The market for GM food safety testing has grown exponentially in the last few years. The market size is projected to reach USD 1.9 Billion by 2020, at a CAGR of around 7.9% from 2015 to 2020. Both, developed and developing countries have been targeted for this industry as the consumers’ concerns towards GMOs have been revolutionizing GMO testing technology.
Pune, India -- (SBWIRE) -- 04/19/2016 -- The report "Genetically Modified Food Safety Testing Market by Trait (Stacked, Herbicide Tolerance, Insect Resistance), Technology (Polymerase Chain Reaction, Immunoassay), Crop & Processed Food Tested & by Region - Global Trend & Forecast to 2020", The GM food safety testing market is projected to reach a value of USD 1.99 Billion by 2020, at a CAGR of 7.9% from 2015 to 2020. The market is driven by factors such as evolution in farming technologies, diverse GM processed food production, labeling mandates in several countries, and proper nutrient sufficiency.
Browse 77 market data Tables and 52 Figures spread through 145 Pages and in-depth TOC on "Genetically Modified Food Safety Testing Market - Global Trend & Forecast to 2020"
Make an Inquiry
Early buyers will receive 10% customization on this report.
The stacked trait segment is projected to be the fastest-growing market during the period 2015–2020
Stacked traits are a combination of more than one transgene in a single crop. Biofortified crops which are modified for the production of high nutritional content, HT with IR and disease-resistant traits are popular examples of stacked traits. The increased investments and growth in the R&D activities are responsible for the growth of this market.
Soy, corn, and bakery & confectionery products are largely tested for GMO in the food safety testing market
Among the crops and processed foods tested for GMO, crops accounted for the largest market share in 2014, dominated by corn and soy. The bakery & confectionery items are largely tested for GMO testing which include baking flours, breads, cakes, muffins, and other confectionery & baked goods. The market in breakfast cereals & snacks among processed foods is projected to grow at the highest CAGR due to the presence of a large amount of cereal grains and corn flakes. Food additives such as lecithin, vitamin E (tocopherol), and proteins from GM soybean are also largely tested for GMOs.
Request Sample Copy of this Report
North America and EU regions to dominate the GM food safety testing market in 2015
The European region was the largest market for GM testing for safety in 2014. Countries such as Germany, France, Italy, Spain, the U.K, and other EU countries are major importers of soy, corn, canola, and other crops and processed foods. The countries in EU are stringent in GMO regulations which in turn results in vigorous testing of GMO for safety. North America is the major exporter of soy, corn & canola to the world which requires the conduction of tests for GMO labeling according to the importing country mandates. Brazil and Argentina are also the active countries for GM food testing for safety. Asia-Pacific countries are at the growth stage in this market. China is the major country followed by Japan, Korea, and Rest of Asia-Pacific.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such SGS S.A. (Switzerland), Intertek Group plc (U.K.), Eurofins Scientific SE (Luxembourg), Bio-Rad Laboratories, Inc. (U.S.) Silliker, Inc. (U.S.), Romer Labs Division Holding GmbH (Austria), EMSL Analytical Inc. (U.S.), Genetic ID NA, Inc. (U.S.), OMIC USA Inc. (U.S.), and IFP (Institut fur Produktqualitat GmbH) (Germany).
In terms of insights, this research report has focused on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global GM food safety testing market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
About MarketsandMarkets
MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email:sales@marketsandmarkets.com
Blog: http://www.marketsandmarketsblog.com/market-reports/food-and-beverage