Food & Beverage

Global Food Safety Testing Market at a CAGR of 7.5% Growth, Trends and Absolute Opportunity up to 2025

Global Food Safety Testing Market

Food testing is integral to the efficient production of safe, quality products. With the food industry increasingly subject to scrutiny, testing to ensure compliance with food safety regulations and to protect public health, is a must. Global Food Safety Testing Market is expected to reach USD 22,327.02 million by 2025 from USD 12,760.00 million in 2017, at a CAGR of 7.5% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

This Food Safety Testing industry research report involves massive data that can influence the development of the Food Safety Testing market. This exploration Food Safety Testing business report provides effective data that can act as a guideline for handling the risks and challenges faced in the businesses. The globalization in the food industry is the major challenge for the food safety testing systems & services market. Different regional regulations and oversight between countries could result in supply chain uncertainties and affect the food safety testing industry

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Major Players: Global Food Safety Testing Market

Some of the major players operating in this market are SGS SA, Eurofins Scientific, Bureau Veritas, Bio-Rad Laboratories, Inc., ALS Limited. Intertek Group plc, TÜV SÜD, TÜV NORD GROUP, AsureQuality, Mérieux NutriSciences, LabCorp, Microbac Laboratories, Inc., Accugen Laboratories, Inc., ADPEN Laboratories Inc., Genetic ID NA, Inc. among others.

Market Segmentation:

  • The global food safety testing market is segmented based on food categories into seven notable segments; processed foods, meat and poultry, dairy products, fruits and vegetables, grains and cereals, seafood and others. In 2018, meat and poultry segment is projected to rule with 30.7% shares and will cross USD 6,953.70 million by 2025, rising at the CAGR of 7.7%. However, fruits and vegetables is expected to grow at the highest CAGR of 8.4% in the forecast period, and is expected to reach USD 5,384.20 million in 2025 from USD 2,883.12 million in 2017.
  • The global food safety testing market is segmented based on contaminants into six notable segments; Salmonella, Escherichia coli, Pseudomonas, Bacillus, moulds and others. In 2018, Salmonella segment is likely to rule with 29.9% shares and will cross USD 6,980.73 million by 2025, rising at the maximum CAGR of 8.2%. Each contaminant is sub segmented into different food category such as processed foods, meat and poultry, dairy products, fruits and vegetables, grains and cereals, seafood and others.
  • The global food safety testing market is segmented based on technology into nine notable segments; polymerase chain reaction, immunoassay, chromatography, enzyme linked immunosorbent assay, biochip or biosensor, flow cytometry, microarrays, rapid assay and others. In 2018, polymerase chain reaction segment is valued to rule with 41.6% shares and will cross USD 9,889.68 million by 2025, rising at the highest CAGR of 8.5%. Chromatography is sub segmented into liquid chromatography, gas chromatography, thin layer chromatography, paper chromatography and column chromatography.

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Global food safety testing market research report provides market data for several segments such as technologies, services and applications across many geographical areas. Market research analysis performed in this report hopefully lends a hand to businesses for the strategy planning related to production, costing, inventory, purchasing and marketing. A panel of skilled analysts, well-versed statisticians, knowledgeable research experts, enthusiastic forecasters, and smart economists work carefully to generate such a great market research report for the businesses. Not to mention, various steps for gathering, analysing and recording the data and information have been utilized for generating the report.

Key Drivers: Global Food Safety Testing Market

Some of the major factors driving the market for global food safety testing market are raising outbreak of food borne illness, stringent regulations imposed in food industry, increased globalization of food trade, advancements in technology, rising demand of convenience and packaged food products and augmented incidences of outbreaks of chemical contamination in food processing. On the other hand, lack of infrastructure for food control may hinder the growth of the market.

This Global food safety testing market research report is formulated by using integrated advancements and latest technology to obtain the most excellent results. The information and analysis covered in the Global food safety testing market report brings into light the types of consumers, their preferences about the product, their buying intentions and their ideas about the enhancement of a product. A good number of top competitors are taken into consideration in this report to obtain the insights on strategic industry analysis of the key factors influencing the market. Breakdown and estimations of important industry trends, market drivers, market restraints, market size, market share and sales volume have been explained very well in the report.

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