Food Safety Testing Equipment And Consumable Market to rise at CAGR of 7.0% by 2024

According to the global Food Safety Testing Equipment And Consumable Market report published by Value Market Research, the market is expected to touch USD 4,020.0 Million by 2024, with a CAGR of 7.0% growing from USD 2,525.8 Million in 2017. This is a tailored made research service providing informative data and various critical aspects of the market such as market outlook, market share, growth, and trends. Further, the report also offers evidence-based information that helps to transform clients business and achieve their business goals. Moreover, the report also highlights the key strategy of top players. Additionally, this report covers a wide spectrum of services such as the latest technology trend, market opportunity analysis, and competitive landscape.

The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the food safety testing equipment and consumable market includes 3M Company, Agilent Technologies, Inc., AMETEK, Inc., BioMerieux SA, Bio-Rad Laboratories, Inc., Bruker Corporation, Charm Sciences, Inc., Danaher Corporation, E. I. du Pont de Nemours and Company, ELISA Technologies, Inc., Foss A/S, Idexx Laboratories, Inc., Neogen Corporation, Perkin Elmer, Inc., Qiagen N.V, Roka Bioscience, Shimadzu Corporation, Thermo Fisher Scientific, Inc., and Waters Corporation. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.

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Market Dynamics

Growing number of outbreaks of diseases caused by food contamination and increasing emphasis on food safety test is the major driving factor for food safety testing equipment and consumables market. Consistent growth across food and beverage industry to meet the consumers’ expectation is likely to fuel the market growth in upcoming years. In addition, expansion of the dairy industry is directly leading to food pathogen testing demand. Advancement in milk processing techniques coupled with stringent government norms regarding food safety is presumed to propel industry growth. Stringent regulations on the quality of convenient and packaged food products are further supporting the market growth. However, lack of global uniform regulatory guidelines may hamper the market growth.

This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of food safety testing equipment and consumable.

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Market Segmentation

The broad food safety testing equipment and consumable market have been sub-grouped into type, contaminant type, and food type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.

By Type
• Chromatography Systems
• Mass Spectrometry Systems
• Polymerase Chain Reaction (PCR) Equipment
• Immunoassay Systems
• Hybrid Systems
• Nuclear Magnetic Resonance (NMR) Systems
• Flow Cytometry Systems
• Others

By Contaminant Type
• Microbiological Analysis
• Allergens Analysis
• Pesticides and Fertilizers
• Drugs and Antibiotics
• Natural Toxins Analysis
• GMO Testing
• Others

By Food Type
• Milk and Dairy Products
• Grains
• Fruits & Vegetables
• Processed Food
• Meat & Poultry
• Sea Food
• Cereals & Nuts
• Beverages
• Others

Regional Analysis

Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for food safety testing equipment and consumable in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.

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This release was published on openPR.