Genetically Modified Food Safety Testing Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0197096
  • Format: Electronic (PDF)
  • Number of Pages: 180
  • Author(s): Joshi, Madhavi

Report Overview

The Genetically Modified Food Safety Testing Market size was estimated at USD 1.2 billion in 2023 and is projected to reach USD 2.1 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.70% during the forecast period (2024-2030).

Genetically Modified Food Safety Testing Market

(Market Size)
$1.2 billion
$2.1 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.70%
2023 Market Size USD 1.2 billion
2030 Market Size USD 2.1 billion
Key Players SGS, Eurofins, Intertek, Bureau Veritas

Market Summary

The Genetically Modified Food Safety Testing Market is a critical segment within the global food and beverages industry, focused on ensuring the safety, quality, and regulatory compliance of genetically modified organisms (GMOs) in the food supply chain. This market encompasses a wide range of testing methodologies and technologies designed to detect, identify, and quantify GMO presence in various food products, from raw agricultural commodities to processed foods. The increasing cultivation and consumption of genetically modified crops, such as soybean, corn, and canola, have propelled the demand for rigorous safety assessments. Regulatory frameworks across regions like North America, Europe, and Asia-Pacific mandate stringent testing protocols to address consumer concerns regarding health impacts, allergenicity, and environmental effects. Companies and laboratories operating in this space provide services and kits that cater to food manufacturers, retailers, and government agencies, ensuring adherence to labeling laws and safety standards. The market is characterized by continuous advancements in testing technologies, including PCR, immunoassays, and next-generation sequencing, which enhance accuracy, sensitivity, and throughput. As global trade in GM foods expands, the need for harmonized testing standards and reliable detection methods becomes increasingly paramount, driving innovation and investment in this sector.

Key Highlights

The Genetically Modified Food Safety Testing Market is distinguished by several key highlights that underscore its importance and dynamism. The adoption of advanced molecular techniques, such as real-time PCR and digital PCR, has revolutionized the detection capabilities, allowing for precise identification of even low-level GMO contamination. Regulatory bodies, including the FDA in the United States and EFSA in Europe, have established comprehensive guidelines that necessitate thorough safety evaluations, fueling market growth. The rising consumer awareness and demand for transparency in food labeling have led to increased testing requirements, particularly in regions with strict GMO labeling laws. Additionally, the market sees significant involvement from leading companies like SGS SA, Eurofins Scientific, and Intertek Group plc, which offer extensive testing services and solutions. The integration of automation and high-throughput systems in laboratories has improved efficiency and reduced turnaround times, catering to the high volume of samples processed annually. The focus on multi-analyte testing platforms, which can detect multiple GMOs simultaneously, represents a notable trend, enhancing cost-effectiveness and comprehensiveness. These highlights collectively emphasize the market's role in safeguarding public health and ensuring regulatory compliance in the rapidly evolving food industry.

Drivers, Opportunities & Restraints

Several drivers propel the Genetically Modified Food Safety Testing Market, including stringent government regulations mandating GMO labeling and safety assessments, which create a consistent demand for testing services. The growing global production and trade of GM crops, particularly in countries like the United States, Brazil, and Argentina, necessitate robust testing protocols to meet international standards and avoid trade disputes. Increasing consumer concerns about food safety and the potential health risks associated with GMOs further drive market growth, as retailers and manufacturers seek to build trust and ensure compliance. Opportunities abound in the development of rapid, portable testing kits for on-site detection, which can cater to small and medium-sized enterprises and field applications. The expansion of GM crop varieties beyond major staples into fruits, vegetables, and animals opens new avenues for testing. However, the market faces restraints such as the high cost of advanced testing equipment and reagents, which can limit adoption in developing regions. The complexity of testing for stacked traits and unknown GMOs poses technical challenges, requiring continuous innovation. Additionally, varying regulatory frameworks across countries create hurdles for global harmonization, potentially slowing market expansion. Despite these restraints, the ongoing technological advancements and increasing regulatory scrutiny present a positive outlook for market development.

Concentration Insights

The Genetically Modified Food Safety Testing Market exhibits a concentrated landscape with a few major players dominating the global scene, alongside numerous specialized and regional laboratories. Key companies such as SGS SA, Eurofins Scientific, Intertek Group plc, and Bureau Veritas hold significant market shares due to their extensive service portfolios, global network of laboratories, and strong regulatory expertise. These players offer comprehensive testing solutions, including detection, quantification, and certification services, catering to a diverse client base from food manufacturers to government agencies. The market concentration is also influenced by mergers and acquisitions, as larger entities acquire smaller niche players to expand their technological capabilities and geographic reach. Regional concentrations are evident, with North America and Europe hosting the majority of leading testing facilities, driven by stringent regulations and high consumer awareness. In contrast, emerging economies in Asia-Pacific and Latin America are witnessing growth in local testing services, though they often collaborate with international firms to meet standards. The concentration dynamics are further shaped by investments in R&D for novel testing methods, which reinforce the dominance of technologically advanced players. This landscape ensures that the market remains competitive yet consolidated, with a focus on quality, reliability, and compliance.

