North America GMO Testing Market By Technology (Genetic Analysis & Immuno-Analysis), By Crop Type (Corn, Soybean & Others), By Food Type (Breakfast Cereals & Snacks, Bakery & Confectionery & Others), By Trait, By Country, Competition, Forecast & Opportunities, 2024
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationNorth America GMO Testing Market By Technology (Genetic Analysis & Immuno-Analysis), By Crop Type (Corn, Soybean & Others), By Food Type (Breakfast Cereals & Snacks, Bakery & Confectionery & Others), By Trait, By Country, Competition, Forecast & Opportunities, 2024
North America GMO Testing Market Overview
North America GMO testing market is projected to reach $ 911 million by 2024 from $ 620 million in 2018, exhibiting a CAGR of over 6.7%. Anticipated growth in the market can be attributed to increasing demand for food companies to mention genetically modified food ingredients in their products along with application of GM food in various industries such as processed food and ethanol production. Moreover, rising awareness consumers about genetically modified crops and increasing varieties of GM crops is further anticipated to fuel growth in North America GMO testing market through 2024.
North America GMO Testing Market Segmentation
North America GMO testing market can be categorized based on technology, crop type, food type, trait and country. Based on crop type, the market is segmented into corn, soyabean, canola/rapeseed, potato and others. Corn accounted for the majority share in North America GMO testing market and is anticipated to continue its dominance during forecast period as well, as 95% of the total corn grown in the region is genetically engineered and is tested by various methods to quantify the presence of genetically engineered DNA.
North America GMO Testing Market Regional Segmentation
North America GMO testing market has been segmented into US, Canada, and Mexico. United States GMO testing market is leading North America GMO testing market and is expected to maintain its position during forecast period as well owing to increasing demand for genetically modified crops and growth of processed food industry in the country.
Competitive Landscape
Some of the leading companies operating in North America GMO testing market are SGS SA, Eurofins Scientific, Intertek Group Plc, Bio-Rad, Bureau Veritas, IEH Laboratories & Consulting Group, Merieux Nutrisciences, Microbac Laboratories, among others.
Years considered for this report
Historical Years2014-2017
Base Year2018
Estimated Year2019
Forecast Period2020-2024
Objective of the Study
- To analyze and forecast North America GMO testing market size.
- To forecast North America GMO testing market based on technology, crop type, food type, trait, country and company.
- To identify drivers and challenges for North America GMO testing market.
- To identify and analyze the profile of leading players in North America GMO Testing.
Some of the leading players in
Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of leading GMO Testing companies across North America. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the GMO Testing companies which could not be identified due to the limitations of secondary research. Market insights research analyzed the food companies and presence of all major players operating in North America GMO testing
Market insights research calculated North America GMO testing
Key Target Audience
- GMO testing manufacturers and suppliers
- Government and other regulatory bodies
- Research institutes and organizations
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.
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