The crop oil concentrates market is estimated to be valued at USD 199 million in 2019 and is projected to reach USD 254 million by 2025, recording a CAGR of 4.1% during the forecast period. The growth of the crop oil concentrates market is driven by factors such as the growing need to increase the efficiency of agrochemicals and increasing adoption of herbicide-tolerant crops.

Key players in the crop oil concentrates market include Croda International (UK), Wilbur-Ellis (US), Plant Health Technologies (J. R. Simplot) (US), CHS Inc. (US), Brandt Consolidated (US), BASF SE (Germany), and Winfield United (Land O’Lakes) (US).

Croda International (UK) is involved in manufacturing, distributing, and supplying specialty chemicals. It operates through four business segments, such as personal care, life sciences, performance technologies, and industrial chemicals. The life sciences business segment comprises two complementary businesses—healthcare and crop care. The crop care segment offers innovative ingredients and formulation expertise to agrochemical companies, enabling them to develop efficient, complex, and safe products that help farmers to increase the agricultural productivity of their farms. The company offers a broad range of adjuvants, including crop oil concentrates (COCs) through its crop care segment and invests increasingly in R&D functions to develop innovative adjuvant technologies.

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The company mainly focuses on various investments to strengthen its position in the crop oil concentrates market. For instance, in 2018, the company built a new warehouse in Yorkshire as well as opened its innovation and customer experience center in Brazil.

Wilbur-Ellis (US) is a key distributor of specialty chemicals and ingredients in the Asia Pacific region and offers its products through its Connell Brothers Division subsidiary. The company’s agribusiness division develops and supplies innovative products under three categories, namely, crop protection, nutrition, and seed technology; it also caters to customized solutions in all three categories as per the grower’s demands.

The company has a presence across the globe and operates in more than 216 offices across two continents, North America and Asia Pacific. Cavallo Ventures, the venture capital arm of Wilbur-Ellis promotes organic and inorganic growth strategies for the company to expand its product and research portfolio in feed, human nutrition, cosmetic ingredients, agrochemical active ingredients, water management & irrigation solutions, soil biology, and alternate items for chemicals.

Helena Agri-Enterprises, a subsidiary of Marubeni America Corporation (US), is a key agricultural and specialty formulator and distributor in the US. The company’s product portfolio includes crop protection products, fertilizers, specialty nutrients, and seed. It also provides various services, such as financial services, custom crop protection & fertilizer application services, AGRIntelligence program for decision making, and insurance services. The company has sales offices in 450 locations. Its operation is divided into four business units—eastern business unit, northern business unit, southern business unit, and eastern business unit.

The global industrial hemp market size is projected to grow from USD 4.6 billion in 2019 to USD 26.6 billion by 2025, recording a compound annual growth rate (CAGR) of 34.0% during the forecast period. Rising awareness among the consumers about the benefits of industrial hemp, increasing legalization to cultivate industrial hemp across different countries, and growing application scope of industrial hemp in diverse industries such as textile, pharmaceutical, food, beverages, personal care products, construction & material, furniture, and paper is driving the market for industrial hemp.

Key industrial hemp players include Hempco (Canada), Ecofibre (Australia), Hemp Inc. (US), GenCanna (US), HempFlax BV (Netherlands), Konoplex Group (Russia), Hemp Oil Canada (Canada), BAFA (Germany), Hemp Poland (Poland), Dun Agro (Netherlands), Colorado Hemp Works (US), Canah International (Romania), South Hemp Tecno (Italy), Plains Industrial Hemp Processing (Canada), and MH Medical Hemp (Germany). Agreements, joint ventures, and partnerships were the dominant strategies adopted by major players, followed by expansion. These strategies have helped them to increase their presence in different regions.

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Hempco, a subsidiary of Aurora Cannabis (Canada), is one of the leading manufacturers of cannabis products. Hempco is engaged in the processing of hemp-based products, such as hemp protein, hemp seed oil, and hemp fiber. It has developed a S.A.F.E soil program to provide chemical-free hemp crop and hemp-based products to consumers while achieving sustainable growth. The company strategies to capture the growing industrial hemp market all over the world. For instance, in March 2018, Hempco signed an agreement with Kane Veterinary Supplies, to supply its hemp-based animal supplements for pets and equine. This helped the company to capture the growing hemp-based animal health market in Canada.

