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The global genetically modified food market has been significantly growing due to the rise
in demand for healthy and nutritional food products by consumers of different age group.
Genetically modified (GM) foods are foods which are derived from organisms whose
genetic material (DNA) has been modified in such a way that it does not occur naturally,
e.g. through the introduction of a gene from a different organism (i.e. plants, animals or
microorganisms). Foods produced from by using GM organisms are often referred to as GM
foods. The major advantages of genetically modified foods are better texture, flavor and
high nutritional value along with longer shelf life. However, unusual taste over non-GM
food and safety concerns as it might interfere with the body normal functioning are some
of the disadvantages of genetically modified food.
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Genetically Modified Foods: Drivers and Restraints
The major factors driving the genetically modified food market are high nutritional content
in the food, high production quantity and less requirement of pesticides. However, damage
to beneficial insects and soil fertility coupled with genetic pollution, absence of any
centralized government regulation and lack of awareness about the benefits of GMO are
factors which are restraining the market potential growth. Rising demand for healthy food
products, year round and easy availability of genetically modified food are main trends in
the genetically modified food market globally.
Genetically Modified Foods: Segmentation
Genetically modified food market...