Biofortification Market Research Report - Forecast till 2027

Biofortification Market Research Report: Information by Targeted Crop (Cereals & Grains, Fruits & Vegetables, Legumes), Approach (Transgenic, Conventional Breeding, Agronomy), Targeted Nutrient (Vitamins, Minerals), and Region - Forecast till 2027

ID: MRFR/AGR/6321-HCR | February, 2021 | Region : Global

Market Scenario


Biofortification is the process of enhancing the nutrient content of crops through conventional breeding, agronomy, or a transgenic-based approach. It is a potential strategy used to curb the increasing incidences of undernutrition. The global biofortification market can capitalize with an impressive CAGR of 8% and be valued, worth USD 160 Million by 2027. owing to the surging demand for nutritional food and increasing investments in agrigenomics. Government authorities, private agriculture research institutes, and agri-based firms are investing in public health programmes to provide biofortified crops to undernourished people, especially children. Moreover, technological advancements in agriculture and biotechnology are fuelling market growth as advanced transgenic techniques help in producing biofortified crops in a short duration of time with assured results.


The major factors hampering the growth of the global biofortification market are the lack of awareness about the benefits of nutritionally improved crops and presence of stringent regulations pertaining to the production and commercialization of transgenic crops. Owing to such regulations, the biofortification industry in Europe and North America are registering limited growth.


Segmentation


The global biofortification market has been segmented based on targeted crop, approach, targeted nutrient, and region.


Based on targeted crop, the global market has been divided into cereals and grains, fruits and vegetables, legumes and pulses, oilseeds, and others.


The global market has been classified, on the basis of approach, as transgenic, conventional breeding, and agronomy.


By targeted nutrient, the global market has been categorized as vitamins, minerals, amino acids, and others.


The global biofortification industry has been studied with regard to four key regions—Latin America, Africa, Asia-Pacific, and the rest of the world.


The Latin American biofortification market has further been segmented into Brazil, Guatemala, Mexico, Colombia, and the rest of Latin America. The African biofortification market has been classified as Nigeria, Malawi, Ghana, Congo, and the rest of Africa. The biofortification market in Asia-Pacific has been divided into China, India, Bangladesh, and the rest of Asia-Pacific. The biofortification market in the rest of the world has been segmented into North America, the Middle East, and Europe.


Key Players


DowDuPont (US), HarvestPlus (US), Syngenta (Switzerland), Bayer (Germany), and BASF SE (Germany) are some of the key players in the global biofortification market.


Regional Market Summary


Global Biofortification Market Share (%), by Region, 2019Global Biofortification Market Share (%), by Region, 2018

Source: Secondary Sources and MRFR Analysis

Asia-Pacific is projected to dominate the biofortification market during the forecast period due to the increased cultivation and consumption of biofortified crops in food processing and direct consumption. The growth of the agriculture industry in Asia-Pacific and increasing R&D investments in agricultural operations are also fuelling regional market growth. However, the African market is expected to register the highest CAGR during the forecast period owing to the increasing government initiatives in the region and rising awareness regarding the importance of nutrient-rich food to curb nutritional disorders.


Global Market, by Targeted Crop



  • Cereals and Grains

  • Fruits and Vegetables

  • Legumes and Pulses

  • Oilseeds

  • Others


Global Market, by Approach



  • Transgenic

  • Conventional Breeding

  • Agronomy


Global Market, by Targeted Nutrient



  • Vitamins

  • Minerals

  • Amino Acids

  • Others


Global Market, by Region



  • Latin America

    • Guatemala

    • Mexico

    • Colombia

    • Rest of Latin America





  • Africa

    • Nigeria

    • Malawi

    • Ghana

    • Congo

    • Rest of Africa





  • Asia-Pacific

    • China

    • India

    • Bangladesh

    • Rest of Asia-Pacific





  • Rest of the World (RoW)

    • North America

    • Middle East

    • Europe




Key Players in the Global Market



  • DowDuPont (US)

  • Syngenta (Switzerland)

  • HarvestPlus (US)

  • Bayer (Germany)

  • BASF SE (Germany)


