GMO Testing Market Global Trends, Share, Growth, Opportunity and Forecast 2022 -2031
The increasing adoption of genetically modified (GM) crops and the growing demand for non-GMO products drive the growth of the global GMO testing market.
PORTLAND, OR, US, October 25, 2023 /EINPresswire.com/ — GMO Testing Market by Technology (Polymerase Chain Reaction, ELISA Test, Strip Test), by Crop Type (Corn, Soy, Rapeseed and Canola, Potato, Others), by Trait (Stacked, Herbicide Tolerance, Insect Resistance): Global Opportunity Analysis and Industry Forecast, 2021-2031″. According to the report, the global GMO testing industry generated $3.9 billion in 2021, and is anticipated to generate $6.2 billion by 2031, witnessing a CAGR of 4.8% from 2022 to 2031.
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The GMO testing market refers to the market for testing genetically modified organisms (GMOs) in food, feed, and other products. GMO testing is important to ensure the safety and quality of these products and to meet regulatory requirements in many countries.
In recent years, the demand for GMO testing has been increasing due to several factors. One of the main drivers of demand is the growing consumer awareness and concern about the use of GMOs in food and other products. Many consumers are seeking non-GMO products, and retailers and manufacturers are responding by labeling their products as non-GMO and conducting GMO testing to verify the claims.
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ALS Limited,
Institut Merieux,
Bio-Rad Laboratories, Inc.,
LGC Limited,
R-Biopharm AG,
Eurofins Scientific,
SGS SA,
Intertek Group plc,
Microbac Laboratories, Inc.,
OMIC USA Inc.,
EnviroLogix Inc.,
Koninklijke DSM N.V.,
Thermo Fisher Scientific Inc.,
Premier Foods plc,
TUV SUD AG
Despite growing consumer awareness of GMOs, many people still do not understand the science behind GMO testing or the reasons why it is important. This lack of awareness can limit the demand for GMO testing. Also, while regulatory requirements for GMO testing can drive demand, they can also create challenges for companies and governments. For example, different countries may have different regulations or testing requirements, which can create barriers to trade.
Biotechnologically altered food products are being sold in the market for many years. GMOs contained in human food or feed samples are identified and quantified using polymerase chain reaction (PCR) tests, which further provide the independent confirmation clients require to engage in risk-free trading.
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Based on technology, the PCR segment held the highest market share in 2021, accounting for more than half of the global GMO testing market, and is estimated to maintain its leadership status throughout the forecast period. PCR can be used to identify and quantify GMOs in a sample, as well as to confirm the absence of GMOs in a product labeled as non-GMO. The technique is highly sensitive and specific, allowing for the detection of even trace amounts of GMO DNA in a sample. However, the ELISA test segment is projected to manifest the highest CAGR of 6.0% from 2022 to 2031. ELISA is a sensitive and specific method for GMO testing that can be used to detect the presence of specific proteins produced by genetically modified plants. It is a widely used method in the food industry and can help ensure the safety and quality of food products for consumers.
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Based on region, North America held the highest market share in terms of revenue in 2021, accounting for nearly two-fifths of the global GMO testing market, and is likely to dominate the market during the forecast period, due to the widespread use of genetically modified crops in the food industry. In North America, genetically modified crops such as soybeans, corn, and cotton are widely grown and used in many food and feed products. The demand for GMO testing in North America is driven by various factors, including regulatory requirements, consumer demand for non-GMO products, and the need for quality control in the food supply chain. However, the Asia-Pacific region is expected to witness the fastest CAGR of 7.1% from 2022 to 2031. The demand for GMO testing in the Asia-Pacific region is driven by a range of factors, including regulatory requirements, consumer demand, and export requirements.
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Based on crop type, the soy segment held the highest market share in 2021, accounting for more than one-third of the global GMO testing market, and is estimated to maintain its leadership status throughout the forecast period. PCR is the most common method used for GMO testing of soy, as it is a highly sensitive and specific technique that can detect even trace amounts of GMO DNA. In PCR, specific DNA sequences are targeted, amplified, and then detected using fluorescent probes.
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Depending on the technology, the polymerase chain reaction segment dominated the global market in the year 2021 and is likely to remain dominant during the GMO Testing Market Forecast period.
As per crop type, the soy segment dominated the global market in the year 2021 and is likely to remain dominant during the forecast period.
By traits, the herbicide tolerance segment dominated the global GMO Testing Market in the year 2021 and is likely to remain dominant during the forecast period.
Region-wise, North America dominated the global market in the year 2021 and is likely to remain dominant during the forecast period.
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