The global genetically modified organism (GMO) testing market size was evaluated to be $ 1.83 billion in 2018. GMO’s are finding application in consumables such as crops and livestock to enhance end products. Hence, the market for its testing such as strip test and immunoassay test, is witnessing growth and is estimated to be progressing at a global CAGR of 7.9% during the forecast period of 2019 – 2025.
During the recent years, the field of biotechnology has witnessed some remarkable developments in the form of genetic engineering and cellular agriculture. A product of such development is genetically modified organism (GMO) and global emphasis on commercializing GMO infused products is driving the GMO Testing Market growth. For instance, in 2017, the plantation of genetically modified crops grew by 112% from the year 1996 when the first biotech crop was commercialized. Considering the area, 189.8 million hectares of biotech crops were farmed up to 17 million farmers in 24 countries. Elite organizations such as European Food Safety Authority (EFSA), and Food and Drug Administration (FDA) are constantly implementing regulations to keep a check on GMO infused commodities. Consequently, it is stirring the global GMO testing market demand.
The above illustrated prolific growth in the farming of genetically modified crop with enhanced herbicide tolerance has created immense market for numerous testing GMO technology such as polymerase chain reaction (PCR) and immunoassay. But the fastest growing technology is PCR, and its application rate is estimated be progressing at a CAGR of 5.5% during the forecast period 2019 -2025. This testing technology is pivotal for the trade of GM crops as it copies a specific section of a plant’s DNA billions of times to identify and quantitate foreign DNA (GMO) inserted into the plant’s genome.
Europe with active interventions from the EFSA in GMO testing leads the market with 32% share in global demand:
Europe is detected as the most lucrative marketplace in global GMO testing market and it is attributable to the active influence of EFSA in GMO testing. For instance in 2018, the European organization implemented a procedural note that delivers references and requirements on the sequencing details to be accompanied as a submission at the time Next generation sequencing (NGS) is employed as part of GMO applications for EU market approval. Similarly in 2017, EFSA issued additional supervision on allergenicity to promote reinforced risk valuation of GM plants. In 2015, it issued a regulation manuscript on the statistics that enterprises should deliver at the time of applying for consent to import GM plants into the European Union.
Cultured Meat A mega trend in the global GMO testing market:
Livestock are modified to enhance economic perspective such as growth-rate, meat quality, and immunity to ailments. But with the advent of ‘cellular agriculture’ technology, a full process of producing meat in laboratories is surfacing the biotechnology arena. ‘Cultured meat’ also referred as clean meat, lab-grown meat and cell-based meat is a trending product of cellular agriculture. The practice of cultured meat, i.e. fabricating animal meat deprived of using or slaughtering animal via tissue engineering is gaining thoughtful reputation as an alternative meat. Cultured meat manufactured at laboratories compared to conventional meat involve 99% lesser land, 90% less water and 45% less energy. Hence, apart from being alternative form of meat it is also recommended as a measure to counter ramifications of livestock farming. The global cultured meat market is witnessing exuberant growth globally, and eventually the market for testing of such products to be commercialized. The R&D is at an embryonic phase thus significant percentage of the products are unstructured such as ground beef and insides of chicken nuggets. These products have already found abundant scope of application in the flourishing fast food industry. As some of the fast good giants such as Burger King has already accepted application of alternative meat products, the uptake of cultured meat products cannot be denied. As a consequence, GMO testing of these commercialized products is mandatory for labeling and is proliferating the market demand.
GMO Testing Market Companies:
Some of the key players with substantial GMO testing market are hermo Fisher Scientific, Inc., SGS S.A., Bureau Veritas SA , Intertek Group Plc., Eurofins Scientific SE , TÜV SÜD AG, Bio-Rad Laboratories, Inc., ALS Limited, Mérieux NutriSciences Corporation , AsureQuality , Romer Labs Diagnostic GmbH and Microbac Laboratories, Inc.
Talk to one of our sales representative about the full report by providing your details in the link below:
https://industryarc.com/support.php?id=504832
Related Reports:
1.Food Safety Testing Market
https://www.industryarc.com/Report/10595/food-safety-testing-market.html
2.Genetic Testing Market
https://www.industryarc.com/Report/15123/genetic-testing-market.html
To request for a quote, provide your details in the below link:
https://industryarc.com/reports/request-quote?id=504832
Media Contact:
Mr. Venkat Reddy
Sales Manager
Email 1: [email protected]
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.
