- Sweet potato
- Pearl millet
Biofortification Market size was valued at USD 77.87 billion in 2022 and is poised to grow at a CAGR of 8.6% from 2023 to 2029. Owing to rising funds for the agrigenomics and demand for high nutritional content food are the major factors driving the growth of the market. Moreover, technological advancements in the biofortification market enhances the growth of the market. However, lack of awareness among the farmers hampers the growth of the market. This report studies global biofortification market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global biofortification market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
Fastest Growing Market
Based on Crop, sweet potato segment is expected to grow at highest CAGR over the forecast years due to the demand for the biofortified crops such as sweet potato and cassava that has been increased with the rising technological advancements that increases the nutrient content in sweet potatoes, particularly in orange fleshed sweet potato (OFSP).
The key segments covered in the biofortification market are: by crop, target nutrient and geography
The biofortification market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The biofortification market key players are: Bayer (Germany), Intertek (U.K.), Syngenta (Switzerland), DowDuPont (US), Mosanto (U.S.), BASF (US)