The GMO Testing Market Size was valued at $3.9 billion in 2021, and is estimated to reach $6.2 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.North America was the highest revenue contributor, accounting for $1,558.5 million in 2021, and is estimated to reach $2,120.1 million by 2031, with a CAGR of 3.3%. The GMO testing market refers to the market for testing genetically modified organisms (GMOs) in food, feed, and other products. GMO testing is important to ensure the safety and quality of these products and to meet regulatory requirements in many countries.
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The players included in the GMO testing market analysis have adopted various developmental strategies, including but not limited to product launches, geographical expansion, and acquisitions to increase their GMO Testing Market Share, gain profitability, and remain competitive in the market. The key players included in the market analysis are ALS Limited, Bio-Rad Laboratories, Inc., EnviroLogix Inc., Eurofins Scientific, Institut Merieux, Intertek Group plc, Koninklijke DSM N.V., LGC Limited, Mรฉrieux NutriSciences, Microbac Laboratories, Inc., Premier Analytics Services, R-Biopharm AG, SGS SA, Thermo Fisher Scientific Inc., and TUV SUD AG.
In recent years, the demand for GMO testing has been increasing due to several factors. One of the main drivers of demand is the growing consumer awareness and concern about the use of GMOs in food and other products. Many consumers are seeking non-GMO products, and retailers and manufacturers are responding by labeling their products as non-GMO and conducting GMO testing to verify the claims.
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GMO testing gives farmers detailed information about the integrity and composition of crops, which is essential for tracking and buying seeds. GMO testing is essential for grain handlers and mills to separate grain meant for different end users. GMO testing thereby enables grain growers, suppliers, and consumers to make knowledgeable decisions regarding their crops and how they use them. Thus, this is likely to bring GMO Testing Market Opportunities.
The GMO testing market is analyzed on the basis of technology, crop type, traits and region. On the basis of technology, the market is subdivided into polymerase chain reaction, ELISA test, and strip test. On the basis of crop type, the market is classified into soy, rapeseed/canola, potato, and others. Depending on traits, the market is classified into stacked, herbicide tolerance, and insect resistance. As per region, the GMO Testing Industry is categorized into North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia,ย Sweden, Netherlands, Denmark, Poland, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Thailand, Malaysia, Singapore, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Middle East, Saudi Arabia, Egypt, Nigeria, and rest of LAMEA).
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Portable Food Safety Detectors Market
Meat Processing Equipment Market
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