An additional method by which crops are bred to improve their health benefits is biofortification.
Biofortification distinguishes itself from conventional fortification by emphasising the development of increasingly nourishing plant foods through the incorporation of supplements into the ingredients.
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A novel concept, biofortification involves the breeding of crops to increase their nutritional value. Biofortification, in contrast to conventional fortification, places emphasis on the production of plant-based foods that are more nutritionally dense, as opposed to the post-processing of nutrients into foods. Biofortification is, in fact, a method employed to address the issue of micronutrient deficiencies prevalent in developing nations. Genetic modification, seed priming, and selective breeding are the three techniques utilised in biofortification to increase the nutritional value of plant foods.
It is expected that technological advancements and increased capital expenditures for agronomic activities will drive the growth of the biofortification market in the coming years. Biofortification of vast quantities in crops including sweet potatoes, beans, wheat, maize, cassava, rice and pearl millet is anticipated to fuel the expansion of the industry in the coming years. Furthermore, the substantial implementation of biofortification in crops such as tomatoes, bananas, sorghum, and barley with the aim of augmenting their nutritional content will generate profitable opportunities for market expansion in the coming years.
Micronutrient deficiency is most prevalent in developing regions, with iron, zinc, and vitamin A deficiencies affecting the majority of the population in these economies. Biofortification, on the other hand, improves the proportions of micronutrients in staple foods and aids in the reduction of micronutrient deficiencies among the populace, particularly children. Consequently, this has generated substantial biofortification demand in emerging economies. Additionally, biofortification is minimal, and the expenses associated with biofortified food cultivation are negligible.
Consequently, the revenue of the Biofortification market will increase in the future years. In the coming years, the biofortification market will expand at an accelerated rate due to the rising demand for healthy foods that promote the intellectual and physical development of children.
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The Global Biofortification Market is segmented based on product, application and region
Global Biofortification Market: Product Segment Analysis
● Sweet Potato
● Pearl Millet
● Cassava
● Wheat
● Rice
● Beans
● Corn
Global Biofortification Market: Application Segment Analysis
● Zinc
● Vitamins
● Iron
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The global Biofortification market profiles key players such as:
● Syngenta
● Bayer
● BASF SE
● DowDuPont
● others
Analysis of Regional Biofortification Markets Worldwide
The global biofortification market is segmentable into the following five primary areas: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
The Asia Pacific region currently holds a dominant position in the global biofortification market, and this trend is anticipated to persist in the foreseeable future. Additionally, biofortification increases the nutritional value of food products and has enormous development potential in agricultural activities. It is anticipated that the biofortification market in APAC will maintain its substantial growth trajectory that has been observed over the last five years, into the next decade. Consequently, the increasing desire of consumers for food constituents that are rich in nutrients will drive the demand for biofortified crops in the area, thus contributing to the expansion of the biofortification market.
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