Thursday, 21 December 2017

Non-GMO Processed Food Market in China 2017-2021

MRC Announces the Publication of its Research Report – Non-GMO Processed Food Market in China 2017-2021
MRC recognizes the following companies as the key players in the non-GMO processed food market in China: China Beijing Organic and Beyond Corporation (OABC), Epermarket, Beijing Noah Agricultural Development, Tony’s Farm, and TooToo Organic Farm
Other Prominent Vendors in the market are: Beijing Green Yard Ecological Agriculture Development, Carrefour China, China Dalian Xinglongken Organic Products, FIELDS CHINA, Helekang, Naturz Organics China, Shanghai Food, Shanghai Yung State Investment Management, Vert, and Walmart China.
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Demand for transparency in labeling. Consumers are becoming aware of the composition of food items they consume and have started to pay attention to the nutritional value and ingredients mentioned on the product labeling. When it comes to non-GMO processed products like beverages; edible oils; and others, there are several other ingredients that are also added in the product. To validate the finished good as a non-GMO food, it is necessary that all only non-genetically modified ingredients are used in the making.”
According to the report, one of the major drivers for this market is Health and food safety concerns regarding genetically modified (GMO) foods. In the recent past, there has been a lot of research in the field of genetics. Experiments are being conducted on plants and animals by changing their gene mutations. The GMO crops has several benefits like increased yield, specific features, and much more. However, it poses significant risks to the health of living beings and environment. The genetic modification of a crop changes its natural behavior towards various stimuli. The genetic simulation of crops can lead to the formation of toxic substances that can cause significant health hazards. Studies conducted by several health organizations have found the adverse effects of consumption of GMO foods when experimented on rats.

Further, the report states that one of the major factors hindering the growth of this market is Premium pricing of non-GMO foods. One of the major challenges for the adoption of non-GMO and organic food products is their premium pricing. This is majorly due to the imbalance between demand and supply of non-GMO foods. There are very few farmers and producers of non-GMO crops and their yield is low in comparison to that of GMO crops. The dismal production and heavy demand increase the prices of non-GMO foods, not just in China but worldwide.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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