PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1532831
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1532831
Genetically Modified Food Safety Testing Market size was valued at USD 21,789.43 Million in 2023, expanding at a CAGR of 6.9% from 2024 to 2032.
The Genetically Modified Food Safety Testing Market encompasses the analysis and verification of genetically modified organisms (GMOs) in food products to ensure consumer safety and compliance with regulatory standards. Increasing public awareness and stringent government regulations are significant driving factors, with the European Union conducting approximately 13,000 food checks per year to monitor GMO presence. However, high testing costs and limited technical expertise in developing regions act as restraints. Opportunities arise from advancements in biotechnology and increased investment in research and development, fostering growth in this critical sector.
Genetically Modified Food Safety Testing Market- Market Dynamics
Rising Demand for Food Safety Assurance Fuels Genetically Modified Food Safety Testing Market Growth
As consumers become more conscious of what they're eating, there's a greater emphasis on ensuring that GM foods are safe for consumption. This increased focus on food safety has led to a surge in demand for testing services and technologies designed to detect GM ingredients and assess their potential risks. Rising demand for food safety assurance is driving growth in the Genetically Modified Food Safety Testing Market. Key organizations such as the European Food Safety Authority (EFSA) are leading the way in rigorous testing protocols. For instance, EFSA reported that in 2023, over 15,000 food samples were analyzed for GMO presence, reflecting a growing trend in stringent safety measures. Similarly, the U.S. Food and Drug Administration (FDA) has increased its inspections, with 20% more GMO-related tests conducted in the past year compared to previous years. These initiatives highlight the global emphasis on ensuring food safety and consumer protection through advanced testing methodologies.
Genetically Modified Food Safety Testing Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.9% over the forecast period (2024-2032)
Based on trait-tested segmentation, the Stacked Trait was predicted to show maximum market share in the year 2023
Based on Technology segmentation, Polymerase Chain Reaction (PCR) was the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Genetically Modified Food Safety Testing Market is segmented based on Trait Tested, Technology, End-Users, and Region.
The market is divided into three categories based on Trait Tested: Herbicide Tolerance, Insect Resistance, and Stacked Traits. Herbicide tolerance testing leads with a focus on resistance to specific chemicals, followed by insect resistance testing for GMOs targeting pests. Stacked traits, combining multiple modifications, represent a growing segment requiring comprehensive testing for combined attributes.
The market is divided into three categories based on Technology: Polymerase Chain Reaction (PCR), Immunoassay, and Next-Generation Sequencing (NGS). Polymerase Chain Reaction (PCR) remains the predominant technology for detecting GMOs, followed by Immunoassay methods for specific protein detection. Next-generation sequencing (NGS) is emerging as a sophisticated tool for comprehensive genetic analysis.
Genetically Modified Food Safety Testing Market- Geographical Insights
North America, particularly the United States and Canada, leads the market due to stringent regulatory frameworks and heightened consumer awareness, with the FDA and Canadian Food Inspection Agency (CFIA) conducting comprehensive GMO testing. Europe follows closely, driven by strict EU regulations and extensive testing programs led by the EFSA, ensuring rigorous safety standards. In the Asia-Pacific region, countries like China and India are witnessing rapid growth in GMO safety testing, propelled by increasing governmental initiatives and public concerns about food safety. Meanwhile, Latin America and Africa are gradually adopting GMO testing practices, albeit at a slower pace, due to limited infrastructure and regulatory challenges. These regional dynamics underscore the varying levels of market maturity and regulatory enforcement across the globe.
Leading companies such as Eurofins Scientific, SGS SA, Intertek Group, and Bureau Veritas dominate the market, offering comprehensive GMO testing services and innovative solutions. These companies invest heavily in research and development to introduce advanced testing methodologies and improve accuracy. Additionally, partnerships and acquisitions are common strategies to expand their service portfolios and geographical reach. For instance, Eurofins Scientific recently acquired significant stakes in local testing laboratories to strengthen its presence in emerging markets. Smaller players and regional laboratories also contribute to the competitive landscape, focusing on niche markets and customized testing solutions. This dynamic environment fosters continuous innovation and ensures high standards in GMO safety testing across the industry.
In July 2024, the UAE inaugurated its first AI-enabled honey testing lab, enhancing food safety measures. This facility will utilize advanced technology to ensure the quality of honey products, marking a significant step in the country's commitment to food safety and regulatory standards.
In November 2021, the Food Safety and Standards Authority of India (FSSAI) sought public comments on regulating GM foods. The FSSAI stated that any food laboratory with a designated GM food testing area could be used for GM food testing. The FSSAI also said that approval would not be required if GM foods are used as an ingredient in a product.
GLOBAL GENETICALLY MODIFIED FOOD SAFETY TESTING MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
SGS S.A.
AB Sciex LLC
Agilent Technologies, Inc.
ALS Limited
Bio-Rad Laboratories, Inc.
Bureau Veritas S.A.
EnviroLogix Inc.
Eurofins Scientific
GE Healthcare
IDEXX Laboratories, Inc.
Intertek Group plc
Merieux NutriSciences Corporation
Neogen Corporation
Romer Labs Diagnostic GmbH
Thermo Fisher Scientific Inc.
TUV SUD AG
Others