The Global GM Food & Testing market size is estimated to grow USD 76.34 Billion by 2023, at a CAGR of around 8.1% from 2017 to 2023. This report covers the share, trend, outlook, growth and cost structure and drivers analysis with segmentation. GM Food & testing industry is considered as the fastest adopted crop technology in the history of modern farming.
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The GM Food & testing market is segmented based on product type and trait. The stacked trait testing market accounted for the largest in 2016 and is projected to be the fastest-growing in GM testing of crops and nutrients. The most planted biotech crops in 2016 were soybean, maize, cotton, and canola. Soy accounted for the largest and is planned to be the fastest growing, as these are largely traded crops. Breakfast cereals & snacks are projected to be te quickest-rising market for GM testing. As the demand for GM food is on a continuous rise, stacked traits are expected to see the highest growth when compared to herbicide tolerance and insect resistance.
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Need to ensure sufficient nutrition, evolution in farming technology, labeling mandates in several nations, diverse GM processed food products, premium pricing of non-GM food products, increase demand for animal feed and high investments in R&D are driving the market for GM testing. Reducing the size of arable land is the major growth driver for the implementation of GM crops, which will speed up the crop production process. Lack of implementation of regulations by government and lack of technical restraints this market potential to arise. Emerging markets for GM food & testing, increasing consumer awareness about GM foods . The ban on the production of GM crops, growth in demand for organic food products, inappropriate sample collection standards, patent and monopoly issues in GM market are the challenges faced by GM Food & Testing market..
Vendors in the GM Food & Testing Market are coming up with several new GM crops, which provide multiple ways of resistance to pests and diseases and increased tolerance herbicides. The global players are focused on partnership and collaboration with other companies in order to increase its product portfolio to make global presence in GM Food & Testing market.
The key players in this market are Thermo Fisher Scientific, Monsanto, DuPont, Syngenta, Bayer Crop Science, Group Limagrain, SGS S.A, Bureau Veritas SA, Intertek Group and Euro fins Scientific Se.
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*This report provides current market trends and future growth expectations.
*This report examines the market size and changing competitive dynamics
*It covers information regarding key drivers, challenges or restraining market growth
*It provides a five-year forecast assessed on the basis market value chain, Porter’s five forces, and supply chain management.
*Market factor analysis delivers treasured information regarding the possible purchasers and suppliers and understanding the stakeholders involved.
*This report incorporates data regarding companies and business decision by having complete insights on the markets and by creating in depth analysis of market segments.
*Distributors of genetically modified crops
*Genetically modified ingredient manufacturers
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
2 DEMOGRAPHIC OVERVIEW
3 RESEARCH METHODOLOGY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
6 MARKET FACTOR ANALYSIS
7 GLOBAL GM FOOD & TESTING MARKET BY COMPOSITION
8 GLOBAL GM FOOD & TESTING MARKET BY PACKAGING
9 GLOBAL GM FOOD & TESTING MARKET BY END USERS
10 GLOBAL GM FOOD & TESTING MARKET BY REGION
11 MARKET TRENDS & COMPETITIVE ANALYSIS
12 COMPANY PROFILES
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