Intended Audience



  • Biotechnology companies

  • Food & beverage processors

  • Agriculture associations

  • Feed manufacturers

  • Agriculture research institutes

  • Traders, exporters, and importers

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce

4.1.4 End Users

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Internal Rivalry

5 Market Dynamics of the Global Biofortification Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

6. Global Biofortification Market, by Targeted Crop

6.1 Introduction

6.2 Cereals & Grains

6.2.1 Market Estimates & Forecast, 2019–2027

6.2.2 Market Estimates & Forecast, by Region, 2019–2027

6.3 Fruits & Vegetables

6.3.1 Market Estimates & Forecast, 2019–2027

6.3.2 Market Estimates & Forecast, by Region, 2019–2027

6.4 Legumes & Pulses

6.4.1 Market Estimates & Forecast, 2019–2027

6.4.2 Market Estimates & Forecast, by Region, 2019–2027

6.5 Oilseeds

6.5.1 Market Estimates & Forecast, 2019–2027

6.5.2 Market Estimates & Forecast, by Region, 2019–2027

6.6 Others

6.6.1 Market Estimates & Forecast, 2019–2027

6.6.2 Market Estimates & Forecast, by Region, 2019–2027

7. Global Biofortification Market, by Approach

7.1 Introduction

7.2 Transgenic

7.2.1 Market Estimates & Forecast, 2019–2027

7.2.2 Market Estimates & Forecast, by Region, 2019–2027

7.3 Conventional Breeding

7.3.1 Market Estimates & Forecast, 2019–2027

7.3.2 Market Estimates & Forecast, by Region, 2019–2027

7.4 Agronomy

7.4.1 Market Estimates & Forecast, 2019–2027

7.4.2 Market Estimates & Forecast, by Region, 2019–2027

8. Global Biofortification Market, by Targeted Nutrient

8.1 Introduction

8.2 Vitamins

8.2.1 Market Estimates & Forecast, 2019–2027

8.2.2 Market Estimates & Forecast, by Region, 2019–2027

8.3 Minerals

8.3.1 Market Estimates & Forecast, 2019–2027

8.3.2 Market Estimates & Forecast, by Region, 2019–2027

8.4 Amino Acids

8.4.1 Market Estimates & Forecast, 2019–2027

8.4.2 Market Estimates & Forecast, by Region, 2019–2027

8.5 Others

8.5.1 Market Estimates & Forecast, 2019–2027

8.5.2 Market Estimates & Forecast, by Region, 2019–2027

9. Global Biofortification Market, by Region

9.1 Introduction

9.2 Latin America

9.2.1 Market Estimates & Forecast, 2019–2027

9.2.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.2.3 Market Estimates & Forecast, by Approach, 2019–2027

9.2.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.2.5 Brazil

9.2.5.1 Market Estimates & Forecast, 2019–2027

9.2.5.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.2.5.3 Market Estimates & Forecast, by Approach, 2019–2027

9.2.5.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.2.6 Guatemala

9.2.6.1 Market Estimates & Forecast, 2019–2027

9.2.6.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.2.6.3 Market Estimates & Forecast, by Approach, 2019–2027

9.2.6.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.2.7 Mexico

9.2.7.1 Market Estimates & Forecast, 2019–2027

9.2.7.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.2.7.3 Market Estimates & Forecast, by Approach, 2019–2027

9.2.7.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.2.8 Colombia

9.2.8.1 Market Estimates & Forecast, 2019–2027

9.2.8.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.2.8.3 Market Estimates & Forecast, by Approach, 2019–2027

9.2.8.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.2.9 Rest of Latin America

9.2.9.1 Market Estimates & Forecast, 2019–2027

9.2.9.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.2.9.3 Market Estimates & Forecast, by Approach, 2019–2027

9.2.9.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.3 Africa

9.3.1 Market Estimates & Forecast, 2019–2027

9.3.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.3.3 Market Estimates & Forecast, by Approach, 2019–2027

9.3.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.3.5 Nigeria

9.3.5.1 Market Estimates & Forecast, 2019–2027

9.3.5.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.3.5.3 Market Estimates & Forecast, by Approach, 2019–2027

9.2.5.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.3.6 Malawi

9.3.6.1 Market Estimates & Forecast, 2019–2027

9.3.6.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.3.6.3 Market Estimates & Forecast, by Approach, 2019–2027

9.3.6.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.3.7 Ghana

9.3.7.1 Market Estimates & Forecast, 2019–2027

9.3.7.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.3.7.3 Market Estimates & Forecast, by Approach, 2019–2027

9.3.7.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.3.8 Congo

9.3.8.1 Market Estimates & Forecast, 2019–2027

9.3.8.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.3.8.3 Market Estimates & Forecast, by Approach, 2019–2027

9.3.8.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.3.9 Rest of Africa

9.3.9.1 Market Estimates & Forecast, 2019–2027

9.3.9.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.3.9.3 Market Estimates & Forecast, by Approach, 2019–2027

9.3.9.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2019–2027

9.4.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.4.3 Market Estimates & Forecast, by Approach, 2019–2027

9.4.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.4.5 China

9.4.5.1 Market Estimates & Forecast, 2019–2027

9.4.5.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.4.5.3 Market Estimates & Forecast, by Approach, 2019–2027

9.4.5.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.4.6 India

9.4.6.1 Market Estimates & Forecast, 2019–2027

9.4.6.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.4.6.3 Market Estimates & Forecast, by Approach, 2019–2027

9.4.6.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.4.7 Bangladesh

9.4.7.1 Market Estimates & Forecast, 2019–2027

9.4.7.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.4.7.3 Market Estimates & Forecast, by Approach, 2019–2027

9.4.7.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2019–2027

9.4.9.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.4.9.3 Market Estimates & Forecast, by Approach, 2019–2027

9.4.9.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.5 Rest of the World (RoW)

9.5.1 Market Estimates & Forecast, 2019–2027

9.5.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.5.3 Market Estimates & Forecast, by Approach, 2019–2027

