Global Food Safety Testing Market
The global Food Safety Testing market was valued at USD 3.80 billion in 2016 and is projected to reach USD 7.29 billion by 2025, growing at a CAGR of 7.5% from 2017 to 2025.
Food contamination as a trend is increasing rapidly. The faults in existing food checking infrastructure are responsible for these problems. With rising consumer awareness regarding quality of food consumed the usage of Food Safety Testing services is expected to grow rapidly.
1. Market Drivers
1.1 Global increase in outbreaks of foodborne illnesses
1.2 Rising instances of chemical contamination of food products
2. Market Restraints
2.1 Lack of food control infrastructure in developing countries
The global Food Safety Testingmarket is segmented on the target tested, technology, product,and region.
1. By Target Tested:
2. By Technology:
2.2.1 Convenience Based
2.2.3 Polymerase Chain Reaction (PCR)
2.2.4 Chromatography and Spectrometry
3. By Product:
3.1 Infant Food
3.3 Milk and Milk Powder
3.4 Cheese, Butter and Spreads
3.5 Ice Cream and Desserts
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
4. Bureau Veritas
5. TUV SUD
6. ALS Limited
7. TUV Nord Group
8. Laboratory Corporation of America Holdings
10. Genetic ID NA
12. Microbac Laboratories
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Food Safety Testingmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.