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.

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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)

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Further market segmentation

Technology Outlook:

• Polymerase Chain Reaction (PCR)
• Immunoassay
• Microarray
• Others

Trait Outlook:

• Herbicide Tolerance
• Insect Resistance
• Stacked Traits
• Others

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