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Global Food Safety Testing Market Set to Hit USD 11.5 Bn by 2025 | SGS, Eurofins Scientific, Intertek Group, Bureau Veritas, ALS Limited, Mérieux NutriSciences, TÜV SÜD, TÜV Nord Group, AsureQuality, Microbac Laboratories, Genetic ID NA
The food safety testing market is estimated to grow at a CAGR of 7.2% from 2018 to 2025, to reach USD 11.5 billion by 2025. The market is expected to exhibit potential growth due to the recent outbreaks in foodborne diseases and strict regulations by various agencies.The practice of food safety includes safe preparation of food in terms of handling, storage, and preparation, in a manner that averts adulteration. According to a statistics published by The World Health Organization in 2017, one out of 10 people suffers from diseases due to the consumption of contaminated food. This outbreak of foodborne diseases claims 420,000 lives per year.
Browse detials of 164 pages research report developed on Global Food Safety Testing Market @ https://www.researchcosmos.com/reports/food-safety-testing-market-by-contaminants-pathogens-toxins-gmos-and-others-by-food-type-dair/76607085
Foodborne Pathogens Drive Demand for Food Safety Testing
The testing for pathogens occupied the largest market share in 2017, in terms of value. Major pathogens that are tested include Listeria, E. coli, Campylobacter, and Salmonella. The rise in the incidence of these foodborne pathogens drives the demand for testing. The Centre for Disease Control also determined that one in six people fall ill due to the consumption of contaminated food. These incidents have helped in raising consumer awareness towards the presence of contaminants and its preventive measures.
Rising consumer awareness towards the use of GMOs in food and its public backlash has led to an increase in GMO testing. Companies such as Genetic ID are solely focusing their efforts on specialized GMO testing, which is the fastest growing segment in food testing.
Rapid Technology Reduces Turnaround Time to Enhance Precision
The testing procedures have witnessed a gradual increase in the use of rapid technology as against traditional technology. Integration of cloud-based systems and databases help systems in cross-checking results to provide better accuracy to the users. Manufacturers of rapid systems are investing in the development of newer forms of diagnostic kits, which will reduce turnaround times while also increasing testing accuracy to suit the needs of the client.
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Asia-Pacific Region to Attain Fastest Growth
The North American region holds the largest share in the food safety testing market. The technologically advanced countries of the U.S. and Canada are expected to be dominant due to the stringent regulations enforced by the USFDA and the Canadian Food Administration. The USA has suffered from multiple outbreaks of salmonella and E. coli over the years, and the demand for testing is expected to rise over the forecast period to curb future outbreaks.
The Asia-Pacific region is expected to achieve the fastest growth in the food testing market. Increasing the presence of major players in the region and investment in rapid technologies has helped in improving testing facilities. Rising export commitments to Europe and North America that have stringent regulations has led to additional testing procedures being carried out in the Asia-Pacific region. Rising consumer awareness towards food testing in the region is also expected to fuel demand during the forecast period.
The report includes a comprehensive study of the food safety testing market, including the developments, strategies, and outlook. The profiles of leading companies such as SGS SA, Eurofins Scientific, Intertek Group, Bureau Veritas, ALS, TÜV SÜD, AsureQuality , Microbac Laboratories, and Genetic ID NA are included along with their service portfolio.
Inquire more about the report @ https://www.researchcosmos.com/inquire/food-safety-testing-market-by-contaminants-pathogens-toxin/76607085
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