$18.54Bn Food Safety Testing Market Growing at 7.60% CAGR to 2022 Dominated by Rapid Technologies

The global food safety testing market is forecast to reach $18.54 billion by 2022 from $12.01 billion in 2016 at a CAGR of 7.60% during (2017-2022) driven by the global rise in food borne outbreaks, advancements in testing technologies, globalization of food supply and stringent international food safety regulations.

PUNE, India, Sept. 15, 2017 /PRNewswire-iReach/ -- Asia Pacific is projected be the fastest-growing region for food safety testing market during the forecast period. 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. 

Browse 87 Market Data Tables and 92 Figures spread through 238 Pages and in-depth TOC on "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"  http://www.reportsnreports.com/reports/257096-food-safety-testing-market-by-contaminants-pathogen-gmo-toxin-pesticide-others-technology-traditional-rapid-food-types-meat-poultry-dairy-fruit-vegetable-processed-food-others-geography-global-trends-forecast-to-2018.html .

The GMOs are projected be the fastest-growing targets tested for food safety during the forecast period. 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.

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

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

One of the major drivers for the growth of food safety testing market is rapid technologies is their multifunctional nature to offer time-efficient and flexible testing options to end users. Rapid technologies are projected form the faster-growing segment during the forecast period. 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.

The key players in food safety testing 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).  Inquire for Discount on "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" research report at  http://www.reportsnreports.com/contacts/discount.aspx?name=257096 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (45%), and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level Executives (25%), Director Level (30%), and Others* (45%) from various key organizations operating in the global food safety testing market. The primary interviews were conducted worldwide covering regions such as North America (20%), Europe (25%), Asia-Pacific (45%) and RoW (10%). *Others include sales managers, marketing managers, and product managers.

Research Coverage: 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.

Another research titled Top 10 Food Safety Testing and Technologies Trends Global Forecast to 2022 says, the top 10 food safety testing and technologies market is projected to reach $39.47 billion by 2022, this market covered two segments – food safety testing and water safety testing & technologies. Food pathogen testing market is projected to grow at a CAGR of 7.9%. Meat speciation testing market is projected to grow at a rapid pace from 2016 to 2022. Asia-Pacific pesticide residue testing market is projected to be the fastest-growing market. Processed foods segment:  Estimated to dominate food authenticity testing market in 2016. North America: Projected to be the fastest-growing in the food allergen testing market. Companies such as 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.), Mérieux  Nutri Sciences Corporation (U.S.), Asure Quality Ltd. (New Zealand), Microbac Laboratories Inc. (U.S.), Romer Labs Diagnostic GmbH (Austria) have been profiled in this 335 pages research report available at  http://www.reportsnreports.com/contacts/requestsample.aspx?name=875188 .

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2017

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Non-Alcoholic Beverages, Organic Food, Green Technology



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