9.5.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.5.5 North America

9.5.5.1 Market Estimates & Forecast, 2019–2027

9.5.5.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.5.5.3 Market Estimates & Forecast, by Approach, 2019–2027

9.5.5.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.5.6 Middle East

9.5.6.1 Market Estimates & Forecast, 2019–2027

9.5.6.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.5.6.3 Market Estimates & Forecast, by Approach, 2019–2027

9.5.6.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

9.5.7 Europe

9.5.7.1 Market Estimates & Forecast, 2019–2027

9.5.7.2 Market Estimates & Forecast, by Targeted Crop, 2019–2027

9.5.7.3 Market Estimates & Forecast, by Approach, 2019–2027

9.5.7.4 Market Estimates & Forecast, by Targeted Nutrient, 2019–2027

10. Company Landscape

9.1 Introduction

9.2 Market Strategy

9.3 Key Development Analysis

(Expansions/Mergers and Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)

11. Company Profiles

11.1 DowDuPont

11.1.1 Company Overview

11.1.2 Financial Updates

11.1.3 Product/Business Segment Overview

11.1.4 Strategy

11.1.5 Key Developments

11.1.6 SWOT Analysis

11.2 Syngenta

11.2.1 Company Overview

11.2.2 Financial Updates

11.2.3 Product/Business Segment Overview

11.2.4 Strategy

11.2.5 Key Developments

11.2.6 SWOT Analysis

11.3 Bayer

11.3.1 Company Overview

11.3.2 Financial Updates

11.3.3 Product/Business Segment Overview

11.3.4 Strategy

11.3.5 Key Developments

11.3.6 SWOT Analysis

11.4 BASF SE

11.4.1 Company Overview

11.4.2 Financial Updates

11.4.3 Product/Business Segment Overview

11.4.4 Strategy

11.4.5 Key Developments

11.4.6 SWOT Analysis

12. Conclusion

LIST OF TABLES

Table 1 Global Biofortification Market, by Region, 2019–2027 (USD Million)

Table 2 Global Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 3 Global Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 4 Global Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 5 Latin America: Biofortification Market, by Country, 2019–2027 (USD Million)

Table 6 Latin America: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 7 Latin America: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 8 Latin America: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 9 Brazil: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 10 Brazil: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 11 Brazil: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 12 Guatemala: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 13 Guatemala: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 14 Guatemala: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 15 Mexico: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 16 Mexico: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 17 Mexico: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 18 Colombia: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 19 Colombia: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 20 Colombia: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 21 Rest of Latin America: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 22 Rest of Latin America: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 23 Rest of Latin America: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 24 Africa: Biofortification Market, by Country, 2019–2027 (USD Million)

Table 25 Africa: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 26 Africa: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 27 Africa: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 28 Nigeria: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 29 Nigeria: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 30 Nigeria: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 31 Malawi: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 32 Malawi: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 33 Malawi: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 34 Ghana: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 35 Ghana: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 36 Ghana: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 37 Congo: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 38 Congo: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 39 Congo: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 40 Rest of Africa: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 41 Rest of Africa: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 42 Rest of Africa: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 43 Asia-Pacific: Biofortification Market, by Country, 2019–2027 (USD Million)

Table 44 Asia-Pacific: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 45 Asia-Pacific: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 46 Asia-Pacific: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 47 China: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 48 China: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 49 China: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 50 India: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 51 India: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 52 India: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 53 Bangladesh: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 54 Bangladesh: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 55 Bangladesh: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 56 Rest of Asia-Pacific: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 57 Rest of Asia-Pacific: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 58 Rest of Asia-Pacific: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 59 Rest of the World (RoW): Biofortification Market, by Country, 2019–2027 (USD Million)

Table 60 Rest of the World (RoW): Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 61 Rest of the World (RoW): Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 62 Rest of the World (RoW): Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 63 North America: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 64 North America: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 65 North America: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 66 Middle East: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 67 Middle East: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 68 Middle East: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

Table 69 Europe: Biofortification Market, by Targeted Crop, 2019–2027 (USD Million)

Table 70 Europe: Biofortification Market, by Approach, 2019–2027 (USD Million)

Table 71 Europe: Biofortification Market, by Targeted Nutrient, 2019–2027 (USD Million)

LIST OF FIGURES

FIGURE 1 Global Biofortification Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of the Global Biofortification Market

FIGURE 4 Value Chain of the Global Biofortification Market

FIGURE 5 Share of the Global Biofortification Market in 2018, by Country (%)

FIGURE 6 Global Biofortification Market, by Region, 2019–2027,

FIGURE 7 Global Biofortification Market Size, by Targeted Crop, 2018

FIGURE 8 Share of the Global Biofortification Market, by Targeted Crop, 2019–2027 (%)

FIGURE 9 Global Biofortification Market Size, by Approach, 2018

FIGURE 10 Share of the Global Biofortification Market, by Approach, 2019–2027 (%)

FIGURE 11 Global Biofortification Market Size, by Targeted Nutrient, 2018

FIGURE 12 Share of the Global Biofortification Market, by Targeted Nutrient, 2019–2027 (%)