GMO Testing Forecast Report – Designed for Decision Makers and Product Teams
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What Is the Growth Rate of the GMO Testing Market?
There has been a swift expansion in the market for GMO testing in the past few years. It is projected to increase from $2.52 billion in 2024 to $2.77 billion in 2025, showing a compound annual growth rate (CAGR) of 10.0%. The historical growth can be linked to aspects such as the increasing adoption of GMO crops, regulatory compliance, rising consumer awareness, concerns about food safety, and aspects of international trade and export.
What Growth Rate Is Forecasted for the GMO Testing Market by 2029?
Anticipating a swift surge in the upcoming years, the GMO testing market is projected to augment to a size of $4.2 billion in 2029, with a compound annual growth rate (CAGR) of 10.9%. The surge in the projected period can be ascribed to factors such as the need for transparency amongst consumers, worldwide trade regulations, tracking prerequisites, modifications in regulations, and assessments of environmental impacts. The forecast period will see crucial trends such as cutting-edge detection technologies, quick testing solutions, applications beyond food, the advent of blockchain and digital records, coupled with rise in consumer cognizance and preferences.
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Which Key Companies Are Shaping the Future of the GMO Testing Market?
Major companies operating in the gmo testing market include Thermo Fisher Scientific Inc., SGS S.A., Bureau Veritas SA, Intertek Group PLC, Eurofins Scientific SE, TÜV SÜD AG, Mérieux NutriSciences Corporation, Bio-Rad Laboratories Inc., ALS Limited, Romer Labs Diagnostic Inc., Microbac Laboratories Inc., AsureQuality Limited, OMIC USA Inc., Monsanto Company, EMSL Analytical Inc., FoodChain ID Inc., National Sanitation Foundation International, Genetic ID NA Inc., Symbio Laboratories Pty Ltd., Agilent Technologies Inc., EnviroLogix Inc., Geneius Laboratories Ltd., Primoris Services Corporation, Qiagen N.V., Neogen Corporation, AsureQuality Pty Limited, Genetic ID Europe AG, Silliker Inc.
Which Factors Are Driving Demand in the GMO Testing Industry?
The rise in production of crops which have been genetically modified is fuelling the expansion of the GMO testing market. Such crops are cultivated by using GM technology that adds new DNA to a plant’s genome, and then makes use of tissue culture to grow the modified cells into full plants. The seeds that are generated from these plants contain the added DNA which can enhance nutrition, resistance to disease, phytoremediation, and a changed cell wall composition allowing for improved biofuel conversion. The growing need for nutrition and stringent regulations around genetically modified food safety standards are driving the need for increased production. For example, per the data from the United States Department of Agriculture, a US government division, in 2023, Canada sowed 11.7 million hectares of genetically engineered (GE) crops majorly comprised of canola, soybeans, and corn. This number is a four percent increase from the prior year, primarily as a result of increased canola production spaces. Therefore, the enhanced production of crops that have been genetically modified is set to fuel the surge in GMO testing market growth in future.
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How Is the GMO Testing Market Segmented by Several Divisions?
The gmo testing market covered in this report 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
Subsegments:
1) By Stacked: Multiple Gene Combinations, Trait Combination Testing
2) By Herbicide Tolerance: Glyphosate Resistance Testing, Other Herbicide Resistance Testing
3) By Insect Resistance: Bt (Bacillus thuringiensis) Trait Testing, Other Insect Resistance Traits
What are the Emerging Market Trends Driving the Growth of the GMO Testing Industry?
Key industry players in the GMO testing market space are innovating new PCR techniques to establish a dominant presence. PCR, shorthand for Polymerase Chain Reaction, is a method employed in molecular biology labs to duplicate a particular DNA segment in large quantities. For instance, in April 2023, Bio-Rad Laboratories, Inc., a company based in the USA specializing in biotechnology, unveiled their latest product, the ID-Check Speciation Solution. This is a real-time PCR procedure for meat speciation, facilitating the distinguishing of animal species in food, agricultural feed, and various environmental samples. The utility of this solution lies in its ability to rapidly and accurately verify the source of raw materials and improve cleanliness processes for production lines. The process focuses on mitochondrial DNA from a range of meat species like bovine, chicken, duck, goat, horse, sheep, swine, and turkey. With outstanding sensitivity and the capacity to identify even 0.001% of species DNA, the kit also incorporates a duplex detection system to increase accuracy and user-friendly experience.
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Which Regions Are Driving Growth in the GMO Testing Market?
Europe was the largest region in the GMO testing market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the gmo testing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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This Report Delivers Insight On:
1. How big is the gmo testing market, and how is it changing globally?
2. Who are the major companies in the gmo testing market, and how are they performing?
3. What are the key opportunities and risks in the gmo testing market right now?
4. Which products or customer segments are growing the most in the gmo testing market?
5. What factors are helping or slowing down the growth of the gmo testing market?
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