Global Genetically Modified Food Safety Testing Market is valued approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Genetically modified (GM) foods are developed to have certain advantages, such as being less expensive, longer lasting, and more nutritious. GM foods are assessed for safety based on their toxicity, potential to cause allergic reactions, nutritional value, and the stability of the inserted gene. Ongoing research into new methods and techniques for ensuring the safety of GM foods is driving market growth. The major driving factor for the Global Genetically Modified Food Safety Testing Market are increasing demand for GM foods and growing concerns about food safety. Moreover, advances in technology and regulatory requirements are creating lucrative growth opportunity for the market over the forecast period 2023-2030.
Prevalence of chronic diseases is rising the demand for health food over the forecast period. For instance, according to the WHO, chronic diseases are accounting for nearly three-quarters of all deaths worldwide in 2020, with developing nations accounting for 71% of deaths related to ischemic heart disease (IHD), 75% of deaths are due to stroke, and 70% of deaths due to diabetes. However, the high cost of Genetically Modified Food Safety Testing stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Genetically Modified Food Safety Testing Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 United States and Canada, has been a significant market for GM food safety testing. The presence of a large food industry, stringent regulations, and consumer awareness about GM foods drive the demand for testing services to ensure compliance with safety standards. Asia-pacific region is the fastest growing region due to rising population, increasing consumer concerns about food safety, and the adoption of GM crops in agricultural practices contribute to the demand for testing services in this region.
Major market player included in this report are:
Bio-Rad Laboratories, Inc.
Emsl Analytical Inc.
Eurofins Scientific Se
Genetic Id Na, Inc.
IfpInstitut fur Produktqualitat GmbH
Intertek Group Plc.
Romer Labs Division Holding GmbH, Sgs S.A.
Thermo Fisher Scientific
Recent Developments in the Market:
Ø In 2020, the company Thermo Fisher Scientific launched the TaqMan® GMO Assay, a real-time PCR assay for the detection of GM crops.
Ø In 2021, the company Neogen Corporation launched the EnviroLogix® GMO 96-Well Assay, a multiplex PCR assay for the detection of nine GM crops.
Ø In 2022, the company Eurofins Scientific launched the GMO 360+ Kit, a multiplex PCR assay for the detection of 36 GM crops.
Global Genetically Modified Food Safety Testing Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Food Type, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Food Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Food Type:
Middle East & Africa
Rest of Middle East & Africa