The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s GMO testing market report forecasts the GMO testing market size to grow to $3.24 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

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GMO Testing Market Size Forecast
The global GMO testing market is expected to grow from $2.09 billion in 2022 to $2.32 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The GMO testing market size is expected to grow to $3.24 billion in 2027 at a CAGR of 8.6%.

Europe held the largest GMO testing market share, and North America was the fastest-growing region in 2022.

Key GMO Testing Market Driver ­– Increase In Production Of Genetically Modified Crops
For instance, according to the US Food and Drug Administration, in 2020, 94% of the soybeans, 96% of the cotton, and 92% of the corn grown in 2020 were genetically modified organisms (GMOs). Therefore, the increased production of genetically modified crops is expected to propel the growth of the GMO testing market going forward.

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Key GMO Testing Market Trend – Technological Advancement
The advanced technologies for agricultural farming include robots, aerial images, temperature, and moisture sensors, and GPS technology will allow farms to be more profitable, safe, efficient, and environmentally friendly. The advanced farming practices are beneficial for GM crops production to meet the demand and food security. For instance, in November 2020, Telus, a Canada-based telecommunications company announced the formation of TELUS Agriculture, a new business unit committed to developing breakthrough connected technology solutions for the agriculture sector. TELUS Agriculture improves the food value chain by utilizing data in novel ways to enhance efficiency, production, and yields, resulting in better food results for both businesses and consumers.

GMO Testing Market Segment
1) By Trait: Stacked, Herbicide Tolerance, Insect Resistance
2) By Technology: Polymerase Chain Reaction (PCR), Immunoassay
3) By Processed Food Types: Bakery and confectionery, Meat products, Breakfast cereals and snacks, Food additives, Other Processed Food
4) By Crop Tested: Corn, Soybean, Rapeseed Or Canola, Potato, Other Crops

GMO Testing Market Major Players and Strategies
Major players in the GMO testing market are Thermo Fisher Scientific, SGS S.A., Bureau Veritas SA, Intertek Group PLC, Eurofins Scientific SE, TÜV SÜD AG, Merieux Nutrisciences Corporation, Bio-Rad Laboratories Inc., ALS Limited, Romer Labs Diagnostic, Microbac Laboratories, AsureQuality Limited, OMIC USA Inc., Monsanto, EMSL Analytical Inc., and FoodChain ID Inc.

In October 2020, DSM, a Netherlands-based company that provides nutrition, health, and sustainable living acquired Erber Group’s Biomin and Romer Labs for an amount of $1,150.6 million (€980 million). This acquisition will strengthen DSM’s expertise as a leading provider of animal health and nutrition solutions for farm productivity and sustainability with a focus on feed consumption efficiency, emissions reduction, and better use of land and water as well as human health and nutrition offering to customers in the food and beverages market. Erber Group is an Austria-based food and feeds analysis and safety company. Erber Group’s Romer Labs provides food and feed diagnostics tests and services such as GMO, mycotoxins, food allergens, gluten, food pathogens, veterinary drug residues, and other food contaminants.

The GMO Testing Global Market Report 2023 covers regional data on GMO testing market size, GMO testing market trends and drivers, opportunities, strategies, and GMO testing market competitor analysis. The countries covered in the GMO testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

GMO testing qualifies and quantifies genetically modified organisms present in the food or feed samples to meet the appropriate national and international controls, performs independent verification to trade in confidence with countries specifying GMO-free products, and prevents cross-contamination throughout the supply chain.

View More Reports Related To The GMO Testing Market –
Testing, Inspection, And Certification Global Market Report 2023
Testing Software Global Market Report 2023
Hospital Acquired Infections Testing Kits Global Market Report 2023

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