Food safety testing market was valued at USD 12.01billion in 2016,and is projected to reach a value of USD 18.54billion by 2022,growing at a CAGR of7.60% from 2017.
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Top Companies Analyzed for Food Safety Testing Market are – SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), Bureau Veritas SA (France), ALS Limited (Australia), Mérieux Nutri Sciences (US), TÜV SÜD (Germany), TÜV Nord Group (Germany), AsureQuality Ltd (New Zealand), Microbac Laboratories, Inc. (US), Genetic ID NA, Inc. (US), Laboratory Corporation of America Holdings (US).
Asia Pacific is projected to be the fastest-growing region from 2017 to 2022, due to its large market base for food & beverages, improved standards of living due to the rise in income levels, increased awareness about food safety, and growth in the number of food safety testing companies in the region.
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.
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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.
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.
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.
Complete Report Copy of 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 www.rnrmarketresearch.com/contacts/103969
- 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
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).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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