Food Safety Testing Market significant CAGR during 2017-2025 : Eurofins Laboratories, Idexx Laboratories, ALS Laboratory, and Bio-Rad Laboratories

TMR Research has recently added a report to its repository, titled, “Food Safety Testing Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025.” It throws light on the various aspects of the market and tries to gauge how it plays a pivotal role in the food and beverage industry.

Food safety – both of processed and canned foods – is absolutely necessary to make them fit for human consumption. The entry of chemicals or contaminants at any stage of the food value chain right from getting raw materials to manufacturing to the point when it has reached consumers can cause food poisoning. This has necessitated food safety testing to check for such toxins.

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Serving to catalyze rapid growth in the global market for food safety testing, finds the report, is the array of food available in the market, prompting regulatory bodies to keep a tab on their quality. Another factor serving to boost the market is the pathogen outbreaks resulting from food poisoning. A flourishing food and beverage industry, which is increasingly shipping food products across long distances, makes the products highly susceptible to pathogenic contamination. This has not just led to the emergence of innovative food packaging methods to dramatically reduce interaction of the food with its environment, but also food safety testing market to ensure the product is fit for consumption.

Apart from that, the rising crop of discerning consumers has also led to the bolstering of the food safety testing market. In addition, with increasing spending capacity of people worldwide, the food and beverage industry –especially processed foods, ready-to-eat-meals, bakery, canned foods, and infant diets – has received a major fillip. These type of foods have high chances of contamination on account of being under-cooked, not handled properly, or due to improper storage. Hence food safety testing becomes necessary for them.

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From a geographical standpoint, North America and Europe are prominent regions in the global market for food safety testing and in the years ahead too will likely retain their positions. This is because of rapid proliferation of the processed food industry in the two regions owing to due to the presence of a sizeable affluent urban population. In fact, the U.S. is the main contributor to the market in North America because of the tremendous popularity of junk food, along with the soaring sales of exotic fruits, which requires international shipping.

Similarly, the market in Europe for food safety testing is being primarily powered by the U.K. and Germany. In the U.K., many suffer from contaminant illnesses and many others need to be hospitalized on account of foodborne illness annually. Efforts both by the governments and the consumers to contain such outbreaks are said to be promoting the market in the region. Overall, in the two developed continents of Europe and North America, the FDA and EU compliances provide consumers with the authority to trace the value chain of products, which in turn is proving beneficial to the market.

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In order to stay ahead of their competitors in the global market for food safety testing, keen players are banking upon expansion of capacities and strategic mergers and acquisitions. Overall the market is characterized by moderate to high degree of competition because of the presence of numerous large and small firms. Some of the leading players in this market include Eurofins Laboratories, ALS Laboratory, Bio-Rad Laboratories, and Idexx Laboratories.

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This release was published on openPR.