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2021
Gmo Testing Market

GMO Testing Market by Technology (Polymerase Chain Reaction, ELISA Test, and Strip test), Crop Type (Corn, Soy, Rapeseed/Canola, Potato, and Others), and Trait (Stacked, Herbicide Tolerance, and Insect Resistance): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13552
Pages: NA
Dec 2021 | 118 Views
   
Author(s) : Roshan Deshmukh
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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GMO testing confirms identity and nature of the product and detects features like stacked, herbicide tolerance, and pest resistance in crops and processed foods. The output of genetically modified crops has increased due to increase in nutritional demand, which has resulted in tightening of genetically modified food safety laws. The market for GMO testing grew as a result of this. Market participants have increased their global presence and product lines in response to these new prospects. The market for GMO testing is divided into four categories: trait, technology, crop & processed food tested, and geography. GMO (Genetically Modified Organisms) testing is carried out on a regular basis to prevent cross-contamination and prevent genetically modified crops from being introduced into non-genetically modified products. Genetically modified organisms (GMOs) are tested to guarantee that they are as safe to consume as non-GMO products.

Market Scope and Structure Analysis

Report Metric

Details

 Market Size Available for Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value (USD)

 Regions Covered

 North America, Europe, Asia-Pacific, and LAMEA

 Segments Covered

 Technology, Crop Type, Trait, and Region

 Companies Covered

SGS, Eurofins Scientific, Intertek Group plc., BIO-RAD, BUREAU VERITAS, IEH Laboratories & Consulting Group, MERIEUX NutriSciences, Microbac Laboratories, ALS Limited, OMIC and Thermo Fisher Scientific


COVID-19 Impact Analysis

  • COVID-19 is a global public health hazard that has damaged virtually every business, and its long-term implications are projected to impact the growth of the genetically modified organism testing market during the forecast period.
  • COVID-19 has hampered the supply chain. Many manufacturers were unable to operate efficiently as a result of the closure, and many of them were unable to get the raw materials they required on time. Sales were hampered due to the inventory shortfall.
  • COVID-19's strict constraints, along with labor shortage, resulted in a drop in GMO test being done.

Top Impacting Factors

  • The global GMO testing industry is being driven by technological developments in farming methods and increased production of various processed foods using genetically modified crops. The requirement to maintain minimum nutrition in crops is likely to drive growth of the global GMO testing market during the forecast period, thanks to the introduction of technologically sophisticated farming practices.
  • Food authenticity testing, particularly one-to-done GMO analysis, has gained traction in the market around the world.
  • Furthermore, with the increase in occurrence of food frauds in the business, such as deliberate ingredient substitutions, misleading consumers with false claims, and disruptive labeling, the consumers have become wary of the authenticity of food products intended to meet specific needs.
  • As a result, food manufacturers have turned to food testing techniques as the most effective approach to differentiate their products from the competition and grab considerable market share.

Market Trends

The PCR Technique has a Sizable Market Share

The PCR technique is the most effective approach for detection of small amounts of degraded nucleic acids and for determination of their sequence. It is the most reliable method as it detects species using a very short DNA area. As a result, the approach can be used to identify meat or fish species as well as genetically modified items, such as cheese. By collecting DNA and evaluating it using specialized PCR assays, DNA analysis techniques are used to detect the existence of genetically modified organisms.

In a single run, processing numerous PCR tests simultaneously allows the detection of DNA from beef, sheep, goat, hog, chicken, turkey, camel, horse, and donkey. Furthermore, advancements in the PCR process have boosted the segment's growth. The high efficacy of DNA analysis over protein analysis has boosted the demand for PCR in the business, resulting in widespread adoption of the technique. In 2016, the PCR sector had the biggest market share, and it is expected to grow at the fastest CAGR from 2021 to 2030.

The U.S. is the Market Leader in the World

Consumers in the U.S. are willing to pay a premium amount for natural and healthful free-from foods. Around 44% said they are willing to spend up to 75% more for food brands they know and trust. Furthermore, with the increased popularity of free-from foods, companies like Safe + Fair Food Co. in Chicago are creating a myriad of food options for consumers. The company specializes in non-GMO and other free-from food products, such as snacks, desserts, and dinners. The rise of such independent businesses dedicated to the free-from industry has essentially driven the country's GMO-Testing market. As a result, the country maintained its position as the global market leader.

As it is the greatest producer of GM crops, as well as the requirement to comply with GMO labeling regulations from importing nations, North America is expected to be the fastest-growing market for GM food safety testing. The European GMO testing market accounted for the largest revenue share in the global market, and it is expected to increase at a stable rate during the forecast period. The presence of a large number of end-use sectors and tight legislation favorable to employing GMO testing, are major factors that drive revenue growth in the Europe GMO testing market.

Key Segments Covered

Technology

  • Polymerase Chain Reaction
  • ELISA Test
  • Strip Test

Crop Type

  • Corn
  • Soy
  • Rapeseed/ Canola
  • Potato
  • Others

Trait

  • Stacked
  • Herbicide Tolerance
  • Insect Resistance

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the GMO testing market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the GMO testing market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the GMO testing market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed GMO testing market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the GMO Testing Market Research Report

  • Which are the leading players active in the GMO testing market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is GMO testing market prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the GMO testing market?
 
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