Non-GMO Food Market in China to grow at a CAGR of 20.49% during the period 2016 - 2020; Finds New Report

Report forecast the non-GMO food market in China to grow at a CAGR of 20.49% during the period 2016-2020.

GM seeds have improved traits such as resistance to adverse environmental conditions, pests, and herbicides, and high yields. In 2015, the US dominated the global seeds market for GM seeds. Almost 40% of the world's GM crops are currently grown in the US. Monsanto held the largest share in the GM seeds market.

The report covers the present scenario and the growth prospects of the non-GMO food market in China for 2016-2020. To calculate the market size, the report considers revenue generated from the retail sales of non-GMO processed food products.

The market is divided into the following segments based on retail formats:

• Hypermarkets, supermarkets, and departmental stores
• Specialty retailers
• Convenience stores
• Online
• Others

According to the report, growth of organized retail providing more options to consumers will be a  key driver for market growth. The evolving food industry in China is marked by the emergence of a large number of retail stores such as hypermarkets, supermarkets, and specialty stores. Convenience and comfort are increasingly becoming two of the most important factors to customers with hectic lifestyles and work schedules. Large organized retail stores stock more brands and a variety of non-GMO food products under one roof, thereby providing more options to consumers. With the increase in brand consciousness among consumers, the importance of organized retailers carrying branded healthy products has increased. The entry of global players will further add to the sales through organized retail.

Further, the report states that illegal cultivation of GMO crops by the farmers will be a challenge for the market. China has strict rules and regulations in place for the cultivation and sale of GM crops, and the country has always promoted the production and adoption of non-GMO food products. The Chinese government has only allowed the commercial production of GM papaya and cotton in the country whereas GM soybeans, beets, rapeseed, and corn are imported overseas. Such imported GM crops and produce must only be used as animal feed and for oil extraction. However, many farmers nowadays are illegally producing GM crops in the country for human consumption.

Non-GMO Food Market in China 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the non-GMO food market in china: China Beijing Organic and Beyond, Epermarket, Noah Beijing Agricultural Development, Tony’s Farm, and TooToo Organic Farm.

Other Prominent Vendors in the market are: Beijing Green Yard Ecological Agriculture Development, Carrefour China, Fields China, Helekang, Shanghai Yung State Investment Management, Shanghai Food, Shanghai Green Life Agri-Tech Company, Vert, Walmart China, and YMT Organic Farm.

Market driver

• Awareness and concern regarding the safety of GM food products
• For a full, detailed list, view our report

Market challenge

• Use of contaminated soil and water
• For a full, detailed list, view our report

Market trend

• Focus on food security
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 79 pages and 40 Exhibit “Non-GMO Food Market in China 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, China profile, Market segmentation by product, Quality certifications, Segmentation by retail formats, Key leading cities, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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