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Genetically Modified Feed Market by Type of Feed (GM Animal Feed, GM Fish Feed, GM Poultry Feed, GM Livestock Feed), Source (GM Soybean, GM Corn, GM Canola, GM Alfalfa), Application (Animal Nutrition, Aquaculture, Livestock Feed, Poultry Feed), End-Use Industry (Animal Farming, Fish Farming, Poultry Farming), and Region: Global Insights & Forecast (2024 – 2030)

Published: December, 2024  
|   Report ID: ANH4639  
|   Animal Nutrition & Health

As per Intent Market Research, the Genetically Modified Feed Market was valued at USD 28.5 billion in 2023 and will surpass USD 54.7 billion by 2030; growing at a CAGR of 9.8% during 2024 - 2030.

The genetically modified (GM) feed market has experienced significant growth as the demand for more efficient and sustainable agricultural practices continues to rise. GM feed, developed using biotechnology, offers enhanced nutritional value and resistance to pests and diseases, addressing key challenges in global food production. With the expanding global population and the increasing need for protein-rich food sources, genetically modified feed is becoming a critical component in the diets of animals, fish, and poultry. It provides a sustainable solution for the growing demand for animal products by improving feed conversion rates, reducing production costs, and supporting the health of farmed animals. This market is evolving rapidly as more stakeholders from the animal farming, aquaculture, and poultry sectors adopt GM feed solutions to improve productivity and sustainability in food production systems.

GM Fish Feed Is Fastest Growing Segment Owing to Aquaculture Expansion

GM fish feed is the fastest-growing subsegment in the genetically modified feed market, driven by the rapid expansion of the global aquaculture industry. With the growing demand for seafood, fish farming operations are increasingly turning to genetically modified fish feed to enhance production efficiency. Genetically Modified fish feed is specifically formulated to improve fish growth, disease resistance, and feed conversion, ensuring a more sustainable and productive aquaculture sector. As the global population continues to seek more affordable and sustainable sources of protein, the aquaculture industry is experiencing growth in both developed and emerging markets. Genetically Modified fish feed offers significant advantages over traditional feed, such as reducing reliance on fishmeal and addressing the sustainability concerns associated with conventional fish farming. The increased focus on sustainable aquaculture practices positions Genetically Modified fish feed as a key player in the future of the global seafood supply chain.

Genetically Modified Feed Market Size 2030

GM Soybean Source Is Largest Owing to Nutritional and Economic Benefits

GM soybean is the largest source of genetically modified feed, owing to its high nutritional value and economic benefits for animal and fish farming. Soybean is a primary ingredient in animal feed due to its high protein content, making it an essential component in the diet of livestock, poultry, and fish. The development of genetically modified soybeans has provided solutions to some of the challenges faced by feed producers, such as improving crop yields, reducing pest damage, and enhancing resistance to herbicides. genetically modified soybeans are now widely used in the production of animal feed because they offer greater consistency, higher nutritional value, and cost-efficiency. As a result, genetically modified soybeans remain the most utilized source for genetically modified feed globally, supporting the growing demand for protein in animal farming and aquaculture.

Animal Nutrition Application Is Largest Owing to Broad Use in Livestock and Poultry Diets

The animal nutrition application is the largest in the genetically modified feed market, as it encompasses a broad range of uses in livestock, poultry, and fish farming. Animal nutrition focuses on providing balanced and optimized feed formulations to ensure that animals receive the necessary nutrients for growth, reproduction, and health. genetically modified feed plays a significant role in improving the nutritional quality of feed, including better protein content, enhanced digestibility, and improved disease resistance. As the global demand for animal-derived food products increases, the need for efficient, nutritionally optimized feed solutions has become essential for farmers. The widespread adoption of genetically modified feed for animal nutrition is a key driver of the market, contributing to more sustainable and productive farming systems, ultimately ensuring the availability of affordable and nutritious food for the growing global population.