Type Insights

The Genetically Modified Food Safety Testing Market is segmented by type into various testing methodologies, each serving distinct purposes in GMO detection and analysis. Polymerase Chain Reaction (PCR)-based testing is the most widely adopted method, prized for its high sensitivity, specificity, and ability to detect even minute quantities of GMO DNA. Within PCR, real-time PCR and digital PCR are increasingly favored for quantitative analysis, providing accurate measurements of GMO content. Immunoassay-based tests, such as ELISA, are utilized for protein detection, offering rapid results and suitability for high-throughput screening, though they may be less specific than DNA-based methods. Next-generation sequencing (NGS) is emerging as a powerful tool for comprehensive GMO characterization, enabling the identification of unknown or unauthorized genetically modified events. Additionally, strip tests and lateral flow devices provide quick, on-site qualitative detection, ideal for preliminary screening in field conditions. Each testing type has its applications; for instance, PCR is often used for compliance with labeling thresholds, while immunoassays are common in initial screening phases. The choice of method depends on factors like required sensitivity, cost, turnaround time, and regulatory requirements, driving diversity in the market's technological offerings.

Application Insights

In the Genetically Modified Food Safety Testing Market, applications span across various stages of the food supply chain, addressing needs from raw material inspection to final product certification. Crop testing is a primary application, where seeds, leaves, and harvested grains are analyzed for GMO presence to ensure compliance with cultivation regulations and contractual agreements. Processed food testing is crucial, as ingredients like soy protein, corn syrup, and canola oil often derive from GM crops, requiring verification to meet labeling laws and consumer expectations. Meat, dairy, and animal feed testing have gained prominence, given the use of GM crops in feed formulations, which necessitates assessment for potential transfer of modified genes or proteins. Import and export testing is another significant application, as border controls and customs authorities mandate checks to prevent unauthorized GMO entry and ensure adherence to international standards. Additionally, testing for environmental monitoring assesses the impact of GM crops on ecosystems, though this is more niche. Each application demands tailored testing protocols; for example, processed foods may require specialized DNA extraction methods due to degradation during manufacturing. The diversity of applications underscores the market's role in ensuring safety and transparency across the entire food industry.

Regional Insights

The Genetically Modified Food Safety Testing Market demonstrates distinct regional variations influenced by regulatory policies, agricultural practices, and consumer attitudes. North America, particularly the United States, represents a major market due to high GM crop adoption and stringent FDA and USDA regulations that enforce safety and labeling standards. Europe is characterized by rigorous GMO regulations under EFSA and the European Commission, with mandatory labeling for products containing above 0.9% GMO content, driving robust testing demand. The Asia-Pacific region is experiencing rapid growth, fueled by increasing GM crop cultivation in countries like China and India, alongside growing food safety concerns and evolving regulatory frameworks. Latin America, with significant GM soybean and corn production in Brazil and Argentina, has a well-established testing infrastructure to support export compliance. In contrast, regions like Africa and the Middle East are emerging markets, where testing is gradually gaining traction due to import dependencies and developing regulations. Regional insights also highlight collaborations between governments and private players to enhance testing capacities, such as public-private partnerships in Asia for capacity building. These geographic differences shape market strategies, with companies tailoring services to meet local regulatory and consumer needs.

Company Insights

The Genetically Modified Food Safety Testing Market features several prominent companies that lead through technological innovation, extensive service networks, and regulatory expertise. SGS SA is a global leader, offering a comprehensive suite of GMO testing services, including DNA-based detection and protein analysis, supported by a widespread laboratory network. Eurofins Scientific is another key player, known for its advanced testing capabilities and strong focus on R&D, providing solutions for complex matrices and novel GMOs. Intertek Group plc delivers tailored testing services for the food industry, emphasizing accuracy and compliance with international standards. Bureau Veritas specializes in certification and testing, with a strong presence in Europe and expanding operations in emerging markets. Other notable companies include ALS Limited, which offers specialized agricultural testing, and Merieux NutriSciences, focusing on food safety solutions. These companies invest heavily in developing rapid, cost-effective testing kits and platforms, such as real-time PCR systems and automated sample processing, to enhance efficiency. Partnerships with academic institutions and regulatory bodies are common, fostering innovation and standardization. The competitive landscape is marked by a emphasis on accreditation, quality assurance, and customer-centric services, ensuring reliability in test results and strengthening market position.