Hemp Inc. (US) produces hemp-based products such as loss circulation material and absorbent used as a drilling fluid and to control oil spill, respectively. The company has nine divisions—the industrial hemp infrastructure, the hemp farming infrastructure, the hemp extraction infrastructure, the hemp educational infrastructure, accessories, products and services, research and development, industrial hemp investments and joint venture, and industrial hemp consulting. The company aims to provide hemp-based eco-friendly products to produce natural, sustainable products for worldwide markets, which can replace petroleum-based products. Through various joint ventures and agreements, the company strategies to expand its presence and product portfolio in the US. For instance, in January 2019, it formed a joint venture with Hemp Healthcare (US) to sell high-end CBD and hemp-based products.

The agricultural enzymes market is projected to grow at a CAGR of 11.2% to reach USD 474.7 million by 2022 in terms of value. The agricultural enzymes market is growing rapidly owing to factors such as cost savings and increasing demand for biofertilizers. The trend towards sustainable industrial agriculture has created opportunities for agricultural enzyme manufacturers to generate significant revenues by developing enhanced and high-quality products for customers.

The cereals & grains segment, by crop type, is projected to dominate the agricultural enzymes market through 2022.

Cereals & grains are the staple diet in several developing countries, especially for the lower-income and rural population. Urbanization is one of the main factors affecting the demand for cereals & grains because of different lifestyles, calorie requirements, rise in income, and change in food requirements. Agricultural enzymes are used for most cereal crops to enhance the yield as they fertilize the soil and enhance plant growth. The global demand for agricultural enzymes is also expected to increase as cereals are grown in almost all countries.

Phosphatases segment dominated the agricultural enzymes market

The phosphatases segment accounted for the largest share in 2016. Phosphatases are a broad group of enzymes that are capable of catalyzing hydrolysis of esters and anhydrides of phosphoric acid and play a vital role in soil systems. It has the ability to solubilize soil mineral elements.

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Fertility segment accounted for the largest market share

The fertility products segment is projected to grow at the highest rate during the forecast period followed by growth enhancing products. Soil fertility products containing soil enzymes such as proteases, dehydrogenases, ureases, sulfatases, and amylases are important in catalyzing several vital reactions necessary for the life processes of micro-organisms in soils and the stabilization of soil structure.

Europe: Lucrative market for opportunities for the agricultural enzymes market

In 2016, North America accounted for the largest share of the global agricultural enzymes market. The market in Europe is also projected to grow at a significant CAGR during the forecast period. This region comprises countries such as France, Spain, Germany, Italy, the U.K., and Rest of Europe wherein the Spain is a key producer of various agricultural applications. This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Novozymes A/S (Novozymes BioAg) (Denmark), Syngenta AG (Switzerland), E. I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), and Bayer AG (Germany)

The global bakery premixes market size is estimated to be valued at USD 298 million in 2019 and is projected to reach USD 413 million by 2025, recording a CAGR of 5.6% from 2019 to 2025. The increasing availability of multiple ingredients from a single source has enabled manufacturers to develop bakery products with value additions, such as ‘gluten-free’ and organic. In addition, the expansion of the bakery industry in regions, such as South America, the Middle East & Africa, and the Asia Pacific, is a key factor that is projected to drive the sales of bakery premixes in the coming years.

The complete mix segment is projected to witness the fastest growth during the forecast period.

Based on type, the bakery premixes market is segmented into complete mix, dough-base mix, and dough concentrates. The complete mix segment is projected to witness the fastest growth during the forecast period. Complete mix is a type of dry powder blend, in which only water is added by the end user. The complete mix is used for diverse applications, such as pizza, toast bread, and baguettes.

Complete mixes are used predominantly by consumers and foodservice operators, and it is generally more cost-effective for an industrial bakery to purchase bulk flour, in comparison to purchasing it as a component for premixes. Foodservice operators primarily use complete mixes as it is relatively cost-effective due to the availability of less-skilled labor needed to produce the end product. This is projected to drive the demand for bakery premixes during the forecast period. The food service industry is expanding both in developed and developing countries, which is creating lucrative opportunities for bakery premix manufacturers in the coming years.