Animal Farming End-Use Industry Is Largest Owing to Global Growth in Meat Consumption

The animal farming industry is the largest end-use segment in the genetically modified feed market, largely due to the substantial global demand for meat and dairy products. As more consumers around the world increase their consumption of animal products, particularly in emerging markets, animal farming is under pressure to scale up production while minimizing costs. GM feed is increasingly seen as a way to boost the productivity of livestock farms by improving feed efficiency, promoting faster growth, and ensuring the health of animals. The use of GM feed is helping farmers meet these challenges while maintaining high standards of animal welfare and product quality. As animal farming continues to grow globally, particularly in regions like Asia-Pacific and Latin America, the demand for genetically modified feed is also rising, solidifying animal farming as the largest end-use industry in this market.

North America Region Is Largest Owing to Advanced Agricultural Practices and Technology Adoption

North America remains the largest region in the genetically modified feed market, owing to its advanced agricultural practices, technological innovations, and strong market demand for animal products. The United States, in particular, has been at the forefront of adopting genetically modified crops, including soybeans and corn, which are critical sources of feed for livestock and poultry. The region’s well-established animal farming industry and the continuous innovation in feed solutions have further contributed to the region's dominance. Additionally, North America has stringent regulations and high standards for food safety, making the use of GM feed an attractive option for enhancing efficiency and sustainability in animal farming. As the market continues to expand, North America’s leadership in feed production and biotechnology is expected to remain a key driver.

Genetically Modified Feed Market Share by region 2030

Leading Companies and Competitive Landscape

The genetically modified feed market is highly competitive, with several key players leading the charge in providing innovative feed solutions. Major companies in the market include Cargill, BASF SE, Archer Daniels Midland Company (ADM), and DuPont. These industry leaders offer a wide range of GM feed products made from genetically modified soybeans, corn, canola, and other crops to meet the growing demand from animal farming, aquaculture, and poultry sectors. The competitive landscape is shaped by a focus on innovation, research, and development of new GM crops with improved traits, as well as strategic partnerships and mergers to enhance market presence. The increasing global demand for sustainable and efficient animal feed is driving continuous innovation and competition in the market, ensuring that key players remain at the forefront of the genetically modified feed industry.

List of Leading Companies:

  • Alltech, Inc.
  • Archer Daniels Midland Company (ADM)
  • BASF SE
  • Bayer AG
  • Cargill Inc.
  • Corteva Agriscience
  • Dow Chemical Company
  • DSM Nutritional Products
  • DuPont de Nemours, Inc.
  • Evonik Industries AG
  • Land O'Lakes, Inc.
  • Monsanto (now part of Bayer)
  • New Hope Group
  • Nutreco
  • Syngenta AG

Recent Developments:

  • Cargill Inc. announced the expansion of its GM feed production capabilities in North America, aiming to meet the growing demand for sustainable and high-yield animal feed products
  • BASF SE launched a new GM soy protein concentrate that is more nutritious and efficient for livestock feed, helping improve livestock growth rates and feed conversion
  • Archer Daniels Midland Company (ADM) entered into a partnership with a leading biotech firm to develop and commercialize new GM feed ingredients that promote animal health and improve feed efficiency
  • Corteva Agriscience introduced a new GM corn variety specifically designed for animal feed, providing higher digestibility and better nutritional content for livestock
  • Syngenta AG received regulatory approval for its GM canola crops that are being utilized in the production of animal feed, aimed at enhancing the nutritional profile of livestock feed globally

Report Scope:

Report Features

Description

Market Size (2023)

USD 28.5 Billion

Forecasted Value (2030)

USD 54.7 Billion

CAGR (2024 – 2030)

9.8%

Base Year for Estimation

2023

Historic Year

2022

Forecast Period

2024 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Genetically Modified Feed Market by Type of Feed (GM Animal Feed, GM Fish Feed, GM Poultry Feed, GM Livestock Feed), Source (GM Soybean, GM Corn, GM Canola, GM Alfalfa), Application (Animal Nutrition, Aquaculture, Livestock Feed, Poultry Feed), End-Use Industry (Animal Farming, Fish Farming, Poultry Farming)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

Major Companies

Alltech, Inc., Archer Daniels Midland Company (ADM), BASF SE, Bayer AG, Cargill Inc., Corteva Agriscience, DSM Nutritional Products, DuPont de Nemours, Inc., Evonik Industries AG, Land O'Lakes, Inc., Monsanto (now part of Bayer), New Hope Group, Syngenta AG

