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Food Safety Testing Market by 2025: Processed Food Segment to Continue Maintaining its Lion's Share Through 2025

02-22-2019 06:41 PM CET | Energy & Environment

Press release from: Allied Market Research

Food Safety Testing Market by 2025: Processed Food Segment

Increasing cases of foodborne illnesses due to food contamination and rising consumer inclination toward better quality & safe food are expected to fuel the demand for pathogen testing in the global food safety testing market by the end of forecast period. According to the report, the global food safety testing market was valued at $13.14 billion in 2017 and is estimated to reach $23.20 billion by 2025, registering a CAGR of 7.3% from 2018 to 2025.

Increase in economically motivated adulterations (EMA) due to high competition and rise in incidence of food frauds as well as various regulations on food safety especially in the developed economies are identified as the key factors responsible for the robust growth of the food safety testing market. However, 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 hinder the growth of the market. Furthermore, improving stringency of food safety regulations and trend of globalization in food supply trade are expected to provide lucrative opportunities to the market players in future.

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Chemicals & toxins to take over pathogens by 2025

The report segments the market based on contaminant into pathogens, genetically modified organisms (GMO), chemicals & toxins, and others. The pathogens segment held about 42% of the total market share in 2017 and is projected to maintain its lead position through 2025, which is followed by the genetically modified organisms (GMO) segment. However, the chemicals & toxins segment is estimated to grow at the fastest CAGR of 8.10% during the forecast period.

Processed food segment to continue maintaining its lion's share through 2025

Based on the food tested, the report segments the global market into meat & meat products, dairy & dairy products, cereals, grains & pulses, processed food, and other ingredients. The processed food segment contributed about one-third share of the total market in 2017 and would continue to maintain its dominance through 2025. In terms of growth, the meat & meat products segment is likely to grow at the fastest CAGR of 7.90%, making it a profitable area for industry players.

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PCR-based assay to contribute nearly half of the market share

The technologies discussed in the report include agar culturing, PCR-based assay, immunoassay-based, and others. The PCR-based assay segment contributed nearly half of the overall market share in 2017 and is expected to maintain its lead position through 2025, contributing a revenue of $11,487 million.

Frontrunners of the global industry

The market players analyzed in the study include SGS SA, Eurofins scientific, Intertek Group Plc., Bureau Veritas SA, ALS limited, TUV SUD, AsureQuality Ltd., DNV GL, Bio-Rad Laboratories, and Laboratory Corporation of America Holdings. Furthermore, the report includes strategies, such as partnerships, new product launches, mergers & acquisitions, collaborations, and others, which have been adopted by market players to gain a strong foothold in the industry.

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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