Genetically Modified Food Safety Testing Market, By Trait; By Technology; By Crop Tested; By Processed Food Tested; By Region, Global Trend Analysis, Competitive Landscape & Forecast, 2019-2030
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Global Genetically Modified (GM) Food Safety Testing Market to Touch USD 3.25 Billion by 2030
Global Genetically Modified (GM) Food Safety Testing Market is flourishing due to the increasing adoption of GM crops, stringent regulatory requirements for food safety, growing awareness among consumers, and advancements in testing technologies.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Genetically Modified (GM) Food Safety Testing Market size at USD 2.01 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Global Genetically Modified (GM) Food Safety Testing Market size to grow at a significant CAGR of 8.34% reaching a value of USD 3.25 billion by 2030. Major driving factors for Global Genetically Modified (GM) Food Safety Testing Market include increasing adoption of genetically modified organisms (GMOs) in the food industry, rising awareness about food safety among consumers, and stringent regulatory requirements for GMO labeling. Also, the growing demand for accurate and reliable testing methods to ensure the safety of GM foods, coupled with advancements in biotechnology and molecular techniques, further propel market growth. The need for comprehensive testing solutions to assess the presence of GMOs in food products drives the market, addressing concerns related to health, environmental impact, and ethical considerations associated with genetically modified organisms in the food supply chain.
Opportunity - Rising Adoption of Technological Advancements in Farming
Global Genetically Modified (GM) Food Safety Testing Market is projected to expand with the growing adoption of technological advancements in farming techniques. Precision farming, internet of things (IoT), agricultural drones, artificial intelligence (AI), and machine learning (ML) are part of agricultural technologies (agri-tech). Agri-tech plays a crucial role in transforming the landscape of Global GM Food Safety Testing, as analyses of captured various types of data from multiple sensors enable to test the safety of GMO crops.
Impact of Escalating Geopolitical Tensions on Global Genetically Modified (GM) Food Safety Testing Market
Escalating geopolitical tensions, such as Russia-Ukraine war, could significantly impact Global Genetically Modified (GM) Food Safety Testing Market. Conflicts disrupt supply chains, affecting the availability and distribution of testing equipment and resources essential for ensuring the safety of genetically modified foods. The market experiences heightened volatility due to uncertainties surrounding trade relations and political instability, impacting investor confidence. Geopolitical tensions may also lead to increased regulatory scrutiny and changes in trade policies, directly influencing the demand for GM food safety testing services. Industries reliant on global agricultural trade are particularly vulnerable, as disruptions in geopolitical relations can hinder the adoption and acceptance of genetically modified crops, further influencing the market dynamics. Consequently, Global GM Food Safety Testing Market may face challenges and fluctuations driven by the complex interplay of political and economic factors on a global scale.
PCR Technology Leads Global GM Food Safety Testing Market
Polymerase Chain Reaction (PCR) accounts for the largest market share of Global Genetically Modified (GM) Food Safety Testing Market, reflecting its pivotal role in detecting and analyzing genetic modifications in food. PCR's precision and efficiency in amplifying DNA make it a cornerstone technology for ensuring the safety of genetically modified foods, driving its prominence within the market. Widespread adoption of PCR underscores its significance in maintaining food safety standards across the global landscape.
