Global GMO Testing Market Outlook, Opportunities And Strategies
Learn about the global GMO testing market through The Business Research Company, which provides information on GMO testing market size, GMO testing market drivers and restraints, GMO testing market players, the COVID-19 impact on the GMO testing market, and more.
The global GMO testing market is expected to grow from $1.85 billion in 2021 to $2.08 billion in 2022 at a compound annual growth rate (CAGR) of 12.3%. The growth in the GMO testing market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The GMO testing market is expected to reach $2.91 billion in 2026 at a CAGR of 8.7%.
The increased production of genetically modified crops is contributing to the growth of the GMO testing market.
Request A Sample For The Global Gmo Testing Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5601&type=smp
The GMO testing market consists of sales of GMO testing technologies by entities (organizations, sole traders, and partnerships) that can be used to detect genetically modified organisms in food or feed. GMO testing qualifies and quantifies genetically modified organisms present in the food or feed samples to meet the appropriate national and international controls, performs independent verification to trade in confidence with countries specifying GMO-free products and prevents cross-contamination throughout the supply chain.
Global GMO Testing Market Segments Include:
By Trait: Stacked, Herbicide Tolerance, Insect Resistance
By Technology: Polymerase Chain Reaction (PCR), Immunoassay
By Processed Food Types: Bakery and confectionery, Meat products, Breakfast cereals and snacks, Food additives, Others
By Crop Tested: Corn, Soybean, Rapeseed Or Canola, Potato, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe was the largest region in the GMO testing market in 2021.
Technological advancements in farming practices are the key trend gaining popularity in the GMO testing market. The advanced technologies for agricultural farming include robots, aerial images, temperature, and moisture sensors, and GPS technology will allow farms to be more profitable, safe, efficient, and environmentally friendly. The advanced farming practices are beneficial for GM crops production to meet the demand and food security.
TBRC’s GMO testing market report covers:
Major Market Players: Thermo Fisher Scientific, SGS S.A., Bureau Veritas SA, Intertek Group Plc., Eurofins Scientific SE, TÜV SÜD AG, Merieux Nutrisciences Corporation, Bio-Rad Laboratories Inc., ALS Limited, Romer Labs Diagnostic, Microbac Laboratories, AsureQuality Limited, OMIC USA Inc., Monsanto, EMSL Analytical Inc., and FoodChain ID Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The GMO Testing Global Market Report 2022–Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides GMO testing market overviews, analyses and forecasts market size, share, GMO testing market players, GMO testing market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s GMO testing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here Is A List Of Similar Reports From The Business Research Company:
Food Pathogen Detection Technology Global Market Report 2022
Food And Beverage Testing Kits Global Market Report 2021
Food And Beverage Stores Global Market Report 2021
Interested To Know More About The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
Read More About Us At https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Follow us on Twitter: https://twitter.com/tbrc_info
Found This Article Helpful? Share It On: