Genetically Modified Food Safety Testing Market by Trait – MarketsandMarkets

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MarketsandMarkets Presents
Genetically Modified Food Safety Testing Market
worth 1.99 Billion USD by 2020
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The report "Genetically Modified Food Safety
Testing Market by Trait (Stacked, Herbicide
Tolerance, Insect Resistance), Technology
(Polymerase Chain Reaction, Immunoassay), Crop
Processed Food Tested by Region - Global Trend
Forecast to 2020", The GM food safety testing
market is projected to reach a value of USD 1.99
Billion by 2020, at a CAGR of 7.9 from 2015 to
2020. The market is driven by factors such as
evolution in farming technologies, diverse GM
processed food production, labeling mandates in
several countries, and proper nutrient
sufficiency. Browse 77 market data Tables 52
Figures  145 Pages and in-depth TOC
on "Genetically Modified Food Safety Testing
Market You can speak to our
analyst_at_ http//www.marketsandmarkets.com/speaktoa
nalyst.asp?id101319111
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Breakdown of Primary Interview
Source Expert Interviews and MarketsandMarkets
Analysis
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The market for genetically modified food
safety testing has grown exponentially in the
last few years. The market size is projected to
reach USD 1.9 Billion by 2020, at a CAGR of
around 7.9 from 2015 to 2020. Both, developed
and developing countries have been targeted for
this industry as the consumers concerns towards
GMOs have been revolutionizing GMO testing
technology. Ensuring sufficient nutrition,
evolution in farming technology, labeling
mandates in several countries, diverse GM
processed food production, and high investments
in biotech RD have been driving the market for
genetically modified food testing for
safety. The GM food safety testing market, on
the basis of trait, is segmented into stacked,
herbicide tolerance, and insect resistance. The
stacked traits testing market was the largest in
2014, and is projected to be the fastest-growing
in GM testing for crops and foods due to the
increase in RD innovations and multiplicity of
different traits in one crop or food. Also, the
expenses and the procedure associated with
testing stacked traits are higher. The GM food
safety testing market, on the basis of
technology, is segmented into Polymerase Chain
Reaction (PCR) and immunoassay technologies. The
GM food testing for safety through PCR technology
is largest and is projected to grow at the
highest rate from 2015 to 2020. The GM food
safety testing market is segmented into crop and
processed food tested, where the testing market
for crops is the largest. The crop segment is
further subsegmented into corn, soy,
rapeseed/canola, and potato, for which the
testing for corn and soy is the largest and the
fastest-growing, as these are largely traded
crops. The processed food tested segment contains
bakery confectionery, meat meat products,
breakfast cereals snacks, food additives, and
others, of which breakfast cereals snacks is
the fastest-growing market for genetically
modified food safety testing.
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• Key participants in the supply chain of
  genetically modified food safety testing are raw
  material suppliers, government bodies,
  distributors, and end users such as industries,
  consumers, and researchers. The major key players
  that are profiled in the report include SGS S.A.
  (Switzerland), Intertek Group plc (U.K.),
  Eurofins Scientific SE (Luxembourg), Bio-Rad
  Laboratories, Inc. (U.S.), and Silliker, Inc.
  (U.S.).
• This report is targeted at the existing players
  in the industry, which include
• Food manufacturers
• Distributors of GM crops
• GMO ingredient manufacturers
• Regulatory authorities
• Scope of the Report
• On the basis of Trait, the GM food safety testing
  market is segmented as follows   
•        
• Stacked
• Herbicide tolerance
• Insect resistance
• On the basis of Technology, the GM food safety
  testing market is segmented as follows\

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• On the basis of crop tested, the GM food safety
  testing market is segmented as follows 
• Corn
• Soybean
• Rapeseed/Canola
• Potato
• Others (tomato, sugar beet, and rice)
• On the basis of Processed food tested, GM food
  safety testing market is segmented as follows  
•        
• Bakery confectionery
• Meat meat products
• Breakfast cereals snacks
• Food additives
• Other processed food (infant food, dairy
  products, and processed beverages)
• Available Customizations
• With the given market data, MarketsandMarkets
  offers customizations according to the companys
  specific needs.

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