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The Growing Food Testing : report_highlightsing Pathogens, Pesticides and GMOs

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REPORT HIGHLIGHTS

  • Sales in the U.S. of food testing products will increase from $149.5 million in 2000 to $239.4 million in 2005 at an AAGR (average annual growth rate) of 9.9%.
  • The total number of tests for pathogens and pesticides performed in 2000 will be 27.53 million, rising to 34.15 million in 2005.
  • The larger share (82%) will be for tests to detect pathogens. These will rise at an AAGR of 9.4% to $192.5 million in 2005.
  • Sales of pesticide-residue tests will increase at an AAGR of 7.7% from $8.9 million in 2000 to $12.9 million in 2005.
  • The GM testing market, worth $18 million in 2000, is expected to have the fastest growth of 13.6% per year on average.

SUMMARY FIGURE
SALES ESTIMATES AND PROJECTIONS FOR FOOD-TESTING PRODUCTS USED BY FOOD PROCESSORS*, 2000 AND 2005
($ Millions)
Source: BCC, Inc.