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The bread products segment is projected to witness the fastest growth in the bakery premixes market during the forecast period.

By application, the bakery premixes market is segmented into bread products and bakery products. Bread mixes are primarily used by bakers to ensure the quality of products and minimize the cost of the final product. They help bakers to diversify their product portfolio by including different products, such as Italian panettone and French baguette. The bread mixes help in producing high-quality products with improved taste and texture at a competitive cost.

Among the bakery products, the pastries segment is projected to witness the highest growth over the forecast period, as they are convenient to use and provide moist texture and consistent flavor to the final products. These products are available in different flavors, such as chocolate, vanilla, and fruits, which are projected to drive the market growth over the forecast period.

Europe is estimated to dominate the bakery premixes market, in terms of value, in 2019.

Europe is projected to dominate the bakery premixes market due to the rise in the consumption of bakery products as a staple food product among consumers. The European bakery premix market is an established market, as key players have enhanced distribution channels, comply with regulations, develop innovative products, and align with consumer preferences.

Russia is projected to witness the highest growth in the European market during the forecast period. The demand for bread and bakery products in the country is projected to increase in the coming years, as consumers are adapting to the urbanized lifestyle, which drives the sales of convenience food products. The consumption of bread remains the highest in the county, and the demand seems to be increasing in the coming years, as manufacturers are focusing on launching bread products with value addition for health-conscious consumers.

This report includes a study on the marketing and development strategies, as well as product portfolios of the leading companies. It consists of profiles of leading companies, such as Oy Karl Fazer AB (Finland), Archer Daniels Midland Company (US), Puratos (Belgium), Corbion (Netherlands), Bakels Group (Switzerland), Nestle (Switzerland), Cargill (US), Nisshin Seifun Group Inc. (Japan), KCG Corporation, Swiss Bake Ingredients Pvt. Ltd. (Switzerland), Lesaffre (France), GK Ingredients (Malaysia), Premia Food Additives Pvt. Ltd. (India), Winner Group (Thailand), Midas Foods (US), Synova (Thailand), Heliofood (Malaysia), Watson Inc.(US), Limagrain (France), KCG Corporation (Thailand), Pondan (Indonesia), Trans Standard International (Malaysia), PT Sriboga Flour Mill (Indonesia), Winner Group (Thailand), Pt Gandum Mas Kencana (Indonesia), Heliofood (Malaysia) and Synova (Thailand), Dongguan Dongmei Foods Co. Ltd. (China), and GK Ingredients (Malaysia).

The report “Shrink Plastic Film Market by Type (Printed, Unprinted), Application (Beer, Water, Carbonated Soft Drinks), Application Form (Can, Bottle, Brick), Application Pack Size (3×2, 4×2, 4×3, 6×3) & Region – Global Forecast to 2020”, defines and segments the shrink film market with analysis and projections of the size of the market both in terms of value and volume. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges. The market is segmented and projected, on the basis of region into Americas, Europe, Asia-Pacific, and the Rest of the World (RoW).

The shrink film market is projected to reach USD 2.53 Billion by 2020, at a CAGR of 3.3% from 2015 to 2020. In this report, the shrink film market is segmented by type, application, application form, application pack size, and region, and analyzed in terms of value (USD Million) and volume (‘000 tons). Shrink film on the basis of application are broadly categorized into beer, water, carbonated soft drinks, and others. Key countries which accounted for a large share in each region have been studied individually. The market size for the remaining countries in the respective regions has been studied collectively as a single market at the end of each of the respective segments. In 2014, Europe contributed to the highest demand for shrink film in the global market followed by the Americas.

Water: Largest market segment

The water segment accounted for the largest market share in 2014, followed by the carbonated soft drinks segment in the shrink film market. Water and carbonated soft drinks have contributed significantly in the demand for shrink films packaging with the increase in demand for mineral water and carbonated drinks. The growing consumption of alcoholic beverages such as beer has also contributed in demand for shrink film market.

