GMO Testing Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
GMO Testing Market Analysis
Global GMO Testing Market is projected to grow at a CAGR of 7.50% during the forecast period (2020-2025).
- Backed by the growing demand for free-from food products, worldwide, food authentication testing including one to done GMO analysis is making substantial space in the industry. Moreover, the growing prevalence of food frauds in the industry, including deliberate substitution of ingredients, misleading consumers with false claims, and disruptive labeling, consumers have become skeptical about the authentication of food products meant to serve specific demands.
- This, in turn, has led the food manufacturers to opt for food testing techniques as the most effective way to differentiate their products from conventional offerings, to capture significant shares in the market.
GMO Testing Market Trends
This section covers the major market trends shaping the GMO Testing Market according to our research experts:
PCR Technique Holds a Significant Market Share
PCR technique is the most efficient method used to detect trace amounts of degraded nucleic acids and their sequence established. It is also the most reliable technology, as it targets a very short DNA region for species detection. Therefore, the method is useful to identify meat or fish species and genetically altered foods, including cheese. Processing multiple PCR tests in parallel helps in detecting the DNA of beef, sheep, goat, pork, chicken, turkey, camel, horse, and donkey in a single run. Moreover, innovations in the PCR technique are further enhancing the growth of the segment. High efficacy of DNA analysis over protein analysis has been boosting the demand for PCR technique in the industry, resulting in the extensive use of the technique.
The United States leads the Global Market
The US consumers do not refrain from paying high prices for free-from food products, that are natural and healthy. Around 44% claim to pay 75% or more extra for food products they recognize and trust. Moreover, with the growing prevalence of free-from food products, companies such as Safe + Fair Food Co. based in Chicago, are coming up with plethora of food offerings for consumers. The company is all about non-G.M.O. and other free- from food products offering snacks, desserts, meals, etc. The rise of such independent firms with dedicated business in free-from industry are primarily driving the market for GMO-Testing in the country. As a result, the country remained the leader at global marketplace.
GMO Testing Industry Overview
The global market for GMO testing is fragmented with key players looking for greater market penetration, especially in the developed markets, where the regulatory compliance is strict and the public awareness regarding food authentication is also high. Some of the leading players in the market include Intertek, Eurofins, and SGS SA. These companies compete on different factors, including service offerings, geographical reach, and improved technologies, in order to gain competitive advantage in the market.
GMO Testing Market Leaders
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Intertek Group plc
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SGS SA
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Eurofins Scientific
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ALS Limited
*Disclaimer: Major Players sorted in no particular order
GMO Testing Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Technology
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5.1.1 Polymerase Chain Reaction
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5.1.2 ELISA Test
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5.1.3 Strip test (Lateral Flow Device or Dipstick)
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5.2 Geography
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5.2.1 North America
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5.2.1.1 United States
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5.2.1.2 Canada
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5.2.1.3 Mexico
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5.2.1.4 Rest of North America
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5.2.2 Europe
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5.2.2.1 Germany
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5.2.2.2 United Kingdom
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5.2.2.3 Italy
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5.2.2.4 France
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5.2.2.5 Russia
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5.2.2.6 Spain
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5.2.2.7 Rest of Europe
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5.2.3 Asia-Pacific
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5.2.3.1 India
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5.2.3.2 China
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5.2.3.3 Japan
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5.2.3.4 Australia
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5.2.3.5 Rest of Asia-Pacific
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Middle-East and Africa
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5.2.5.1 South Africa
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5.2.5.2 United Arab Emirates
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5.2.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Most Active Companies
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6.3 Company Profiles
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6.3.1 Intertek Group plc
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6.3.2 SGS SA
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6.3.3 Eurofins Scientific
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6.3.4 ALS Limited
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6.3.5 NSF International
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6.3.6 EMSL Analytical, Inc.
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6.3.7 Merieux NutriSciences Corporation
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6.3.8 Bureau Veritas
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
GMO Testing Industry Segmentation
Global GMO Testing market includes revenue generated through tests performed with PCR Test, ELISA Test, and Strip test. Additionally, the study covers market revenue in major countries of the regions North America, Europe, Asia-Pacific, South America, and Middle East and Africa.
| Technology | |
| Polymerase Chain Reaction | |
| ELISA Test | |
| Strip test (Lateral Flow Device or Dipstick) |
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GMO Testing Market Research FAQs
What is the current Global GMO Testing Market size?
The Global GMO Testing Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in Global GMO Testing Market?
Intertek Group plc , SGS SA , Eurofins Scientific and ALS Limited are the major companies operating in the Global GMO Testing Market.
Which is the fastest growing region in Global GMO Testing Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global GMO Testing Market?
In 2024, the North America accounts for the largest market share in Global GMO Testing Market.
What years does this Global GMO Testing Market cover?
The report covers the Global GMO Testing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global GMO Testing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
GMO Testing Industry Report
Statistics for the 2024 GMO Testing market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. GMO Testing analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
