South Korea's Export Momentum Holds Up Ahead of US Tariff Deal
Exports rose 5.9% in July from a year earlier, customs data showed Friday, beating a consensus estimate of 5.1% growth. On a working-day adjusted basis, exports also gained 5.9%, following a 6.8% increase in June. Unadjusted imports edged up 0.7%, resulting in a trade surplus of $6.6 billion.
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Rise in Demand for Transparent Labeling Boosts Sales
DUBLIN--(BUSINESS WIRE)--The "Non-GMO Food Market Overview 2025-2033" report has been added to offering. Non-GMO Food Market is expected to reach US$ 476.08 billion by 2033 from US$ 309 billion in 2024, with a CAGR of 4.92% from 2025 to 2033 Among the drivers propelling the market in North America are the growing demand for food items made with non-GMO seeds, the growing promotion of sustainable agricultural methods, and growing health consciousness. Today's customers' growing interest in health and wellbeing is a major driver propelling the non-GMO food market's expansion. Customers are considerably more inclined to choose natural and organic food items now that they are aware of the terrible concerns associated with genetically modified organisms (GMOs). Because non-GMO is linked to environmental friendliness, openness in food production, and internet information that may help consumers make better decisions when making purchases, it is therefore seen as safe and healthful. The market will continue to develop as a result of individuals looking for non-genetically modified organisms in production due to dietary concerns such allergies and dietary sensitivities. Additionally, in response to customer demand, food producers are offering a broad variety of non-GMO-certified items, ranging from processed foods to fresh fruit. The market is also anticipated to expand as a result of growing expenditures made by industry participants in their R&D divisions for the manufacturing of non-GMO goods. Because of its nutritional profiles and health advantages, vegan and vegetarian food consumption has also been more popular in recent years. As a result, market participants are introducing novel plant-based meals as substitutes for foods that cause sensitivity and intolerance. Furthermore, because plant-based meals have all necessary development nutrients and natural products, there is a growing demand for them in infant food. Danone SA introduced a new dairy and plant blend baby food product in July 2022. Non-GMO soy and additional plant components make up the plant blend. Key Factors Driving the Non-GMO Food Market Growth Growing Interest in Natural and Organic Products Demand for natural and organic products has surged due to consumers' growing desire for better lives; non-GMO foods are receiving special focus. Many customers value items devoid of synthetic chemicals, pesticides, and genetic changes, and they often link non-GMO foods with organic and clean-label alternatives. Those who value chemical-free, ecologically friendly food options may find this overlap between the non-GMO and organic industries appealing. More individuals are looking for items that fit with their ethical and health ideals as knowledge about food sources and processing techniques increases. Prominent food movements and wellness advocates that advocate for natural diets are also supporting this trend. The demand for these goods pushes manufacturers to spend money on organic farming and non-GMO certifications, increasing supply and propelling steady market expansion on a worldwide scale. Expanding Retail and Increasing Availability The number of supermarkets, specialty shops, and internet retailers carrying non-GMO items has increased dramatically in recent years. Retailers are adding a greater range of products to their shelves, from fresh fruit to processed and packaged items, in response to the rising customer demand for non-GMO choices. By providing easy purchasing and home delivery, e-commerce platforms expand accessibility even further and reach clients outside of conventional metropolitan areas. Even obscure non-GMO companies may reach a broader audience thanks to this development, which also boosts consumer choice and market penetration. Partnerships between manufacturers and retailers can simplify supply chains, guaranteeing the consistency and freshness of products. Non-GMO foods are growing more popular as distribution channels expand, which contributes to the continuous expansion of the industry. Consumer Preference for Openness in Food Non-GMO certification is a significant confidence signal since modern customers are demanding more information about food components, sourcing, and production techniques. Customers are looking for comfort about safety, ethics, and environmental effect, and they want clear information about whether products include genetically modified organisms. This desire encourages manufacturers and brands to use non-GMO certifications and statements on packaging, which increases their credibility and helps them stand out in crowded markets. Additionally, customers' preference