Global Genetically Modified Food Safety Testing Market is Expected to Reach $4.8 Billion by 2033: Growing Demand for Genetically Modified Foods Fuels the Sector - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Genetically Modified Food Safety Testing Market by Trait, Technology (Polymerase Chain Reaction, Immunoassay, Microarray, And Others), and by Region - Global Forecast to 2022-2033" report has been added to ResearchAndMarkets.com's offering.

The genetically modified (GM) food safety testing market size was USD 1,985.2 million in 2022 and is expected to reach at USD 4,989.8 million by 2033 with a CAGR of 8.74% during the forecast period 2023-2033.

Companies Mentioned

• Thermo Fisher Scientific Inc.
• Eurofins Scientific SE
• SGS SA
• Intertek Group plc
• Genetic ID NA Inc
• Merieux NutriSciences Corporation
• Bureau Veritas SA
• Romer Labs Diagnostic GmbH
• ALS Limited
• Asure Quality Limited
• Bio-Rad Laboratories

The growing demand for genetically modified foods is one of the factors driving the market growth. Furthermore, the technical advancement in farming techniques is expected to drive market growth. However, the lack of consistency in testing methods and high testing costs are expected to hinder the market growth.

The growing demand for genetically modified foods is expected to fuel market growth during the projected period. Growing awareness regarding advantages, such as greater yield, enhanced nutritional value, and resistance to pests and diseases, the demand for genetically modified crops is growing.

The demand for safety testing has grown as a result of the rise in the production and consumption of genetically modified food. The demand for safety testing is growing as more genetically modified crops are produced and consumed. To evaluate the possible risks of genetically modified crops and make sure they are safe for consumption by humans, safety testing is required. To evaluate the safety and quality of genetically modified crops, there has been a corresponding increase in the need for safety testing services.

The technical advancement in farming techniques is expected to propel the market growth during the forecast period. Farmers are using genetically modified crops to boost yield and reduce crop loss from pests and diseases as a result of the increased need for food production to feed the expanding world population. As a result, the usage of GMOs in agriculture has expanded, which has raised the demand for GMO testing to verify the safety of food and regulatory compliance.

The detection and quantification of GMOs in food and agricultural products have become simpler and more effective as a result of developments in the technologies used for GMO testing, such as the polymerase chain reaction (PCR) and next-generation sequencing (NGS). These methods provide excellent specificity and sensitivity, making it possible to test for GMOs in even trace amounts with accuracy and reliability.

Market Segmentation:

Trait (Revenue, USD Million), 2022 - 2033

• Herbicide Tolerance
• Insect Resistance
• Stacked Traits
• Others

Technology (Revenue, USD Million), 2022 - 2033

• Polymerase Chain Reaction (PCR)
• Microarray
• Immunoassay
• Others

By Region (Revenue, USD Million), 2022 - 2033

North America

• U.S.
• Canada

Europe

• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of APAC

Latin America

• Brazil
• Mexico
• Argentina
• Rest of LATAM

Middle East & Africa

• South Africa
• GCC
• Rest of MEA

For more information about this report visit https://www.researchandmarkets.com/r/nybuqh

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