According to the current analysis of Reports and Data, the global GMO Testing market was valued at USD 1,941.0 Million in 2020 and is expected to reach USD 3,533.5 Million by 2028, at a CAGR of 7.7%. Genetically modified crops are produced by alteration of the genetic material of the plant model using biotechnology, resistant to pest, bacteria, viruses, bacteria, etc. The invention of GM crops has been a breakthrough in the agriculture sector. With the latest technological advancements, GMO testing can be done in order to determine the amount of GMO present in any sample. The most common methods used for GMO testing are DNA analysis and protein analysis. The methods are followed by applying controls that eliminate false positives and negatives. GMO testing should be routinely done to prevent cross-contamination where unintentionally GM crops enter non-GM food production. GMO testing ensures the safe consumption of GMO as well as adds up to the value of the farmers. The technological evolution of the farming practices and diverse processed foods through GMO crops drive the growth of the global GMO testing market. However, slow implementation of regulations and lack of technologically skilled workforce hinders the overall growth at a global level.
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The primary driving force in the Global GMO Testing Market is the intensifying regulatory framework regarding the safety of genetically modified food. Rising cognizance and awareness about health risks and concerns among consumers are probing the sales of GMO testing kits, worldwide. The implementation of legislative bills such as GMO labeling law, etc. is driving the food companies to get their products verified as GMO-free to meet consumer demand. Consequently, demand for non-GMO as well as an emerging need for advanced technology to test next-generation GM output traits is expected to escalate the Global GMO Testing Market.
The anticipated tremendous growth in the market can be attributed to the increasing demand for food companies to mention genetically modified food ingredients in their products along with the application of GM food in various industries such as processed food and ethanol production. Moreover, rising awareness consumers about genetically modified crops and increasing varieties of GM crops is further anticipated to fuel growth.
European region dominated the market. Major factors attributing to the huge share of the market are stringent regulatory affairs for GMO testing and the consumer`s disapproval towards the GM foods. European countries like Germany, U.K., Spain, and France are the major countries in the European region accounting for a major share of the market in 2018.
Key participants include SGS, Eurofins Scientific, Intertek Group plc, BIO-RAD, BUREAU VERITAS, and IEH Laboratories & Consulting Group, among others. For the purpose of this study, Reports and Data have segmented the GMO Testing market on the basis of trait, crop type, processed food type, technology, and region:
Trait (Revenue, USD Million; 2018–2028)
Crop Type (Revenue, USD Million; 2018–2028)
Processed Food Type (Revenue, USD Million; 2018–2028)
Technology (Revenue, USD Million; 2018–2028)
Regional Outlook (Revenue in USD Million; 2018–2028)
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Further key findings from the report suggest
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Key insights presented in the report:
Table Of content:
Chapter 1. Market Synopsis
1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020 – 2028
Chapter 3. Indicative Metrics
3.1. Need to ensure sufficient nutrient consumption 3.2. Technologically advanced farming practices 3.3. Diverse processed foods obtained from GM crops
Chapter 4. GMO Testing Segmentation & Impact Analysis
4.1. GMO Testing Segmentation Analysis 4.2. GMO Testing Market Value Chain Analysis 4.3. Regulatory framework 4.4. GMO Testing Market Impact Analysis 4.4.1. Market driver analysis 4.4.1.1. Labeling mandates in several countries 4.4.1.2. Increasing investment in biotech industry
Continued…
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