Food Safety Testing Market to Reflect Impressive Growth Rate of 7.5% by 2025 | Top Key Players (SGS SA, Eurofins Scientific, Bureau Veritas, Bio-Rad Lab, ALS)

Marketprognosis.com Publish a New Market Research Report On “Global Food Safety Testing Market Analysis, Companies Profiles, Size, Share, Growth, Trends and Forecast to 2025” which contains global key player’s survey information and forecast to 2025.

Overview of the Global Food Safety Testing Market:

The Global Food Safety Testing Market is expected to reach USD 22,327.02 Million by 2025 from USD 12,760.00 Million in 2017, at a CAGR of 7.5% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

The major factors contributing to the growth of the market includes factors such as rising outbreak of food borne illness, stringent regulations imposed in food industry, increased globalization of food trade, advancements in technology, rising demand of convenience and packaged food products and augmented incidences of outbreaks of chemical contamination in food processing. On the other hand, lack of infrastructure for food control may hinder the growth of the market.

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The key market players for global food safety testing market are listed below:

1 SGS SA

2 Eurofins Scientific

3 Bureau Veritas

4 Bio-Rad Laboratories, Inc.

5 ALS Limited

6 Accugen Laboratories, Inc.

7 ADPEN Laboratories Inc. and More……………

The market is further segmented into: Testing Type, Technology, Food Category and Contaminants

The Global Food Safety Testing Market is segmented based on Testing Type into five notable segments; Pathogens, Pesticides, GMO, Toxins and others. In 2018, Pathogen segment is estimated to rule with 70.8% shares and will cross USD 15,788.68 million by 2025, rising at the CAGR of 7.5%. However, GMO is expected to grow at the highest CAGR of 8.2% in the forecast period, and is expected to reach USD 3,211.09 million in 2025 from USD 1,740.68 million in 2017.

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The Global Food Safety Testing Market is segmented based on Technology into nine notable segments; Polymerase Chain Reaction, Immunoassay, Chromatography, Enzyme Linked Immunosorbent Assay, Biochip or Biosensor, Flow Cytometry, Microarrays, Rapid Assay and others. In 2018, Polymerase Chain Reaction segment is valued to rule with 41.6% shares and will cross USD 9,889.68 million by 2025, rising at the highest CAGR of 8.5%.

The Global Food Safety Testing Market is segmented based on Food Categories into seven notable segments; Processed Foods, Meat and Poultry, Dairy Products, Fruits and Vegetables, Grains and Cereals, Seafood and others. In 2018, meat and poultry segment is projected to rule with 30.7% shares and will cross USD 6,953.70 million by 2025, rising at the CAGR of 7.7%. However, fruits and vegetables is expected to grow at the highest CAGR of 8.4% in the forecast period, and is expected to reach USD 5,384.20 million in 2025 from USD 2,883.12 million in 2017.

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The Global Food Safety Testing Market is segmented based on Contaminants into six notable segments; Salmonella, Escherichia Coli, Pseudomonas, Bacillus, Moulds and others. In 2018, Salmonella segment is likely to rule with 29.9% shares and will cross USD 6,980.73 million by 2025, rising at the maximum CAGR of 8.2%.

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This release was published on openPR.