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.
Market Overview
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.
Genetically Modified Food can be described as the food that has been altered by the insertion of genetic material from a different organism. This alteration is carried out to enhance food products by providing them with certain novel characteristics. As these altered food products contain genetic material from a different organism, they have to be tested and evaluated, for toxins, allergenic compounds and harmful proteins, prior to their distribution and consumption. Genetically Modified Food Safety Testing involves testing of genetically altered crops and food products, wherein these crops are utilized.
Enhanced consumer awareness, stringent government regulations, increase in Research and Development activities and changing lifestyles are some of the major factors that are augmenting the growth of the Genetically Modified Food Safety Testing market.
COVID-19 Impact Analysis
Before the COVID-19 pandemic, companies in the genetically modified food safety testing market were expanding at a steady pace. However, during the pandemic, the food and beverage industry was negatively impacted. This can be accredited to the worldwide lockdown, travel bans and business shutdowns.
Due to the lockdown, there was a disruption in the supply chain of food products, which had a significant impact on the food and beverage industry. Additionally, due to shutdown of commercial and entertainment places such as restaurants, malls, diners among others, demand for the food and beverage industry declined as well.
All these factors had a negative impact on the genetically modified food safety testing market as the consumption and demand of genetically modified food products had declined.
Growth Factors
Enhanced consumer awareness, stringent government regulations, increase in Research and Development activities and changing lifestyles are some of the major factors that drive the growth of the Genetically Modified Food Safety Testing market.
With changing lifestyles, consumers are concerned about health-related issues and are thus, focusing on consuming food products that are nutritionally beneficial for them. Additionally, with increased awareness, consumers are shifting from their normal food products to products that are free from chemicals and pesticides. This enhances the growth of genetically modified food products as they do not require insecticides or pesticides for their growth and are nutritionally enhanced.
Subsequently, governments across the world have stringent regulations and policies for the safety standards of genetically modified food products. This will drive the market for Genetically Modified Food Safety Testing, during the forecast period.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
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. |
Technology Segment Analysis Preview
Polymerase chain reaction (PCR) segment held a share of over 35% in 2020. This immense share is attributable to factors such as innovations in the segment and enhanced reliability on the results.
Multiple DNA extractions kits are available in the market. These kits make the extraction process quick and convenient. Additionally, these kits make it possible to extract pure and high-quality DNA from the raw materials of genetically modified crops such as seeds and certified reference materials. Subsequently, the results of PCR testing are highly reliable as they can be easily replicated.
Furthermore, innovations such as Real Time PCR, provide the results of testing procedures immediately. Owing to these features, PCR is widely utilized in the testing of Genetically Modified Food.
Trait Segment Analysis Preview
The Stacked Traits segment is expected to reach a substantial CAGR between 2021 and 2028. Stacked Traits refer to the ability of the crop to possess more than one genetic modification. It helps them carry multiple traits/characteristics in a single variety of crop. They can be resistant to insects and pests, can show tolerance towards herbicides and be nutritionally enhanced, all at the same time.
Owing to this, they are utilized for a wide range of applications. They are consumed as food products, used as feed in the animal husbandry segment and utilized as ingredients for processed food. Increased demand and consumption of crops with stacked traits, promote the testing of Genetically Modified Food for safety reasons.
Regional Analysis Preview
The North America region held a share of over 33% in 2020. This is attributable to the presence of major players like Thermo Fisher Scientific, Bio-Rad Laboratories Inc., EMSL Analytical Inc. and Omic USA Inc. among others.
Additionally, the region is experiencing enhanced consumer awareness regarding consumption of healthy and nutritious food products. Concerns regarding foodborne diseases and ill impact of consuming contaminated or toxic food products are also on the rise. These factors promote food testing and thereby, enhance the market for Genetically Modified Food Safety Testing.
Furthermore, changes in lifestyle have resulted in increased consumption of processed food products and beverages. Subsequently, countries like the US and Canada have a large and well-established food industry, wherein processed food products hold a major segment. This will drive the growth of the Genetically Modified Food Safety Testing market, during the forecast period.