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3. Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. Genetically Modified Feed Market, by Type of Feed (Market Size & Forecast: USD Million, 2022 – 2030)

   4.1. GM Animal Feed

   4.2. GM Fish Feed

   4.3. GM Poultry Feed

   4.4. GM Livestock Feed

   4.5. Others

5. Genetically Modified Feed Market, by Source (Market Size & Forecast: USD Million, 2022 – 2030)

   5.1. GM Soybean

   5.2. GM Corn

   5.3. GM Canola

   5.4. GM Alfalfa

   5.5. Others

6. Genetically Modified Feed Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030)

   6.1. Animal Nutrition

   6.2. Aquaculture

   6.3. Livestock Feed

   6.4. Poultry Feed

   6.5. Others

7. Genetically Modified Feed Market, by End-Use Industry (Market Size & Forecast: USD Million, 2022 – 2030)

   7.1. Animal Farming

   7.2. Fish Farming

   7.3. Poultry Farming

   7.4. Others

8. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

   8.1. Regional Overview

   8.2. North America

      8.2.1. Regional Trends & Growth Drivers

      8.2.2. Barriers & Challenges

      8.2.3. Opportunities

      8.2.4. Factor Impact Analysis

      8.2.5. Technology Trends

      8.2.6. North America Genetically Modified Feed Market, by Type of Feed

      8.2.7. North America Genetically Modified Feed Market, by Source

      8.2.8. North America Genetically Modified Feed Market, by Application

      8.2.9. North America Genetically Modified Feed Market, by End-Use Industry

      8.2.10. By Country

         8.2.10.1. US

               8.2.10.1.1. US Genetically Modified Feed Market, by Type of Feed

               8.2.10.1.2. US Genetically Modified Feed Market, by Source

               8.2.10.1.3. US Genetically Modified Feed Market, by Application

               8.2.10.1.4. US Genetically Modified Feed Market, by End-Use Industry

         8.2.10.2. Canada

         8.2.10.3. Mexico

    *Similar segmentation will be provided for each region and country

   8.3. Europe

   8.4. Asia-Pacific

   8.5. Latin America

   8.6. Middle East & Africa

9. Competitive Landscape

   9.1. Overview of the Key Players

   9.2. Competitive Ecosystem

      9.2.1. Level of Fragmentation

      9.2.2. Market Consolidation

      9.2.3. Product Innovation

   9.3. Company Share Analysis

   9.4. Company Benchmarking Matrix

      9.4.1. Strategic Overview

      9.4.2. Product Innovations

   9.5. Start-up Ecosystem

   9.6. Strategic Competitive Insights/ Customer Imperatives

   9.7. ESG Matrix/ Sustainability Matrix

   9.8. Manufacturing Network

      9.8.1. Locations

      9.8.2. Supply Chain and Logistics

      9.8.3. Product Flexibility/Customization

      9.8.4. Digital Transformation and Connectivity

      9.8.5. Environmental and Regulatory Compliance

   9.9. Technology Readiness Level Matrix

   9.10. Technology Maturity Curve

   9.11. Buying Criteria

10. Company Profiles

   10.1. Alltech, Inc.

      10.1.1. Company Overview

      10.1.2. Company Financials

      10.1.3. Product/Service Portfolio

      10.1.4. Recent Developments

      10.1.5. IMR Analysis

    *Similar information will be provided for other companies 

   10.2. Archer Daniels Midland Company (ADM)

   10.3. BASF SE

   10.4. Bayer AG

   10.5. Cargill Inc.

   10.6. Corteva Agriscience

   10.7. Dow Chemical Company

   10.8. DSM Nutritional Products

   10.9. DuPont de Nemours, Inc.

   10.10. Evonik Industries AG

   10.11. Land O'Lakes, Inc.

   10.12. Monsanto (now part of Bayer)

   10.13. New Hope Group

   10.14. Nutreco

   10.15. Syngenta AG

11. Appendix

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A comprehensive market research approach was employed to gather and analyze data on the Genetically Modified Feed Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Genetically Modified Feed Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach - Genetically Modified Feed Market

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the Genetically Modified Feed ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Genetically Modified Feed Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down - Genetically Modified Feed Market

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

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