Market Size of Global GMO Testing Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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GMO Testing Market Analysis
Global GMO Testing Market is projected to grow at a CAGR of 7.50% during the forecast period (2020-2025).
- Backed by the growing demand for free-from food products, worldwide, food authentication testing including one to done GMO analysis is making substantial space in the industry. Moreover, the growing prevalence of food frauds in the industry, including deliberate substitution of ingredients, misleading consumers with false claims, and disruptive labeling, consumers have become skeptical about the authentication of food products meant to serve specific demands.
- This, in turn, has led the food manufacturers to opt for food testing techniques as the most effective way to differentiate their products from conventional offerings, to capture significant shares in the market.