The Europe region is anticipated to reach a significant CAGR between 2021 and 2028. This is attributable to enhanced consumer awareness and stringent government regulations.
Countries such as the UK, France, Germany and Spain have stringent regulations and policies for genetically modified food. It has to meet certain prerequisites before it is released in the market for consumption. Owing to this, the Genetically Modified Food Safety Testing market is on the rise in the European region.
Additionally, due to increased health awareness, consumers are focusing on food products that are free from chemical such as pesticides, herbicides, insecticides among others. Subsequently, consumption of food that is high in nutritional value is the new trend. This enhances the growth of Genetically Modified Food Safety Testing market in the region as food products can be genetically modified to show increased levels of vitamins, minerals and proteins.
Key Market Players & Competitive Landscape
Some of the key players 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.
The global genetically modified food safety testing market is segmented as follows:
By Technology
By Trait
By Crop Tested
By Processed Food Tested
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Technology
FIG NO. 2. Market Attractiveness Analysis, By Trait
FIG NO. 3. Market Attractiveness Analysis, By Crop Tested
FIG NO. 4. Market Attractiveness Analysis, By Processed Food Tested
FIG NO. 5. Market Attractiveness Analysis, By Region
FIG NO. 6. Global Genetically Modified Food Safety Testing Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 7. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 8. Market Revenue Share, By Technology, 2020 & 2028
FIG NO. 9. Global Genetically Modified Food Safety Testing Market for Polymerase Chain Reaction (PCR), Revenue (USD Million) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Genetically Modified Food Safety Testing Market for Polymerase Chain Reaction (PCR), By Country, 2020 & 2028
FIG NO. 11. Global Genetically Modified Food Safety Testing Market for Immunoassay, Revenue (USD Million) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Genetically Modified Food Safety Testing Market for Immunoassay, By Country, 2020 & 2028
FIG NO. 13. Market Revenue Share, By Trait, 2020 & 2028
FIG NO. 14. Global Genetically Modified Food Safety Testing Market for Stacked Traits, Revenue (USD Million) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Genetically Modified Food Safety Testing Market for Stacked Traits, By Country, 2020 & 2028
FIG NO. 16. Global Genetically Modified Food Safety Testing Market for Insect Resistance Trait, Revenue (USD Million) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Genetically Modified Food Safety Testing Market for Insect Resistance Trait, By Country, 2020 & 2028
FIG NO. 18. Global Genetically Modified Food Safety Testing Market for Herbicide Tolerance Trait, Revenue (USD Million) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Genetically Modified Food Safety Testing Market for Herbicide Tolerance Trait, By Country, 2020 & 2028
FIG NO. 20. Market Revenue Share, By Crop Tested, 2020 & 2028
FIG NO. 21. Global Genetically Modified Food Safety Testing Market for Corn, Revenue (USD Million) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Genetically Modified Food Safety Testing Market for Corn, By Country, 2020 & 2028
FIG NO. 23. Global Genetically Modified Food Safety Testing Market for Soybean, Revenue (USD Million) 2016 – 2028
FIG NO. 24. Comparative Revenue Analysis of Genetically Modified Food Safety Testing Market for Soybean, By Country, 2020 & 2028
FIG NO. 25. Global Genetically Modified Food Safety Testing Market for Canola, Revenue (USD Million) 2016 – 2028
FIG NO. 26. Comparative Revenue Analysis of Genetically Modified Food Safety Testing Market for Canola, By Country, 2020 & 2028
FIG NO. 27. Global Genetically Modified Food Safety Testing Market for Potato, Revenue (USD Million) 2016 – 2028
FIG NO. 28. Comparative Revenue Analysis of Genetically Modified Food Safety Testing Market for Potato, By Country, 2020 & 2028
FIG NO. 29. Global Genetically Modified Food Safety Testing Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 30. Comparative Revenue Analysis of Genetically Modified Food Safety Testing Market for Others, By Country, 2020 & 2028