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Shrink film market, by application form

The shrink film market consists of three application form categories, namely, can, bottle, and brick. The demand for shrink film in the bottle segment accounted for the largest share in 2014.

The consumption of packaged beverages such as bottled water, milk, carbonated soft drinks, fruit juice, and energy drinks are high in the U.S. and the European countries. These are increasingly becoming popular in Asia-Pacific and RoW as well. Different designs of bottle packaging have been introduced for the purpose of branding. Soft-drinks and water are usually packaged in bottles after which shrink film is used for its secondary packaging.

Companies such as AEP Industries Inc. (U.S.), Amcor Limited (Australia), Bemis Company, INC (Wisconsin), Berry Plastics Corporation (U.S.), Ceisa Packaging SAS (France), and Coveris Holdings S.A (U.K.) are some of the players with a strong portfolio in this market. These companies have also been developing customized offerings to suit the demands of different packaging designs with high shelf appeal and eco-friendly features. Leading brands have been involved in extending the market share in developing regions such as Asia-Pacific and Latin America. Existing companies such as Coveris Holdings, Amcor Limited, and Bemis Company have been actively involved in the acquisition of regional suppliers to strengthen their market presence.

‘Farm to Fork’ Food Safety Trend on a Rise Due to the Growing Consumer Awareness for Health and Wellness

The tremendously growing global food trade is evolving into complexity. Food safety has become a growing concern for consumers who are aware of the various technologies, and they demand more information regarding the products they are consuming. Food safety is an assurance that food is not contaminated and is good for consumption by the consumers. The key trends in the food safety testing industry are GMO testing, food authenticity testing, food pathogen testing, meat speciation testing, pesticide residue market, mycotoxin testing, and allergen testing. Along with this, regulatory mandates for each level in the value chain are also boosting the market growth.

The global market for food safety testing and technologies is projected to reach USD 18.4 billion by 2022, recording a CAGR of 7.4%

The growing population has resulted in the rising demand for convenience and processed food. The growing food industry is eventually contributing to the growth of the food safety testing market, as farmers and manufacturers are compelled to offer high-quality agriculture produce and food products. Last few decades have observed an increase in the globalization of food trade, which has increased the risk of food contamination. The changing climatic conditions add to the problem of food safety threats. This is the reason the food safety testing markethas gained importance recently. Furthermore, the rising awareness among consumers about the safety of health is fueling the global food safety testing market. With the technological advancement, the market growth is projected to be for in the next few years.

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Market Dynamics

Drivers

•             Worldwide Increase in Foodborne Illness Outbreaks

•             Implementation of Stringent Food Safety Regulations

•             Globalization of Food Supply

•             Availability of Advanced Technology Capable of Rapid Testing

•             Media Influence on Consumer Awareness About Food Safety

Restraints

•             Lack of Food Control Infrastructure & Resources in Developing Countries

•             Lack of Awareness About Safety Regulations Among Food Manufacturers

Opportunities

•             Emerging Markets for Food Safety Testing

•             Increasing Consumer Awareness About Food Safety

Challenges

•             Time-Consuming Testing Methods

•             Inappropriate Sample Collection Standardization

•             Lack of Harmonization of Food Safety Regulations

Scope of the Report

The food safety testing and Technologies industry has been segmented into:

•             Food safety testing market

o             Food safety testing market

o             GM food safety testing market

o             Food pathogen testing market

o             Meat speciation testing market

o             Food authenticity testing market

o             Pesticide residue testing market

o             Mycotoxin testing market

o             Allergen testing market

•             Water safety testing & technologies market

o             Water testing and analysis market

o             Bottled water testing equipment market

On the basis of Region, the food safety testing and technologies industry has been segmented into:

