Tuesday, 10 July 2018

Food Safety Testing Market to Cross the $15 Billion Mark By 2024

Food Safety Testing Market 2018-2024:This research reviews the overall food safety testing industry, which according to a report by Global Market Insights, Inc., is growing at more than 7% CAGR during 2016 and 2024 to hit the $15bn revenue mark.
Growth Drivers:
  • Increasing customer expectations in terms of quality.
  • Increasing safety regulations owing to number of cases regarding food poisoning.
  • Improvement in milk processing technologies and strict safety norms by the government.
  • Advancement in contaminant detection methods including polymerase chain reaction and immunomagnetic separation.
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Segmentations covered under Food Safety Testing Market Report:
Based on Contaminant:
Pathogens (Salmonela, Listeria, E.Coli, Campylobactor, & Others), Pesticides, GMOs, Toxins and Others (food allergens, chemical residues)
Based on Technology:
Traditional, Rapid (Convenience, PCR, Immunoassay, & Other rapid methods)
Based on Food:
Meat & Poultry, Dairy Products, Processed Food, Fruits & Vegetables, and Others (cereals, raw food materials)

Key Data Points from Food Safety Testing Market Analysis:
Stringent regulatory compliances from FDA and REACH owing to growing food borne diseases outbreaks are driving global food safety testing market size growth.
Salmonella, campylobacter, E. Coli, Listeria are major reported pathogens for disease outbreaks.
Rapid technology market will generate over USD 7 billion business by 2024.
Immunoassay, PCR-based techniques, ELISA, rapid culture detection, and biosensors are key featured rapid technologies.
China is set to observe over 11% growth, rising regulatory codes pertaining to product importation in Europe and North America will drive regional demand.
Regional Data Coverage under Food Safety Testing Market:
  1. North America (U.S., Canada, & Mexico)
  2. Asia Pacific (China, Japan, India, Australia, Thailand, & Malaysia)
  3. Europe (UK, Germany, France, Italy, & Poland)
  4. Latin America (Brazil, & Argentina)
  5. Middle East & Africa (Saudi Arabia, UAE, & South Africa)
Key Company Profiled in this Research Report:
Adpen Laboratories, Accugen Laboratories, Aegis Food Testing Laboratories, ALS Limited, Avomeen Analytical Services, Asurequality Limited, Bureau Veritas SA, Bio-Rad Laboratories, Campden Bri, Emsl Analytical Inc, Det Norske Veritas As (DNV), Eurofins Central Analytical Laboratories Inc, Genevac Ltd, Food Hygiene & Health Laboratory, Genon Laboratories Ltd, IFP Institut Für Produktqualität Gmbh, Idexx Laboratories Inc., ILS Limited, Lloyd’s Register Quality Assurance Limited, & Intertek Group PLC.
Key Chapters Covered:
  • Executive Summary
  • Food Safety Testing Industry Insights
  • Food Safety Testing Market (Contaminant)
  • Food Safety Testing Market (Technology)
  • Food Safety Testing Market (Food)
  • Food Safety Testing Market (Region)
  • Company Profiles and others

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