Biotech Updates

Report Shows Potential Growth for GMO Testing Market

July 27, 2023

A report published by Allied Market Research shows that the GMO Testing Market may reach $6.2 billion by 2031, with a 4.8% compound annual growth rate (CAGR) from 2022 to 2031. The report pointed out that North America was the highest contributor to revenue.

The GMO testing market was analyzed based on different factors, such as region, technology, crop type, and traits. The region was categorized into Europe, North America, Asia-Pacific, and LAMEA. For the technology, they subdivided the market into strip test, ELISA test, and polymerase chain reaction. For the crop type, they classified the market into potato, soy, rapeseed/canola, and others. On the basis of traits, they categorized the market into stacked, insect resistance, and herbicide tolerance.

The report provided an analysis of the key players, global market trends, application areas, market segments, and GMO Testing Market strategies for growth. The report also gave an in-depth analysis of the segmentation of the GMO Testing Market, which will help determine market opportunities.

For more information, read the report of Allied Market Research.


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