Global Genetically Modified (GM) Food Safety Testing Market to Touch USD 3.25 Billion by 2030

Published | 29 November 2024

Global Genetically Modified (GM) Food Safety Testing Market is flourishing due to the increasing adoption of GM crops, stringent regulatory requirements for food safety, growing awareness among consumers, and advancements in testing technologies.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Genetically Modified (GM) Food Safety Testing Market size at USD 2.01 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Global Genetically Modified (GM) Food Safety Testing Market size to grow at a significant CAGR of 8.34% reaching a value of USD 3.25 billion by 2030. Major driving factors for Global Genetically Modified (GM) Food Safety Testing Market include increasing adoption of genetically modified organisms (GMOs) in the food industry, rising awareness about food safety among consumers, and stringent regulatory requirements for GMO labeling. Also, the growing demand for accurate and reliable testing methods to ensure the safety of GM foods, coupled with advancements in biotechnology and molecular techniques, further propel market growth. The need for comprehensive testing solutions to assess the presence of GMOs in food products drives the market, addressing concerns related to health, environmental impact, and ethical considerations associated with genetically modified organisms in the food supply chain.

Sample Request: https://www.blueweaveconsulting.com/report/genetically-modified-food-safety-testing-market/report-sample

Opportunity - Rising Adoption of Technological Advancements in Farming

Global Genetically Modified (GM) Food Safety Testing Market is projected to expand with the growing adoption of technological advancements in farming techniques. Precision farming, internet of things (IoT), agricultural drones, artificial intelligence (AI), and machine learning (ML) are part of agricultural technologies (agri-tech). Agri-tech plays a crucial role in transforming the landscape of Global GM Food Safety Testing, as analyses of captured various types of data from multiple sensors enable to test the safety of GMO crops.

Impact of Escalating Geopolitical Tensions on Global Genetically Modified (GM) Food Safety Testing Market

Escalating geopolitical tensions, such as Russia-Ukraine war, could significantly impact Global Genetically Modified (GM) Food Safety Testing Market. Conflicts disrupt supply chains, affecting the availability and distribution of testing equipment and resources essential for ensuring the safety of genetically modified foods. The market experiences heightened volatility due to uncertainties surrounding trade relations and political instability, impacting investor confidence. Geopolitical tensions may also lead to increased regulatory scrutiny and changes in trade policies, directly influencing the demand for GM food safety testing services. Industries reliant on global agricultural trade are particularly vulnerable, as disruptions in geopolitical relations can hinder the adoption and acceptance of genetically modified crops, further influencing the market dynamics. Consequently, Global GM Food Safety Testing Market may face challenges and fluctuations driven by the complex interplay of political and economic factors on a global scale.

PCR Technology Leads Global GM Food Safety Testing Market

Polymerase Chain Reaction (PCR) accounts for the largest market share of Global Genetically Modified (GM) Food Safety Testing Market, reflecting its pivotal role in detecting and analyzing genetic modifications in food. PCR's precision and efficiency in amplifying DNA make it a cornerstone technology for ensuring the safety of genetically modified foods, driving its prominence within the market. Widespread adoption of PCR underscores its significance in maintaining food safety standards across the global landscape.

Competitive Landscape

Global Genetically Modified (GM) Food Safety Testing Market is fiercely competitive. Major companies in the market include Monsanto, Bio-Rad Laboratories, Inc., Emsl Analytical Inc., Eurofins Scientific Se, Genetic Id Na, Inc., IfpInstitut fur Produktqualitat GmbH, Intertek Group Plc., OmicUsa Inc., Romer Labs Division Holding GmbH, Sgs S.A., Silliker, Inc., Thermo Fisher Scientific, SGS S.A., Bureau Veritas S.A, ALS Limited, and TÜV SÜD. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Global Genetically Modified Food Safety Testing Market.

Don’t miss the business opportunity in Global Genetically Modified (GM) Food Safety Testing Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Genetically Modified (GM) Food Safety Testing Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Global Genetically Modified (GM) Food Safety Testing Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Scope of the Report

About Us

BlueWeave Consulting provides all-inclusive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer comprehensive market research reports by analyzing qualitative and quantitative data to boost your business solution's performance. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are a promising digital MI solutions company providing agile assistance to make your business endeavors successful.

Contact Us:

BlueWeave Consulting & Research Pvt Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

info@blueweaveconsulting.com