ReportsnReports adds “GMO Testing Market” to its store. The Report provides in-depth analysis of the Biometric-as-a-Service Market at global and key country level.
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The GMO Testing Market, estimated at USD 1.58 Billion in 2017, is projected to grow at a CAGR of 8.2%, to reach USD 2.34 Billion by 2022.
Top Companies Profiled in the GMO Testing Market:
- Thermo Fisher Scientific Inc.(U.S.)
- SGS S.A. (Switzerland)
- Bureau Veritas SA (France)
- Intertek Group Plc. (U.K.)
- Eurofins Scientific SE (Luxembourg)
- TÜV SÜD AG (Germany)
- Bio-Rad Laboratories Inc. (U.S.)
- ALS Limited (Australia)
- Mérieux NutriSciences Corporation (U.S.)
- Asure Quality (New Zealand)
- Romer Labs Diagnostic GmbH (Austria)
- Microbac Laboratories Inc. (U.S.)
On the basis of trait, the GMO testing market is led by the stacked segment, 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.
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The U.S. is focusing on the increased usage of advanced technologies and a wider range of foods tested for genetically modified food safety testing. Consumer awareness regarding genetically modified foods is increasing in the importing countries of Europe and Asia. Therefore, the demand for specialized tests on processed food containing GMO srequires new technology development. Also, there is an increase in the export of genetically modified crops in the U.S.