Gmo Labelling Market Growth, Trends, Absolute Opportunity and Value Chain 2016-2026
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- Date Submitted: 04/14/2016 03:02 AM
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For food Genetically Modified Organism (GMO) or sometime also defined as genetically altered or genetically manipulated refer to any food products which has been altered at the gene level. GMO food products are created by transferring genetic material from other species in such a way that could not occur naturally or through any other traditional breeding methods. In terms of nutritional parameters such as protein, calories, fiber, carbohydrates and others. GMO crops are substantially equivalent to non-GMO crops. GMO labelling is primarily applicable for prepackaged food, packaged food and for food additives. The impact on the consumption of GMO food products is safe or not on long term basis is still not clear. However, sometime it may lead to allergenic effects or toxicity. Due to this many countries are now considering trade regulations for GMO foods through labelling which is expected to support the GMO labelling market over the forecast period.
Global Market Overview
Many developed nations are emphasizing on GMO labelling as they feel consumers must be aware of what they are actually consuming. Currently about 64 countries around the world require GMO label on the food products. According to the European legislations any food products manufactured in the European region containing more than 0.9% of genetically modified material must contain GMO labelling. This is helping the consumers to consume foods according to their choice and preferences that they should go for GMO products or GMO free products. It is also helping the manufacturers to launch and offer new products according to the consumer choice. As for instance in Europe the consumers are seeking for more GMO free products due to this in 2015 out of the total launched GMO free products 3.5 % was launched in Germany, 4.7% in Italy and 2.4% in U.K. In North America, the countries such as in U.S. initially GMO labelling was not mandatory as it increases the final product price, but in 2014 a law was...
Global Market Overview
Many developed nations are emphasizing on GMO labelling as they feel consumers must be aware of what they are actually consuming. Currently about 64 countries around the world require GMO label on the food products. According to the European legislations any food products manufactured in the European region containing more than 0.9% of genetically modified material must contain GMO labelling. This is helping the consumers to consume foods according to their choice and preferences that they should go for GMO products or GMO free products. It is also helping the manufacturers to launch and offer new products according to the consumer choice. As for instance in Europe the consumers are seeking for more GMO free products due to this in 2015 out of the total launched GMO free products 3.5 % was launched in Germany, 4.7% in Italy and 2.4% in U.K. In North America, the countries such as in U.S. initially GMO labelling was not mandatory as it increases the final product price, but in 2014 a law was...