•             North America

•             Europe

•             Asia-Pacific

•             RoW

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Conclusion

Rising awareness among consumers about food safety is the reason for the growth of the food safety testing market. Furthermore, the rising global food trade and foodborne illnesseshave fueled the market for food safety testing. Using the right techniques and GMP for food preparation and handling processes can reduce the chance of food contamination. With technological advancement, various technologies were introduced in the food safety testing market. These includeLC-MS, GC-MS, and HPCL. Among the various targets of food safety testing, GMO testing is estimated to witness the highest growth rate. The market for GMO testing is driven by the need to ensure sufficient nutrient consumption and safeguarding crops against damage. North America and Europe are the dominating regions in the food safety testing market.As water testing and analysis is an important aspect of food safety, the global bottled water testing market is projected to witness significant growth with CAGR of 5.3%. The food safety testing market is competitive, with a large number of players. The major players in the market are SGS (Switzerland), Mérieux (US), Intertek (UK), Eurofins (Luxemburg), and Bureau Veritas (France). The Asia Pacific region is an emerging market receiving investments from various multinational manufacturers, especially in countries such as China, Japan, and Australia.

The report “Food Authenticity Market by Target Testing (Meat Speciation, Country of Origin & Ageing, Adulteration & False Labeling), Technology (PCR-Based, LC-MS/MS, Isotope), Food Tested (Meat, Dairy, Processed Foods), and Region – Global Forecast to 2022″, The food authenticity market is projected to reach USD 7.50 Billion by 2022, at a CAGR of 7.6% from 2016 to 2022.

The market is driven by the increased EMA (economically motivated adulterations) due to high competition and increase in incidences of food frauds. Economically Motivated Adulteration (EMA) is a term used when food fraud is committed by way of intentional mixing or substituting food ingredients, for financial gain. In the highly competitive market, concerns of food frauds due to EMA are increasing. EMA is reported as a fairly common food fraud among high-value products.

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The adulteration test segment accounted for the largest share in the food authenticity market in 2015

The market for adulteration tests, among all the types of food authenticity, accounted for the largest share in 2015. This increased complexity in the supply chain is creating multiple challenges in the food industry to ensure food authenticity in terms of proper & correct labeling, GMO existence, preventing adulteration, and other economically motivated food frauds. Cutting cost due to competition is influencing adulteration trends. Due to this reason, instances of economically motivated adulteration (EMA) are growing in the market, which is identified as a major health threat for consumers.

PCR-based segment is projected to be the largest and fastest growing segment, by technology

PCR-based technology is found to be the most common, reliable, and widely used technology to ensure the authenticity of food products. Besides the market drivers, significant growth in adoption of this technology for food authenticity testing can be attributed to drawbacks of ELISA (enzyme-linked immunosorbent assay) technology, wherein the technology conducts DNA analysis for accurate determination of adulterant, meat species or GMO in products even at 0.1% levels of detection. PCR-based technology is projected to grow at the highest CAGR from 2016 to 2022.

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Asia-Pacific is projected to be the fastest-growing region in the food authenticity market

The Asia-Pacific region is projected to be the fastest-growing market through 2022 due to the increasing food safety concerns among the consumers and the growing market for processed food. France is projected to be fastest-growing country in the European region. European countries have recorded many issues related to food authenticity; as a result, stringent policies have been established to ensure complete food authenticity. Food safety authorities in Europe aim to protect consumer health by ensuring the quality of the food supply chain.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as SGS SA (Switzerland), Intertek Group plc (U.K.), Eurofins Scientific (Luxembourg), ALS Limited (Australia), LGC Science Group Ltd (U.K.), Merieux Nutrisciences Corporation (U.S), Microbac Laboratories Inc. (U.S.), EMSL Analytical Inc. (U.S.), Romer Labs Diagnostic GmbH (Austria), and Genetic ID NA, Inc. (U.S.).

The report “Termite Bait Systems Market by Termite Type (Subterranean, Dampwood, Drywood), Station Type (In-Ground, Above-Ground), Application (Commercial & Industrial, Residential, Agriculture & Livestock Farms), and Region – Global Forecast to 2023″ The termite bait systems market is estimated to be USD 260.8 million in 2018 and is projected to reach USD 342.5 million by 2023, at a CAGR of 5.60% from 2018. The market growth is driven by factors such as increasing demand from customers for less-toxic pest control methods and increasing prevalence of termite-related infestations with respect to rising global temperatures.

In-ground bait stations are estimated to be the most widely used station type during the forecast period.