Competitive Landscape
Global Genetically Modified (GM) Food Safety Testing Market is fiercely competitive. Major companies in the market include Monsanto, Bio-Rad Laboratories, Inc., Emsl Analytical Inc., Eurofins Scientific Se, Genetic Id Na, Inc., IfpInstitut fur Produktqualitat GmbH, Intertek Group Plc., OmicUsa Inc., Romer Labs Division Holding GmbH, Sgs S.A., Silliker, Inc., Thermo Fisher Scientific, SGS S.A., Bureau Veritas S.A, ALS Limited, and TUV SUD. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Global Genetically Modified Food Safety Testing Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Genetically Modified (GM) Food Safety Testing Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Global Genetically Modified (GM) Food Safety Testing Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Global Genetically Modified (GM) Food Safety Testing Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing demand for genetically modified foods
3.2.1.2. Rising consumer awareness about the disease caused in Technology animals
3.2.2. Restraints
3.2.2.1. Government policies and initiatives
3.2.2.2. Increasing awareness of environmental impacts and sustainability issues related to GM crops
3.2.3. Opportunities
3.2.3.1. Rising technical advancement in farming technique
3.2.3.2. Increasing consumer concerns about food safety
3.2.4. Challenges
3.2.4.1. Lack of standardized testing methods globally
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Global Genetically Modified (GM) Food Safety Testing Market Overview
4.1. Market Size & Forecast, 2019-2030
4.1.1. By Value (USD Million)
4.2. Market Share and Forecast
4.2.1. By Trait
4.2.1.1. Herbicide Tolerance
4.2.1.2. Insect Resistance
4.2.1.3. Stacked Traits
4.2.1.4. Others
4.2.2. By Technology
4.2.2.1. Polymerase Chain Reaction (PCR)
4.2.2.2. Microarray
4.2.2.3. Immunoassay
4.2.2.4. Others
4.2.3. By Crop Tested
4.2.3.1. Corn
4.2.3.2. Soybean
4.2.3.3. Rapeseed/Canola
4.2.3.4. Potato
4.2.3.5. Others (Tomato, Sugar Beet, and Rice)
4.2.4. By Processed Food Tested
4.2.4.1. Bakery & Confectionery
4.2.4.2. Meat & Meat Products
4.2.4.3. Breakfast Cereals & Snacks
4.2.4.4. Food Additive
4.2.4.5. Other Processed Food (Infant Food, Dairy Products, and Processed Beverages)
4.2.5. By Region
4.2.5.1. North America
4.2.5.2. Europe
4.2.5.3. Asia Pacific (APAC)
4.2.5.4. Latin America (LATAM)
4.2.5.5. Middle East and Africa (MEA)
5. North America Genetically Modified (GM) Food Safety Testing Market
5.1. Market Size & Forecast, 2019-2030
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Trait
5.2.2. By Technology
5.2.3. By Crop Tested
5.2.4. By Processed Food Tested
5.2.5. By Country
5.2.5.1. United States
5.2.5.1.1. By Trait
5.2.5.1.2. By Technology
5.2.5.1.3. By Crop Tested
5.2.5.1.4. By Processed Food Tested
5.2.5.2. Canada
5.2.5.2.1. By Trait
5.2.5.2.2. By Technology
5.2.5.2.3. By Crop Tested
5.2.5.2.4. By Processed Food Tested
6. Europe Genetically Modified (GM) Food Safety Testing Market
6.1. Market Size & Forecast, 2019-2030
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Trait
6.2.2. By Technology
6.2.3. By Crop Tested
6.2.4. By Processed Food Tested
6.2.5. By Country
6.2.5.1. Germany
6.2.5.1.1. By Trait
6.2.5.1.2. By Technology
6.2.5.1.3. By Crop Tested
6.2.5.1.4. By Processed Food Tested
6.2.5.2. United Kingdom
6.2.5.2.1. By Trait
6.2.5.2.2. By Technology
6.2.5.2.3. By Crop Tested
