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Food Safety Testing Market Growing With 7.5% CAGR and Report Forecasting Regional Analysis With Players Like Bureau Veritas, Bio-Rad Laboratories, ALS Limited, Accugen and More

07-02-2018 03:29 PM CET | Health & Medicine

Press release from: Data Bridge Market Research

Food Safety Testing Market

Food Safety Testing Market

The food safety testing market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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.

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Global Industry Segmentation:

The major factors contributing to the growth of the food safety testing 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.

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

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

• SGS SA
• Eurofins Scientific
• Bureau Veritas
• Bio-Rad Laboratories, Inc.
• ALS Limited
• Accugen Laboratories, Inc.
• ADPEN Laboratories Inc.
• AsureQuality
• Genetic ID NA, Inc
• Intertek Group plc
• LabCorp
• Mérieux NutriSciences
• Microbac Laboratories, Inc.
• TÜV NORD GROUP
• TÜV SÜD

North America Industry Segmentation
North America food safety testing market is expected to reach USD 9,653.63 million by 2025 from USD 5,512.32 million in 2017, at a CAGR of 7.5% in the forecast period 2018 to 2025.

By Testing Type: Pathogen segment is estimated to rule with 69.2% shares and will cross USD 6,656.38 million by 2025, rising at the CAGR of 7.4%. However, GMO is expected to grow at the highest CAGR of 8.3% in the forecast period, and is expected to reach USD 1,443.82 million in 2025 from USD 775.29 million in 2017.

By Technology: Polymerase chain reaction segment is valued to rule with 38.4% shares and will cross USD 4,000.07 million by 2025, rising at the highest CAGR of 8.7%. Chromatography is sub segmented into liquid chromatography, gas chromatography, thin layer chromatography, paper chromatography and column chromatography.

By Food Category: Meat and poultry segment is projected to rule with 28.0% shares and will cross USD 2,774.83 million by 2025, rising at the CAGR of 7.9%. However, fruits and vegetables is expected to grow at the highest CAGR of 8.5% in the forecast period, and is expected to reach USD 2,397.38 million in 2025 from USD 1,271.39 million in 2017.

By Contaminants: Salmonella segment is likely to rule with 27.6% shares and will cross USD 2,789.75 million by 2025, rising at the maximum CAGR of 8.2%. Each contaminant is sub segmented into different food category such as processed foods, meat and poultry, dairy products, fruits and vegetables, grains and cereals, seafood and others.

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Europe Industry Segmentation

Europe food safety testing market is expected to reach USD 6,529.99 million by 2025 from USD 3,853.52 million in 2017, at a CAGR of 7.1% in the forecast period 2018 to 2025.

By Testing Type: Pathogen segment is estimated to rule with 71.7% shares and will cross USD 4,690.06 million by 2025, rising at the CAGR of 7.1%. However, GMO is expected to grow at the highest CAGR of 7.7% in the forecast period, and is expected to reach USD 920.45 million in 2025 from USD 516.22 million in 2017.

By Technology: Polymerase chain reaction segment is valued to rule with 42.9% shares and will cross USD 2,995.72 million by 2025, rising at the highest CAGR of 8.1%. Chromatography is sub segmented into liquid chromatography, gas chromatography, thin layer chromatography, paper chromatography and column chromatography.

By Food Category: Meat and poultry segment is projected to rule with 31.9% shares and will cross USD 2,090.78 million by 2025, rising at the CAGR of 7.1%. However, fruits and vegetables is expected to grow at the highest CAGR of 7.8% in the forecast period, and is expected to reach USD 1,549.22 million in 2025 from USD 863.03 million in 2017.

By Contaminants: Salmonella segment is likely to rule with 30.9% shares and will cross USD 2,103.16 million by 2025, rising at the maximum CAGR of 7.7%. Each contaminant is sub segmented into different food category such as processed foods, meat and poultry, dairy products, fruits and vegetables, grains and cereals, seafood and others.

Asia-Pacific Industry Segmentation

Asia-Pacific food safety testing market is expected to reach USD 5,109.05 million by 2025 from USD 2,717.88 million in 2017, at the highest CAGR of 8.5% in the forecast period 2018 to 2025.

By Testing Type: Pathogen segment is estimated to rule with 72.4% shares and will cross USD 3,686.48 million by 2025, rising at the CAGR of 8.4%. However, GMO is expected to grow at the highest CAGR of 9.0% in the forecast period, and is expected to reach USD 705.11 million in 2025 from USD 359.54 million in 2017.

By Technology: Polymerase chain reaction segment is expected to rule with 44.4% shares and will cross USD 2,370.54 million by 2025, rising at the highest CAGR of 9.1%. Chromatography is sub segmented into liquid chromatography, gas chromatography, thin layer chromatography, paper chromatography and column chromatography.

By Food Category: Meat and poultry segment is projected to rule with 33.4% shares and will cross USD 1,716.92 million by 2025, rising at the highest CAGR of 8.5%.

By Contaminants: Salmonella segment is likely to rule with 32.2% shares and will cross USD 1,714.87 million by 2025, rising at the maximum CAGR of 9.1%. Each contaminant is sub segmented into different food category such as processed foods, meat and poultry, dairy products, fruits and vegetables, grains and cereals, seafood and others.

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