Global Genetically Modified Organism (GMO) Testing Market, By Trait (Stacked, Herbicide Tolerance, Insect Resistance), Technology (Polymerase Chain Reaction (PCR), Immunoassay), Crop & Processed Food Tested (Crop, Processed Food), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Genetically Modified Organism (GMO) Testing Market
The genetically modified organism (GMO) testing market is expected to witness market growth at a rate of 8.1% in the forecast period of 2021 to 2028. Data Bridge Market Research report on genetically modified organism (GMO) testing market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the investment in biotech research and development is escalating the growth of genetically modified organism (GMO) testing market.
Genetically Modified Organisms (GMO’s) can be referred to as the organisms that undergo alteration in the DNA structure by utilizing the biotechnology instruments. The food products can be manufactured by utilizing the genetically modified organisms in a manner to get good quality of food product.
Major factors that are expected to boost the growth of the genetically modified organism (GMO) testing market in the forecast period are the rise in the demand to ensure sufficient nutrient consumption. Furthermore, the technological evolution of farming practices is further anticipated to propel the growth of the genetically modified organism (GMO) testing market. Moreover, the diverse processed foods through GM crops are further estimated to cushion the growth of the genetically modified organism (GMO) testing market. On the other hand, the dearth application of regulations is further projected to impede the growth of the genetically modified organism (GMO) testing market in the timeline period.
In addition, the emerging markets for GMO testing will further provide potential opportunities for the growth of the genetically modified organism (GMO) testing market in the coming years. However, the ban on the manufacturing of the GM crops might further challenge the growth of the genetically modified organism (GMO) testing market in the near future.
This genetically modified organism (GMO) testing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on genetically modified organism (GMO) testing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Genetically Modified Organism (GMO) Testing Market Scope and Market Size
The genetically modified organism (GMO) testing market is segmented on the basis of trait, technology, and crop and processed food tested. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of trait, the genetically modified organism (GMO) testing market is segmented into stacked, herbicide tolerance and insect resistance.
- On the basis of technology, the genetically modified organism (GMO) testing market is segmented into polymerase chain reaction (PCR) and immunoassay.
- On the basis of crop and processed food tested, the genetically modified organism (GMO) testing market is segmented into crop and processed food. Crop is further sub segmented into corn, soy, rapeseed or canola, potato and others. Others are further sub segmented into tomato, sugarbeet and rice.
Genetically Modified Organism (GMO) Testing Market Country Level Analysis
The genetically modified organism (GMO) testing market is analysed and market size, volume information is provided by country, trait, technology, and crop and processed food tested as referenced above.
The countries covered in the genetically modified organism (GMO) testing market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the genetically modified organism (GMO) testing market due to the rise in the utilization of advanced technologies and a wider range of foods tested for GM food safety testing. Furthermore, the increase in the alertness amongst the consumers with regards to GM foods will further boost the growth of the genetically modified organism (GMO) testing market in the region during the forecast period. Europe is projected to observe significant amount of growth in the genetically modified organism (GMO) testing market due to the strict governing affairs for the GMO testing. Moreover, the customers’ disapproval towards the GM foods is further anticipated to propel the growth of the genetically modified organism (GMO) testing market in the region in the coming years.
The country section of the genetically modified organism (GMO) testing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Genetically Modified Organism (GMO) Testing Market Share Analysis
The genetically modified organism (GMO) testing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to genetically modified organism (GMO) testing market.
The major players covered in the genetically modified organism (GMO) testing market report are Thermo Fisher Scientific, SGS SA, Bureau Veritas, Intertek Group plc, Eurofins Scientific, Tüv Süd, Bio-Rad Laboratories, Inc., ALS Limited, bioMérieux SA, AsureQuality, Romer Labs Division Holding GmbH, Microbac Laboratories, Inc., Emsl Analytical Inc., Genetic ID, Inc., IfpInstitut fur Produktqualitat GmbH, OMIC USA and Silliker, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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