Genetically Modified Food Safety Testing Market: Segmented: By Trait (Stacked, Herbicide Tolerance, Insect Resistance), By Technology (Polymerase Chain Reaction-PCR, Real-Time PCR), By Crop Tested (Corn, Soybean, Rapeseed/Canola, Potato, Others), By Processed Food Tested (Bakery & Confectionery, Meat & Meat Products, Breakfast Cereals & Snacks, Food Additives, Other), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
[170+ Pages Research Report] Genetically Modified Food Safety Testing Market to surpass USD 4.4 billion by 2032 from USD 1.69 billion in 2021 at a CAGR of 9.2% in the coming years, i.e., 2022-32.
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.
The Genetically Modified Food Safety Testing Market is expected to project a notable CAGR of 9.2% in 2032.
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 Herbicide Tolerance segment is expected to grow with a higher CAGR during 2022-32
Genetically Modified Food Safety Testing Market is categorized on the basis of Trait into Stacked, Herbicide Tolerance, and Insect Resistance. The herbicide tolerance segment will account for a sizeable portion of sales in the coming years. Herbicide tolerance is produced through the insertion of a gene from a bacterium that carries resistance to some herbicides. By introducing the gene for toxin synthesis from the bacteria Bacillus thuringiensis into the food plant, it is possible to confer resistance against insects (Bt).
The Corn segment is expected to grow with a higher CAGR during 2022-32
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.
Number of Advantages provided by Genetically Modified Foods
Genetically modified (GM) foods are created to offer some supposedly advantageous qualities, such as higher benefit and cheaper cost in terms of durability and nutritional content. The toxicity of GM foods, their potential to cause allergic reactions, any specific ingredients thought to have harmful or nutritious qualities, and the stability of the inserted gene are often the main concerns during the safety evaluation process. The industry is expanding due to continued efforts to create novel strategies and approaches to ensure the safety of GM foods.
The Growing Attraction of GM Organisms among Producers for Enhancing Crop Protection
The use of genetically modified organisms to enhance crop protection has gained popularity among farmers in recent years. GM crops seek to increase the level of crop protection through the introduction of characteristics that resist plant illnesses brought on by insects or through greater tolerance toward herbicides. Since GM foods give customers better nutrition, consumer demand for the same has been rising. Globally, the food market is changing, and to keep up with demand, companies are concentrating on creating high-quality, nutrient-rich GM foods.
High Costs Associated with Genetically Modified Food Safety Testing Equipment
The main factor impeding the growth of the Genetically Modified Food Safety Testing Market is the high cost of genetically modified food safety testing methodologies. The lack of proper regulation implementation, the prohibition on the cultivation of GM crops, the lack of technical expertise among farmers, and the high cost of tests for food manufacturers and channel partners are also regarded as limitations and challenges in the Genetically Modified Food Safety Testing Market.
Genetically Modified Food Safety Testing Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. The developed regions in North America and Europe are anticipated to experience promising growth due to the increasing food industry. Owing to the growing consumer knowledge of its additional advantages, such as better nutrition and targeted health effects, genetically modified crops and processed food products are becoming increasingly commonplace on the market.
Asia Pacific is anticipated to have strong market growth owing to the expanding agricultural potential in the region. New technologies that offer effective agricultural seeds tailored for high-quality outputs are better known to farmers. The regulatory framework for food safety is continually evolving, which is promoting market growth in the region.
People across the globe sought safer food to eat as a precaution during the COVID-19 outbreak. Global food supply lines have been disrupted by COVID-19, raising questions about food security. Since the coronavirus pandemic broke out, the market for food safety testing has seen a noticeable upswing as food security and sustainability have been identified as important areas of concern.
Genetically Modified Food Safety Testing Market is further segmented by region into:
Genetically Modified Food Safety Testing Market Segments:
|Market Size Value in 2021
|USD 1.69 billion
|Revenue Forecast in 2032
|USD 4.4 billion
|CAGR of 9.2% from 2022 to 2032
|Base Year for Estimation
|Revenue in USD million and CAGR from 2022 to 2032
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Trait, Technology, Crop Tested, Processed Food Tested, and Region
|North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
|Key Companies Profiled
|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.
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