According to a recently published report, the global Genetically Modified Foods Technology Market is expected to grow to a value of $2.17 billion till 2022 with the CAGR of 8.1% during 2015-2022. The segmentation of global genetically modified foods technology market is based on crop and processed foods tested, technology, traits and region. The report on global genetically modified foods technology market forecast, 2015-2022 (crop and processed foods tested, technology, traits and region) provides detailed overview and predictive analysis of the market.
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The global genetically modified foods technology market is growing at a rapid CAGR of 8.1% during the forecast year 2015-2022. The major reason to fuel up this market is technological advancement in the field of agriculture, such as agriculture biotechnology. Agricultural biotechnology is an agricultural science involving in the use of scientific techniques and tools, including molecular diagnostics, vaccines, tissue culture and genetic engineering to modify crops. BT crops are the most commonly used crops in agriculture field. Technological advancement has reached the level where crops can grow in the dessert field. Nowadays, plants and crops can also survive extreme drought. Scientists also introduces traits into crops DNA to enhance its resistance to insects, pests and weather condition. There are a number of advantages of genetically modified crops such as better resistance of plants from weeds and other insect; bigger and healthy crops; more textured, nutrients packed foods; and, easy to grow the crop in less nutritive soil. North America is the largest producer of corn GM crops.
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Scope of the report
1. Global Genetically Modified Foods Technology Market by Crop and Processed Foods Tested 2012-2022 ($ billion)
1.2. processed foods
2. Global Genetically Modified Foods Technology Market by Technology 2012-2022 ($ billion)
2.1. Polymerase chain reaction based
2.2. Immunoassay based
3. Global Genetically Modified Foods Technology Market by Traits 2012-2022 ($ billion)
3.2. herbicide tolerance
3.3. insect resistance
4. Global Genetically Modified Foods Technology Market Regional Outlook 2012-2022 ($ billion)
4.1. North America
4.3. Asia Pacific
4.4. Rest of the world
5. Company Profiles
5.1. Bio-Rad Laboratories, Inc.
5.2. Emsl Analytical Inc.
5.3. Eurofins Scientific Se
5.4. Genetic Id Na, Inc.
5.5. Ifp Institut Fur Produktqualitat Gmbh
5.6. Intertek Group Plc.
5.7. KWS AG (Germany)
5.8. Medivators, Inc.
5.9. Monsanto (US)
5.10. Omic USA Inc.
5.11. Romer Labs Division Holding Gmbh
5.13. SGS S.A.
5.14. Silliker, Inc.
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