Published on : Jan 16, 2017
ALBANY, NY, Jan 16, 2017: The global market for food safety testing will steadily increase with a CAGR of 7.31% from 2016 to 2021, contributing to the overall profit gained by the market. The report reveals critical data regarding the key drivers and restraints in the food safety testing market. The market size has been examined on the basis of contemporary trends as well as historical performance. The forecast period of 2016 to 2021 gives in-depth insight into the upcoming patterns in the market.
Technology-wise (both traditional and rapid), the analysis is done on three levels – mode of application, type and end user. Under the contaminant segment, GMO, pathogens, pesticides, toxins, and other contaminants are examined. While pathogen testing holds the dominant share, GMO testing appears to be the most promising segment on the basis of contaminant. Based on the food tested, fruits and vegetables, processed food, meat and poultry, dairy products and other food products are the segments studied.
Market dynamics, trends, and challenges have been discussed in the report and it covers a detailed analysis of the global food safety market in terms of value and forecast during the period 2011–2015 and 2016–2021. The key drivers of the food safety testing market are increasing food trade, growing incidence of foodborne illnesses, rising food recalls, stringent regulatory practices, and easier access to new testing technologies.
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All over the world, unhealthy elements such as chemical residues and allergens in food items have been causing health concerns among consumers, boosting the market for food safety testing. The U.S. in the North American segment has been dominating the scene, with items such as fruits, dairy, meat, poultry, processed meat products, and other foods being tested. The chief geographical segments are Europe, North America, ROW, and APAC. The country-wise segmentation of the food safety testing market includes India, the U.K., Canada, the U.S., Mexico, Japan, Brazil, Germany, and China. Over the coming years, APAC is expected to rise as a leading geographical segment.
The key players in the market for food safety testing are Microbac Laboratories, SGS SA Silliker, Inc., Intertek Group plc, Asure Quality Limited, Eurofins Scientific, ALS Ltd., Covance Inc., and DTS Food Laboratories among others.
The research includes information gathered from primary and secondary sources. Primary sources consist of interview responses of experienced industry experts in order to ensure accuracy. Premium journals, company presentations, industry association, annual reports, internal database are the secondary sources of the report.
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