The global GMO testing services market is expected to reach USD 2.2 Billion in 2022, with demand growing at a CAGR of 7.8% over the forecast period. The GMO testing services market is expected to account for around 11% of the food testing services market, which is anticipated to be valued at USD 20 Billion by 2022 end.
| Attribute | Details |
|---|---|
| GMO Testing Services Market Estimated Size (2022E) | USD 2.2 Billion |
| Projected Market Valuation (2032) | USD 4.6 Billion |
| Value-based CAGR (2022 to 2032) | 7.8% |
| Top 3 Countries' Market Share | 35.8% |
GMO testing of crops and processed foods certifies the product's identity and nature, as well as identifying traits such as herbicide tolerance, stacked, and pest resistance. Due to the rising demand for nutritional foods, the production of genetically modified crops has increased, resulting in higher stringency of food safety laws.
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GMO testing services sales grew at a CAGR of 7.1% between 2017 and 2021. This is due to an increase in food authenticity testing, notably GMO analysis, spurred by the global demand for free-from foods. Furthermore, with the rise in food-related frauds such as intentional ingredient substitutions, tricking consumers with false claims, and deceptive labeling, consumers have become dubious of the legitimacy of food products designed to satisfy specific demands.
As a consequence, food manufacturers have resorted to food testing tools as the most effective way to set themselves apart from their competitors. This is expected to augment the growth in the global GMO testing services market.
The expansion in the market is predicted to be fueled by the growing need to assure proper nutrient consumption, as well as technological advancements in farming operations. Furthermore, increasing the production of processed food products using GMO crops is expected to fuel the adoption of GMO testing services.
However, the lack of regulatory implementation and the prohibition on the production of genetically modified crops is likely to stifle the growth of the GMO testing market over the assessment period. Slow regulation enforcement and a lack of technological expertise among farmers could limit sales in the market.
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Growing Establishments of GMO Testing Labs in the USA Will Boost Sales
The USA is likely to dominate the North America GMO testing services market, backed by high demand for premium, natural, and healthful free-from foods. Almost 44% of the consumers in the country are willing to spend up to 75% more for food brands they know and trust.
With the increasing popularity of free-from foods, companies such as Safe + Fair Food Co. in Chicago are creating a myriad of food options for consumers. The company specializes in non-GMO and other free-from-food products, such as appetizers, sweets, and meals.
The rise of such independent businesses dedicated to free-from foods is essentially driving the GMO testing services market. As a result, the country is anticipated to maintain its position as the global market leader.
The Presence of Stringent Food Safety Regulations in the United Kingdom Will Fuel Sales of GMO Testing Services
Adhering to strict laws related to GMO testing, along with consumers' opposition to GM goods is expected to boost sales in the USA market over the forecast period. Due to its significant GM crop production sector and the requirement to comply with EU regulations, the country is expected to dominate the Europe GMO testing services market in the forthcoming years.
Intertek Group Plc (United Kingdom), one of the leading players in the market, is focusing on expanding its capabilities in the GMO testing market. To tap into new opportunities in the market, the company has been constantly enhancing its products and services using new and modern technologies. Such developments are expected to bode well for the market.
Rising Government Initiatives to Ensure Food Security Will Spur the Establishment of GMO Testing Laboratories in China
To ensure national food security, China has begun on a detailed plan to strengthen the country's agricultural science and technology innovation capacity. The decision is in keeping with the Chinese Academy of Agricultural Sciences' five-year development plan (CAAS).
China's adoption of biotechnology has global economic and environmental relevance, given its geopolitical clout and, in particular, its expanding contribution to the global food trade. However, the country continues to face harsh anti-GMO campaigns spread via social media, which were largely successful in altering public opinion and perceptions against GMOs. Other reasons that have tainted GMOs in the public eye, according to Chinese research, include a lack of awareness and comprehension of GM technologies.
Sales of PCR Technique Will Gain Momentum
Based on technology, the PCR technique segment will dominate the market over the forecast period. The PCR technique is the most effective approach for detecting small amounts of degenerated nucleic acids and determining their sequence. It is also the most successful method because it only uses a DNA fragment to detect species. As a result, the method may be used to identify fish and meat species, as well as GMO items like cheese.
Conducting multiple PCR tests at the same time enables the detection of DNA from sheep, cattle, goats, chickens, hogs, turkeys, horses, camels, and donkeys in a single run. The superiority of DNA analysis over protein analysis has raised the demand for PCR technology, resulting in its widespread use.
Adoption of GMO Testing Services for Corn Will Remain High
Increased demand for corn, soybean, and canola food products, as well as their ability to produce high yields per unit area under various climatic circumstances, are contributing to growth in the GMO testing services market.
Corn, on the other hand, has the largest market due to its high content of proteins, carbohydrates, lipids, minerals, fiber, and carotenoids (vitamins A and B) and complex group, which includes choline vitamins K and E.
It is consumed as cereal grain as well as utilized as cattle feed. Furthermore, a growing focus on sustainable agriculture practices is likely to propel GM seed crop adoption, thereby boosting sales of GMO testing services over the assessment period.
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The global GMO testing market is highly fragmented, with players such as Intertek, SGS SA, and Eurofins among others vying for market dominance, especially in countries such as the USA and the United Kingdom where regulatory compliance is strict and consumer awareness of food authenticity is high.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 2.2 Billion |
| Projected Market Valuation (2032) | USD 4.6 Billion |
| Value-based CAGR (2022 to 2032) | 7.8% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD Billion for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East & Africa |
| Key Countries Covered | The USA, Canada, Brazil, Mexico, Germany, the United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Technology, Crop Type, Trait, Food Type, and Region |
| Key Companies Profiled | Intertek; SGS SA; Eurofins; ALS Limited; Thermo Fisher Scientific, Inc.; TÜV SÜD AG; Merieux Nutrisciences; Bio-Rad Laboratories; Microbac Laboratories; OMIC; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global GMO testing services market is expected to be valued at USD 2.2 Billion in 2022.
The GMO testing services market is expected to grow at a CAGR of around 7.8% over the forecast period.
The GMO testing services market is expected to reach a valuation of USD 4.6 Billion by 2032.
Demand for GMO testing services in East Asia is anticipated to drive the overall market during the projected period of 2022 to 2032.
Some of the prominent players in the GMO testing services market are Intertek, SGS SA, Eurofins, ALS Limited, and Thermo Fisher Scientific, Inc. among others.
1. Executive Summary | GMO Testing Services Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology 5.1. ELISA Test 5.2. Polymerase Chain Reaction (PCR) 5.3. Lateral Flow Devices (LFD) 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Crop Type 6.1. Corn 6.2. Rapeseed/Canola 6.3. Soy 6.4. Potato 6.5. Tomato 6.6. Other Crops 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Trait 7.1. Herbicide tolerance 7.2. Stacked 7.3. Insect Resistance 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Food Type 8.1. Meat & meat products 8.2. Food Additives 8.3. Bakery & confectionery 8.4. Breakfast cereals & snacks 8.5. Infant Food 8.6. Others 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Oceania 9.7. Middle East and Africa 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Intertek 19.2. SGS SA 19.3. Eurofins 19.4. ALS Limited 19.5. Thermo Fisher Scientific, Inc. 19.6. TÜV SÜD AG 19.7. Merieux Nutrisciences 19.8. Bio-Rad Laboratories 19.9. Microbac Laboratories 19.10. OMIC 19.11. EMSL Analytical Inc. 19.12. Genetic ID NA, Inc. 19.13. Other (on additional request) 20. Assumptions & Acronyms Used 21. Research Methodology
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GMO Testing Services Market
