Genetically Modified Food Safety Testing Market Trends in 2020

1. Genetically Modified Food Safety Testing Market Trends in 2020 | Industry Report 2025 Genetically Modified Food Safety Testing Market was worth USD xx billion in 2020, and is estimated to be growing at a CAGR of xx%, to reach USD XX billion by 2025 Genetically Modified Food Safety Testing Market Overview: Genetically Modified Food Safety Testing Market was worth USD xx billion in 2019, and is estimated to be growing at a CAGR of xx%, to reach USD XX billion by 2024. Genetically modified foods, also called as genetically engineered foods, are produced by organisms in which certain changes have been introduced to their genetic material using some techniques of genetic engineering. These techniques allow for the researchers to introduce new traits which are previously not present in that organism. As the DNA of the organisms has been altered, certain characteristics of the organisms might also have been changed. In order to ensure that the changes occurred do not cause any negative effects, safety testing has to be done to food produces from such organisms. The safety testing generally tests for the characteristics of food such as toxicity, allergenicity, stability of altered or inserted gene and nutritional effects of the food resulted from genetic modification. Technological advancements in genetic engineering which allows greater control over traits than other methods and increasing need for enhanced nutritional food products are expected to drive the market. The possibility of unintended harmful effects due to gene insertion and toxicity of genetically modified foods for humans are also driving the market. However, public concerns regarding the safety of GM foods, environmental impacts and varying regulatory status in different countries are restricting the market growth. Browse Full Report @ https://www.marketdataforecast.com/market-reports/genetically-modified- food-safety-testing-market Market Segmentation: The global Genetically Modified Food Safety Testing Market is segmented on the basis of trait, technology, crop tested and processed food tested and region. On the basis of trait, the market is segmented into stacked, herbicide tolerance and insect resistance. Stacked trait holds the largest market segment due to the protection against insects as well as herbicide tolerance. On the basis of technology, the market is segmented into immunoassay and polymerase chain reaction. PCR is largely used in the testing process. On the basis of crop tested, the market is segmented into Corn, potato, soya bean, canola and others. On the basis of processed food tested, the market is segmented into Meat and Meat products, Bakery and confectionary, breakfast cereals and snacks, food additives and other processed food. On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America dominates the market due to the presence of major GMO producing companies and wide range of GM foods tested in this region. Europe is the fastest growing market segment due to the increasing awareness of consumers regarding the GM foods in major food importing countries of this region.

2. Download Sample Report @ https://www.marketdataforecast.com/market-reports/genetically- modified-food-safety-testing-market/request-sample Key Players Analysis: Some of the major companies in this market are Monsanto, Emsl Analytical Inc., Genetic Id Na, Inc., Bio-Rad Laboratories, Inc., Eurofins Scientific Se, Intertek Group Plc, OmicUsa Inc., Sgs S.A., Romer Labs Division Holding GmbH. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Market Data Forecast Email: contact@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/