According to a new market report published by Lucintel, the future of the GMO testing market looks promising with opportunities in the food industry. The global GMO testing market is expected to grow with a CAGR of 8% from 2020 to 2025. The major drivers for this market are the increase in nutritional demand and rise in stringency in genetically modified food safety regulations.
To download report brochure, please go to https://www.lucintel.com/gmo-testing-market.aspx and click "download brochure" tab from the menu
GMO (genetically modified organism) testing confirms the identity and nature of the product at every step along the supply chain. In this market, stacked, herbicide tolerance, and insect resistance are the major traits. Lucintel forecasts that stacked dwill remain the largest trait segment over the forecast period due to increase in R&D innovations and multiplicity of different traits in one crop or food.
Europe will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to stringent regulatory affairs for GMO testing and consumers’ disapproval towards GM foods.
Thermo Fisher Scientific, Bio-Rad Laboratories, Mérieux NutriSciences Corporation, EMSL Analytical, Microbac Laboratories, Genetic ID NA, and OMIC USA are among the major suppliers in the global GMO testing market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global GMO testing market by trait, technology, crop tested, processed food tested, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global GMO Testing Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global GMO testing market by trait, technology, crop tested, processed food tested, and region as follows:
By Trait [Value ($ Million) shipment analysis for 2014 – 2025]:
Stacked
Herbicide Tolerance
Insect Resistance
By Technology [Value ($ Million) shipment analysis for 2014 – 2025]:
Polymerase Chain Reaction
Immunoassay
By Crop Tested [Value ($ Million) shipment analysis for 2014 – 2025]:
Corn
Soy
Rapeseed/Canola
Potatoes
Others
By Processed Food Tested [Value ($ Million) shipment analysis for 2014 – 2025]:
Corn
Soy
Bakery & Confectionery
Meat & Meat Products
Breakfast Cereals & Snacks
Food Additives
Other Processed Food
Infant Food
Dairy Products
Processed Beverages
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.