The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s GMO Testing Global Market Report 2024, the GMO testing market is expected to show promising growth in the forecast period.

The GMO testing market has experienced substantial growth, expanding from $2.33 billion in 2023 to $2.59 billion in 2024, with a compound annual growth rate (CAGR) of 10.8%. This surge is attributed to increased adoption of genetically modified (GM) crops, driven by factors such as regulatory compliance, heightened consumer awareness, food safety concerns, and the facilitation of international trade and export.

Driving Forces Behind Growth

• Increased Adoption of GM Crops: GM technology enhances crops with nutritional benefits, disease resistance, and altered cell wall composition, meeting the rising demand for nutritional enhancement.
• Stringent Safety Regulations: Stringent regulations in genetically modified food safety drive the need for thorough testing and compliance.
• Herbicide-Tolerant Soybean Acreage: In 2021, herbicide-tolerant soybean acreage reached 95%, and this percentage remained unchanged in 2023, showcasing the prevalence of GM crops.
• High Percentage of GM Corn and Cotton Acres: In 2023, 91% of domestic corn acres and 89% of U.S. cotton acres utilized genetically engineered, insect-resistant seeds, emphasizing the widespread adoption of GM crops.

Advancements In Real-Time PCR Methods Enhance GMO Testing Capabilities

Innovations in real-time Polymerase Chain Reaction (PCR) methods are playing a pivotal role in enhancing GMO testing capabilities. PCR is a molecular biology technique used to amplify specific DNA segments, providing precise and rapid testing solutions.

Bio-Rad Laboratories’ ID-Check Speciation Solution

• Real-Time PCR for Meat Speciation: Bio-Rad Laboratories launched the ID-Check Speciation Solution, a real-time PCR method for meat speciation, in April 2023.
• Enhanced Verification of Raw Material Origins: The solution enables the identification of animal species in food, feed, and environmental samples, enhancing the verification of raw material origins.
• Duplex Detection System: Featuring a duplex detection system, the kit offers added accuracy and ease of use, detecting species DNA as low as 0.001%.

Mérieux NutriSciences Strengthens Presence With Dyad Labs Acquisition

Mérieux NutriSciences, a U.S.-based food safety company, acquired Dyad Labs in December 2021, marking a strategic move to strengthen its presence in the United States, particularly in the dietary supplements industry. Dyad Labs, a specialty testing company, focuses on chemistry and microbiology testing for the nutraceutical and food and beverage industries.

Key Highlights of Dyad Labs Acquisition

• Expanded Service Offering: The acquisition expanded Mérieux NutriSciences’ service offering, allowing the company to provide a wider range of solutions to the food and nutrition sectors.
• Focus on Dietary Supplements: Dyad Labs’ expertise in chemistry and microbiology testing aligned with the growing demand for testing solutions in the dietary supplements industry.

GMO Testing Market Segmentation

The GMO testing market is segmented based on traits, technology, processed food types, and crops tested, reflecting the diverse applications and methods involved in GMO testing.

Market Segments

1. Traits: Stacked, Herbicide Tolerance, Insect Resistance
2. Technology: Polymerase Chain Reaction (PCR), Immunoassay
3. Processed Food Types: Bakery and Confectionery, Meat Products, Breakfast Cereals and Snacks, Food Additives, Other Processed Food
4. Crop Tested: Corn, Soybean, Rapeseed or Canola, Potato, Other Crops

Regional Dominance and Growth

• Europe Leading in 2023: Europe emerged as the largest region in the GMO testing market in 2023, reflecting the region’s focus on food safety and stringent regulations.
• North America’s Fastest-Growing Region: North America is expected to be the fastest-growing region in the forecast period, highlighting the region’s increasing demand for GMO testing solutions.

In conclusion, the GMO testing market’s growth is fueled by the rising production of genetically modified crops, advancements in testing technologies, and strategic acquisitions. As the market continues to evolve, stakeholders should stay informed about emerging trends to address the growing demand for transparency, traceability, and compliance in GMO testing.

View More On The GMO Testing Market Report 2024 – https://www.thebusinessresearchcompany.com/report/gmo-testing-global-market-report

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