Africa
9. Global Biofortification Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Biofortification Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Crop Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. HarvestPlus
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Crop Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Syngenta AG
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Crop Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Bayer AG
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Crop Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. BASF SE
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Crop Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. DowDuPont
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Crop Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Monsanto Company
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Crop Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Charles River
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Crop Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. LemnaTec GmbH
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Crop Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Intertek Group plc
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Crop Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Church & Dwight Co. Inc
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Crop Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. Nestle
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Crop Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Intrexon
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Crop Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Okanagan Specialty Fruits Inc
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Crop Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. ArborGen Inc
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Crop Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. Arcadia Biosciences
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Crop Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
List of Table
1. Global Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
2. Global Biofortification Market, By Others, 2015–2025 (USD Million)
3. Global Zinc Biofortification Market, By Region, 2015–2025 (USD Million)
4. Global Iron Biofortification Market, By Region, 2015–2025 (USD Million)
5. Global Vitamins Biofortification Market, By Region, 2015–2025 (USD Million)
6. Global Others Biofortification Market, Region, 2015–2025 (USD Million)
7. Global Biofortification Market, By Crop, 2015–2025 (USD Million)
8. Global Others Biofortification Market, BY Region, 2015–2025 (USD Million)
9. Global Sweet Potato Biofortification Market, By Region, 2015–2025 (USD Million)
10. Global Cassava Biofortification Market, By Region, 2015–2025 (USD Million)
11. Global Rice Biofortification Market, By Region, 2015–2025 (USD Million)
12. Global Corn Biofortification Market, By Region, 2015–2025 (USD Million)
13. Global Wheat Biofortification Market, By Region, 2015–2025 (USD Million)
14. Global Beans Biofortification Market, By Region, 2015–2025 (USD Million)
15. Global Pearl Millet Biofortification Market, By Region, 2015–2025 (USD Million)
16. Global Others Biofortification Market, By Region, 2015–2025 (USD Million)
17. Global Printing Biofortification Market, By Region, 2015–2025 (USD Million)
18. Global Biofortification Market, By Region, 2015–2025 (USD Million)
19. North America Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
20. North America Biofortification Market, By Crop, 2015–2025 (USD Million)
21. U.S. Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
22. U.S. Biofortification Market, By Crop, 2015–2025 (USD Million)
23. Canada Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
24. Canada Biofortification Market, By Crop, 2015–2025 (USD Million)
25. Mexico Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
26. Mexico Biofortification Market, By Crop, 2015–2025 (USD Million)
27. Europe Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
28. Europe Biofortification Market, By Crop, 2015–2025 (USD Million)
29. Germany Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
30. Germany Biofortification Market, By Crop, 2015–2025 (USD Million)
31. France Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
32. France Biofortification Market, By Crop, 2015–2025 (USD Million)
33. Sweden Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
34. Sweden Biofortification Market, By Crop, 2015–2025 (USD Million)
35. Netherlands Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
36. Netherlands Biofortification Market, By Crop, 2015–2025 (USD Million)
37. U.K. Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
38. U.K. Biofortification Market, By Crop, 2015–2025 (USD Million)
39. Italy Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
40. Italy Biofortification Market, By Crop, 2015–2025 (USD Million)
41. Spain Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
42. Spain Biofortification Market, By Crop, 2015–2025 (USD Million)
43. Turkey Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
44. Turkey Biofortification Market, By Crop, 2015–2025 (USD Million)
45. Switzerland Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
46. Switzerland Biofortification Market, By Crop, 2015–2025 (USD Million)
47. Belgium Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
48. Belgium Biofortification Market, By Crop, 2015–2025 (USD Million)
49. Asia Pacific Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
50. Asia Pacific Biofortification Market, By Crop, 2015–2025 (USD Million)
51. Japan Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
52. Japan Biofortification Market, By Crop, 2015–2025 (USD Million)
53. China Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
54. China Biofortification Market, By Crop, 2015–2025 (USD Million)
55. India Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
56. India Biofortification Market, By Crop, 2015–2025 (USD Million)
57. South Korea Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
58. South Korea Biofortification Market, By Crop, 2015–2025 (USD Million)
59. Australia Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
60. Australia Biofortification Market, By Crop, 2015–2025 (USD Million)
61. Singapore Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
62. Singapore Biofortification Market, By Crop, 2015–2025 (USD Million)
63. Malaysia Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
64. Malaysia Biofortification Market, By Crop, 2015–2025 (USD Million)
65. Thailand Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
66. Thailand Biofortification Market, By Crop, 2015–2025 (USD Million)
67. Indonesia Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
68. Indonesia Biofortification Market, By Crop, 2015–2025 (USD Million)
69. Philippines Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
70. Philippines Biofortification Market, By Crop, 2015–2025 (USD Million)
71. South America Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
72. South America Biofortification Market, By Crop, 2015–2025 (USD Million)
73. Brazil Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
74. Brazil Biofortification Market, By Crop, 2015–2025 (USD Million)
75. Argentina Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
76. Argentina Biofortification Market, By Crop, 2015–2025 (USD Million)
77. Colombia Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
78. Colombia Biofortification Market, By Crop, 2015–2025 (USD Million)
79. Middle East and Africa Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
80. Middle East and Africa Biofortification Market, By Crop, 2015–2025 (USD Million)
81. Saudi Arabia Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
82. Saudi Arabia Biofortification Market, By Crop, 2015–2025 (USD Million)
83. UAE Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
84. UAE Biofortification Market, By Crop, 2015–2025 (USD Million)
85. UAE Biofortification Market, By Application, 2015–2025 (USD Million)
86. UAE Biofortification Market, By End User, 2015–2025 (USD Million)
87. Egypt Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
88. Egypt Biofortification Market, By Crop, 2015–2025 (USD Million)
89. Nigeria Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
90. Nigeria Biofortification Market, By Crop, 2015–2025 (USD Million)
91. South Africa Biofortification Market, By Target Nutrient, 2015–2025 (USD Million)
92. South Africa Biofortification Market, By Crop, 2015–2025 (USD Million)
List of Figures
1. Global Biofortification Market Segmentation
2. Biofortification Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Biofortification Market attractiveness analysis by Target Nutrient
9. Global Biofortification Market attractiveness analysis by Crop
10. Global Biofortification Market attractiveness analysis by Region
11. Global Biofortification Market: Dynamics
12. Global Biofortification Market Share by Target Nutrients (2017 & 2025)
13. Global Biofortification Market Share by Crops (2017 & 2025)
14. Global Biofortification Market Share by Regions (2017 & 2025)
15. Global Biofortification Market Share by Company (2018)
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