Market Size of Global GMO Testing Industry
| 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 |
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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 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.
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| Polymerase Chain Reaction | |
| ELISA Test | |
| Strip test (Lateral Flow Device or Dipstick) |
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Global GMO Testing Market Size Summary
The GMO testing market is experiencing significant growth, driven by the increasing demand for food products free from genetically modified organisms. This demand is largely fueled by consumer concerns over food authenticity and the rising incidence of food fraud, which includes practices such as ingredient substitution and misleading labeling. As a result, food manufacturers are increasingly adopting testing techniques to differentiate their products and meet consumer expectations. The polymerase chain reaction (PCR) technique has emerged as a leading method for detecting genetically altered foods due to its efficiency and reliability in identifying specific DNA sequences. Innovations in PCR technology are further propelling the market's expansion, as it offers high efficacy in DNA analysis compared to protein analysis.
In the United States, there is a strong consumer willingness to pay a premium for natural and healthy food products, which has led to the emergence of companies like Safe + Fair Food Co., specializing in non-GMO offerings. This trend is contributing to the growth of the GMO testing market, with the country maintaining a leading position globally. The market is characterized by fragmentation, with key players such as Intertek, Eurofins, and SGS SA striving for greater penetration, particularly in developed regions with stringent regulatory requirements and high public awareness. These companies compete through diverse service offerings, geographical expansion, and technological advancements to secure a competitive edge in the market.
Global GMO Testing Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Technology
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2.1.1 Polymerase Chain Reaction
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2.1.2 ELISA Test
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2.1.3 Strip test (Lateral Flow Device or Dipstick)
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.1.4 Rest of North America
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 Italy
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2.2.2.4 France
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2.2.2.5 Russia
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2.2.2.6 Spain
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2.2.2.7 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 India
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2.2.3.2 China
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2.2.3.3 Japan
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2.2.3.4 Australia
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2.2.3.5 Rest of Asia-Pacific
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle-East and Africa
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2.2.5.1 South Africa
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2.2.5.2 United Arab Emirates
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2.2.5.3 Rest of Middle-East and Africa
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Global GMO Testing Market Size 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.
