Genetically Modified Food Safety Testing Market to grow with a CAGR of 7.49 %

Increasing healthcare infrastructure and a supportive regulatory environment are the major drivers for the Global Genetically Modified Food Safety Testing Market.

 

According to TechSci Research report, “Global Genetically Modified Food Safety Testing Market Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Global Genetically Modified Food Safety Testing Market has valued at USD 2.24 billion in 2022 and is anticipated to witness an impressive growth in the forecast period with a CAGR of 7.49% through 2028. This can be due to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market. Quality control and assurance are significant drivers of demand in the Genetically Modified (GM) Food Safety Testing Market. Ensuring the safety, integrity, and compliance of GM food products is paramount in meeting regulatory standards, addressing consumer concerns, and maintaining the quality of the food supply chain. Regulatory authorities in many countries and regions have established strict standards and requirements for the approval, labeling, and safety assessment of GM foods. Compliance with these regulations is essential to market GM products. Quality control and assurance through GM food safety testing are key to meeting these regulatory requirements. Its processes, including GM food safety testing, help maintain the integrity of the food supply chain. They ensure that GM products are properly segregated from non-GM products during production, processing, storage, and distribution to prevent cross-contamination. GM food safety testing is an integral part of assessing the safety of GM products for human consumption and the environment. Quality control and assurance through safety testing are essential to identifying any potential risks and ensuring that GM foods meet safety standards. Food producers face potential legal liabilities if their GM products are found to be unsafe or mislabeled. Conducting GM food safety testing and adhering to quality control measures help mitigate these liabilities and protect brand reputation.

Genetically modified (GM) foods are engineered to offer specific benefits, including cost-effectiveness, extended shelf life, and enhanced nutritional content. The safety of GM foods is evaluated through an examination of their potential toxicity, allergenicity, nutritional profile, and the stability of the introduced genes. The growth of the market is being propelled by continuous research into novel approaches and methodologies to guarantee the safety of GM foods.

In May 2023, Neogen Corporation has unveiled two new assays for the detection of natural toxins: Reveal Q+ for DON EndPoint and Reveal Q+ for Aflatoxin EndPoint. These assays, known as Reveal Q+ EndPoint, are user-friendly quantitative lateral flow tests that deliver precise results within minutes. They are designed to be used on Neogen's Raptor Solo Platform and are particularly useful in scenarios where increased workflow efficiency is required. Neogen offers a comprehensive array of diagnostic test products for food safety, covering foodborne bacteria, mycotoxins, food allergens, and various other safety concerns. Their mycotoxin test kits cover a wide range, including aflatoxin, deoxynivalenol (DON), fumonisin, ochratoxin, T-2/HT-2, and zearalenone.

Public perception and activism present significant challenges in the Global Genetically Modified (GM) Food Safety Testing Market. These challenges are rooted in the varying views and concerns surrounding genetically modified organisms (GMOs) and their impact on food safety, the environment, and public health. Many consumers have reservations and concerns about the safety of GM foods. They may worry about potential health risks, allergenicity, and long-term consequences of consuming GMOs. This skepticism can drive demand for more rigorous and transparent safety testing. Activist groups and concerned consumers often advocate for clear labeling of GM products. This can create additional pressure on the industry to perform comprehensive GM food safety testing to meet labeling requirements. Activism contributes to the push for clear labeling and the availability of non-GMO or organic options. Food producers and retailers often respond by conducting safety testing to verify non-GMO claims.

 

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Global Genetically Modified Food Safety Testing Market is segmented based on Food Type, and by region. Based on the Food Type, Global Genetically Modified (GM) Food Safety Testing Market is segmented into Crops, Processed Foods, Others. Crops refer to agricultural products derived from genetically modified organisms (GMOs) or genetically engineered plants. These crops have had their genetic material modified using biotechnology techniques to introduce specific traits or characteristics, such as resistance to pests, herbicides, or environmental stress, as well as improved nutritional profiles. GM crops are a significant focus of food safety testing due to concerns related to their potential impact on human health, the environment, and the food supply chain. GM food safety testing involves assessing the crops at various stages of production, including raw agricultural commodities, processed food products, and animal feed. The testing aims to determine the safety of these crops for human consumption and their potential environmental impact. It includes the analysis of DNA and protein content, allergenicity, toxicity, compositional analysis, and environmental risk assessments.

Based on Region, North America held the largest share in the Global Genetically Modified Food Safety Testing Market. North America is a major player in global food trade. To export food products, especially to regions with stringent import regulations, North American producers need to demonstrate the safety of their GM food products through testing. The region benefits from strong research and innovation in the field of biotechnology, including genetic modification. This has led to a constant influx of new GM products, which in turn require safety testing. North America is known for its extensive agricultural operations, making it a key producer of GM crops. The vast scale of agriculture in the region increases the importance of rigorous safety testing to safeguard the food supply. North America has a well-developed infrastructure for food safety testing, including specialized laboratories and facilities equipped to conduct GM food safety testing efficiently. Government support for agricultural innovation and trade plays a role in the dominance of GM crops and the associated safety testing in North America.

 

Some of the major companies operating in the Global Genetically Modified Food Safety Testing Market include:

• Monsanto
• Bio-Rad Laboratories, Inc.
• Emsl Analytical Inc.
• Eurofins Scientific Se
• Thermo Fisher Scientific
• SGS SA
• Intertek Group Plc.
• Genetic ID NA Inc.
• ALS Limited
• Assure Quality Limited

 

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“Certain areas, particularly in North America, are projected to exert significant demand for Genetically Modified Food Safety Testing. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhance the overall wellbeing of people each year, are expected to contribute to a remarkable growth of the Global Genetically Modified Food Safety Testing Market in the forecast period," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

Genetically Modified Food Safety Testing Market by Food Type (Crops, Processed Foods, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of Global Genetically Modified Food Safety Testing Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Genetically Modified Food Safety Testing Market.

 

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