According to the most recent report by Reports and Data, the global Size for Genetically Modified Organism (GMO) Market was USD 1.52 Billion in 2022. It is projected to exhibit a compound annual growth rate (CAGR) of 9.4% during the forecast period.
GM crops are widely utilized in agriculture due to their ability to withstand pesticides, herbicides, and adverse weather conditions, leading to higher agricultural yields. These genetically modified foods are designed to offer various perceived advantages such as affordability, durability, and enhanced nutritional value.
Furthermore, the market's revenue growth is being driven by factors such as a growing population, shifting dietary preferences, and the increasing need to address food security challenges. With the world's population expanding, there is a rising demand for food, and GM crops are seen as a solution to meet this demand. Additionally, changing eating habits have resulted in a greater demand for processed foods that often contain GM ingredients. Consequently, there is now a requirement for GM food safety testing to ensure the safety of these products for human consumption.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/6109
Leading Companies:
- Thermo Fisher Scientific Inc.
- Eurofins Scientific SE
- SGS SA
- Intertek Group plc
- Bureau Veritas SA
- ALS Limited
- Mérieux NutriSciences Corporation
- Romer Labs Diagnostic GmbH
- AsureQuality Limited
- Genetic ID NA, Inc.
Drivers of Genetically Modified (GM) Food Safety Testing Market
· Consumer Awareness and Demand for Safe Food: Increased awareness among consumers regarding the potential risks and benefits of genetically modified foods has led to a demand for rigorous safety testing. Consumers are more conscious of what they eat and are seeking assurance that GM foods are safe for consumption.
· Regulatory Compliance: Governments and regulatory bodies in various countries have established guidelines and regulations for the approval and labeling of genetically modified organisms (GMOs) and GM foods. Manufacturers and producers are required to conduct safety assessments to meet these regulatory standards, thereby driving the demand for GM food safety testing.
· Scientific Advancements: Advances in biotechnology and molecular biology have led to the development of new testing methodologies that enable more accurate and sensitive detection of genetically modified traits in foods. These technological improvements have expanded the scope of GM food safety testing and improved its reliability.
The global Genetically Modified Organism (GMO) Market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To read more about the report @ https://www.reportsanddata.com/report-detail/genetically-modified-gm-food-safety-testing-market
Further market segmentation
Technology Outlook:
- Polymerase Chain Reaction (PCR)
- Immunoassay
- Microarray
- Others
Trait Outlook:
- Herbicide Tolerance
- Insect Resistance
- Stacked Traits
- Others
Request for the Customization of the Reports@ https://www.reportsanddata.com/request-customization-form/6109
Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.
Food Deaerators Market:https://www.reportsanddata.com/report-detail/food-deaerators-market
Smart Gas Management Market:https://www.reportsanddata.com/report-detail/smart-gas-management-market
True Wireless Stereo (TWS) Earbuds Market:https://www.reportsanddata.com/report-detail/true-wireless-stereo-tws-earbuds-market
Household Refrigerators and Freezers Market:https://www.reportsanddata.com/report-detail/household-refrigerators-and-freezers-market
Fish Oil Market:https://www.reportsanddata.com/report-detail/fish-oil-market
Cow Milk Infant Formula Market:https://www.reportsanddata.com/report-detail/cow-milk-infant-formula-market
Hookah Tobacco Market:https://www.reportsanddata.com/report-detail/hookah-tobacco-market
Glycinates Market:https://www.reportsanddata.com/report-detail/glycinates-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Blogs | Press Release | Industry News | Our competencies
Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports
Browse More Latest Reports @ https://www.reportsanddata.com/report
