Global Genetically Modified Organisms (GMO) Testing Services Market Growth (Status and Outlook) 2023-2029

Global Genetically Modified Organisms (GMO) Testing Services Market Growth (Status and Outlook) 2023-2029

The global Genetically Modified Organisms (GMO) Testing Services market size is projected to grow from US$ 1880.2 million in 2022 to US$ 3243.7 million in 2029; it is expected to grow at a CAGR of 8.1% from 2023 to 2029.

As per the 2020 report by the Food and Agriculture Organization (FAO), nearly 55% of the total global production of maize was used as animal feeds, 20% for other non-food applications, and only 12% used as food products. In 2021, the US stood as the largest genetically modified crops producer, accounting for more than 37% of the total global production that covered several crops including soybeans, cotton, corn, apples, canola, sugar beets, papaya, and potatoes. The US farmers used more than 170 million acres of agricultural land for different GMO crops farming in 2019. As claimed by various scientific communities, the rising production of biotech crops globally aided in the alleviation of various global issues such as food insecurity, poverty & malnutrition, and climate change. However, as many as 39% of consumers in the US still believe that GM foods are less healthy compared to non-GM foods.

Genetically modified organisms (GMO) testing services refer to the process of checking the nutritional level of GM crops, meats, and foods. The GM products are mainly derived through certain modifications of original seeds of crops using various biotechnological methods to ensure a high yield of crops.

LPI (LP Information)' newest research report, the “Genetically Modified Organisms (GMO) Testing Services Industry Forecast” looks at past sales and reviews total world Genetically Modified Organisms (GMO) Testing Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Genetically Modified Organisms (GMO) Testing Services sales for 2023 through 2029. With Genetically Modified Organisms (GMO) Testing Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Genetically Modified Organisms (GMO) Testing Services industry.

This Insight Report provides a comprehensive analysis of the global Genetically Modified Organisms (GMO) Testing Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Genetically Modified Organisms (GMO) Testing Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Genetically Modified Organisms (GMO) Testing Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Genetically Modified Organisms (GMO) Testing Services and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Genetically Modified Organisms (GMO) Testing Services.

This report presents a comprehensive overview, market shares, and growth opportunities of Genetically Modified Organisms (GMO) Testing Services market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Polymerase Chain Reaction
Lateral Flow Devices
ELISA Test
Herbicide Tolerance
Insect Resistance
Others

Segmentation by application
Rapeseed/Canola
Tomato
Soy
Corn
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
AgEtal
Alfa Chemistry
ALS Limited
Ayub Agricultural Research Institute (AARI)
Bio-Rad Laboratories, Inc.
Bioscience
Bureau Veritas SA
BVAQ
Centre Testing International(CTI)
EMSL Analytical Inc.
EnviroLogix
Eurofins Scientific SE
Genetic ID NA, Inc.
Intertek Group Plc.
Mérieux NutriSciences Corporation
Microbac Laboratories, Inc.
Middle East Testing Services (METS)
Monsanto (Bayer AG)
OMIC USA Inc.
Romer Labs
SGS SA
STC
Thermo Fisher Scientific Inc.
TÜV SÜD AG

Please note: The report will take approximately 2 business days to prepare and deliver.