FIG NO. 31. Market Revenue Share, By Processed Food Tested, 2020 & 2028
FIG NO. 32. Global Genetically Modified Food Safety Testing Market for Meat and Meat Products, Revenue (USD Million) 2016 – 2028
FIG NO. 33. Comparative Revenue Analysis of Genetically Modified Food Safety Testing Market for Meat and Meat Products, By Country, 2020 & 2028
FIG NO. 34. Global Genetically Modified Food Safety Testing Market for Bakery and Confectionery Products, Revenue (USD Million) 2016 – 2028
FIG NO. 35. Comparative Revenue Analysis of Genetically Modified Food Safety Testing Market for Bakery and Confectionery Products, By Country, 2020 & 2028
FIG NO. 36. Global Genetically Modified Food Safety Testing Market for Breakfast Cereals and Snacks, Revenue (USD Million) 2016 – 2028
FIG NO. 37. Comparative Revenue Analysis of Genetically Modified Food Safety Testing Market for Breakfast Cereals and Snacks, By Country, 2020 & 2028
FIG NO. 38. Global Genetically Modified Food Safety Testing Market for Food Additives, Revenue (USD Million) 2016 – 2028
FIG NO. 39. Comparative Revenue Analysis of Genetically Modified Food Safety Testing Market for Food Additives, By Country, 2020 & 2028
FIG NO. 40. Global Genetically Modified Food Safety Testing Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 41. Comparative Revenue Analysis of Genetically Modified Food Safety Testing Market for Others, By Country, 2020 & 2028
FIG NO. 42. Global Genetically Modified Food Safety Testing Market Revenue Share, By Region, 2020 & 2028
FIG NO. 43. North America Genetically Modified Food Safety Testing Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 44. Porter’s Five Forces Analysis for Global Genetically Modified Food Safety Testing Market
FIG NO. 45. PEST Analysis for Global Genetically Modified Food Safety Testing Market
FIG NO. 46. Pricing Analysis for Global Genetically Modified Food Safety Testing Market
FIG NO. 47. Value Chain Analysis for Global Genetically Modified Food Safety Testing Market
FIG NO. 48. Company Share Analysis, 2020
FIG NO. 49. Radar Determinant Chart, 2019
FIG NO. 50. Company Strategic Developments – Heat Map Analysis
FIG NO. 51. Thermo Fisher Scientific Business Segment Revenue Share, 2020 (%)
FIG NO. 52. Thermo Fisher Scientific Geographical Segment Revenue Share, 2020 (%)
FIG NO. 53. Market Channels
FIG NO. 54. Marketing Channel Development Trend
FIG NO. 55. Growth in World Gross Product, 2008-2018
FIG NO. 56. Research Methodology – Detailed View
FIG NO. 57. Research Methodology
List of Tables
TABLE NO. 1. Global Genetically Modified Food Safety Testing Market: Snapshot
TABLE NO. 2. Quarterly Genetically Modified Food Safety Testing Market Revenue By Region, 2020
TABLE NO. 3. Quarterly Genetically Modified Food Safety Testing Market Revenue Forecast By Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Genetically Modified Food Safety Testing Market for Polymerase Chain Reaction (PCR), By Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Genetically Modified Food Safety Testing Market for Immunoassay, By Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Genetically Modified Food Safety Testing Market for Stacked Traits, By Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Genetically Modified Food Safety Testing Market for Insect Resistance Trait, By Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Genetically Modified Food Safety Testing Market for Herbicide Tolerance Trait, By Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Genetically Modified Food Safety Testing Market for Corn, By Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Genetically Modified Food Safety Testing Market for Soybean, By Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Genetically Modified Food Safety Testing Market for Canola, By Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Genetically Modified Food Safety Testing Market for Potato, By Region, 2016 – 2028 (USD Million)
TABLE NO. 15. Global Genetically Modified Food Safety Testing Market for Others, By Region, 2016 – 2028 (USD Million)
TABLE NO. 16. Global Genetically Modified Food Safety Testing Market for Meat and Meat Products, By Region, 2016 – 2028 (USD Million)
