Genetic Analysis to Continue Dominating North America GMO Testing Market through 2024
Increasing awareness among consumers about health
effects of genetically modified crops along with rising demand for mandatory
GMO labelling to boost North America GMO testing market through 2024
According to
TechSci Research report, “North America GMO Testing Market
By Technology, By Crop Type, By Food Type, By Trait, By Country, Competition,
Forecast & Opportunities, 2024’’, North America GMO testing
market is projected to grow at a CAGR of 6.7% during
2019-2024 on account of increasing demand for mandatory GMO labelling by
consumers and implementation of legislative bills such as GMO labelling law, which
is driving food companies to get their products verified as GMO-free to meet
consumer demand. Consequently, demand for non-GMO food products along with emerging
need for advanced technology to test next generation GM output traits is further
expected to increase demand for Global GMO testing market.
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America GMO Testing Market"
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Based on technology, North America GMO market is
segmented into genetic and immuno-analysis. Genetic analysis accounts for a
major share in North America GMO market and is expected to continue its dominance
during forecast period as well owing to its properties such as high sensitivity
and definitive quantification. On the basis of crop type, market is categorized
into corn, soy, rapeseed/canola, potato and others. Of all, corn is the
dominating category as 95% of the total corn grown in North America is
genetically engineered and tested by various methods to quantify the presence
genetically modified organisms (GMOs).
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“Increasing demand for GMO labelling in the US, Canada
and Mexico is expected to propel North America GMO testing market. United States is leading
North America GMO market owing to increasing demand for genetically modified
crops in the country. The US is anticipated
to maintain its dominance during forecast period as well on account of
increasing usage of genetically modified crops by food companies in the country.
Furthermore, advancements in detection methods which cuts down the cost and make
GMO testing more effective is further likely to drive United
States GMO testing market in the coming years.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“North
America GMO Testing Market By Technology, By Crop Type, By Food Type, By Trait,
By Country, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of North
America GMO testing market and provides statistics and information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyses the emerging trends
along with essential drivers, challenges and opportunities in North America GMO
testing market.
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