Global biofortification market is projected to register a healthy CAGR of 36.3% in the forecast period 2019 to 2026. The new market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
Market Segmentation:
By Crop (Cereals, Legumes, Root Vegetables, Vegetables, Fruits, Others), Targeted Nutrients (Iron, Zinc, Vitamins, Amino Acid, Others), Gene Pool (Primary, Secondary, Tertiary), Techniques (Conventional Plant Breeding, Agronomy, Genetic Technology), Geography (Europe, North America, Asia-Pacific, South America, Middle East and Africa)
Major growing sectors under the market segmentation are as follows:
> In crop, cereals segment is dominating the global biofortification market with largest market share as cereals are widely consumed and are the richest source of energy. They are the best solution for the long term essential nutrient contents in the staple food and therefore cereals are highly biofortified than other crops.
> In targeted nutrients, iron segment is dominating the global biofortification market with largest market share as it is found to be the most common deficient micronutrient worldwide, which reflects major threat to public health. Therefore the staple food is highly biorfortified with iron to overcome the deficiency.
> In gene pool, primary segment is dominating the global biofortification market with largest market share as in the primary genepool the genes are very easy to for the normal crosses and this genepool has prime breeding importance. And therefore primary genepool is usually proceeds for the biofortification.
> In techniques, conventional plant breeding segment is dominating the global biofortification market as it is the traditional technique for breeding and is the simplest form for crossing, not much skills and expertise is required. This technique does not go through any regulatory obstacles and it is widely accepted. It is the fastest route for the high yield nutritious crops.
Market Players:
The key market players for global biofortification market are listed below:
> Syngenta
> HarvestPlus
> Intrexon
> Arcadia Biosciences
> Monsanto Company
> PHII (Pioneer Hybrid International)
> BASF SE
> Intertek Group plc
> LemnaTec GmbH
