The food safety testing market is projected to reach $15,040.7 million by 2019. In 2013, the market was dominated by North America, followed by Europe. The Asia-Pacific market is projected to grow at the highest CAGR during the forecast period.
The report Food Safety Testing Market - Global Trends & Forecast to 2019, defines and segments the food safety testing market on the basis of various contaminants, food types, technologies, and regions, with analyses and projections of the market size of each of these segments in terms of value ($million) and volume (million tests). It also identifies the driving and restraining factors for the food safety testing market, with analyses of the trends, opportunities, winning imperatives, and challenges.
Browse 205 market data tables, 75 figures spread through 265 pages and in-depth TOC on “Food Safety Testing Market - Global Trends & Forecast to 2019”.
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Every country across the globe continues to test food products to meet the regulations of the destination country for export testing or their own country for import testing. As regulations continue to change, laboratories across the world will continue to be under pressure to find improved testing methods to meet these new regulations.
Most of the regulatory changes occur on lower residue limits, additional regulations added for allergens, and label claims.
Food safety systems strive to minimize contamination in finished food products and also in the environment where the food is produced. For certain types of products, particularly ready-to-eat products, it is critical that environmental pathogens be easily controlled through environmental pathogen monitoring so that they do not contaminate the product.
The food safety testing market is well-established in Europe and North America. Emerging markets such as Latin America, Africa, and Asia-Pacific show a potential for growth due to increase in international food trade, consumer awareness of food contamination, outbreaks of food poisoning, and unexplored potential in emerging countries; China and India are expected to create a huge opportunity for the food safety testing market.
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The market for food safety testing is projected to reach $15,040.7 million and a volume of 1,154.8 million tests by 2019. In 2013, North America was the largest market for food safety testing, while Asia-Pacific is projected to be the fastest-growing market during the review period.
Food safety regulations are increasing food safety testing volumes in both developed and developing countries. Implementation of Food Safety Modernization Act (FSMA) in the U.
S. and an extended food safety action plan implemented in China are two examples presenting attractive opportunities for driving the growth of the food safety testing market.
The food safety testing market for pathogen commanded a majority share in 2013. Increasing foodborne diseases due to Salmonella are also attributed to the growth of the food safety testing market for pathogens.
This is mostly seen due to poor handling during food production. To ensure the safety of food products, the food safety management system is implemented with good manufacturing and handling practices.
Increasing food contamination and the outbreak of shiga toxin-producing E. coli (STEC) poisoning have resulted in an increase in the frequency of E.
coli testing in the global food testing market.
The leading players in the food safety testing market include SGS S.A. (Switzerland), Intertek Group Plc.
(U.K.), Eurofins Scientific (Luxembourg), Silliker, Inc. (U.S.), Lloyd’s Register Quality Assurance Ltd.
(U.K.), and Bureau Veritas S.A. (France).
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