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Genetically Modified Food Safety Testing Market Size, Share & Industry Analysis, By Food Type (Crops, [Soybean, Canola, Corn, Potato, Cotton, Others], Processed Foods [Bakery Products, Dairy Products, Meat & Poultry]Others) and Regional Forecast, 2020-2027

Region : Global | Report ID: FBI103170 | Status : Ongoing

 

KEY MARKET INSIGHTS

The global genetically-modified food safety testing market is witnessing robust growth as genetically modified foods provide more nutritional benefits as compared to conventional products. The increasing demand for crops that are inherently resistant to the chemicals used for their protection is driving the growth of the market. Genetically modified organisms (GMOs) can be defined as organisms in which the genetic material has been altered to provide certain advantages such as improved protection against diseases and increased nutrition. The increasing awareness about the safety of genetically modified foods among consumers has necessitate the manufacturers to promote GM food safety testing process in the market.


GM foods are developed to provide some perceived advantages such as lower price and greater benefit in terms of durability and nutritional value. The safety assessment of GM foods generally focuses on their toxicity, potential to provoke allergic reaction, specific components perceived to have nutritional or toxic properties, and the stability of the inserted gene. The ongoing activities for the development of innovative methods and techniques to ensure the safety of GM foods are boosting the growth of the market.


In recent years, the utilization of GM organisms to improve crop protection has gained traction among producers. The GM crops aim to increase the level of crop protection through the introduction of traits that resist plant diseases caused by insects or through the increased tolerance towards herbicides. The demand for GM foods has been growing among consumers owing to its offerings of improved nutrition. The food industry is evolving across the globe and the producers are focused on developing high-quality, nutrient-rich GM foods to meet the demand. Along with the growing demand for quality foods, the awareness of food safety and benefits of nutrients among consumers is primarily driving the growth of the global genetically modified food safety testing market.


Key Market Driver -

Increasing Production of Genetically Modified Crops & Processed Foods

Key Market Restraint -

High Cost of GM Food Safety Testing Techniques


There is an emerging trend of clean-label products among consumers as they are perceived to be healthier and safer as compared to the modified foods. The rising trend of eating natural foods that are not subjected to any modification is hampering the growth of the GM foods, which is in turn expected to impede the growth of the GM food testing market.


Key Players Covered:


Intertek Group Plc, SGS S.A., Eurofins Scientific SE, TUV SUD AG, Thermo Fisher Scientific, Inc., Bureau Veritas S.A., Arbro Pharmaceuticals Pvt. Ltd., Romer Labs Division Holdings, GmbH, and Microbac Laboratories, Inc. are the key companies operating in the global genetically modified food safety testing market.


The food safety testing of genetically modified crops is expected to witness substantial growth due to the increasing utilization of pesticides, herbicides and insecticides on crops. Crops are genetically modified to improve their resistance to these chemicals. Genetically modified varieties of some of the significant crops such as soybean, canola, corn, potato and cotton are now widely grown across the globe. The increased association of these crops with processed food manufacturers is anticipated to positively impact the growth of the market. GM processed foods such as meat, dairy and cereal-based products are also gaining popularity due to their altered nutritional content. The growing demand for high-quality GM processed foods is contributing to the growth of the segment.


Regional Analysis:


Developed markets of North America and Europe are expected to witness promising growth due to the booming food sector. Genetically modified crops and processed food products are becoming mainstream in the market due to the increasing awareness of their added benefits such as more nutrition and targeted health effects. The rising concerns of food safety due to the increasing prevalence of negative health conditions resulting from the consumption of foods modified in a certain way drives the demand for GM food safety testing. There is a rising trend of consuming genetically modified foods that provide additional health benefits as compared to conventional products in developed markets of Europe and North America. The developed countries such as U.S. and U.K are  contributing to the growth of the market owing to the well-established food industry and strong penetration of such products among consumers. Stringent regulations governing labelling requirements for GM foods across these regions are driving the demand for food safety testing of these products.


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Asia Pacific is expected to exhibit robust growth of the market owing to the growing agricultural potential in the region. Farmers are more aware of new technologies that provide efficient crop seeds that modified for high-quality outputs. The increasing development in the regulatory framework for food safety is fuelling the growth of the market in the region.


Segmentation


















 ATTRIBUTE


  DETAILS

By Food Type




  • Crops

  • Soybean

  • Canola

  • Corn

  • Potato

  • Cotton

  • Others

  • Processed Foods



  • Bakery Products

  • Dairy Products

  • Meat & Poultry

  • Others



By Geography




  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments



  • In May 2018, Food Safety and Standards Authority India (FSSAI) proposed a regulation that all packaged food items with 5% or more genetically modified ingredients should declare the information through labelling.

  • In January 2018, National Commission on Research, Science & Technology of the African country Nambia opened a new lab for the testing of foods containing genetically modified organisms.


Genetically Modified Food Safety Testing Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

    CHOOSE LICENSE TYPE

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    6850
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