“Food Safety testing market projected to grow at a CAGR of 7.4%”
The global food safety testing market has grown exponentially in the last few years. The market size is projected to reach USD 17.16 Billion by 2021, at a CAGR of around 7.4% from 2016. Increase in outbreaks of foodborne illnesses, globally; implementation of stringent food safety regulations; and globalization of food supply are the major driving factors for the market.
“GMOs is projected to be the fastest-growing segment of contaminant that is tested for through 2021”
The GMOs segment is projected to grow at the highest CAGR during the forecast period due to the evolution in farming technology, diverse GM processed food manufacturing, and high investment in biotech R&D. The requirement to monitor and verify the presence and the amount of GMOs among agricultural crops and in products derived thereof has generated a demand for testing methods that are capable of detecting, identifying, and quantifying either the DNA introduced or the protein expressed in GM plants.
Complete report on Food Safety Testing Market spread across 225 pages, profiling 10 companies and supported with 91 tables and 70 figures is now available at http://www.rnrmarketresearch.com/food-safety-testing-market-by-contaminants-pathogen-gmo-toxin-pesticide-others-technology-traditional-rapid-food-types-meat-poultry-dairy-fruit-vegetable-processed-food-others-market-report.html
“Rapid technology led the market in 2015”
Rapid technology accounted for the largest share of the food safety testing market in 2015. The importance of this technology is increasing due to its quick, accurate, and easy-to-use characteristics. The stakeholders demand new and emerging technologies for analytical testing and ensure certification denoting the high quality of their products. This has been driving the market for rapid technology in food safety testing.
“North America led the market with the largest share in 2015”
North America was the largest food safety testing market in 2015. Governing organizations are present in the market and have enforced various food safety testing policies. The Asia-Pacific market is projected to be the fastest-growing market during the forecast period.
Asia-Pacific is projected to grow at the highest CAGR during the forecast period. The growth in the region is driven by various rules and regulations implemented by different countries in the region. Food security standards are getting stringent year-on-year so as to ensure safer supply of food to individuals in the domestic market and foreign countries.
Lack of food control infrastructure & resources in developing countries and lack of awareness regarding food safety regulations among food manufacturers are restraints for the food safety testing market players.
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The food safety testing market is characterized by high to moderate competition, due to the presence of a number of large- and small-scale firms. Acquisitions, and expansions are the key strategies adopted by market players to ensure their growth in the market. Players such as Eurofins Scientific SE (Luxembourg), Silliker Inc. (U.S.), SGS S.A. (Switzerland), Intertek
The report provides insights on the following pointers:
• Market penetration: Comprehensive information on food safety testing offered by the top players in the global market
• Product development/innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the food safety testing market
• Market development: Comprehensive information about lucrative emerging markets; the report analyzes the markets for food safety testing across regions
• Market diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global food safety testing market
• Competitive assessment: In-depth assessment of market share, strategies, products, and manufacturing capabilities of the leading players in the global food safety testing market
Food Safety Testing Market studied on the basis of Region are as follows : North America, U.S., Canada, Mexico, Europe, Germany, France, U.K., Italy, Poland, Other European Countires, Asia-Pacific, China, India, Japan, Australia, Rest of Asia-Pacific, Brazil, Argentina, South Africa, Others in RoW
Food Safety Testing Market studied on the basis of Contaminant Region are as follows: Pathogens, E.Coli, Salmonella, Campylobacter, Listeria, Pesticides, GMOS, Toxinds and Others
Food Safety Testing Market studied on the basis of Food Tested are as follows: Meat & Poultry, Dairy Products, Fruits & Vegetables, Processed Food, Other Foods Tested
Food Safety Testing Market studied on the basis of Technology are as follows: Traditional Technology, Rapid Technology, Convenience-Based Testing, PCR-Based Testing, Immunoassay-Based Testing, Other Molecular-Based Tests