Genetically Modified Food Safety Testing Market by Trait – MarketsandMarkets

1. MarketsandMarkets Presents Genetically Modified Food Safety Testing Market worth 1.99 Billion USD by 2020

2. 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@ • http://www.marketsandmarkets.com/speaktoanalyst.asp?id=101319111

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4. 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 R&D 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 R&D 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.

5. 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:\ • Polymerase Chain Reaction (PCR-based) • Immunoassay

6. 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 company’s specific needs. • The following customization options are available for the report: • Regional Analysis • Further country specific data and its regulations

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