A bioengineered food or a genetically modified (GM) food refers to the food/feed that is derived from altering the genetic structure of an animal or plant. The use of genetically modified organism allows changing the genetic makeup of organism or food with the aim of inducing new trait to the plant/ animals, which do not occur naturally in the species. For example, in food crops, the use of genetic alteration can induce resistance to certain pests, environmental conditions, or diseases. The application of biotechnology in food dates back to 4000 BC where yeast was used to make wine and bake leavened bread, while around 2000 BC, the Egyptians, Chinese, and Sumerians developed techniques of fermentation, cheese-making and brewing.
According to a recent report published by Inkwood research “Global genetically modified foods market was valued at $22.7 billion in 2017, and it is estimated to generate a net revenue of approximately $35.2 billion by 2026, rising at a CAGR of 5.10% during the forecast period of 2018-2026.”
Genetically modified foods production reduces the need for pesticides
Genetically modified crops production reduces the need for pesticides as the GM crops are modified to be herbicide tolerant. GMO use in the products is relied upon to change how pesticides are utilized as a part of agriculture. Herbicides-tolerant GM crops have led to an increase in herbicides usage while insecticide-producing GM crops have led to a decrease in insecticides usage. As per the National Public Radio of U.S, genetically modified bioengineered insect-protected corn has allowed farmers to reduce their use of insecticides to fight the corn rootworms. According to the national institute of health, the well-being impacts of pesticides are not surely known, but their utilization has been related to conditions like malignancy, diabetes and neurological impacts.
Bioengineering plays a vital role
Genetically modified foods are also known as bioengineered foods that are rich in nutrition. Bioengineered foods are those foods which are being modified by genetic engineering techniques that encourage the production of crops which are rich in nutrients, exhibit faster growth and can resist diseases. Increasing awareness of health and fitness among consumers is primarily driving the demand of the Genetically Modified Food Market.
Asia Pacific is likely to be a significantly growing regional market
An industrial uprising of sorts is happening in the Asia-Pacific region, which blends urbanization with the rising middle class and rural economies. Government efforts to switch to self-sufficiency and sustainability could eventually streamline approval processes for genetically modified crops in this region. In 2008, China’s State Council approved a 13-year, $13.5 billion biotechnology initiative for domestic GM crop development. Only four domestically developed crops are commercially cultivated in the country, although some foreign developed GM field crops are approved for importation and food processing. China issues biosafety certificates for each GM crop trait; the certificates are valid for only three years, and many of them are set to expire within the next five years. The Primary applications of bioengineered crops are mainly in the agriculture sector and for various animal culture techniques.
With all the technological advancement there comes a little negativity. Although the demand for genetically modified food is surging, there has been a lot of debate concerning its negative impact. The genetically modified food has become a topic of debate as although it is beneficial for both consumers and food producers, it is also accompanied by potential environmental side effects and biomedical risks.
Read the entire report by Inkwood Research and get free sample @ https://www.inkwoodresearch.com/reports/genetically-modified-foods-market/
