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Food Safety Testing Market by Contaminant, Food Tested and Technology - Global Opportunity Analysis and Industry Forecast 2018-2025

09-27-2018 10:32 PM CET | Health & Medicine

Press release from: Allied Market Research

Food Safety Testing Market - Allied Market Research

Food Safety Testing Market - Allied Market Research

The global food safety testing market size was valued at $13,144 million in 2017 and is estimated to reach $23,204 million by 2025, registering a CAGR of 7.3% from 2018 to 2025. In 2017, the polymerase chain reaction (PCR) technology segment accounted nearly half of the total food safety testing market share.

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Food fraud is committed when food is deliberately altered for financial gains with the intention of deceiving consumers. The food standards agency (FSA) specifies two main types of food frauds namely, the sale of food that is unfit and potentially harmful and deliberate misdescription of food.

Increase in economically motivated adulteration (EMA), owing to high competition and rise in the incidence of food frauds globally, is the prime factor that is expected to boost the growth of the global food safety testing market during the forecast period.

Various regulations on food safety particularly in the developed economies, growth in instances of food fraud, and rise in economically motivated adulterations (EMAs), owing to high competition among food producers, drive the food safety testing market.

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However, the high cost of food safety testing, lack of food control infrastructure in the developing economies, complexity in testing techniques, and lack of harmonization of regulations are expected to hamper the food safety testing industry growth.

In 2017, the processed food segment was the leading revenue contributor to the global food safety testing market. The processed food segment includes numerous processed products, such as infant formula, packaged food, wine, bakery & confectionery, and other processed food products; hence, there is a large possibility of food adulteration.

Analyst Review

Rising economically motivated adulteration (EMA), owing to high competition and rise in incidence of food frauds globally, is the prime factor that is expected to boost the growth of the global food safety testing market during the forecast period. In addition, growing demand for processed foods among millennials further fosters the growth of the market.

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About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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