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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Top Companies Operating in the Global GMO Testing Market Report:
SGS, Eurofins Scientific, Intertek Group plc, BIO-RAD, BUREAU VERITAS, and IEH Laboratories & Consulting Group.
Further key findings from the report suggest
· Polymerase chain reaction test dominates the technology type segment and is also expected to grow at the fastest rate of 8.6% during the forecast period. The test qualifies and quantifies genetically modified organisms present in food or feed samples
· Based on the trait, the stacked segment is expected to witness the fastest growth market at a CAGR of 8.7%. Stacked traits combine two or more transgenes in a single crop. Growing research and development activities in the region are expected to drive the growth for this segment.
· Corn is one of the most popular crops that is grown around the world and has over 142 varieties of genetically modified corn, which makes it one of the most important crops to be tested. Most of the
· With the applicability of genetically modified food safety testing and focus on achieving greater profits, several food manufacturers are willing to spend on genetically modified food safety testing services to enhance the salability of products
· Polymerase chain reaction test dominates the technology type segment and is also expected to grow at the fastest rate of 8.6% during the forecast period. The test qualifies and quantifies genetically modified organisms present in food or feed samples
· Europe regional segment dominates the global GMO market with 42.1% market share owing to stringent regulations regarding GMO testing in the region
· North America is projected to register the highest CAGR of 8.8%. North America is the largest producer of GM crops.
· Ban on the production of GM crops in some regions and unaffordability of tests by food manufacturers & channel members are major challenges for the market growth across the globe
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The global GMO Testing market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Trait (Revenue, USD Million; 2018–2028)
- Stacked
- Herbicide tolerance
- Insect resistance
Crop Type (Revenue, USD Million; 2018–2028)
- Corn
- Soy
- Rapeseed/Canola
- Potato
- Others
Processed Food Type (Revenue, USD Million; 2018–2028)
- Bakery & confectionery
- Meat products
- Breakfast cereals & snacks
- Food additives
- Others
Technology (Revenue, USD Million; 2018–2028)
- Polymerase Chain Reaction (PCR)
- Immunoassay
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