GMO Corn Market
GMO Corn Market By Trait (Herbicide Tolerant, Insect Tolerant & Other Traits), By Application (Food, Feed & Residual, Biodiesel), By Sales Channel (Direct Sales, Modern Trade, Convenience Stores) & By Region - Global Market Insights 2023 to 2033
Analysis of GMO Corn Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
GMO Corn Market Outlook (2023 to 2033)
The global GMO corn market is valued at US$ 264 billion in 2023 and is expected to reach a market size of US$ 440 billion by the end of 2033. The market is forecasted to expand at a CAGR of 5.2% from 2023 to 2033.
- Sales of GMO corn through modern trade channels are expected to rise rapidly at a CAGR of 7% over the decade.
- Modern trade channels provide more ease and accessibility when choosing items from a wide range of options.
A particular kind of genetically modified organism is GMO corn. A GMO is a plant or animal that has undergone genetic alteration by the insertion of a tiny amount of genetic material from another species using molecular methods. GMOs feature genetic characteristics that provide insect protection, and pesticide tolerance or increase their quality.
Applications of modern plant biotechnology assisted in introducing the required advantageous features in widely cultivated commercial crops. These features in crops have made it easier and less expensive for farmers to lessen the burden of weeds and insect pests. Farmers have been encouraged to choose GMO crops over farm-saved or other traditional seeds by the benefits of cultivating them.
Growing instability in global weather conditions continues to hinder farming produce, and agriculturists are compelled to adopt new techniques. Maize crops or corn, which are among the key sources of energy for consumers, are being cultivated as genetically modified organisms (GMOs) to meet the growing demands.
Bioengineering technologies are being adopted by farmers, and leading biotech companies are partnering with players in the agriculture sector to promote the production of GMO corn. Government initiatives toward extending the penetration of GMO techniques in the agriculture sector are also driving market growth.
Global demand for GMO crops and seeds is expected to rise significantly over the coming years due to the urgent need to enhance crop production. Due to the rapidly growing world population, traditional agricultural practices cannot produce enough crops to satisfy the increasing worldwide need for food.
Farmers are adopting new technologies to produce crops that can satisfy the demand of the expanding population. The environment is protected as GMO techniques help to decrease food loss and waste, enhance soil and water management, and increase productivity.
GMO seeds provide superior qualities that boost agricultural output, permit increased shelf life, and offer improved insect resistance. The creation of innovative GMO crops that are more herbicide-resistant as well as insect- and pathogen-resistant is being pursued by seed and crop producers who use genetically modified organisms.
GMO Corn Market Size (2023)
US$ 264 Billion
Projected Market Value (2033)
US$ 440 Billion
Global Market Growth Rate (2023 to 2033)
Market Share of Stacked (HT+IT) Trait (2023)
Key Companies Profiled
What is Stimulating GMO Corn Market Revenue Growth?
“Increasing Preference for Biofuels over Fossil Fuels”
Rise in the use of biofuels is one of the major drivers propelling the market. Demand for biofuels is being driven by consumers' increased environmental awareness. Energy crops, including GMO soybeans, and GMO corn are used to make biofuels.
Biofuels offer environmental sustainability, lower the world's reliance on fossil fuels, and reduce pollution. Governments are working to promote the use of biofuels while reducing the use of conventional fuels.
Huge demand for biofuel produced from genetically modified crops is anticipated to bolster market expansion throughout the projection period. The promise of a better yield or higher quality feedstock has led to the promotion of GMO corn as a fresh option for the production of biofuels.
Biofuels are anticipated to become popular because consumers are choosing more environmentally friendly forms of transportation over fossil fuels. This is expected to boost the demand for GMO corn over the forecast period.
“Growing Farmer Acceptance of Advanced Bioengineering Technologies”
Growing farmer acceptance of advanced bioengineering technologies, strategic alliances amongst the top companies in the agricultural industry to boost output, and expanding sales of GMO corn through direct channels are all factors driving market demand.
GMO corn crops experience fewer insect infestations, which results in reduced mycotoxin levels. Also, fewer insect attacks prevent corn ears from being damaged, increasing total yields. Government measures, including financing to foster education on agro-biotechnology and stacked trait products, are propelling market expansion.
“Constant Advancements in Agriculture Industry”
GMO crops are the outcome of significant scientific advances in the agriculture industry. The cost of managing and controlling weeds and insect pests has greatly decreased because of GMO crops.
It is anticipated that GMO crops would be crucial in addressing the problems of inadequate agricultural productivity and food insecurity. Cultivating GMO crops also helps to lessen environmental impact and the need to spray hazardous synthetic pesticides.
Recent advances in biotechnology have facilitated the expansion of the agriculture industry. Researchers have successfully modified genes in lab settings. GMO seeds are created by directly manipulating genes inside the DNA of the seed, as opposed to the traditional approach of a natural process that modifies genes over generations of cross-fertilization.
