(Food-Beverage-News.Com, September 18, 2018 ) Genetically modified foods, also called as genetically engineered foods, are produced by organisms in which certain changes have been introduced to their genetic material using some techniques of genetic engineering. These techniques allow for the researchers to introduce new traits which are previously not present in that organism. GMO testing includes testing of crops and processed food for various traits such as stacked, herbicide tolerance, and insect resistance.
Drivers and Restraints: The major driving factors of Genetically Modified Food Safety Testing market are increase I n nutritional demand, Technological advancements in genetic engineering which allows greater control over traits than other methods and increasing need for enhanced nutritional food products are expected to drive the market. The possibility of unintended harmful effects due to gene insertion and toxicity of genetically modified foods for humans are also driving the market. However, public concerns regarding the safety of GM foods, environmental impacts and varying regulatory status in different countries are restricting the market growth.
Geographic Segmentation Based on geography the Market is primarily segmented into Europe, North America, Latin America, Middle East & Africa and North America. North America dominates the market due to the presence of major GMO producing companies and wide range of GM foods tested in this region. Europe is the fastest growing market segment due to the increasing awareness of consumers regarding the GM foods in major food importing countries of this region.
Major companies in the industries of Market are Monsanto, Emsl Analytical Inc., Genetic Id Na, Inc., Bio-Rad Laboratories, Inc., Eurofins Scientific Se, Intertek Group Plc, OmicUsa Inc., Sgs S.A., Romer Labs Division Holding GmbH.
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