07-Oct-2021 | Zion Market Research
Major companies in the genetically modified food safety testing market are Thermo Fisher Scientific, SGS S.A., Bureau Veritas, Intertek Group PLC, Eurofins Scientific, TÜV SÜD, Bio-Rad Laboratories Inc., EMSL Analytical Inc., Omic USA Inc., Romer Labs Division Holding GmbH and DuPont Corporation among others. These players are set to bolster the development of the global genetically modified food safety testing market.
According to analysts at Zion Market Research, the global genetically modified food safety testing market accounted for USD 1,951.6 Million in 2020 and is expected to reach USD 3,627.2 Million by 2028, growing at a CAGR of 8.3% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Genetically Modified Food Safety Testing Market By Technology (Polymerase Chain Reaction and Immunoassay), By Trait (Stacked Traits, Insect Resistance Trait and Herbicide Tolerance Trait), By Crop Tested (Corn, Soybean, Canola, Potato and Others), By Processed Food Tested (Meat and Meat Products, Bakery and Confectionery Products, Breakfast Cereals and Snacks, Food Additives and Others), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Increasing Consumer Awareness to Enhance Growth
The global Genetically Modified Food Safety Testing market is experiencing massive growth. The key factors contributing to this growth include customer awareness about the genetically modified food; improvements leading to novel genetically modified food and crops and need for food products with elevated nutrition.
Presence of Major Players to Assist North America Growth
North America is dominating the global genetically modified food safety testing Market. This dominance can be attributed to the presence of major players in the region. Additionally, North America is global exporter of corn, canola, and soy and thus, needs to conduct tests as per the importing country regulations for GMO labelling.
Subsequently, Europe is anticipated to be the fastest growing market. The European countries are getting strict in their genetically modified organism laws, thus resulting in the robust testing of the genetically modified organism for wellbeing.
Asia Pacific is also anticipated to grow in the market at a fast pace in the near future.
Browse the full “Genetically Modified Food Safety Testing Market By Technology (Polymerase Chain Reaction and Immunoassay), By Trait (Stacked Traits, Insect Resistance Trait and Herbicide Tolerance Trait), By Crop Tested (Corn, Soybean, Canola, Potato and Others), By Processed Food Tested (Meat and Meat Products, Bakery and Confectionery Products, Breakfast Cereals and Snacks, Food Additives and Others) and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/genetically-modified-food-safety-testing-market
The global genetically modified food safety testing market is segmented as follows:
By Crop Tested
By Processed Food Tested
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