Global Genetically Modified Organisms (GMO) Testing Market was valued at USD 1.1 Billion in 2022 and is projected to reach USD 2.3 Billion by 2030, growing at a CAGR of 9.6% from 2024 to 2030.
The Genetically Modified Organisms (GMO) Testing Market has become a focal point of concern and interest in the biotechnology industry, particularly as demand for GMOs in agriculture, food, and pharmaceuticals continues to rise. With the global GMO market projected to expand significantly in the next few years, testing these organisms for safety, effectiveness, and environmental impact has never been more crucial. Research and regulatory agencies are intensifying their efforts to ensure GMOs' safety through advanced testing protocols, which has led to the growth of this market. In 2023, the GMO testing market was valued at $5 billion and is expected to grow at a CAGR of 10% over the next five years.
The key drivers behind this market's expansion are growing concerns about the ecological and health impacts of GMOs, particularly in food products. Governments and private organizations are increasing investments in GMO testing to address public health and environmental risks associated with genetically engineered organisms. Furthermore, the development of more precise testing methods has made it easier to evaluate GMOs in food, seeds, and other agricultural products, spurring the market’s growth.
Significant investments are being made in research to improve GMO testing technologies. Notable companies like Eurofins, SGS, and Intertek offer specialized services ranging from genetic testing to food safety assessments. These organizations are pioneering the adoption of cutting-edge technologies, including DNA sequencing and PCR-based methods, to ensure compliance with regulations. Additionally, the expansion of biotechnology regulations in developing countries has prompted a rise in demand for GMO testing services, further accelerating market growth.
As GMO testing continues to evolve, ethical debates about genetic modifications and their long-term impacts on ecosystems persist. Nonetheless, the market remains vital for those involved in the production, regulation, and distribution of GMOs, as accurate and thorough testing is crucial for sustainable development in biotechnology.
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Thermo Fisher Scientific
SGS
Bureau Veritas
Intertek
Eurofins Scientific
Tuv Sud
Bio-Rad Laboratories
Merieux Nutrisciences
Asurequality
Romer Labs Diagnostic
Microbac Laboratories
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Genetically Modified Organisms (GMO) Testing Market
Cooking Oil
Bread
Meat
Other
Based on Types the Market is categorized into Below types that held the largest Genetically Modified Organisms (GMO) Testing market share In 2023.
Polymerase Chain Reaction Technology
Immunoassay Technology
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Genetically Modified Organisms (GMO) Testing Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Genetically Modified Organisms (GMO) Testing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Genetically Modified Organisms (GMO) Testing Market, By Type
6. Global Genetically Modified Organisms (GMO) Testing Market, By Application
7. Global Genetically Modified Organisms (GMO) Testing Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Genetically Modified Organisms (GMO) Testing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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