DUBLIN – (COMMERCIAL THREAD) – The report “GMO Testing Market Size, Share & Analysis, By Trait By Crop Type, By Food Type Processed, By Technology, By Region, Global Forecast To 2028” has been added to ResearchAndMarkets.com offer.
Growing consumer demand for fresh, premium food products has led to the initiation of food safety practices in the food industry, which is driving the demand for GMO testing and driving revenue growth for the market. market.
Market Size – $ 1,941.0 Million in 2020, Market Growth – 7.7% CAGR, Market Trends – Increased Focus on R&D of Advanced GMO Testing Instruments at Reasonable Costs
The global GMO testing market size is expected to reach USD 3,533.5 million in 2028 and register a CAGR of 7.7% during the forecast period. GMO (genetically modified organisms) tests are carried out regularly to avoid cross-contamination and prevent the entry of genetically modified crops into non-genetically modified products. DNA analysis techniques are used to detect the presence of genetically modified organisms by extracting DNA and using specific PCR tests for testing. Testing of food additives such as lecithin, vitamin E (tocopherol) and genetically modified soy protein is driving the growth of the global GMO testing market.
Lack of proper regulatory framework, high cost of GMO testing, and ban on production of GMO products are factors that could hamper the growth of the market.
Companies mentioned
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GV
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Eurofins Scientific
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Intertek Group plc.
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BIO-RAD
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BUREAU VERITAS
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IEH laboratories and advisory group
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MERIEUX NutriSciences
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Microbac Laboratories
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OCIV
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Thermo Fisher Scientific
Some key findings from the report:
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Among crop type segments, corn segment accounted for the largest revenue share in 2020. Soybean segment is expected to register the highest growth rate during the forecast period.
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Among the technology segments, the polymerase chain reaction testing segment accounted for the largest share of revenue in 2020, as this test qualifies and quantifies genetically modified organisms present in food or feed samples.
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Among the trait segments, the stacked segment is expected to register the highest growth during the forecast period.
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The European GMO testing market accounted for the largest share of revenue in 2020, due to strict regulations for the use of GMO testing in various end-use industries.
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The North American market is expected to register a considerably high CAGR during the forecast period as it is the largest producer of genetically modified crops and is in need of GMO testing for these crops.
Reasons to buy the report
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Robust analysis and estimation of the GMO testing market with four levels of quality control – internal database, expert interviews, government regulation and a forecast specifically performed through time series analysis
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A holistic competitive landscape of all major players in the GMO testing market. The report covers their market shares, strategic initiatives, new product launches, R&D expenses, mergers and acquisitions, joint ventures, expansion plans, metric space analysis by product and developments. keys.
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Specifically formulated go-to-market strategies in accordance with location analysis that takes into account factors such as government regulations, supplier mapping, supply chain barriers and feedback from local suppliers
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The deepest diving segmental bifurcation currently available on the market. Our stellar methodology helps us understand the overall range of the supply chain and will help you explain current market dynamics.
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Special attention is paid to the supplier landscape, supplier portfolio, customer mapping, production capacity and annual capacity utilization
Main topics covered:
Chapter 1. Market synopsis
Chapter 2. Executive summary
Chapter 3. Indicative measures
3.1. Need to ensure sufficient intake of nutrients
3.2. Technologically advanced agricultural practices
3.3. Various processed foods obtained from GM crops
Chapter 4. GMO Testing Segmentation and Impact Analysis
4.1. Segmentation analysis of GMO tests
4.2. GMO Testing Market Value Chain Analysis
4.3. Regulatory framework
4.4. Analysis of the impact of the GMO testing market
4.4.1. Market Driver Analysis
4.4.1.1. Labeling mandates in several countries
4.4.1.2. Increase investments in the biotechnology industry
4.4.2. Analysis of market constraints
4.4.2.1. Prohibition of the production of GM crops in certain regions
4.4.2.2. Affordability of testing by food manufacturers and chain members
4.5. Prioritized key opportunities
4.6. Price analysis of GMO tests
4.7. Industry Analysis – Porter’s
4.8. GMO test PESTEL analysis
Chapter 5. GMO Testing Market by Trait Type Insights and Trends
Chapter 6. GMO Testing Market by Crop Type Overview and Trends
Chapter 7. GMO Testing Market by Processed Food Type Insights and Trends
Chapter 8. GMO Testing Market by Technology Outlook and Trends
Chapter 9. Regional Outlook of GMO Testing Market
Chapter 10. Competitive landscape
10.1. Market revenue share by manufacturers
10.2. Analysis of the distribution of manufacturing costs
10.3. Mergers and Acquisitions
10.4. Comparative analysis of the strategy
10.5. Supplier landscape
Chapter 11. Company Profiles
For more information on this report, visit https://www.researchandmarkets.com/r/7h4g18
