Biofortification Market Trends, Opportunities, and Forecast by 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Coverage: Biofortification Market covers analysis by Target Nutrient (Zinc, Iron, Vitamins, Others ); Crop (Sweet Potato, Cassava, Rice, Corn, Wheat, Beans, Pearl Millet, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00010392
  • Category : Chemicals and Materials
  • No. of Pages : 150
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MARKET INTRODUCTION



Biofortification is the process of breeding crops to increase their nutritional value. Biofortification is done through conventional selective breeding, or through genetic engineering. Biofortification differs from ordinary fortification as it focuses on making plant foods more nutritious as the plants are growing, rather than having nutrients added to the foods when they are being processed. Biofortification, or the development of micronutrient-dense staple crops through traditional breeding technologies and modern biotechnology, can potentially increase the nutritional value of crops and benefit people across the globe who suffer from micronutrient deficiency.

MARKET DYNAMICS



The biofortification market has witnessed significant growth owing to factors such as an increase in capital funding for agronomic activities and technological advancements and growing use of biofortification in yields such as beans, wheat, corn, sweet potato, cassava, rice, and pearl millet. Biofortification is inexpensive, and the costs of the implementation of cultivating biofortified foods are negligible. These factors help boost the growth of the biofortification market. However, restriction on the production of genetically modified crops is projected to hamper the overall growth of the biofortification market.

MARKET SCOPE



The "Global Biofortification Market Analysis to 2031" is a specialized and in-depth study of the Food and Beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the biofortification market with detailed market segmentation by target nutrient, crop and geography. The global biofortification market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biofortification market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION



The global biofortification market is segmented on the basis of target nutrient and crop. On the basis of target nutrient, the biofortification market is segmented into zinc, iron, vitamins, and others. Based on crop the global biofortification market is divided into sweet potato, cassava, rice, corn, wheat, beans, pearl millet, and others.

REGIONAL FRAMEWORK



The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global biofortification market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The biofortification market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the biofortification market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the biofortification market in these regions.

MARKET PLAYERS



The reports cover key developments in the biofortification market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from biofortification market are anticipated to lucrative growth opportunities in the future with the rising demand for biofortification in the global market. Below mentioned is the list of few companies engaged in the biofortification market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the biofortification market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •  Agro Biosciences Inc.
  •  BASF SE
  •  Bayer AG
  •  Charles River
  •  HarvestPlus
  •  Intertek Group plc
  •  Lemnatec
  •  LemnaTec GmbH
  •  Monsanto Company
  •  Syngenta


The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Biofortification Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) XX%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Target Nutrient
  • Zinc
  • Iron
  • Vitamins
By Crop
  • Sweet Potato
  • Cassava
  • Rice
  • Corn
  • Wheat
  • Beans
  • Pearl Millet
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Agro Biosciences Inc.
  • BASF SE
  • Bayer AG
  • Charles River
  • HarvestPlus
  • Intertek Group plc
  • Lemnatec
  • LemnaTec GmbH
  • Monsanto Company
    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset
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    Report Coverage

    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    Segment Covered

    This text is related
    to segments covered.

    Regional Scope

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    Country Scope

    This text is related
    to country scope.

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    The List of Companies

    1. Agro Biosciences Inc.
    2. BASF SE
    3. Bayer AG
    4. Charles River
    5. HarvestPlus
    6. Intertek Group plc
    7. Lemnatec
    8. LemnaTec GmbH
    9. Monsanto Company
    10. Syngenta
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