Growing expatriate population driving demand for non-GMO products in China

| August 4, 2016
This article or excerpt is included in the GLP’s daily curated selection of ideologically diverse news, opinion and analysis of biotechnology innovation.

Technavio analysts forecast the non-genetically modified organism (GMO) food market in China to grow at a CAGR of 20.49% during the forecast period, according to their latest report.

The research study covers the present scenario and growth prospects of the non-GMO food market in China for 2016-2020. . . .

Technavio food and beverage analysts highlight the following four factors that are contributing to the growth of the non-GMO food market in China:

  • Awareness and concern regarding the safety of GM food products
  • Influence of the growing expatriate population
  • Growth of organized retail
  • Regulations on GMO food products

. . . .

China stands as the third-most desirable destination for expatriates. . . .

. . . .The growth in the expatriate population will further fuel the demand for non-GMO and organic food products. “People from western countries are more health conscious . . . Most of the expatriate population in China is from the US, and over 80% of US families prefer organic food products,” says Arushi Thakur, one of Technavio’s industry expert for food research.

The GLP aggregated and excerpted this blog/article to reflect the diversity of news, opinion and analysis. Read full, original post: Influence of the Growing Expatriate Population Will Drive the Non-GMO Food Market in China Until 2020, Reports Technavio

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