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Global Biofortification Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Stratistics MRC's Global Biofortification Market value is expected to reach $187.5 billion growing at a CAGR of 10.8% during 2022-2028.Biofortification also known as biological fortification refers to nutritionally enriched food crops with better bioavailability to the human population which is developed and grown with the help of the modern biotechnology techniques, agronomic practices and conventional plant breeding. The biofortified food crops, mainly cereals, legumes, fruits and vegetables are offering adequate level of micronutrients to the targeted populations.
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Europe is projected to have the highest CAGR over the forecast period, owing to the growing adoption of new and improved technologies in farming activities in emerging countries. Moreover, the strong advancements in the agricultural sector, rising implementation of biofortification in crops also serves as drivers for increasing the demand for the market.
Some of the key players profiled in the Biofortification Market include Syngenta AG, The Mauro Seed Company, BASF SE, Intrexon Corporation, DowDuPont, Bayer AG, LemnaTec GMBH, HarvestPlus, Intertek, Agro BioSciences Inc, Monsanto, Charles River, Corteva agriscience, ArborGen Inc., Evogene Ltd, Mahyco and AgBioForum.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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