Market research future published a cooked research report on Global Food Safety Testing Market that contains the information from 2011 to 2016. The Food Safety Testing Market is expected to grow with the CAGR of more than 7% from 2016 to 2021, and with this it is predictable to cross USD $15 billion by 2021. The various major growth of the market is due to worldwide increase in outbreak of foodborne illness.
Increasing Consumer Awareness for Food Safety – The Major Opportunity in the Market
Consumer awareness about food safety has increased significantly. Increasing consumer demand for healthy and safe food has been creating a huge opportunity for food safety testing market.
The food manufacturing companies have to conduct food safety testing on all their food products as described by the regulatory bodies. Consumers have been depending on the reports of food safety tests to decide on consuming the food products.
Consumer perception on food safety has significantly increased witnessing higher number of chemical contamination in food products, higher number of product recalls due to contamination by various pathogens, and so on.
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Among the Food Safety Testing contaminants market pathogens segment is compositing the growth of the market
The global food safety testing market revenue is projected to increase from $XX million in 2012 to $XX million by 2021, growing at a CAGR of 7.2% during the forecasted period. The market was dominated by pathogens testing, accounting for nearly 65% of the food safety testing market in 2012.
North America is dominating the overall market followed by Europe. Asia-Pacific ie projected to be the fastest growing market
In North America, food borne illness has accounted high expenses through the medication and lost work. North American government has spent many billions to recover the pathogen epidemic.
Asia-Pacific is likely to be the fastest growing region, due to rising demand for food safety from consumers, producers, and regulators. The most rapid moving country in Asia-Pacific food safety testing is China, and this gain will be amplified by larger base.
Australia has also been affected severely with pathogen induced foodborne diseases, and has prioritized food safety testing.
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This report includes a study of strategies, of major market players. It includes the product portfolios, developments of leading major players such as InvenSense, Inc, NXP Semiconductors, Panasonic Corporation, Robert Bosch GmbH, STMicroelectronics, Texas Instruments Incorporated, KIONIX, INC. (ROHM Co., Ltd.), Measurement Specialties, Inc, Analog Devices, Inc, ZOLL Medical Corporation, Freescale Semiconductor, Inc and Infineon Technologies AG and others.
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This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion.
Together the market data comprise and discuss with the basic assessments on the competitive scenerios & strategies, of the global plate heat exchanger device market, including the high-growth regions, countries and their political, economical and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
Study Objectives of Food Safety Testing Market
- To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Food Safety Testing Market
- To provide insights about factors affecting the market growth
- To Analyse the Global Food Safety Testing Market based on various factors- price analysis, supply chain analysis,porters five force analysis.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country-level analysis of the market with respect to the current market size and future prospective
- To provide country-level analysis of the market for segment by types and applications
- To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
- To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Food Safety Testing Market
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Market Synopsis of Food Safety Testing Market
As per MRFR analysis, the global food safety testing market has been witnessing steady growth due to stringent food safety regulations, increasing number of food poisoning outbreaks, and increasing consumer awareness on food safety and its implications. The trend of globalization in food supply trade is expected to further create huge opportunity for food safety testing market.
Geographically, North America is the largest market for food safety testing and Asia-Pacific is estimated to witness a significant growth in the near future.
Key Findings
- Worldwide increase in the outbreak of foodborne illness, stringent regulations, increasing consumer awareness, globalization in food trade were the main drivers of food safety market
- Leading testing laboratories were involved in obtaining accreditation and certification for the testing services
- Greater opportunities for food safety testing due to increase in food trade were observed in emerging countries, especially in India and China
Segmentation
MRFR has segmented the global food safety testing market intocontaminants, technologies and product types. The contaminant segment has been categorized into pathogens, pesticides, GMOS, toxins & others.
The technologies segment is categorized into traditional technology & rapid technology. And the product types is categorized into meat & poultry products, dairy products, processed food, fruit & vegetable & other food types.
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Regional Analysis of Food Safety Testing Market
As per the analysis, the global food safety testing market is poised to reach $XX Billion in 2015 from $XX Billion in 2021, with a CAGR of XX% during the forecasted period.
Key Players
The leading market players in the global food safety testing market primarily includeAccugen Laboratories, Adpen Laboratories, Aegis Food Testing Laboratories, ALS Limited, AsureQuality limited, Avomeen Analytical Services, Bio-Rad Laboratories, Bureau Veritas SA, Campden Bri, Det Norske Veritas AS (DNV) and others.
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