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GMO Testing Market: Sturdy Growth, Key Players & Trends Steering $4.2 billion Forecast by 2029
GMO Testing Market
What is the Projected Market Size of the Global GMO Testing Market and its Growth Rate?
o The GMO testing market has witnessed significant growth recently, standing at $2.52 billion in 2024 before surging to $2.77 billion in 2025 at a CAGR of 10.0%.
o Factors like increased adoption of GMO crops, regulatory compliance, and consumer awareness have stimulated this growth.
o Looking forward, the GMO testing market is likely to further escalate considerably, reaching an approximate $4.2 billion by 2029 at a CAGR of 10.9%.
o The projected razor-sharp growth can be attributed to a host of factors including consumer demand for transparency, global trade regulations, traceability requirements, and regulatory changes, among others.
What is Driving the Growth in the GMO Testing Market?
The increased production of genetically modified crops is significantly driving the growth in the GMO testing market. Genetically modified crops, produced by GM technology, hold the potential to transform a plant's genome and enhance its nutritional value, disease resistance, and biofuel conversion ability, among other things. Regulatory requirements and a rising demand for nutrition are promoting the production of these crops. As an example, in 2023, Canada increased its genetically engineered crop cultivation by 4%, primarily focusing on canola, soybeans, and corn, pointing towards growth in the GMO Testing Market.
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Who are the Key Players Driving GMO Testing Market Growth?
The GMO testing market is led by the following major players:
o Thermo Fisher Scientific Inc.
o SGS S.A.
o Bureau Veritas SA
o Intertek Group PLC
o Eurofins Scientific SE
o TÜV SÜD AG
o Mérieux NutriSciences Corporation
o Bio-Rad Laboratories Inc.
What are the Key Trends in the GMO Testing Market?
Major trends contributing to the market growth include:
o Advanced detection technologies
o Rapid testing solutions
o Non-food applications
o Blockchain and digital records
o Increasing consumer awareness and preferences.
What are the Segments of the Global GMO Testing Market?
The GMO testing market is segmented as follows:
o By Trait: Stacked, Herbicide Tolerance, Insect Resistance
o By Technology: Polymerase Chain Reaction (PCR), Immunoassay
o By Processed Food Types: Bakery and confectionery, Meat products, Breakfast cereals and snacks, Food additives
o By Crop Tested: Corn, Soybean, Rapeseed Or Canola, Potato
Which Region Leads the GMO Testing Market?
Europe led the GMO testing market in 2024, with North America projected to demonstrate the fastest growth throughout the forecast period. The report covers other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What is Covered in the GMO Testing Market Global Market Report?
- Market Size Analysis: Analyze the GMO Testing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the GMO Testing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall GMO Testing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the GMO Testing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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