The non-GMO oil market is anticipated to increase at a CAGR of 3.9% over the forecasted period, according to data from Future Market Insights. According to projections, the market will be worth USD 1,886.9 Million by 2032, up from USD 1,287.1 Million in 2022.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | USD 1,287.1 Million |
| Market Forecast Value in 2032 | USD 1,886.9 Million |
| Global Growth Rate (2022 to 2032) | 3.9% |
| Forecast Period | 2022 to 2032 |
| Market Share of Germany in the global market | 29% |
In the worldwide food and beverage industry, nearly half of the customers (about 47.6%) prefer not to purchase genetically or bioengineered products. One of the reasons people steer clear of genetically modified foods is concern over potential harm to human, environmental, and animal health.
With a product launch with a non-GMO claim having tripled from 2012 to 2015, non-GMO has seen the fastest increase among non-GMO claims over the past ten years. The food oil industry has undergone a revolution and experienced rapid expansion as a result of the booming demand for non-GMO goods in the global food and beverage sector.
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The global market for non-GMO oil market has seen a lot of growth from 2017 to 2021, the global non-GMO oil market was valued at USD 1042.7 Million in 2017 and it increased to 1234.0 in 2021 at a CAGR of 4.3%.
According to FMI, the global Non-GMO oil market is forecasted to rise during the projected period from 2022 to 2032 at a CAGR of 3.9%.
The global food and beverage industry's rising desire for healthier ingredients has increased the demand for non-GMO oil. Another factor influencing the significant increase in non-GMO oil consumption among the general population, particularly among fitness freaks and health enthusiasts, is the potential health advantages of non-GMO oil over GMO oil. Rising environmental consciousness is also fueling a thriving non-GMO oil sector.
The global food and beverage industry's rising desire for healthier ingredients has increased the demand for non-GMO oil. Another factor influencing the significant increase in non-GMO oil consumption among the general population, particularly among fitness freaks and health enthusiasts, is the potential health advantages of non-GMO oil over GMO oil. Rising environmental consciousness is also fueling a thriving non-GMO oil sector.
Cold press non-GMO oil is gaining popularity as a result of its superior nutritional value and the fact that all the advantageous components are present in their natural state. On the other hand, the market for cosmetics and personal care products is seeing an increase in demand for non-GMO oil.
Germany has dominated the development and manufacturing of non-GMO oils worldwide. Aventis, a German business, was the first to market non-GMO canola oil in 1996. More than 1 million metric tonnes of non-GMO oils were produced in Germany in 2002. Today, Germany is the country that produces the most non-GMO canola oil worldwide.
The non-GMO business has received backing from the German government since its inception. Government legislation requiring the labeling of GMO-containing food products was passed in 1998. In Germany, a market for non-GMO products has been aided by this rule. Many businesses have therefore made investments in creating non-GMO versions of their products.
The non-GMO oil industry has long seen an explosive expansion in the Asia-Pacific area. The availability of non-GMO oils, the region's health-conscious culture, and the knowledge and promotion of these oils by businesses and governments are a few reasons for this.
The Asia-Pacific area has a culture of health enthusiasts, which has increased demand for healthier oils such as non-GMO varieties. Since more and more businesses are starting to create these oils, the supply has increased to meet the demand. Additionally, businesses and governments in the area have pushed awareness of the advantages of non-GMO oils.
Principal Consultant
In the coming ten years, the non-GMO oil market is anticipated to expand dramatically. Sunflower oil, soybean oil, and avocado oil are the primary factors driving this expansion.
Avocado oil is a product that is getting more and more well-liked among consumers because it is nutritious, sustainable, and useful. It has several uses in both culinary and cosmetics and is rich in monounsaturated fats and antioxidants.
Due to its high vitamin E concentration and adaptability, sunflower oil is another healthy choice that is becoming more and more well-liked. It is a fantastic option for individuals on a budget because it is also reasonably priced.
The global food and beverage industry's rising desire for healthier ingredients has increased the demand for non-GMO oil. Another factor influencing the significant increase in non-GMO oil consumption among the general population, particularly among fitness freaks and health enthusiasts, is the potential health advantages of non-GMO oil over GMO oil. Rising environmental consciousness is also fueling a thriving non-GMO oil sector.
GMO foods have a negative impact on the environment as well. Additionally, non-GMO oil is becoming more popular in animal feed as pet owners become more compassionate. Oils are primarily extracted using three methods: cold pressing, steam refinement, and expeller pressing, in the worldwide non-GMO oil industry.
Due to their excellent nutritional content and the fact that all the beneficial molecules are present in their natural state, cold press non-GMO oil is becoming more and more popular. On the other hand, the demand for non-GMO oil is rising as well in the cosmetics and personal care sector.
Non-GMO oil is a type of vegetable oil that does not contain genetically modified organisms. The market for this type of oil is growing due to several factors, including the health benefits it offers and the increasing availability of non-GMO products.
Health-conscious consumers are increasingly interested in non-GMO products, as they are concerned about the potential health risks associated with GMOs. Studies have shown that GMOs can cause allergies, gastrointestinal problems, and even cancer. As a result, many people are willing to pay more for non-GMO products, which is driving the growth of the non-GMO oil market.
In addition, the availability of non-GMO products is increasing as more companies switch to using non-GMO ingredients. This is especially true in Europe, where strict labeling laws require companies to clearly indicate if a product contains GMOs.
There are numerous competitors in the global non-GMO oil market, and these businesses are always eager to develop new product lines to meet consumer demand. Their primary goal is to offer customers cutting-edge products.
Market leaders in the non-GMO oil industry are expanding by focusing on things like technology advancements and ideas that can make customers' jobs easier and draw in new customers and by emphasizing ways to make it healthier.
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In a recently published Research, FMI in-depth covered the pricing strategies of non-GMO oil makers positioned across geographies, sales growth, production capacity, and speculative production expansion.
The full report includes recent alterations that have an impact on businesses that provide non-GMO oil that the FMI team has been monitoring.
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| Forecast period | 2022 to 2032 |
| Historical data available for | 2017 to 2022 |
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The Non-GMO oil market size is assessed to be USD 1,287.1 Million in 2022.
The Non-GMO oil market is expected to rise at a CAGR of 3.9%.
USA, China, Canada, Germany, China, India, UK are the major countries driving demand for Non-GMO oil market.
China Non-GMO oil market is projected to grow at a CAGR of around 5.0% over the next ten years.
Market share of Germany in non-GMO oil is about 29% of the global market.
Cargill inc, Chosen foods LLC, Jedward International, Inc., Pleasant Valley Oil, Coltura, LLC, Catania Spagna are expected to be the top players driving the market growth.
The global Non-GMO oil market is forecasted to surpass USD 1,886.9 Million by the end of 2032.
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