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