Food Safety Testing Market Is Slated To Grow Rapidly In the Coming Years with the Top Global Market Players – Sgs Sa, Eurofins Scientific, Intertek Group, Bureau Veritas Sa, Als

The global food safety testing market size was valued at $13,144 million in 2017, and is estimated to reach $23,204 million by 2025, registering a CAGR of 7.3% from 2018 to 2025. Food safety testing refers to the inspection of food products for disease-causing organisms, chemicals, and other hazardous materials. It is generally targeted at three primary food contaminants namely, pathogens, chemicals, and genetically modified organisms (GMOs).

Implementation of various regulations on food safety, particularly in the developed economies, drives the growth of the global food safety testing market. Recycling of animal by-products, sale of goods past their “”use by”” date, inclusion of harmful ingredients, and unsafe food handling processes are some of the major food fraud activities. The consumption of contaminated food, including toxic chemicals and radioactive materials, results in foodborne illness, which may further lead to death. The implementation of stringent regulations by many leading food safety organizations, such as Food Standards Agency, European Food Safety Authority, Food Safety and Standards Authority of India, and Canadian Food Inspection Agency, to prevent ill health of consumers and food fraud is expected to drive the growth of the global food safety testing industry.

Major Key Players of the Food Safety Testing Market are:
SGS SA, Eurofins Scientific, Intertek Group , Bureau Veritas SA, ALS limited, TUV SUD, AsureQuality , DNV GL, Bio-Rad Laboratories, and Laboratory Corporation of America Holdings, Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., Shimadzu Corporation, PerkinElmer, Inc., and others.

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In addition, rise in economically motivated adulterations (EMAs) due to high competition among food producers, and increase in instances of food debasement, such as adulterations, pesticides, artificial taste enhancers, and certifications, boost the growth of the food safety testing market. However, lack of food control infrastructure in the developing economies, complexity in testing techniques, and lack of harmonization of regulations are anticipated to hamper the growth of the market.

The report emphasizes on different contaminants, food being tested, and technological adaptations. By contaminant, the global food safety testing market is classified into pathogen, genetically modified organism (GMO), chemical & toxin, and others. Depending on food tested, the market is categorized into meat & meat product, dairy & dairy product, cereal, grain, & pulse, processed food, and others. According to different technologies used for food safety testing, the market is segmented into agar culturing, PCR-based assay, immunoassay-based, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global food safety testing market is highly competitive, owing to the presence of several well-established manufacturers and vendors. The market has been undergoing significant consolidation over the last few years, and this trend is expected to continue further, owing to increase in acceptance of food safety testing and technological advancements.

Major Types of Food Safety Testing covered are:
Pathogen
Genetically modified organism (GMO)
Chemical & toxin
Others

By Food Tested:
Meat & meat product
Dairy & dairy product
Cereal, grain, & pulse
Processed food
Others

Research objectives:-
– To study and analyze the global Food Safety Testing consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Food Safety Testing market by identifying its various sub-segments.
– Focuses on the key global Food Safety Testing manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Food Safety Testing with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Food Safety Testing Market Size
2.2 Food Safety Testing Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Food Safety Testing Market Size by Manufacturers
3.2 Food Safety Testing Key Players Head office and Area Served
3.3 Key Players Food Safety Testing Product/Solution/Service
3.4 Date of Enter into Food Safety Testing Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Food Safety Testing Sales by Product
4.2 Global Food Safety Testing Revenue by Product
4.3 Food Safety Testing Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Food Safety Testing Breakdown Data by End User

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In the end, Food Safety Testing industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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Posted by on Thursday November 14 2019, 11:02 PM EST. All trademarks acknowledged. Filed under Food, Food & Beverage, Food Services. Comments and Trackbacks closed. Follow responses: RSS 2.0

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