Press release
Global Food Safety Testing Market, Forecast to 2025
Food Safety Testing
Food Safety Testing Market By Contaminant (Pathogens, GMO, Chemical, Toxins), By End Use (Food, Agriculture, Environment), By Technology And By Region - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2015-2025
In this report, the Global Food Safety Testing market was valued at USD 12.0 Billion in 2015, and is projected to reach USD 23.5 billion by 2025, growing at a CAGR of 7% over the forecast period.
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"Food Safety Testing Market ", provides extensive insight and analysis of the Food Safety Testing Market over the next eight years (2015-2025) and acts as a vital point of reference for operators or suppliers.
Increasing incidences of contamination in food safety has propelled the demand for food safety by food manufacturers. Moreover, high awareness pertaining to food-borne diseases caused by food contamination has rendered food safety testing a necessity for the food manufacturers thereby augmenting the sales of this service. Advent of advanced techniques and more sophisticated equipment employed for food safety testing is also expected to gain traction in sales of tested food products for the past few years and continues to show promising prospects for future growth.
The government of various countries has introduced stringent food safety laws mandating the quality of food product, which is expected to impact the industry positively. Additionally, global expansion of food and beverages industry, compounded growing food service industry is another factor fueling the market growth. However, lack of proper administration of food infrastructure could impact the market negatively.
The North American region is estimated to dominate the food safety testing market which can be attributed to the increase in outbreaks of foodborne illnesses, stringent government regulations pertaining to food safety, presence of a number of major players in the industry and incessant growth of population in the region.
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