Latin America Genetically Modified Food Safety Testing Market was worth USD xx billion in 2021 and is estimated to be growing at a CAGR of xx%, to reach USD XX billion by 2027.
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. As the DNA of the organisms has been altered, certain characteristics of the organisms might also have been changed. In order to ensure that the changes that occurred do not cause any negative effects, safety testing has to be done to food produces from such organisms. Safety testing generally tests for the characteristics of food such as toxicity, allergenicity, stability of altered or inserted gene and nutritional effects of the food resulting from genetic modification. Technological advancements in genetic engineering which allows greater control over traits than other methods and the 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.
on the basis of
trait
technology
crop tested
processed food
On the basis of trait,
stacked
herbicide tolerance
insect resistance
Stacked trait holds the largest market segment due to the protection against insects as well as herbicide tolerance.
On the basis of technology,
immunoassay
polymerase chain reaction
PCR is largely used in the testing process.
On the basis of crop tested, the market is segmented into
Corn
potato
soya bean
canola
On the basis of processed food tested, the market is segmented into
Meat and Meat products
Bakery and confectionary
breakfast cereals
snacks
food additives
other processed food
Brazil
Argentina
Mexico
rest of South America
Brazil is the largest market segment due to its developing economy followed by Argentina.
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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