“The top 10 food safety testing and technologies market to reach a market size of USD 39.47 billion by 2022”
The top 10 food safety testing and technologies market is projected to reach USD 39.47 billion by 2022, this market covered two segments – food safety testing and water safety testing & technologies. The food safety testing industry includes food safety testing market, GM food safety testing market, food pathogen testing market, meat speciation testing market, food authenticity testing market, pesticide residue testing market, mycotoxin testing market, and food allergen testing market. The water safety testing & technologies industry includes water testing and analysis and bottled water testing.
“Food pathogen testing market is projected to grow at a CAGR of 7.9%”
The food pathogen testing market was valued at USD 7.41 billion in 2015 and is projected to have a CAGR of 7.9% from 2016 to 2022. Factors such as increase in outbreak of foodborne illnesses, implementation of stringent food safety regulations, and availability of advanced technology capable of rapid testing have further boosted the growth of this market.
“Meat speciation testing market is projected to grow at a rapid pace from 2016 to 2022”
The meat speciation testing market is projected to grow at the highest CAGR from 2016 to 2022. The drivers of this market include worldwide increase in malpractices, and number of fraud and adulteration incidents for meat & meat products, stringent regulation and consumer demand for certified products, and religious concerns among consumers.
“Asia-Pacific pesticide residue testing market is projected to be the fastest-growing market”
The Asia-Pacific region is expected to be the fastest-growing market for pesticide residue testing, due to the rise in population and health issues in its countries. It is expected that the demand for food safety from consumers, producers, and regulators will rise. China is projected to be the fastest-growing country in the Asia-Pacific food pesticide residue testing market.
“Processed foods segment: Estimated to dominate food authenticity testing market in 2016”
The processed food segment includes products such as infant formula and packaged foods, which have a wide variety of processed ingredients that require safety testing. Thus, the processed food segment is estimated to be the largest segment for testing in the food authenticity testing market, in 2016, as there are high chances of processed food fraud and adulterations.
“North America: Projected to be the fastest-growing in the food allergen testing market”
North America is projected to be the fastest-growing market during the forecast period considered for this study, in the food allergen testing market. The growth in food allergic patients and the international trading of food materials in the North American countries such as the U.S. have propelled the labeling requirement and allergen confirmation in the foods.
Break-up of Primaries:
- By Company Type: Tier 1 – 50 %, Tier 2 – 30%, and Tier 3 – 20%
- By Designation: C Level – 28%, Director Level – 22%, and Others – 50%
- By Region: North America – 40%, Europe – 30%, Asia-Pacific – 21%, and RoW – 9%
Leading players profiled in this report are as follows:
- SGS S.A. (Switzerland)
- Bureau Veritas S.A. (France)
- Intertek Group plc (U.K.)
- Eurofins Scientific SE (Luxembourg)
- ALS Limited (Australia)
- Thermo Fisher Scientific Inc. (U.S.)
- Mrieux NutriSciences Corporation (U.S.)
- AsureQuality Ltd. (New Zealand)
- Microbac Laboratories Inc. (U.S.)
- Romer Labs Diagnostic GmbH (Austria)
Top 10 trends in food safety testing and technologies incorporates a variety of testing technology markets. The markets covered under food safety testing include food safety testing market, GM food safety testing market, food pathogen testing market, meat speciation testing market, food authenticity testing market, pesticide residue testing market, mycotoxin testing market, and allergen testing market. The markets covered under water safety testing & technologies include water testing and analysis and bottled water testing. In terms of insights, this research report has focused on various levels of analyses?competitive landscape, regional market analysis, and company profiles, which together comprise and discuss the basic views on the emerging & high-growth segments of the global food safety testing and technologies industry, high-growth regions, countries, government initiatives, drivers, restraints, and opportunities.
Reasons To buy this report:
- To get a comprehensive overview of the food safety testing and technologies industry
- To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
- To gain insights about the major countries/regions in which the food safety testing and technologies industry is flourishing