Subterranean termites are the most common termites present globally and cause the most destructive damage to houses and other properties. Since subterranean termites are found below ground level, in-ground termite bait stations are used to control these termite infestations. The in-ground segment accounted for 72.5% of the global termite bait systems market in 2017, in terms of station type.

The commercial & industrial segment is projected to be the fastest-growing during the forecast period.

The commercial & industrial segment is projected to register the highest growth rate from 2018 to 2023. The increasing commercial and industrial construction activities, especially in the developing regions, have led to an increased demand for termite control services. The commercial & industrial sector needs to adhere to certain hygiene standards. This can create a significant demand for pest and termite control services in and around commercial and industrial areas. Additionally, the need for less-toxic termite control methods, such as termite baits, is also expected to gain importance in the coming years from the commercial & industrial segment.

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North America is projected to dominate the market, while Asia Pacific is projected to be the fastest-growing market for termite bait systems through 2023.

The North American region accounted for the largest share in 2017 due to the presence of players such as DowDuPont (US), BASF (Germany), and Rentokil (UK). Moreover, the presence of these companies in technologically advanced countries such as the US and Canada, and higher consumer awareness about and preference for pest control services have been key factors for the increasing adoption of bait systems for termite control.

The market for termite bait systems in the Asia Pacific region is projected to grow at the highest CAGR from 2018 to 2023, owing to the increasing investments in the commercial & industrial sectors.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as DowDuPont (US), BASF (Germany), Bayer (Germany), Sumitomo Chemical (Japan), Spectrum Brands (US), PCT International (Australia), Syngenta (Switzerland), Rentokil Initial (UK), Ensystex (US), Rollins (US), Terminix International (US), and Arrow Exterminators (US).

According to MarketsandMarkets, the industrial enzymes market is estimated to be valued at USD 5.9 billion in 2020 and is projected to reach USD 8.7 billion by 2026, recording a CAGR of 6.5% in terms of value. Due to thegrowing environmental concerns and rise in demand for bioethanol and advancement tools to optimize industrial production, the industrial enzymes market has been witnessing a surge. These factors are projected to drive the growth ofthe industrial enzymes market during the forecast period.

Enzymes play an important role as a biological catalyst in the processing for several applications, such as food & beverages, feed, detergents, bioethanol, pulp & paper, textiles & leather, and wastewater treatment. In addition, enzymes are increasingly used as a substitute forsynthetic chemicals, which significantly contributeto the growth of the industrial enzymes market.Consumer inclination toward the use of bioethanol as an alternative to gasoline in developed countries and the changing diet consumption patterns among consumers have been driving the use of enzymes in the bioethanol and food & beverage applications, respectively. R&D activities help the industry to innovate products and meet the demand of industries by increasing production.In addition, the usage of enzymes in textile manufacturing helps in creating fabrics that retain their high-quality appearance and vibrant colors even after multiple washes. The inclusion of enzymes in detergents has benefitted the environment by reducing energy consumption through shorter washing times, lower washing temperatures, and reduced water consumption.

In terms of type, the carbohydrases segmenthas shown significant growth in the market due to its wide range of usage across various applications.Carbohydrases havesubstituted sweeteners such as sucrose to improve the sensory properties of juices & wines and also reduce lactose in milk. This augments its usage in the beverage industry. Additionally, carbohydrases break down plant materials, such as fiber and starch, into simple sugars, resulting in effectively increasing the amount of energy made available in the feed.The ability of industrial enzymes to catalyze chemical reactions and increase its applications hascontributed to the growth of the industrial enzymes market.In addition, enzymes have several other benefits,such as lower production costs, higher product quality, reduced power energy consumption, and less wastage. These factors also drive the growth of the industrial enzymes market, while the use of industrial enzymes in food & beveragesis increasing due to the functional benefits of enzymes.

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Asia Pacific is projected to witness the fastest growth in the industrial enzymes market during the forecast period due to the globalization of business and technological innovations. The Rest of the World (RoW) enzymes market has been growing due to advancements in various industrial applications and rise in demand in developed countries.