Crop output is considerably boosted when genetically modified seeds are used in commercial agriculture. The demand for GMO seeds is projected to expand as a result of these promising results over the coming years.
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What is Hampering Global Demand for GMO Corn?
“Presence of Biotoxins in GMO Crops and Strict Regulations”
Increasing awareness of the presence of biotoxins in GMO crops has emerged as a key deterrent to the consumption of GMO corn. Social issues and strict regulations are likely to restrain the spread of genetically modified agricultural practices.
The elimination of several heritage crop types is a drawback of the introduction of GMO corn. The market for GMO corn is constrained by perceptions held by particular ethnic communities that are opposed to gene engineering.
Which Region is Providing Optimistic Opportunities for Market Players?
“Higher Acceptance of GMO Corn among Consumers in North America”
- North America is the most lucrative regional market for GMO corn suppliers with 40% share.
Higher acceptance of GMO corn among consumers is supporting market expansion in the region. The need for planting seeds and the size of the planted area are both heavily influenced by the demand for corn produced for export.
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Why is the United States a Prominent Market for GMO Corn Manufacturers?
“Growing Need for Corn in Animal Feed”
The market in the United States is anticipated to experience significant expansion over the projection period due to the growing need for corn in animal feed. Increase in initiatives by established players to expand their businesses in the GMO corn sector. Over the projection period, new features introduced in a variety of crops are anticipated to promote market growth for GMO corn.
Why is Germany Witnessing High Demand for GMO Corn?
“Growing Government Support for Promotion of Genetically Modified Seeds”
The market in Germany is driven by an increase in sales of GMO corn through direct channels, the presence of top GMO corn suppliers, and the cultivation of corn crops in large quantities. One of the key drivers of market expansion is the government's growing support for the promotion of genetically modified seeds.
What are the Prospects for GMO Corn Sales in Japan?
“Increasing Awareness about Advantages of GMO Corn among Farmers”
The market in Japan is expanding due to recent advances in biotechnology. Crop quantity and quality are impacted by the unpredictable weather and low agricultural yield in Japan. It is anticipated that GMO corn would contribute to higher agricultural yields in these areas, driving the market. Growing awareness about the advantages of GMO corn among farmers is boosting market expansion in Japan.
Which Trait is Forecast to Gain a Leading Market Share?
“Stacked Trait More Preferred Due to Resistant to Weeds & Insects”
By trait, the market is segmented into herbicide tolerant, insect tolerant, stacked (HT+IT), and other traits.
Stacked (HT+IT) trait accounts for 60% share of the global market. Researchers estimate that globally, weeds reduce maize yields by around 10% and insects cause a loss of yield of approximately 30%. Stacked trait provides major production gains because they are resistant to weeds and insects. The release of stacked trait products is increasing significantly because of their unique properties.
Which Application Will Emerge as Key Market Contributor?
“GMO Corn Widely Used in Feed Production and Residual Applications Due to its Superior Qualities”
Based on application, the market is divided into food, feed & residual, biodiesel, and other applications. The use of GMO corn in feed production and residual applications is expected to increase significantly over the forecast period.
GMO corn is widely utilized to make animal feed. The crop's output has expanded as a consequence of the rising demand for animal feed. Because of its superior qualities, higher yields as a feed component, and safety for animals, GMO corn supports the livestock business.
Relevant GMO crops are maize, canola, cottonseed, soybean, and potato as sources of ingredients for animal feed. These crops are primarily employed as a source of protein or energy in animal feed.
Know thy Competitors
Competitive landscape highlights only certain players
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Leading companies are focusing on quality control, supply chain management, and pricing trends. They are maintaining product standards and expanding their partnerships with governments to fulfil future demands.
Top businesses are engaged in research and development (R&D) operations to increase their market share. Key market players are implementing new developments in production techniques while following safety regulations to stay one step ahead of the competition.
- In 2019, Syngenta AG shifted its attention away from cereal breeding and concentrated on rebuilding corn since it expects that corn has strong development potential.
Key Segments of GMO Corn Industry Research
By Trait :
- Herbicide Tolerant
- Insect Tolerant
- Stacked (HT+IT)
- Other Traits
By Application :
- Feed & Residual
- Other Applications
By Sales Channel :
- Direct Sales
- Modern Trade
- Convenience Stores
- Other Retail Outlets
By Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- FAQs -
The global GMO corn market is valued at US$ 264 billion in 2023.
Worldwide sales of GMO corn are set to reach US$ 440 billion by 2033.
Demand for GMO corn is anticipated to increase at a CAGR of 5.2% through 2033.
Stacked (HT+IT) trait accounts for 60% share of the global market.
North America accounts for 40% share of the global market.