Global GMO Testing market analysis 2024, Forecast To 2033
1 Feb, 2024
The GMO testing market has experienced rapid growth, escalating from $2.33 billion in 2023 to $2.59 billion in 2024, with a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period is attributed to the increased adoption of GMO crops, regulatory compliance, consumer awareness, food safety concerns, and international trade and export. The market is anticipated to see rapid growth, reaching $3.83 billion in 2028, with a CAGR of 10.3%. Contributing factors include consumer demand for transparency, global trade regulations, traceability requirements, regulatory changes, and environmental impact assessment. Major trends in the forecast period include advanced detection technologies, rapid testing solutions, non-food applications, blockchain and digital records, and consumer awareness and preferences.
Global GMO Testing Market Key Driver
The GMO testing market is expanding with increased production of genetically modified crops. Herbicide-tolerant soybean acreage reached 95% in 2021, showcasing the prevalence of genetically modified crops. As regulations tighten and nutritional demands rise, the GMO testing market is expected to witness substantial growth.
Get A Free Sample Of The Global GMO Testing Market ReportGlobal GMO Testing Market Segments
The global 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
By Geography: The regions covered in the GMO Testing market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major GMO Testing Industry Players
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., Covance Inc., EnviroLogix Inc., Geneius Laboratories Ltd., Primoris Services Corporation, Qiagen N.V., Neogen Corporation, AsureQuality Pty Limited, Genetic ID Europe AG, Silliker Inc.
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GMO Testing Market Overview
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.
GMO Testing Global Market Report 2023 provides data on the global gmo testing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The gmo testing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.