Fatpos Global has released a report titled “Genetically Modified Food Safety Testing Market - Analysis of Market Size, Share & Trends for 2021 – 2022 and Forecasts to 2032” which is anticipated to reach USD 4.4 billion by 2032. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 9.2% between 2022 and 2032. As per the report, since genetically modified foods offer more nutritional advantages than conventional ones, the Genetically Modified Food Safety Testing Market is expanding rapidly. The market is expanding as a result of the rising demand for crops that are naturally resistant to the pesticides used to protect them. The need for producers to promote the Genetically Modified Food Safety Testing method in the market is a result of consumers' growing awareness of the safety of genetically modified foods.
“Global food production is booming, and to keep up with demand, companies are focusing on generating nutrient-rich, premium GM foods. As a result, with growing production of GM crops and processed foods fueling the market growth, the requirement for food safety is also increasing. The Genetically Modified Food Safety Testing Market is also driven by changes in farming methods, significant investments in biotech research and development, labelling requirements in various countries, and a variety of GM food product lines.”, said a lead analyst at Fatpos Global.
Genetic modification is a specific form of gene technology that modifies the genetic code of living things like animals, plants, and microorganisms. The majority of relevant GM crops available on the market are transgenic species since they contain genetic material that was not naturally present in their gene pool. A construct of the desired gene(s) is paired with a promoter and terminator to insert and activate the appropriate genetic material. Marker sequences are occasionally created and converted into plant cells. Once injected, they become stable and functionally integrate into the plant genome. The integration's locus, or precise placement within the genome, is somewhat arbitrary.
Genetically Modified Food Safety Testing Market is categorized on the basis of Crop Tested into Corn, Soybean, Rapeseed/Canola, Potato, and Others. Over the forecast period, the Corn segment is expected to dominate the market. The majority of the genetically modified corn grown by nearly half of the nation's farms for Monsanto is meant for human consumption.
Some of the key players operating in the global Genetically Modified Food Safety Testing Market are SGS S.A., Thermo Fisher Scientific Inc., Bureau Veritas S.A., Eurofins Scientific SE, Intertek Group Plc, Romer Labs Division Holdings GmbH, Monsanto, TUV SUD AG, Arbro Pharmaceuticals Pvt. Ltd., Microbac Laboratories Inc., Bio-Rad Laboratories Inc., Emsl Analytical Inc.,Genetic Id Na Inc., OmicUsa Inc., and Other Prominent Players.
In the latest market study conducted by, Fatpos Global thrives to present an unbiased analysis of the global Genetically Modified Food Safety Testing Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2022-2032. The study includes compelling insights into growth that is witnessed in the market. Global Genetically Modified Food Safety Testing Market is classified on the basis of Trait into Stacked, Herbicide Tolerance, and Insect Resistance. By Technology, the global Genetically Modified Food Safety Testing Market is divided into Polymerase Chain Reaction-PCR and Real-Time PCR. By Crop Tested, the global Genetically Modified Food Safety Testing Market is divided into Corn, Soybean, Rapeseed/Canola, Potato, and Others. By Processed Food Tested, the global Genetically Modified Food Safety Testing Market is divided into Bakery & Confectionery, Meat & Meat Products, Breakfast Cereals & Snacks, Food Additives, and Other. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
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