Published Date: August, 2017
Figure : Global Food Safety Testing Market by Region
Presence of contaminants or chemicals in canned foods, farm fresh foods frozen foods and processed foods can lead to food poisoning or other adverse effects on human health. The harmful materials or pathogens could enter the value chain at any point from source to final delivery to the customers. Therefore, it is important to conduct various tests to ascertain the food safety during the manufacturing phase and before the food products reach to the consumers. Pathogen testing has major share in the food safety testing market due to greater demand for food borne contamination testing.
In 2016, the value of the global food safety testing market over USD 4.8 billion. The global food safety testing market is projected to reach USD X.XX billion by 2023, growing with a CAGR of 7.2% from 2017 to 2023. The increase in food borne illnesses due to contaminants in the packaged food and beverages are expected to fuel the growth of global food safety testing market. Moreover, ever-increasing demand from the food industry for rapid testing technologies drives the market. The increase in consumption of convenience foods and beverages, consumer awareness about food safety and stringent regulations imposed by various governments are major factors in growth of the market.
The report segments the global food safety testing market by applications, testing types and region. As per the applications, the market is segmented into dairy, fruits and vegetables, meat, poultry, processed foods and others. On the basis of testing types, the segments in the food safety market include adulteration testing, allergen testing, GMO Testing, pathogen testing, non-pathogen testing, nutritional labeling, pesticide testing, toxin testing and others.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. North American region holds the largest share in the global food safety testing market. Stringent regulations for food safety, expansion of GMO foods and the increasing contaminant illnesses are major factors contributing in growth of the market. Demand in UK and Germany drives the market in the European region. Contaminant and food borne diseases in UK drive the food industry to go for food safety testing technologies to aim for better quality. The Asia- Pacific region is the fastest emerging market due to the factors such as increasing population, increasing demand for food products and increasing stringent regulations for food safety. China and India drive the Asia-Pacific region as awareness among consumers regarding the need for healthier foods has increased in these countries over the past few years. Moreover, the regulations related to food safety led to improvement in the hygiene standards in food processing industry and it pushed the industry to adopt advanced food safety testing techniques. Japan is expected to benefit from patents and innovations in the food safety testing obtained by its major players in the market.
The companies covered in the report include, ALS Limited, Bureau Veritas S.A, Charles River Laboratories International Inc, Eurofins Scientific, Genetic ID NA Inc, Genon Laboratories Ltd, International Laboratory Services, Intertek Group Plc, Silliker Inc, TUV Rheinland Group.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of food safety testing globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of food safety testing. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the food safety testing market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market.
The report also provides in depth analysis of regulatory framework pertaining to food safety testing market. This will help the companies to understand the regulatory compliance, supports, and barriers in the food safety testing market. This section highlights key amendments and their implication on food safety testing market in the short run as well as in the long run.
This report will help manufacturers, suppliers and distributors of the food safety testing market to understand the present and future trends in this market and formulate their strategies accordingly.
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