Global GMO Testing Market to Reach $4.21 Billion by 2029, Growing at 0.109450560730225% CAGR

What industry-specific factors are fueling the growth of the gmo testing market?
The growth of the GMO testing market is being fueled by the escalated production of genetically modified crops. These crops are created using GM technology, which involves the integration of new DNA into a plant's genome, leading to the cultivation of plant cells in tissue culture to germinate into plants. The offspring seeds from these genetically modified plants will carry the new DNA, providing nutritional improvements, disease resilience, phytoremediation, and a reconfigured cell wall structure for superior biofuel conversion. There is an escalating nutritional demand and stern genetically modified food safety regulations are pushing for more production. As an example, the United States Department of Agriculture, a government agency based in the US, reported in December 2023 that Canada sowed 11.7 million hectares of genetically engineered crops in 2023, primarily canola, soybeans, and corn. This was a four percent rise from the past year, spurred by the growth in canola planting areas. Thus, the amplified production of genetically modified crops is anticipated to drive the growth of the GMO testing market in the future.

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What Is the projected market size and growth rate for the gmo testing market?
The market size for GMO testing has experienced swift expansion in the past few years. It is projected to rise from $2.52 billion in 2024 to $2.77 billion in 2025, courting a compound annual growth rate (CAGR) of 10.0%. The considerable growth during the historical period is primarily due to rising adoptions of gmo crops, regulatory compliance norms, heightened consumer awareness, concerns over food safety, along with international trade and export.

The market size for GMO testing is predicted to expand swiftly in the coming years, reaching a worth of $4.2 billion in 2029 with a compound annual growth rate (CAGR) of 10.9%. The upcoming period of growth can be credited to factors such as consumer desire for transparency, global trade rules, traceability obligations, changes in regulations, and assessment of environmental impacts. Dominant trends in this forecast period encompass innovative detection technologies, accelerated testing solutions, applications outside of food, blockchain and digital recordkeeping, as well as heightened consumer awareness and preferences.

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What new trends are reshaping the gmo testing market and its opportunities?
In the GMO testing market, leading firms are innovating with novel PCR techniques as a standout strategy. PCR, short for Polymerase Chain Reaction, is a crucial lab process in molecular biology for replicating specific segments of DNA. For example, Bio-Rad Laboratories, Inc., an American biotech firm, unveiled the ID-Check Speciation Solution - a real-time PCR method for meat speciation - in April 2023. This methodology enables animal species identification in food, feed, and environmental samples, being a swift and reliable method to confirm origins of raw materials and improve cleaning processes during production. It targets mitochondrial DNA from multiple meat species, such as bovine, chicken, duck, goat, horse, sheep, swine, and turkey, with remarkable sensitivity and capacity to detect even 0.001% of the species DNA. The kit features a duplex detection system for improved accuracy and ease of use.

What major market segments define the scope and growth of the gmo testing market?
The gmo testing market covered in this report 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, Other Processed Food
4) By Crop Tested: Corn, Soybean, Rapeseed Or Canola, Potato, Other Crops

Subsegments:
1) By Stacked: Multiple Gene Combinations, Trait Combination Testing
2) By Herbicide Tolerance: Glyphosate Resistance Testing, Other Herbicide Resistance Testing
3) By Insect Resistance: Bt (Bacillus thuringiensis) Trait Testing, Other Insect Resistance Traits

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Which region dominates the gmo testing market?
Europe was the largest region in the GMO testing market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the gmo testing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Which key market leaders are driving the gmo testing industry growth?
Major companies operating in the gmo testing market include Thermo Fisher Scientific Inc., SGS S.A., Bureau Veritas SA, Intertek Group PLC, Eurofins Scientific SE, TÜV SÜD AG, Mérieux NutriSciences Corporation, Bio-Rad Laboratories Inc., ALS Limited, Romer Labs Diagnostic Inc., Microbac Laboratories Inc., AsureQuality Limited, OMIC USA Inc., Monsanto Company, EMSL Analytical Inc., FoodChain ID Inc., National Sanitation Foundation International, Genetic ID NA Inc., Symbio Laboratories Pty Ltd., Agilent Technologies Inc., EnviroLogix Inc., Geneius Laboratories Ltd., Primoris Services Corporation, Qiagen N.V., Neogen Corporation, AsureQuality Pty Limited, Genetic ID Europe AG, Silliker Inc.

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What Is Covered In The GMO Testing Global Market Report?

•Market Size Forecast: Examine the gmo testing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the gmo testing market for a structured understanding.
•Key Players Overview: Analyze major players in the gmo testing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the gmo testing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the gmo testing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the gmo testing market.
•Industry Challenges: Identify potential risks and obstacles affecting the gmo testing market.
•Competitive Landscape: Review strategic developments in the gmo testing market, including expansions, agreements, and new product launches.

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This release was published on openPR.