Novozymes (Denmark) expandedits R&D facilities in Brazil,whichwould focus on biotechnology-based innovations and developments in new enzyme product offerings. In addition, enzymes are used increasingly to optimize the bioethanol industry. One of the major factors contributing to the growth of the enzymes market in the Asia Pacific and Rest of the World (RoW)regions is the increase in population, which drivesthe growth of the food & beverage, feed, textile & leather, and pulp & paperindustries.These factors drivethe market growth for enzymes in the Asia Pacific and Rest of the World (RoW) regions for industrial applications.

The GMO testing market is estimated to be valued at USD 1.58 Billion in 2017. It is projected to grow at a CAGR of 8.2% from 2017 to 2022, to reach 2.34 Billion by 2022. The base year considered for the study is 2016, and the forecast years are from 2017 to 2022. The market is driven by factors such as evolution in farming technologies, diverse genetically modified processed food production, labeling mandates in several countries, and proper nutrient sufficiency.

Market Dynamics

Drivers

•             Need to Ensure Sufficient Nutrient Consumption

•             Technological Evolution of Farming Practices

•             Diverse Processed Foods Through GM Crops

•             Labeling Mandates in Several Countries

•             High Investment in Biotech R&D

Restraints

•             Lack of Implementation of Regulations

•             Lack of Required Technical Know-How Among Farmers

Opportunities

•             Emerging Markets for GMO Testing

•             Increasing Consumer Awareness About GM Foods

Challenges

•             Ban on the Production of GM Crops

•             Unaffordability of Tests By Manufacturers

•             Inappropriate Sample Collection Standards

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Among the crops and processed foods tested for GMO, crops accounted for the largest market share in 2016, dominated by corn and soy. The bakery & confectionery items are largely tested for GMO testing, which include baking flours, breads, cakes, muffins, and other confectionery & baked goods. The market in breakfast cereals & snacks among processed foods is projected to grow at the highest CAGR due to the presence of a large amount of cereal grains and corn flakes. Food additives such as lecithin, vitamin E (tocopherol), and proteins from genetically modified soybean are also largely tested for GMOs.

Scope of the Report

On the basis of Trait, the GMO testing market is segmented as follows: 

•             Stacked

•             Herbicide tolerance

•             Insect resistance

On the basis of Technology, the GMO testing market is segmented as follows:

•             Polymerase Chain Reaction (PCR)

•             Immunoassay

On the basis of Crop Tested, the GMO testing market is segmented as follows:

•             Corn

•             Soy

•             Rapeseed/Canola

•             Potato

•             Others (tomato, sugarbeet, and rice)

On the basis of Processed Food Tested, GMO testing market is segmented as follows:

•             Bakery & confectionery

•             Meat & meat products

•             Breakfast cereals & snacks

•             Food additives

•             Other processed food (infant food, dairy products, and processed beverages)

On the basis of Region, the GMO testing market is segmented as follows:

•             North America

•             Europe

•             Asia-Pacific

•             RoW

The European region is the largest market for GMO testing in 2016. Countries such as Germany, France, Italy, Spain, the U.K., and other EU countries are major importers of soy, corn, canola, and other crops and processed foods. The countries in the EU are stringent in GMO regulations, which in turn results in vigorous testing of GMO for safety. North America is the major exporter of soy, corn & canola to the world which requires the conduction of tests for GMO labeling according to the importing country mandates. Brazil and Argentina are also the active countries for genetically modified food testing for safety. Asia-Pacific countries are at the growth stage in this market. China is the major country followed by Japan, Korea, and Rest of Asia-Pacific.

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This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such Thermo Fisher Scientific, Inc. (U.S.), SGS S.A. (Switzerland), Bureau Veritas SA (France), Intertek Group Plc. (U.K.), Eurofins Scientific SE (Luxembourg), TÜV SÜD AG (Germany), Bio-Rad Laboratories, Inc. (U.S.), ALS Limited (Australia), Mérieux NutriSciences Corporation (U.S.), AsureQuality (New Zealand), Romer Labs Diagnostic GmbH (Austria), and Microbac Laboratories, Inc. (U.S.).

In terms of insights, this research report has focused on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global genetically modified food safety testing market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.