for clean-label and minimally processed goods is in line with transparent labeling, which boosts consumer trust when making purchases. To meet the needs of this expanding market, businesses invest in traceability systems and strict adherence to regulations. In the end, the focus on openness boosts the non-GMO industry by fostering global customer loyalty and confidence. Challenges in the Non-GMO Food Market False Claims and Labels Because of false labeling and unsubstantiated claims, the non-GMO food sector confronts serious obstacles. Customers may become confused by ambiguous or inconsistent labeling, which makes it challenging for them to discern between items that are genuinely non-GMO and those that make evasive or misleading claims. This ambiguity erodes customer confidence and may harm the standing of respectable non-GMO companies. Market transparency may be further complicated if certain firms take advantage of the increased demand for non-GMO goods by using unsupported labeling to obtain a competitive edge. In order to enforce stringent labeling rules and carry out audits to guarantee authenticity, regulatory agencies and certification groups are essential. Nonetheless, deceptive assertions will continue to endanger consumer trust and market integrity in the absence of broad and consistent punishment. GMO Alternatives' Competition Genetically modified (GMO) food substitutes, which frequently provide increased crop yields, improved insect resistance, and increased tolerance to environmental challenges, pose a serious threat to non-GMO food producers. Because of these benefits, GMO crops are more affordable and desirable to large-scale farmers and agribusinesses, who can produce food in greater quantities and at cheaper rates. This competitive advantage makes it more difficult for non-GMO farmers to compete on price and supply consistency because they usually face greater production costs and poorer output. Furthermore, non-GMO solutions are further marginalized by GMO crops' established supply systems and broad acceptance in some areas. While negotiating this competitive environment, non-GMO growers must prioritize quality, sustainability, and customer preferences in order to be viable. Non-GMO Food Market Overview by Regions The market for non-GMO foods is expanding internationally, with North America and Europe leading the way because of stringent restrictions and increasing consumer awareness. While Latin America and Africa are developing markets with infrastructural and awareness issues, Asia-Pacific is expanding quickly due to growing health consciousness. Company Analysis: Overview, Key Persons, Recent Developments, SWOT Analysis, Revenue Analysis Amy's Kitchen, Inc. Blue Diamond Growers Organic Valley The Hain Celestial Group, Inc. Nestle S.A. The Kellogg's Company PepsiCo Inc. Pernod Ricard Clif Bar & Company Danone SA Key Attributes: Report Attribute Details No. of Pages 200 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $309 Billion Forecasted Market Value (USD) by 2033 $476.08 Billion Compound Annual Growth Rate 4.9% Regions Covered Global Expand Key Topics Covered: 1. Introduction 2. Research & Methodology 2.1 Data Source 2.1.1 Primary Sources 2.1.2 Secondary Sources 2.2 Research Approach 2.2.1 Top-Down Approach 2.2.2 Bottom-Up Approach 2.3 Forecast Projection Methodology 3. Executive Summary 4. Market Dynamics 4.1 Growth Drivers 4.2 Challenges 5. Non-GMO Food Market 5.1 Historical Market Trends 5.2 Market Forecast 6. Market Share Analysis 6.1 By Product Type 6.2 By Distribution Channel 6.3 By Countries 7. Product Type 7.1 Cereals and Grains 7.1.1 Market Analysis 7.1.2 Market Size & Forecast 7.2 Liquor 7.3 Meat and Poultry 7.4 Bakery Products 7.5 Edible Oils 7.6 Others 8. Distribution Channel 8.1 Supermarkets and Hypermarkets 8.1.1 Market Analysis 8.1.2 Market Size & Forecast 8.2 Food Service 8.3 Convenience Stores 8.4 Online Stores 8.5 Others 9. Countries 9.1 North America 9.1.1 United States 9.1.1.1 Market Analysis 9.1.1.2 Market Size & Forecast 9.1.2 Canada 9.2 Europe 9.2.1 France 9.2.2 Germany 9.2.3 Italy 9.2.4 Spain 9.2.5 United Kingdom 9.2.6 Belgium 9.2.7 Netherlands 9.2.8 Turkey 9.3 Asia Pacific 9.3.1 China 9.3.2 Japan 9.3.3 India 9.3.4 South Korea 9.3.5 Thailand 9.3.6 Malaysia 9.3.7 Indonesia 9.3.8 Australia 9.3.9 New Zealand 9.4 Latin America 9.4.1 Brazil 9.4.2 Mexico 9.4.3 Argentina 9.5 Middle East & Africa 9.5.1 Saudi Arabia 9.5.2 UAE 9.5.3 South Africa 10. Value Chain Analysis 11. Porter's Five Forces Analysis 11.1 Bargaining Power of Buyers 11.2 Bargaining Power of Suppliers 11.3 Degree of Competition 11.4 Threat of New Entrants 11.5 Threat of Substitutes 12. SWOT Analysis 12.1 Strength 12.2 Weakness 12.3 Opportunity 12.4 Threats 13. Pricing Benchmark Analysis 13.1 Amy's Kitchen, Inc. 13.2 Blue Diamond Growers 13.3 Organic Valley 13.4 The Hain Celestial Group, Inc. 13.5 Nestle S.A. 13.6 The Kellogg's Company 13.7 PepsiCo Inc. 13.8 Pernod Ricard 13.9 Clif Bar & Company 13.10 Danone SA 14. Key Players Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
