The
report "GMO
Testing Market by Trait (Stacked, Herbicide Tolerance, Insect Resistance),
Technology (Polymerase Chain Reaction, Immunoassay), Crop Tested, Processed
Food Tested, and Region - Global Forecast to 2022", The GMO testing
market is estimated to be valued at USD 1.58 Billion in 2017. It is projected
to grow at a CAGR of 8.2% from 2017 to 2022, to reach 2.34 Billion by 2022. The
base year considered for the study is 2016, and the forecast years are from
2017 to 2022. The market is driven by factors such as evolution in farming
technologies, diverse genetically modified processed food production, labeling
mandates in several countries, and proper nutrient sufficiency.
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Stacked trait segment
projected to be the fastest-growing market during the period 2017–2022
Stacked
traits are a combination of more than one transgene in a single crop.
Bio-fortified crops which are modified for the production of high nutritional
content, HT with IR and disease-resistant traits are popular examples of
stacked traits. The increased investments and growth in the R&D activities
are responsible for the growth of this market.
Soy, corn, and bakery &
confectionery products are largely tested for GMOs in the food safety testing
market
Among
the crops and processed foods tested for GMO, crops accounted for the largest
market share in 2016, dominated by corn and soy. The bakery & confectionery
items are largely tested for GMO testing, which include baking flours, breads,
cakes, muffins, and other confectionery & baked goods. The market in
breakfast cereals & snacks among processed foods is projected to grow at
the highest CAGR due to the presence of a large amount of cereal grains and
corn flakes. Food additives such as lecithin, vitamin E (tocopherol), and
proteins from genetically modified soybean are also largely tested for GMOs.
North America and Europe to dominate
the GMO testing market
The
European region is the largest market for GMO testing in 2016. Countries such
as Germany, France, Italy, Spain, the U.K., and other EU countries are major
importers of soy, corn, canola, and other crops and processed foods. The
countries in the EU are stringent in GMO regulations, which in turn results in
vigorous testing of GMO for safety. North America is the major exporter of soy,
corn & canola to the world which requires the conduction of tests for GMO
labeling according to the importing country mandates. Brazil and Argentina are
also the active countries for genetically modified food testing for safety.
Asia-Pacific countries are at the growth stage in this market. China is the
major country followed by Japan, Korea, and Rest of Asia-Pacific.
This
report includes a study of marketing and development strategies, along with the
product portfolios of leading companies. It includes the profiles of leading
companies such Thermo Fisher Scientific, Inc. (U.S.), SGS S.A. (Switzerland),
Bureau Veritas SA (France), Intertek Group Plc. (U.K.), Eurofins Scientific SE
(Luxembourg), TÜV SÜD AG (Germany), Bio-Rad Laboratories, Inc. (U.S.), ALS
Limited (Australia), Mérieux NutriSciences Corporation (U.S.), AsureQuality
(New Zealand), Romer Labs Diagnostic GmbH (Austria), and Microbac Laboratories,
Inc. (U.S.).
In
terms of insights, this research report has focused on various levels of
analyses industry analysis, market share analysis of top players, and company
profiles, which together comprise and discuss the basic views on the
competitive landscape, emerging & high-growth segments of the global
genetically modified food safety testing market, high-growth regions,
countries, and their respective regulatory policies, government initiatives,
drivers, restraints, and opportunities.
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