| Product Code: ETC4600352 | Publication Date: Jul 2023 | Updated Date: Sep 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The Sri Lanka biofortification market is experiencing steady growth, driven by increasing awareness about the benefits of biofortified crops in combating malnutrition and improving overall health. Key crops such as rice, wheat, and maize are being biofortified to address micronutrient deficiencies prevalent in the population. Government initiatives, collaborations with research institutions, and partnerships with international organizations are further propelling the market forward. The adoption of biofortified crops is gaining traction among farmers and consumers alike, as they seek nutritious and high-yielding varieties. Challenges such as limited awareness, distribution infrastructure, and regulatory hurdles need to be addressed to unlock the full potential of the biofortification market in Sri Lanka. Overall, the market shows promise for growth and positive impact on public health in the country.
In Sri Lanka, the biofortification market is experiencing significant growth as consumers are becoming more health-conscious and seeking nutrient-dense food options. The government`s initiatives to address malnutrition and improve food security have also spurred interest in biofortified crops. There is a growing demand for biofortified staples such as rice, wheat, and maize that are enriched with essential nutrients like iron, zinc, and vitamin A. Opportunities exist for companies to invest in research and development of biofortified varieties suited to Sri Lanka`s agricultural conditions and consumer preferences. Collaborations with local farmers and organizations to promote the cultivation and consumption of biofortified crops can help tap into this emerging market segment and contribute to addressing nutritional deficiencies in the population.
In the Sri Lankan biofortification market, several challenges exist that hinder its growth and adoption. Limited awareness and understanding among farmers and consumers about the benefits of biofortified crops pose a significant obstacle. Additionally, the lack of access to quality seeds and technologies, as well as the high costs associated with implementing biofortification practices, further impede the market`s development. Inadequate government support and policies to promote biofortified crops also contribute to the challenges faced by stakeholders in the industry. Overcoming these hurdles will require collaborative efforts from government agencies, agricultural organizations, and research institutions to enhance awareness, improve access to resources, and create an enabling environment for the sustainable growth of the biofortification market in Sri Lanka.
The Sri Lanka Biofortification Market is primarily driven by increasing awareness among consumers about the nutritional benefits of biofortified crops, such as higher levels of essential vitamins and minerals. The government`s initiatives to address malnutrition and food insecurity by promoting biofortified crops also play a significant role in driving market growth. Additionally, the rising demand for healthier and more nutritious food options, coupled with the efforts of agricultural research institutions and organizations to develop and promote biofortified varieties, further propel the market. Furthermore, the growing focus on sustainable agriculture practices and the need to enhance crop resilience to climate change are additional factors driving the adoption of biofortification in Sri Lanka.
The Sri Lankan government has shown support for biofortification initiatives through policies aimed at promoting the production and consumption of nutrient-rich crops. The Ministry of Agriculture has implemented programs to increase the availability of biofortified seeds and provide training to farmers on best practices for cultivation. Additionally, the government has established regulatory frameworks to ensure the quality and safety of biofortified products in the market. These policies are part of the broader strategy to address malnutrition and improve public health outcomes in Sri Lanka by harnessing the potential of biofortification to enhance the nutritional content of staple crops.
The Sri Lanka biofortification market is expected to witness significant growth in the coming years, driven by increasing awareness about the health benefits of biofortified crops and the government`s initiatives to address malnutrition and food security issues in the country. The rising demand for nutrient-rich food products, coupled with advancements in agricultural practices and technologies, is likely to boost the adoption of biofortified crops among farmers and consumers. Additionally, the growing focus on sustainable agriculture and the need to enhance crop resilience to climate change are expected to further propel the market growth. Overall, the Sri Lanka biofortification market presents promising opportunities for stakeholders across the agricultural value chain, including seed companies, farmers, and food manufacturers.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sri Lanka Biofortification Market Overview |
3.1 Sri Lanka Country Macro Economic Indicators |
3.2 Sri Lanka Biofortification Market Revenues & Volume, 2021 & 2031F |
3.3 Sri Lanka Biofortification Market - Industry Life Cycle |
3.4 Sri Lanka Biofortification Market - Porter's Five Forces |
3.5 Sri Lanka Biofortification Market Revenues & Volume Share, By Crop, 2021 & 2031F |
3.6 Sri Lanka Biofortification Market Revenues & Volume Share, By Target Nutrient, 2021 & 2031F |
4 Sri Lanka Biofortification Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the importance of nutrition and health among consumers |
4.2.2 Government initiatives to promote biofortified crops and address malnutrition issues |
4.2.3 Growing demand for organic and natural food products |
4.3 Market Restraints |
4.3.1 Lack of awareness about biofortified crops and their benefits |
4.3.2 High initial investment required for biofortification programs |
4.3.3 Limited availability of biofortified crop varieties |
5 Sri Lanka Biofortification Market Trends |
6 Sri Lanka Biofortification Market, By Types |
6.1 Sri Lanka Biofortification Market, By Crop |
6.1.1 Overview and Analysis |
6.1.2 Sri Lanka Biofortification Market Revenues & Volume, By Crop, 2021 - 2031F |
6.1.3 Sri Lanka Biofortification Market Revenues & Volume, By Sweet Potato, 2021 - 2031F |
6.1.4 Sri Lanka Biofortification Market Revenues & Volume, By Cassava, 2021 - 2031F |
6.1.5 Sri Lanka Biofortification Market Revenues & Volume, By Rice, 2021 - 2031F |
6.1.6 Sri Lanka Biofortification Market Revenues & Volume, By Corn, 2021 - 2031F |
6.1.7 Sri Lanka Biofortification Market Revenues & Volume, By Wheat, 2021 - 2031F |
6.1.8 Sri Lanka Biofortification Market Revenues & Volume, By Beans, 2021 - 2031F |
6.2 Sri Lanka Biofortification Market, By Target Nutrient |
6.2.1 Overview and Analysis |
6.2.2 Sri Lanka Biofortification Market Revenues & Volume, By Zinc, 2021 - 2031F |
6.2.3 Sri Lanka Biofortification Market Revenues & Volume, By Iron, 2021 - 2031F |
6.2.4 Sri Lanka Biofortification Market Revenues & Volume, By Vitamins, 2021 - 2031F |
7 Sri Lanka Biofortification Market Import-Export Trade Statistics |
7.1 Sri Lanka Biofortification Market Export to Major Countries |
7.2 Sri Lanka Biofortification Market Imports from Major Countries |
8 Sri Lanka Biofortification Market Key Performance Indicators |
8.1 Adoption rate of biofortified crops among farmers |
8.2 Number of biofortified crop distribution centers established |
8.3 Percentage increase in biofortified crop yield per acre |
9 Sri Lanka Biofortification Market - Opportunity Assessment |
9.1 Sri Lanka Biofortification Market Opportunity Assessment, By Crop, 2021 & 2031F |
9.2 Sri Lanka Biofortification Market Opportunity Assessment, By Target Nutrient, 2021 & 2031F |
10 Sri Lanka Biofortification Market - Competitive Landscape |
10.1 Sri Lanka Biofortification Market Revenue Share, By Companies, 2024 |
10.2 Sri Lanka Biofortification Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |