Non-GMO means oil or product produced without genetic engineering. This implies there is no modification in the DNA of food crops, animals, plants, and microorganisms. Ingredients processed and derived from a plant source and grown naturally without any DNA-level modification are known as non-GMO ingredients. Non-GMO labeled certification is given by food authorities based on the raw material utilized in oil. Consumers are showing more interest in knowing the key ingredients present in processed oil.
MARKET DYNAMICS
The increasing demand for healthy food products ingredients in the global food and beverage industry has upsurge the demand for non-GMO oil. Some of the significant factors behind this market's growth are growing awareness about healthy lifestyles and various diseases caused by GMOs, the health benefit of non-GMO oil over GMO oil, rising concerns towards the environment, and increasing demand in animal feed to increasing humanization among pet owners. Increasing awareness regarding the significance of clean label oil ingredients are boosting the demand of non-GMO oil. Rising demand for non-GMO oil in cosmetic and personal care sectors offers more health benefits over GMO, which will also surge its demand. The product containing GMO oil is also propelling the demand for non-GMO oil in the upcoming years. Also, there is an increasing demand for non-GMO oil in various sectors, which will raise the demand for non-GMO oil in the coming years.
MARKET SCOPE
The "Global Becan Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the becan market with detailed market segmentation by nature, product type, end use and geography. The global becan market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading becan market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global becan market is segmented on the basis of nature, produt type, and end use. On the basis of nature the global becan market is segmented into organic and conventional. By product type the becan market is classified into soyabean oil, canola oil, avocado oil, coconut oil, grapeseed oil and others. Based on end use the global becan market is segmented into food industry, bakery, snacks and confectionaries, cosmetics and personal care and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global becan market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The becan market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the becan market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the becan market in these regions.
MARKET PLAYERS
The reports cover key developments in the becan market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from becan market are anticipated to lucrative growth opportunities in the future with the rising demand for becan in the global market. Below mentioned is the list of few companies engaged in the becan market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the becan market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Chosen Foods LLC
- Cargill Inc.
- Centra Foods
- Catania Spagna
- Pleasant Valley Oil Mills
- Jedwards International, Inc.
- Spectrum Organic Products, Llc
- Nexcel Natural Ingredients
- Coltura, LLC dba Coltura Foods
- Hain Celestial
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.