China Region to Provide Immense Opportunities for GMO Testing Market Growth

The GMO testing market is projected to reach a value of USD 2.34 billion by 2022 at a CAGR of 8.2% from 2017 to 2022. The market is driven by factors such as evolution in farming technology, need to ensure sufficient nutrient consumption, diverse GM processed food manufacturing, labeling mandates in several countries, and high investments in biotech R&D.

The PCR technology segment is projected to grow at the highest CAGR from 2017 to 2022. PCR tests can quantify GM content in a sample up to 0.01%, and provide better flexibility as compared to ELISA tests, which are specific for one transgenic trait. However, PCR analysis requires about two to three days and is comparatively more expensive. Immunoassay is a protein-based test used for the qualitative detection of GMO.

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GM safety testing is conducted for crops and processed foods; the testing for crops is projected to grow at the highest CAGR from 2017 to 2022. The value of GMO tests conducted is higher for crops, especially corn, soy, canola, and potato. The market size for GM crops testing in processed foods is found to be higher in bakery & confectionery products. This is followed by breakfast cereals & snacks, meat & meat products, food additives, and others. The GM corn testing market dominated the GMO testing market, as GM corn is a highly exported and imported product.

The labeling mandates in importing regions such as Europe have led the U.S. to be the largest GMO testing market in the world, which is projected to grow at the highest CAGR during the forecast period. However, the European region is the largest market for GMO testing as the general consumer perception is against GMO foods in this country, and the EU countries such as Germany, the U.K., Spain, and France—being the major importers of soy, corn, and other foods—impose stringent regulations.

The GMO testing market, on the basis of trait, is segmented into stacked, herbicide tolerance, and insect resistance. The stacked trait testing market accounted for the largest in 2016, and is projected to be the fastest-growing in GM testing for crops and foods due to the increase in R&D innovations and multiplicity of different traits in one crop or food. Also, the expenses and the procedure associated with the testing stacked trait are higher.

The GMO testing market, on the basis of technology, is segmented into polymerase chain reaction (PCR) and immunoassay. The PCR segment accounted for the largest market in 2016, and is projected to grow at the highest CAGR from 2017 to 2022. The GMO testing market is segmented into crop and processed food tested, where the testing market for crops accounted for the largest. The crop segment is further subsegmented into corn, soy, rapeseed/canola, and potato, for which the testing for corn and soy accounted for the largest, and is projected to be the fastest-growing, as these are largely traded crops. The processed food tested segment includes bakery & confectionery, meat & meat products, breakfast cereals & snacks, food additives, and others, of which breakfast cereals & snacks is projected to be the fastest-growing market for GMO testing.

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Technologies such as PCR Capillary Gel Electrophoresis technology (CGE), Digital PCR, and Next Generation Sequencing technologies are the potential and upcoming technologies which enhance the specificity and duration of GM foods testing. Expansions, investments, and acquisitions, collectively, accounted for a share of about 73% of all growth strategies adopted by market players. Market players are focusing on the acquisition of local players in the industry to increase their efficiency. Thermo Fisher Scientific, Inc. (U.S.), Mérieux NutriSciences Corporation (U.S.), Eurofins Scientific SE (Luxembourg), and Intertek Group Plc (U.K.) are some of the players that adopted this strategy in order to develop their business.

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