Genetically Modified Organisms (GMO) testing services have become indispensable in evaluating the nutritional content of GM crops, meats, and foods. Through biotechnological advancements, original crop seeds are modified to ensure higher yields, leading to a surge in GM product demand.
Market Expansion and Influencing Factors
The global Genetically Modified Organisms (GMO) Testing Services market is set to hit an estimated value of $3.2 billion by 2029, experiencing a substantial rise from $1.9 billion in 2022. This upward trajectory signifies a robust Compound Annual Growth Rate (CAGR) of 7.8% from 2023 to 2029. Noteworthy economic environments, coupled with the impacts of COVID-19 and the Russia-Ukraine War, have significantly shaped market trends in recent years and are comprehensively considered in this comprehensive market research.
Key Insights into GM Crops Usage
According to the 2020 report by the Food and Agriculture Organization (FAO), approximately 55% of the total global maize production served as animal feeds, while 20% found applications in non-food sectors. Shockingly, only 12% w
as utilized as food products. In 2021, the US emerged as the leading producer of genetically modified crops, contributing to over 37% of the global output, encompassing soybeans, cotton, corn, apples, canola, sugar beets, papaya, and potatoes. US farmers allocated over 170 million acres of agricultural land for GMO crop farming in 2019. While scientific communities assert that biotech crops have alleviated global issues like food insecurity, poverty, malnutrition, and climate change, 39% of US consumers still perceive GM foods as less healthy than non-GM counterparts.
Leading Industry Players
In the realm of Genetically Modified Organisms (GMO) testing services, several prominent industry players have emerged. These key contributors include AgEtal, Alfa Chemistry, ALS Limited, Ayub Agricultural Research Institute (AARI), Bio-Rad Laboratories, Inc., Bioscience, Bureau Veritas SA, BVAQ, Centre Testing International (CTI), EMSL Analytical Inc., EnviroLogix, Eurofins Scientific SE, Genetic ID NA, Inc., Intertek Group Plc., Mérieux NutriSciences Corporation, Microbac Laboratories, Inc., Middle East Testing Services (METS), Monsanto (Bayer AG), OMIC USA Inc., Romer Labs, SGS SA, STC, Thermo Fisher Scientific Inc., and TÜV SÜD AG. These entities play a pivotal role in driving innovation and setting industry benchmarks.
Segmentation
The Genetically Modified Organisms (GMO) testing services market is classified into various distinct segments based on type and application. These encompass Polymerase Chain Reaction, Lateral Flow Devices, ELISA Test, Herbicide Tolerance, Insect Resistance, and other specialized testing methodologies. This segmentation allows for a comprehensive understanding of the diverse techniques and technologies employed in GMO testing.
Regional Coverage
The market for GMO testing services spans across different regions globally. This includes North America, covering the United States and Canada, Europe with Germany, France, the U.K., Italy, Russia, Nordic Countries, and the rest of Europe. Additionally, Asia-Pacific incorporates China, Japan, South Korea, Southeast Asia, India, Australia, and the remaining parts of Asia. Latin America encompasses Mexico, Brazil, and the rest of Latin America. Lastly, the Middle East & Africa covers Turkey, Saudi Arabia, UAE, and the rest of the MEA region. This extensive regional coverage ensures a holistic perspective on the global GMO testing services market.
Report Chapters at a Glance
The report on GMO testing services is structured across several chapters to provide a comprehensive overview. These chapters are meticulously designed to offer valuable insights. They encompass product basic information, global market size, regional market size, market opportunities, challenges, competition patterns among companies, product type analysis, product application analysis, in-depth country level value analysis, company outlines, market conclusions, and a detailed exposition of the research methodology and data sources. Each chapter is instrumental in providing a thorough understanding of the market dynamics and trends in GMO testing services.
For In-Depth Competitive Analysis, Purchase this Report: https://www.themarketreports.com/report/buy-now/1764678
About The Market Reports
At ‘The Market Reports’, we are a trusted market research firm dedicated to empowering businesses with valuable insights and data to drive their success. We offer a wide range of comprehensive market research reports to meet the unique needs of each client. From market analysis and competitive intelligence to consumer behavior and trend forecasting, we provide the critical information necessary to make informed decisions and stay ahead of the competition. Our goal is to empower our clients with the knowledge they need to drive growth, make strategic investments, and seize new opportunities.
Contact Information
The Market Reports
Contact Person: Shirish Gupta
Phone: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Address: SF-29, Sacred World, Wanawadi, Pune, 411040 (India)