Recent Developments

Recent developments in the Genetically Modified Food Safety Testing Market reflect ongoing innovation and adaptation to evolving regulatory and technological landscapes. Advances in testing technologies have been significant, with the introduction of digital PCR platforms offering unparalleled precision in GMO quantification, even in complex food matrices. Companies have launched multi-analyte screening kits capable of detecting numerous GMO events simultaneously, reducing time and costs for comprehensive safety assessments. Regulatory updates, such as the European Union's refined guidelines on GMO detection methods, have prompted testing laboratories to upgrade their protocols and validation processes. Strategic acquisitions have occurred, with major players like Eurofins acquiring specialized labs to expand their geographic and service capabilities, particularly in high-growth regions like Asia-Pacific. Collaborations between testing firms and biotechnology companies have increased, focusing on developing reference materials and standardized methods for new GM crops. Additionally, there is a growing emphasis on sustainability, with efforts to reduce the environmental impact of testing through eco-friendly reagents and automated systems that minimize waste. These developments highlight the market's dynamic nature, driven by the need for accuracy, efficiency, and compliance in ensuring the safety of genetically modified foods.

Report Segmentation

The Genetically Modified Food Safety Testing Market report is segmented to provide detailed insights into various aspects influencing market dynamics. The segmentation by type includes Polymerase Chain Reaction (PCR), immunoassays, next-generation sequencing, and others, each analyzed for their adoption trends, advantages, and limitations in different testing scenarios. By trait, the market is categorized into herbicide tolerance, insect resistance, stacked traits, and others, reflecting the diversity of genetic modifications and their specific safety testing requirements. Application-based segmentation covers crops, processed foods, meat and dairy, animal feed, and others, addressing the unique challenges and protocols associated with each category. Geographically, the report is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, examining regional regulatory frameworks, market size, and growth prospects. Additionally, the segmentation by end-user includes food manufacturers, government agencies, third-party laboratories, and research institutions, highlighting the distinct needs and drivers for each group. This comprehensive segmentation enables stakeholders to identify niche opportunities, understand competitive landscapes, and make informed decisions based on targeted insights into specific market segments.

FAQs

What are the common methods used in genetically modified food safety testing?

Common methods include Polymerase Chain Reaction (PCR) for DNA-based detection, immunoassays like ELISA for protein detection, and next-generation sequencing for comprehensive analysis. Each method offers varying levels of sensitivity, specificity, and suitability for different food matrices.

Why is genetically modified food safety testing important?

It ensures compliance with regulatory standards, verifies labeling accuracy, addresses consumer health concerns, and facilitates international trade by preventing unauthorized GMO presence in food products.

Which regions have the strictest regulations for GMO testing?

Europe has among the strictest regulations, with mandatory labeling for products containing more than 0.9% GMO content, followed by countries like Japan and Australia with rigorous safety assessment requirements.

What challenges are faced in GMO food safety testing?

Challenges include detecting low-level or unknown GMOs, high costs of advanced testing, variability in regulatory standards across regions, and the complexity of testing processed foods where DNA may be degraded.

Who are the key players in the genetically modified food safety testing market?

Key players include SGS SA, Eurofins Scientific, Intertek Group plc, Bureau Veritas, and ALS Limited, which provide extensive testing services and technological solutions globally.

Citius Research has developed a research report titled “Genetically Modified Food Safety Testing Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Genetically Modified Food Safety Testing Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Genetically Modified Food Safety Testing Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Genetically Modified Food Safety Testing Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Genetically Modified Food Safety Testing Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Genetically Modified Food Safety Testing Market
• Research Methodology
• Executive Summary
• Market Dynamics of Genetically Modified Food Safety Testing Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Genetically Modified Food Safety Testing Market
• Cost and Gross Margin Analysis of Genetically Modified Food Safety Testing Market
• Genetically Modified Food Safety Testing Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Genetically Modified Food Safety Testing Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Genetically Modified Food Safety Testing Market Key Stakeholders

Below are the key stakeholders for the Genetically Modified Food Safety Testing Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Genetically Modified Food Safety Testing Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Genetically Modified Food Safety Testing Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Genetically Modified Food Safety Testing Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Genetically Modified Food Safety Testing Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Genetically Modified Food Safety Testing Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Genetically Modified Food Safety Testing Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Genetically Modified Food Safety Testing Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Genetically Modified Food Safety Testing Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Genetically Modified Food Safety Testing Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Genetically Modified Food Safety Testing Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Genetically Modified Food Safety Testing Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Genetically Modified Food Safety Testing Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Genetically Modified Food Safety Testing Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Genetically Modified Food Safety Testing Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Genetically Modified Food Safety Testing Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Genetically Modified Food Safety Testing Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Genetically Modified Food Safety Testing Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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