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The GMO testing market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 8%, as per The Business Research Company’s market report!

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The GMO Testing Market Size In 2022 And Forecast
The global GMO testing market is expected to grow from $1.85 billion in 2021 to $2.08 billion in 2022 at a compound annual growth rate (CAGR) of 12.3%. 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, affecting many markets across the globe. The GMO testing market is expected to reach $2.91 billion in 2026 at a CAGR of 8.7%.

The GMO testing market consists of sales of GMO testing technologies by entities (organizations, sole traders, and partnerships) that can be used to detect genetically modified organisms in food or feed.

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Increase In Production Of Genetically Modified Crops Is Driving The Growth Of The GMO Testing Market
For instance, according to International Service for the Acquisition of Agri-biotech Applications (ISAAA), the global area of biotech or GM crops increased to 190.4 million hectares in 2019 from 17 million hectares in 1996 indicating a 112-fold increase in the area. Therefore, the increased production of genetically modified crops is expected to propel the growth of the GMO Testing market going forward.

Competitive Landscape And The Regional Analysis Of The GMO Testing Market
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.

Additionally, as per TBRC’s research – Europe was the largest region in the GMO testing market in 2021 holding the largest market share and North America is expected to be the fastest-growing region in the forecast period.

The GMO Testing Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the GMO testing market.

Technological Advancement – A Key Trend In The GMO Testing Market
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.

GMO Testing Market Segmentation By The Business Research Company

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, Others

4) By Crop Tested: Corn, Soybean, Rapeseed Or Canola, Potato, Others

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