DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "GMO Testing Market by Trait (Stacked, Herbicide Tolerance, Insect Resistance), Technology (Polymerase Chain Reaction, Immunoassay), Crop Tested, Processed Food Tested, and Region - Global Forecast to 2022" report to their offering.
The GMO Testing Market, Estimated at USD 1.58 Billion in 2017, Is Projected to Grow at a CAGR of 8.2%, to Reach USD 2.34 Billion by 2022
The market is driven by factors such as the demand for high nutrition food products, consumers' consciousness regarding GMO foods, and innovations leading to new genetically modified crops and food. The high growth potential in the European region and untapped regions provide new growth opportunities for market players. Lack of implementation of regulations and poor technical knowledge of farmers are factors that are restraining the market growth of GMO testing.
On the basis of trait, the GMO testing market is led by the stacked segment, followed by herbicide tolerance and insect resistance. Stacked trait includes various combinations of traits introduced in crops to ensure protection against insects as well as usage of harsh agrochemicals. In the Asia-Pacific region the stacked varieties also include bio-fortification traits to produce high nutrition food crops.
The U.S. is focusing on the increased usage of advanced technologies and a wider range of foods tested for genetically modified food safety testing. Consumer awareness regarding genetically modified foods is increasing in the importing countries of Europe and Asia. Therefore, the demand for specialized tests on processed food containing GMOs requires new technology development. Also, there is an increase in the export of genetically modified crops in the U.S.
With greater applicability of genetically modified food safety testing and focus on achieving greater profits, several food manufacturers are willing to spend on genetically modified food safety testing services that can enhance the salability of products along with building brand value. The U.K. was the fastest-growing country-level market for genetically modified food safety testing in the world, and recorded the second highest in terms of value in the European region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Regulations: GMO Testing Market
7 GMO Testing Market, By Trait
8 GMO Testing Market, By Technology
9 GMO Testing Market, By Crop & Processed Food Tested
10 GMO Testing Market, By Region
11 Competitive Landscape
12 Company Profiles
- ALS Limited
- Bio-Rad Laboratories, Inc.
- Bureau Veritas Sa
- Eurofins Scientific Se
- Intertek Group PLC
- Microbac Laboratories, Inc.
- Mérieux Nutrisciences Corporation
- Romer Labs Diagnostic GmbH
- SGS S.A.
- Thermo Fisher Scientific, Inc.
- Tüv Süd AG
For more information about this report visit https://www.researchandmarkets.com/research/s8h9ss/gmo_testing