Food & Beverage Market Research News

Food safety testing market to hit 7.60% CAGR and projected to reach US$ 18.54 billion by 2022 detailed in new research report

The food safety testing market was valued at USD 12.01 Billion in 2016. It is projected to grow at a CAGR of 7.60% from 2017, to reach 18.54 Billion by 2022. Objectives of study are to define, segment, and project size of food safety testing market with respect to food tested, target tested, technology, and region. Report also aims to provide detailed information about crucial factors influencing growth of market, strategical analysis of micromarkets, opportunities for stakeholders, details of competitive landscape, and profile of the key players with respect to their market share and competencies.

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Food safety trsting market report includes estimations of the market size in terms of value (USD million). Both, top-down and bottom-up approaches have been used to estimate and validate size of global food safety testing market and to estimate the size of various other dependent submarkets in overall market.

Key players in market have been identified through secondary research; some of sources are press releases, annual reports, and financial journals, and paid databases such as Factiva and Bloomberg.

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This report is targeted at the existing players in the industry, which are as follows:

  • Food safety testing manufacturers, suppliers, and formulators
  • Food safety testing technology traders, suppliers, and distributors
  • Professional food testing providers, associations, and industry bodies
  • Research & development organizations
  • Government authorities and agencies related to public health, environment, and agriculture

One of the major drivers for the growth of rapid technologies is their multifunctional nature to offer time-efficient and flexible testing options to end users. The increasing significance of rapid technologies offering easy-to-use, efficient, and quick results has greatly enhanced their functionality.

Incorporating rapid technologies provides their end users with increased quality and turnaround time for each test.

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One of the drivers for the growth of GMOs segment is the rise in consumer concerns about genetically modified organisms in food. Strict food regulations, globally, have made GMO testing a mandatory requirement in several countries.

Also, consumers in developed countries such as the US demand more organic food and non-GMOs products, which will further drive the market for GMO testing.

The break-up of primary interviews is given below.

  • By Company Type –Tier 1:35%, Tier 2:45%, and Tier 3:20%n
  • By Designation – C level:25%, Directors:30%,and Others*:45%n
  • By Region – North America: 20%, Europe:25%, AsiaPacific:45%, and RoW:10%

The key players in this market include SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), Bureau Veritas SA (France), and ALS Limited (Australia). Others include Mérieux NutriSciences (US), TÜV SÜD (Germany), TÜV Nord Group (Germany), AsureQuality Ltd (New Zealand), Microbac Laboratories, Inc. (US), Genetic ID NA, Inc. (US), and Laboratory Corporation of America Holdings (US).

Connect for More Details for More Information “Food Safety Testing Market by Food Tested (Meat & Poultry, Dairy, Processed Foods, and Fruits & Vegetables), Target Tested (Pathogens, Pesticides, GMOs, and Toxins), Technology (Traditional and Rapid), and Region - Global Forecast to 2022” report @…ount?rname=103969 .

The food safety testing market has been segmented on the basis of technology, food tested, and target tested, which are further divided into their respective subsegments. It has also been segmented on the basis of region into North America, Europe, Asia Pacific, and the Rest of the World (RoW).

Competitive Landscape

1 Introduction

2 Competitive Leadership Mapping

3 Visionary Leaders

4 Innovators

5 Dynamic Differentiators

6 Emerging Companies

7 Competitive Benchmarking

8 Strength of Service Offering

9 Business Strategy Excellence

In terms of insights, this research report has focused on various levels of analyses—industry analysis, company profiles of top players, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the food safety testing market, high-growth regions, countries, drivers, restraints, and opportunities.

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