Any organism whose genetic material has been modified using genetic engineering technique in laboratory is referred as genetically modified organism (GMO). Genetic modification of genetic material is practiced for production of specific biological product or for expression of specific physiological traits in an organism. Genetically modified organisms are produced using reproductive cloning and recombinant deoxyribonucleic acid (DNA) technology. Transfer of entire donor nucleus into enucleated cytoplasm of host egg result in an offspring which is identical to its parent. Reproductive cloning generates offspring. While on the other hand, recombinant deoxyribonucleic acid (DNA) technology involves insertion of multiple genes from an individual of one species into deoxyribonucleic acid (DNA) of another species. The first animal produced using reproductive cloning technique was a sheep named Dolly in 1996. Since then, many animals such as pigs, dogs and horses, have been generated using reproductive cloning technique.
Based on the species of an organism, the global genetically modifies organisms market has been segmented as follows:
- Genetically Modified Crops
- Cisgenic plants
- Transgenic Plants
- Fruit Flies
- Aquatic Animals
Based on the industrial application, the global genetically modified organisms market has been segmented as follows:
- Environmental Management
- Human Therapeutics
- Food Quality Traits
- Human Gene Therapy
Genetically modified organisms market involves ethical issues and thus, the market is highly regulated in majority of the countries globally. For instance, labeling of genetically modified food has become a topic of controversy in the U.S. in recent times. In addition, high risk of genetic pollution is another issue surrounding genetically modified food. Thus, ethical issues involved in the production are primarily restraining the growth of global genetically modified organisms market.
Geographically, the global genetically modified organisms (GMO) market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). North America comprises genetically modified organisms (GMO) market for the U.S and Canada. Europe comprises cumulative market of genetically modified organisms (GMO) in Germany, Italy, France, Spain, and Rest of Europe (RoE). Asia Pacific comprises cumulative market of genetically modified organisms (GMO) in China, India, Australia, New Zealand and rest of Asia Pacific (RoAPAC). Rest of the World (RoW) comprises genetically modified organisms (GMO) market in Latin America, Middle East and Russia. Presently, North America and Europe dominates the global genetically modified organisms market. Factors such as highly developed research infrastructure, well defined regulatory framework, availability of skilled scientists and exceptionally developed biotechnology sector are driving the growth of the genetically modified organisms (GMO) market in North America and Europe. Asia Pacific genetically modified organism (GMO) market is anticipated to grow at the highest CAGR during the forecast period from 2014 to 2020. Governments of countries such as India and China are investing heavily on biotechnology sector to boost the biotechnology industry in respective countries. In addition, India and China account for the largest population pool in the world leading to increase food in consumption needs. Rising food consumption is anticipated to drive the demand for genetically modified organism market in these countries. Ministry of Agriculture regulates the genetically modified organisms (GMO) market in China. Argentina, Brazil, Mexico, and South Africa, are some of the countries in the rest of the world (RoW) region that are expected to show higher growth in the near future.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.