GMO Testing Market Report 2022: Size, Share, Segments, Growth, Demand, And Forecast

The global GMO testing market report by the business research company identifies the increased production of genetically modified crops is contributing to the growth of the GMO testing market. Genetically modified crops are produced by GM technology that involves inserting new DNA into a plant's genome and then growing the plant cells in tissue culture to develop into plants. The seeds produced by genetically modified plants will inherit the new DNA that offers nutritional enhancement, disease resistance, phytoremediation, and altered cell wall composition for more effective biofuel conversion. The increase in nutritional demand and stringency in genetically modified food safety regulations are increasing their demand for more production.

The global GMO testing market is expected to grow from $1.85 billion in 2021 to $2.08 billion in 2022 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The GMO testing market is expected to reach $2.91 billion in 2026 at a CAGR of 8.7%.

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Europe was the largest region in the GMO testing market in 2021. North America is expected to be the fastest-growing region in the forecast period. 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 players in the GMO testing market are Thermo Fisher Scientific, SGS S.A., Bureau Veritas SA, Intertek Group Plc., Eurofins Scientific SE, TÜV SÜD AG, Merieux Nutrisciences Corporation, Bio-Rad Laboratories Inc., ALS Limited, Romer Labs Diagnostic, Microbac Laboratories, AsureQuality Limited, OMIC USA Inc., Monsanto, EMSL Analytical Inc., and FoodChain ID Inc.

The global GMO testing market 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, Others
4) By Crop Tested: Corn, Soybean, Rapeseed Or Canola, Potato, Others

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The GMO Testing Market Report Contents Include
1. Executive Summary
2. GMO Testing Market Characteristics
3. GMO Testing Market Trends And Strategies
4. GMO Testing Market - Macro Economic Scenario
5. GMO Testing Market Size And Growth
....
26. Africa GMO Testing Market
27. GMO Testing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The GMO Testing Market
29. GMO Testing Market Future Outlook And Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the GMO testing market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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