DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global GMO labelling Market - Growth, Trends and Forecasts (2017 - 2022)" report to their offering.
The primary factor driving the GMO labelling market is the growing consumer awareness. Food manufacturers are keenly concentrating on catering to the GMO labelling as consumers are becoming increasingly conscious about healthy edible products. The consumers have a right to know whether the products they are purchasing consist of transgenic ingredients, which will help them make well-informed decisions, understanding the risks and benefits.
Consumer awareness is reflected by various non-government organisations like the Green Americans, Organic Consumers Association and others that are actively raising awareness and fighting for Non-GMO mandatory labelling rules. The increasing non-GMO product launches from the food and beverages industry is also one of the factors that can positively affect the market growth, further. Technology advances in the market are also identified to increase the revenues of the GMO labelling market during the forecast period.
Many manufacturing companies are lobbying against mandatory GMO labelling and seek GMO food products to be labelled as natural' products, regarding which the Grocery Manufacturer Association, a trade association based in the United States, had filed a petition to the FDA in 2014. This activity and similar ones in the market could restrain the growth of GMO labelling. The mandatory food labelling GMO laws can lead to increased costs in the food and beverages industry. Thus, the food price may go up, thereby, negatively impacting the market in the future. Moreover, uniform GMO labelling rules have not been established in many countries, and apart from Europe no other country has well-defined mandatory GMO labelling laws; these factors can adversely affect the market growth.
Some of the major players capturing the GMO labelling market include -
- Campbell Soup
- Kellogg Company
- General Mills
Key Topics Covered:
2. Research Approach and Methodology
3. Market Overview
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/tjmzqv/global_gmo