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Sep 25, 2020 (AmericaNewsHour) —
Market Overview:
The global GMO Testing market was valued at USD 1.47 billion in 2016 and is projected to reach USD 2.95 billion by 2025, growing at a CAGR of 8.0% from 2017 to 2025.
GMO crop invention has been a breakthrough in the agriculture domain. However, the growing concerns regarding consumption of GMO Crops is expected to boost the usage of GMO Testing services. The introduction of non-GMO and growing concerns surrounding new GMO variants is driving market demand.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Technological evolution in farming practices
1.2 Diverse processed foods through GM crops
2. Market Restraints
2.1 Slow implementation of regulations
2.2 Lack of technological know-how among farmers
Market Segmentation:
The global GMO Testingmarket is segmented on the trait, technology, crop and processed food, and region.
1. By Trait:
1.1 Herbicide Tolerance
1.2 Stacked
1.3 Insect Resistance
2. By Technology:
2.1 Immunoassay
2.2 Polymerase Chain Reaction
3. By Crop and Processed Food:
3.1 Crop
3.1.1 Soybean
3.1.2 Corn
3.1.3 Potato
3.1.4 Canola
3.1.5 Others
3.2 Processed Food
3.2.1 Confectionery and Bakery
3.2.2 Meat Products and Meat
3.2.3 Snacks and Breakfast Cereals
3.2.4 Food Additives
3.2.5 Others
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Asurequality
2. Microbac Laboratories
3. SGS SA
4. Bureau Veritas SA
5. Thermo Fisher Scientific
6. Romer Labs Diagnostic GmbH
7. ALS Limited
8. TUV SUD AG
9. Intertek Group PLC
10. Eurofins Scientific SE
11. MerieuxNutrisciences Corporation
12. Bio-Rad Laboratories Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the GMO Testingmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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The post GMO Testing Market 2020 includes Attractiveness and Raw Material Analysis and Competitor Position Grid Analysis to 2025 appeared first on America News Hour.
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