6.2.5.2.4. By Processed Food Tested
6.2.5.3. Italy
6.2.5.3.1. By Trait
6.2.5.3.2. By Technology
6.2.5.3.3. By Crop Tested
6.2.5.3.4. By Processed Food Tested
6.2.5.4. France
6.2.5.4.1. By Trait
6.2.5.4.2. By Technology
6.2.5.4.3. By Crop Tested
6.2.5.4.4. By Processed Food Tested
6.2.5.5. Spain
6.2.5.5.1. By Trait
6.2.5.5.2. By Technology
6.2.5.5.3. By Crop Tested
6.2.5.5.4. By Processed Food Tested
6.2.5.6. Belgium
6.2.5.6.1. By Trait
6.2.5.6.2. By Technology
6.2.5.6.3. By Crop Tested
6.2.5.6.4. By Processed Food Tested
6.2.5.7. Russia
6.2.5.7.1. By Trait
6.2.5.7.2. By Technology
6.2.5.7.3. By Crop Tested
6.2.5.7.4. By Processed Food Tested
6.2.5.8. The Netherlands
6.2.5.8.1. By Trait
6.2.5.8.2. By Technology
6.2.5.8.3. By Crop Tested
6.2.5.8.4. By Processed Food Tested
6.2.5.9. Rest of Europe
6.2.5.9.1. By Trait
6.2.5.9.2. By Technology
6.2.5.9.3. By Crop Tested
6.2.5.9.4. By Processed Food Tested
7. Asia Pacific Genetically Modified (GM) Food Safety Testing Market
7.1. Market Size & Forecast, 2019-2030
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Trait
7.2.2. By Technology
7.2.3. By Crop Tested
7.2.4. By Processed Food Tested
7.2.5. By Country
7.2.5.1. China
7.2.5.1.1. By Trait
7.2.5.1.2. By Technology
7.2.5.1.3. By Crop Tested
7.2.5.1.4. By Processed Food Tested
7.2.5.2. India
7.2.5.2.1. By Trait
7.2.5.2.2. By Technology
7.2.5.2.3. By Crop Tested
7.2.5.2.4. By Processed Food Tested
7.2.5.3. Japan
7.2.5.3.1. By Trait
7.2.5.3.2. By Technology
7.2.5.3.3. By Crop Tested
7.2.5.3.4. By Processed Food Tested
7.2.5.4. South Korea
7.2.5.4.1. By Trait
7.2.5.4.2. By Technology
7.2.5.4.3. By Crop Tested
7.2.5.4.4. By Processed Food Tested
7.2.5.5. Australia & New Zealand
7.2.5.5.1. By Trait
7.2.5.5.2. By Technology
7.2.5.5.3. By Crop Tested
7.2.5.5.4. By Processed Food Tested
7.2.5.6. Indonesia
7.2.5.6.1. By Trait
7.2.5.6.2. By Technology
7.2.5.6.3. By Crop Tested
7.2.5.6.4. By Processed Food Tested
7.2.5.7. Malaysia
7.2.5.7.1. By Trait
7.2.5.7.2. By Technology
7.2.5.7.3. By Crop Tested
7.2.5.7.4. By Processed Food Tested
7.2.5.8. Singapore
7.2.5.8.1. By Trait
7.2.5.8.2. By Technology
7.2.5.8.3. By Crop Tested
7.2.5.8.4. By Processed Food Tested
7.2.5.9. Vietnam
7.2.5.9.1. By Trait
7.2.5.9.2. By Technology
7.2.5.9.3. By Crop Tested
7.2.5.9.4. By Processed Food Tested
7.2.5.10. Rest of APAC
7.2.5.10.1. By Trait
7.2.5.10.2. By Technology
7.2.5.10.3. By Crop Tested
7.2.5.10.4. By Processed Food Tested
8. Latin America Genetically Modified (GM) Food Safety Testing Market
8.1. Market Size & Forecast, 2019-2030
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Trait
8.2.2. By Technology
8.2.3. By Crop Tested
8.2.4. By Processed Food Tested
8.2.5. By Country
8.2.5.1. Brazil
8.2.5.1.1. By Trait
8.2.5.1.2. By Technology
8.2.5.1.3. By Crop Tested
8.2.5.1.4. By Processed Food Tested
8.2.5.2. Mexico
8.2.5.2.1. By Trait
8.2.5.2.2. By Technology
8.2.5.2.3. By Crop Tested
8.2.5.2.4. By Processed Food Tested
8.2.5.3. Argentina
8.2.5.3.1. By Trait
8.2.5.3.2. By Technology
8.2.5.3.3. By Crop Tested
8.2.5.3.4. By Processed Food Tested
8.2.5.4. Peru
8.2.5.4.1. By Trait
8.2.5.4.2. By Technology
8.2.5.4.3. By Crop Tested
8.2.5.4.4. By Processed Food Tested
8.2.5.5. Rest of LATAM
8.2.5.5.1. By Trait
8.2.5.5.2. By Technology
8.2.5.5.3. By Crop Tested
8.2.5.5.4. By Processed Food Tested
9. Middle East & Africa Genetically Modified (GM) Food Safety Testing Market