Global Genetically Modified Food Safety Testing Market: Overview
Genetically modified foods, also called as genetically engineered foods, are foods produced with the help of organisms with alterations brought into their DNA through the genetic engineering methods. The global food supply is facing continuous hazard and hence efficient test methods that can assure food protection are in need. Microbial pathogens, including viruses, bacteria, food allergens, adulterants, environmental toxins, agricultural chemicals, residues of drugs which if undetected can harm the consumers. Thus, there in a high need for food safety testing.
Global Genetically Modified Food Safety Testing Market: Growth Factors
The key factors contributing to the growth of the global genetically modified food safety testing market include the customer awareness about the genetically modified food, improvements leading to novel genetically modified food & crops, and need for elevated nutrition food products.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Genetically Modified Food Safety Testing Market: Segmentation
The global genetically modified food safety testing market can be segmented based on crop tested, trait, technology, processed food tested, and geography. The crop tested segment of the global market is divided into rapeseed/canola, corn, potato, soybean, and others. The other segment of the global market is sub-segmented into sugar beet, rice, and tomato. The trait segment of the global market is classified into insect resistance, stacked, and herbicide tolerance. The technology segment of the global genetically modified food safety testing market is diversified into immunoassay and polymerase chain reaction (PCR-based). The processed food tested segment of the market is sub-segmented into breakfast cereals & snacks, bakery & confectionery, food additives, meat & meat products, and other processed food. The other processed food segment of the market is categorized into dairy products, processed beverages, and infant food. Regionally, the global genetically modified food safety testing market is grouped into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Global Genetically Modified Food Safety Testing Market: Regional Analysis
Europe is estimated to dominate the global genetically modified food safety testing 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. North America is also expected to grow at a higher rate in the coming period as it is a key global exporter of corn, canola, and soy and thus needs to conduct tests as per the importing country regulations for GMO labeling. Asia Pacific is also anticipated to grow in the market at a fast pace in the near future.
Global Genetically Modified Food Safety Testing Market: Competitive Players
The prominent players in the global genetically modified food safety testing market are EMSL Analytical Inc., Intertek Group plc, Genetic ID NA, Inc., Eurofins Scientific SE, SGS S.A., and Bio-Rad Laboratories, Inc. The other major players in the global market include Silliker, Inc., OMIC USA Inc., Institut fur Produktqualitat GmbH, DUPONT Corp., and Romer Labs Division Holding GmbH.
Global Genetically Modified Food Safety Testing Market: Regional Segment Analysis
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