Genetically Modified food safety testing market is projected to grow at a CAGR of 7.9%”
The genetically modified food safety testing market, estimated at USD 1.36 billion in 2015, is projected to grow at a CAGR of 7.9%, to reach USD 1.99 billion by 2020. The market is driven by factors such as the demand for high nutrition food products, consumer consciousness regarding genetically modifiedo food, and innovations leading to new genetically modified crops and food. The high growth potential in the European region and untapped regions provide new growth opportunities for market players.
Complete report, on Genetically Modified food safety testing Market spread across 145pages, with 77 tables and 52 figures Profiling 10 Companies is now available at http://www.rnrmarketresearch.com/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-tren-st-to-2020-market-report.html
“Stacked trait led the market with the largest share in 2014”
On the basis of trait, the GENETICALLY MODIFIED food safety testing market is led by the stacked seGenetically Modifiedent, followed by herbicide tolerance and insect resistance. Stacked trait includes various combinations of traits introduced in crops to ensure protection against insects as well as usage of harsh agrochemicals. In the Asia-Pacific region the stacked varieties also include bio-fortification traits to produce high nutrition food crops.
“U.S.: The future of the genetically modified food safety testing market”
The U.S. is focusing on the increased usage of advanced technologies and wider range of foods tested for genetically modified food safety testing. The awareness among the consumers with regard to genetically modified foods is increasing in importing countries of Europe and Asia. Therefore, the demand for specialized tests on processed food containing genetically modifiedo srequires new technology development. Also, there is an increase in the export of genetically modified crops in the U.S. With greater applicability of genetically modified food safety testing and focus on achieving greater profits, several food manufacturers are willing to spend on genetically modified food safety testing services that can enhance the salability of products along with building brand value.
The U.K. was the fastest-growing country-level market for genetically modified food safety testing in the world, and recorded the second highest in terms of value in the European region.
Break-up of Primaries:
- By Company Type - Tier 1 – 50%, Tier 2 – 30%, Tier 3 – 20%
- By Designation – C level – 28%, Director level – 22%, Others – 50%
- By Region – North America - 40%, Europe – 20%, Asia-Pacific – 30%, RoW – 10%
Leading players such as SGS S.A. (Switzerland), Intertek Group plc (U.K.), Eurofins Scientific SE (Luxembourg), Bio-Rad Laboratories, Inc. (U.S.) Silliker, Inc. (U.S.), Romer Labs Division Holding Genetically ModifiedbH (Austria), EMSL Analytical Inc. (U.S.), Genetic ID NA, Inc. (U.S.), OMIC USA Inc. (U.S.), and IFP (Institut fur Produktqualitat Genetically ModifiedbH) (Germany) are profiled in this report.
Reasons to buy this report:
- To get a comprehensive overview of the global genetically modified food safety testing market
- To gain wide ranging information about the top players in this industry, their product portfolios and key strategies adopted by them
- To gain insights about the major countries/regions in which the genetically modified food safety testing market is flourishing
This report is helpful for food manufacturers, safety agencies like, Food and Drug Administration, European Food Information Council, Government organizations working with food and safety department, Research organizations in food industry, food and beverage trader, suppliers and distributors dealing in Genetically Modified crops
Companies Profiled in this Report are
Intertek Group PLC.
Bio-Rad Laboratories, Inc.
Eurofins Scientific SE
Emsl Analytical Inc.
Genetic ID NA, Inc.
Omic USA Inc.
IFP Institut Fur Produktqualitat GmbH
Romer Labs Division Holding GmbH
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