GMO Testing Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

Key Highlights:
• The global GMO Testing Market size was valued at USD 4.2 billion in 2022 growing at a CAGR of 3.3% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global GMO Testing Market size accounted for USD 4.2 Billion in 2022, growing at a CAGR of 3.3% from 2023 to 2033. GMO Testing Market refers to the market related to the testing of genetically modified organisms (GMOs) in various products. GMOs are organisms whose genetic material has been altered in a way that does not occur naturally through mating or natural recombination. This technology is often used in agriculture to create crops with desirable traits such as resistance to pests or enhanced nutritional content. The GMO testing market involves the analysis and detection of genetically modified components in food, feed, and other products to ensure compliance with regulatory standards and to meet consumer demands for transparency.

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The GMO Testing Market is primarily driven by the Increasing Demand for GMO-Free Products. Consumer concerns about the potential health and environmental impacts of genetically modified organisms (GMOs) have led to a growing demand for GMO-free products. This has created a need for accurate and reliable GMO testing services to verify the GMO-free status of food and agricultural products.

Key Players
Some of the major GMO Testing Market players holding high market shares include ALS Limited, TUV SUD AG, EnviroLogix Inc., Intertek Group plc, LGC Limited, R-Biopharm AG, OMIC USA Inc. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Premier Foods plc, Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc. and Microbac Laboratories Inc.

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Segmental Analysis
Based on Technology, the GMO Testing Market is segmented into Immunoassay and Polymerase Chain Reaction. The PCR segment held the largest market share. The GMO Testing Market is divided into crop and processed food testing, with crop testing accounting for the majority of the market. The crop group is further subdivided into corn, soy, rapeseed/canola, and potato, with corn and soy accounting for the most tests and is predicted to be the fastest-growing, as these are mostly traded crops.
Based on Trait, the GMO Testing Market is segmented into Herbicide Tolerance, Stacked, and Insect Resistance. GMO testing involves features like stacked, herbicide tolerance, and pest resistance in crops and processed foods. The output of genetically modified crops is increasing due to an increase in nutritional demand, which has resulted in a tightening of genetically modified food safety laws.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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