Genetically Modified (GM) Food: Answer to Food Security and Sustainability?
USA, Brazil, Argentina, Canada, India, and China are among the largest commercial producers of Genetically Modified (GM) food in the world. Spain is the top GM food grower in the European Union. Last year, Kenya lifted a decade-long ban on the cultivation and import of GM foods. Recently, Australia approved four GM crops for cultivation. Around 30 countries in the world grow GM foods such as maize/corn, cotton, soybean, pumpkin, squash, canola, onion, brinjal/aubergine, etc. The cultivation and consumption of GM foods is on the rise and this reflects in its market size and potential. The GM food market generated a market value of USD102.8 billion in 2022 and it is expected to reach 188.13 billion in the next 10 years at a CAGR of 6.2%.
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