Biofortification Market: By Crop (Sweet potato, Rice, Cassava, Wheat, Corn, Beans, Pearl millet, and Others), By Target Nutrient (Zinc, Iron, Vitamins, and Others), and Geography  

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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).

Global Biofortification Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

8.6%

Largest Market

Europe

Fastest Growing Market

Asia-Pacific
Biofortification Market Dynamics

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).

Global Biofortification Market Segmentation

By Crop
  • Sweet potato
  • Rice
  • Cassava
  • Wheat
  • Corn
  • Beans
  • Pearl millet
  • Others
By Target Nutrient
  • Zinc
  • Iron
  • Vitamins
  • Others

Frequently Asked Questions

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)

Key Features of the Reports

  • Global biofortification market expanding at significant CAGR over 2023 to 2029 owing increase in demand for the biofortified nutrient products.
  • Based on Crop type, sweet potato segment of biofortification accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
  • Players focusing on launch of newer products and collaboration strategies to retain market position in global biofortification market
1. Executive Summary
2. Global Biofortification Market Introduction 
2.1.Global Biofortification Market  - Taxonomy
2.2.Global Biofortification Market  - Definitions
2.2.1.Crop
2.2.2.Target Nutrient
2.2.3.Region
3. Global Biofortification Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Biofortification Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Biofortification Market  By Crop, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Sweet potato
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Rice
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Cassava
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Wheat
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Corn
5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Beans
5.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
5.7. Pearl millet
5.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.7.3. Market Opportunity Analysis 
5.8. Others
5.8.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.8.3. Market Opportunity Analysis 
6. Global Biofortification Market  By Target Nutrient, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Zinc
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Iron
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Vitamins
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Others
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7. Global Biofortification Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8. North America Biofortification Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. Crop Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Sweet potato
8.1.2.Rice
8.1.3.Cassava
8.1.4.Wheat
8.1.5.Corn
8.1.6.Beans
8.1.7.Pearl millet
8.1.8.Others
8.3.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9. Europe Biofortification Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. Crop Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Sweet potato
9.1.2.Rice
9.1.3.Cassava
9.1.4.Wheat
9.1.5.Corn
9.1.6.Beans
9.1.7.Pearl millet
9.1.8.Others
9.2.  Target Nutrient Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Zinc
9.2.2.Iron
9.2.3.Vitamins
9.2.4.Others
9.3.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
9.3.6.Rest of EU
10. Asia Pacific (APAC) Biofortification Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Crop Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Sweet potato
10.1.2.Rice
10.1.3.Cassava
10.1.4.Wheat
10.1.5.Corn
10.1.6.Beans
10.1.7.Pearl millet
10.1.8.Others
10.2.  Target Nutrient Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Zinc
10.2.2.Iron
10.2.3.Vitamins
10.2.4.Others
10.3.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11. Middle East and Africa (MEA) Biofortification Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Crop Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Sweet potato
11.1.2.Rice
11.1.3.Cassava
11.1.4.Wheat
11.1.5.Corn
11.1.6.Beans
11.1.7.Pearl millet
11.1.8.Others
11.2.  Target Nutrient Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Zinc
11.2.2.Iron
11.2.3.Vitamins
11.2.4.Others
11.3.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12. Latin America Biofortification Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Crop Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Sweet potato
12.1.2.Rice
12.1.3.Cassava
12.1.4.Wheat
12.1.5.Corn
12.1.6.Beans
12.1.7.Pearl millet
12.1.8.Others
12.2.  Target Nutrient Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Zinc
12.2.2.Iron
12.2.3.Vitamins
12.2.4.Others
12.3.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Bayer (Germany)
13.2.2.Intertek (U.K.)
13.2.3.Syngenta (Switzerland)
13.2.4.DowDuPont (US)
13.2.5.Mosanto (U.S.)
13.2.6.BASF (US)
14. Research Methodology 
15. Appendix and Abbreviations 

 

  • Bayer (Germany)
  • Intertek (U.K.)
  • Syngenta (Switzerland)
  • DowDuPont (US)
  • Mosanto (U.S.)
  • BASF (US)

Adjacent Markets