5 Takeaways From The GMO Testing Market Overview 2023
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
According to The Business Research Company’s GMO Testing Global Market Report 2023, the GMO testing market is expected to show promising growth in the forecast period.
Five Key insights from the forecast include:
- Market Size – The global GMO testing market size 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 GMO testing market size is expected to grow to $3.24 billion in 2027 at a CAGR of 8.6%.
- Major Driver – The rising production of genetically modified crops is driving the GMO testing market forward.
- Key Trend – The primary trend gaining traction in the GMO testing industry is technological developments in farming practises. Robots, aerial photographs, temperature and moisture sensors, and GPS technology are among the latest agricultural farming technologies that will make farms more profitable, safe, efficient, and ecologically friendly. Advanced farming practises are useful for the development of GM crops in order to meet demand and provide food security.
- Largest Region – Europe was the largest region in the GMO testing market in 2022.
- Major Players – 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.
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Key GMO Testing Market Segments
The global GMO testing market is segmented –
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
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GMO testing qualifies and quantifies genetically modified organisms present in food or feed samples in order to meet appropriate national and international controls, performs independent verification in order to trade confidently with countries that require GMO-free products, and prevents cross-contamination throughout the supply chain.
The GMO Testing Global Market Report 2023 offers a comprehensive overview on the GMO testing market size, growth rate, trends and drivers, opportunities, strategies, and competitor landscape. 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.
The Table Of Content For The GMO Testing Market Include:
1. GMO Testing Market Executive Summary
2. GMO Testing Market Segments
3. GMO Testing Market Size And GMO Testing Market Growth Rate
4. Key GMO Testing Market Trends
5. Major GMO Testing Market Drivers
……
25. Key Mergers And Acquisitions In The GMO Testing Market
26. Top GMO Testing Companies
27. GMO Testing Market Opportunities And Strategies
28. GMO Testing Market, Conclusions And Recommendations
29. Appendix
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