TABLE NO. 17. Global Genetically Modified Food Safety Testing Market for Bakery and Confectionery Products, By Region, 2016 – 2028 (USD Million)
TABLE NO. 18. Global Genetically Modified Food Safety Testing Market for Breakfast Cereals and Snacks, By Region, 2016 – 2028 (USD Million)
TABLE NO. 19. Global Genetically Modified Food Safety Testing Market for Food Additives, By Region, 2016 – 2028 (USD Million)
TABLE NO. 20. Global Genetically Modified Food Safety Testing Market for Others, By Region, 2016 – 2028 (USD Million)
TABLE NO. 21. Global Genetically Modified Food Safety Testing Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 22. North America Genetically Modified Food Safety Testing Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 23. North America Genetically Modified Food Safety Testing Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 24. North America Genetically Modified Food Safety Testing Market Revenue, By Trait, 2016 – 2028 (USD Million)
TABLE NO. 25. North America Genetically Modified Food Safety Testing Market Revenue, By Crop Tested, 2016 – 2028 (USD Million)
TABLE NO. 26. North America Genetically Modified Food Safety Testing Market Revenue, By Processed Food Tested, 2016 – 2028 (USD Million)
TABLE NO. 27. U.S. Genetically Modified Food Safety Testing Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 28. U.S. Genetically Modified Food Safety Testing Market Revenue, By Trait, 2016 – 2028 (USD Million)
TABLE NO. 29. U.S. Genetically Modified Food Safety Testing Market Revenue, By Crop Tested, 2016 – 2028 (USD Million)
TABLE NO. 30. U.S. Genetically Modified Food Safety Testing Market Revenue, By Processed Food Tested, 2016 – 2028 (USD Million)
TABLE NO. 31. Canada Genetically Modified Food Safety Testing Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 32. Canada Genetically Modified Food Safety Testing Market Revenue, By Trait, 2016 – 2028 (USD Million)
TABLE NO. 33. Canada Genetically Modified Food Safety Testing Market Revenue, By Crop Tested, 2016 – 2028 (USD Million)
TABLE NO. 34. Canada Genetically Modified Food Safety Testing Market Revenue, By Processed Food Tested, 2016 – 2028 (USD Million)
TABLE NO. 35. Mexico Genetically Modified Food Safety Testing Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 36. Mexico Genetically Modified Food Safety Testing Market Revenue, By Trait, 2016 – 2028 (USD Million)
TABLE NO. 37. Mexico Genetically Modified Food Safety Testing Market Revenue, By Crop Tested, 2016 – 2028 (USD Million)
TABLE NO. 38. Mexico Genetically Modified Food Safety Testing Market Revenue, By Processed Food Tested, 2016 – 2028 (USD Million)
TABLE NO. 39. Drivers for the Genetically Modified Food Safety Testing Market: Impact Analysis
TABLE NO. 40. Restraints for the Genetically Modified Food Safety Testing Market: Impact Analysis
TABLE NO. 41. Major Buyers of Genetically Modified Food Safety Testing
TABLE NO. 42. Distributors/Traders List of Genetically Modified Food Safety Testing
TABLE NO. 43. Global Genetically Modified Food Safety Testing Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 44. Global Genetically Modified Food Safety Testing Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
Request the coronavirus impact analysis across industries and markets
The global genetically modified food safety testing market was valued at USD 1,951.6 Million in 2020.
The global genetically modified food safety testing market is expected to reach USD 3,627.2 Million by 2028, growing at a CAGR of 8.3% between 2021 to 2028.
Some of the key factors driving the global Genetically Modified Food Safety Testing market growth are Enhanced consumer awareness, stringent government regulations, increase in Research and Development activities and changing lifestyles.
North America region held a substantial share of the genetically modified food safety testing market in 2020. This surge can be credited to the presence of major players like Thermo Fisher Scientific, Bio-Rad Laboratories Inc., EMSL Analytical Inc. and Omic USA Inc. among others, in the region.
Zion Market Research
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No 020-46277770
US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed