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GMO Testing Market by Trait, Technology, Crop Tested, Processed Food Tested, and Region - Global Forecast to 2022

GMO Testing Market: Global Forecast until 2022

  • June 2017
  • 181 pages
  • ID: 4998216
In this report:
The GM food safety testing market in the others in RoW region, by trait, is projected to grow from USD ##.## million in 2016 to reach USD ##.## million by 2022; it is expected to grow at a CAGR of ##.##% during the forecast period.
The GM food safety testing market in Argentina, by trait, is projected to grow from USD ##.## million in 2016 to reach USD ##.## million by 2022; it is expected to grow at a CAGR of ##.##% during the forecast period.

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"GMO testing market is estimated to rise at a compound annual growth rate of 8.20 percent"

The GMO testing market, estimated at ~$1.6B in 2017, is expected to grow at a compound annual growth rate (CAGR) of 8.20 percent, to attain ~$2.3B by 2022. The sector is influenced by Elements such as the demand for high nutrition food products, consumers' consciousness regarding GMO foods, and modernizations leading to new genetically modified crops and food. The huge growth potential in the european area and untapped areas offer recent growth opportunities for market actors. Lack of implementation of regulations and poor technical knowledge of farmers are factors that are restraining the market increase of GMO testing.

"Stacked trait segment led the industry with the biggest share in 2016"

On the basis of trait, the GMO testing market is led by the stacked segment, succeeded by herbicide tolerance and insect resistance. Stacked trait includes different combinations of traits introduced in crops to assure protection against insects as well as usage of harsh agrochemicals. In the Asia-Pacific region the stacked varieties also include bio-fortification traits to produce high nutrition food crops.

"U.S.A: The future of the GMO testing market"

The United States is focusing on the increased usage of advanced technologies and a wider range of foods tested for genetically modified food safety testing. Consumer awareness concerning genetically modified foods is growing in the importing countries of Europe and Asia area. Accordingly, the industry demand for specialized tests on processed food containing GMOs requires new technology development. Also, there is a rise in the export of genetically modified crops in the U.S.A With greater applicability of genetically modified food safety testing and focus on achieving greater profits, different food manufacturers are willing to spend on genetically modified food safety testing services that can enhance the salability of products together with building brand value.

The United Kingdom was the quickest-increasing country-level market for genetically modified food safety testing in the globe, and recorded the second more important in terms of value in the european area.

Break-up of Primaries:

- By Company category - Tier 1 - 40 %, Tier 2 - 50.0 percent, Tier 3 - 10.0 percent

- By Description - C-suite - 40.0 percent, D-suite - 60.0 percent

- By area - North america (NA) - 9.0 percent, Europe - 70.0 percent, Asia-Pacific - 18.0 percent, RoW - 3.0 percent

Leading players including Thermo Fisher Scientific (NYSE:TMO), SGS S.A., Bureau Veritas SA, Intertek Group Plc., Eurofins Scientific SE, TÜV SÜD AG, BioRad (NYSE:BIO), ALS Limited, Mérieux NutriSciences Corporation, AsureQuality, Romer Labs Diagnostic GmbH, and Microbac Laboratories, Incorporated are profiled in this business report.

Segment Research

The analysis highlights on genetically modified food safety testing services for various applications and territories. It aims at evaluating the market value and upcoming growth potential of this market across distinct segments-trait, category, technology, crop & processed food tested, and area. Moreover, the market research also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, vendor DIVE matrix, recent evolutions, and key industries strategies.

Why acquiring this study can help you:

• To get a comprehensive overview of the overall genetically modified food safety testing market

• To benefit wide ranging information about the top actors in this market, their products review and top strategies approved by them

• To benefit business insights about the main countries/localities in which the genetically modified food safety testing market is prospering

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