DUBLIN--(BUSINESS WIRE)--The "Global GMO Labeling Food & Beverage Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
Global GMO labeled food market is expected to grow considerably during the forecast period.
Growing Consumer Awareness Drives the Market
Regarding GMO labeling, consumers are demanding more information about a products ingredient list, provenance, manufacturing process, shipping, storage, and safety testing. In Canada, the desire for mandatory labeling of each type of GMOs is fairly consistent across demographic groups, with only slight variation across regions, genders, and age groups.
Food manufacturers are keenly concentrating on catering to the GMO labeling, 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 organizations, 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 labeled food market during the forecast period. The anecdotal evidence suggesting a shift of mainstream food & beverage products toward non-genetically modified ingredients is growing.
Key Highlights
- Europe is the Pioneer in GMO Labeling
- Campbell Soup is a Major Food Manufacturer Labeling its Products
Developments in the Market
- August 2017 - Genetically modified salmon have been approved for sale in the United States, but labeling complications have prevented them from coming to market. In Canada, however, according to a report released by the company AquaBounty, five tons of genetically modified salmon filets have been sold so far.
- October 2017 - US bakers call for harmonizing GMO and nutrition facts label compliance dates.
- January 2018 - Genetically modified animals could be sold in the UK after Brexit, as said by Michael Gove, the Environment Secretary. The biotech changes are coming, which will challenge to think about the future as gene editing could be used to create more valuable livestock. Also the Government intends to create a new gold-standard for food labeling to signify British quality after Brexit.
Company Profiles
- Campbell Soup
- Chipotle
- ConAgra Foods Inc.
- Danone
- Earthbound Farm
- General Mills
- Ingredion Incorporated
- Kellogg Company
- Kerry Ingredients
- Natures Path Foods
- Organic Valley
For more information about this report visit https://www.researchandmarkets.com/research/vc59g2/gmo_labelling?w=4
