|05-15-2019 01:41 PM CET - Health & Medicine||
Food Safety Testing Market In 2019 With Competitors Like Eurofins, AsureQuality, ALS, Intertek, Bureau Veritas, TÜV SÜD, LabCorp, Bio-Rad Laboratories, Mérieux NutriSciences, TÜV NORD GROUP, Accugen Laboratories, Inc , Microbac Laboratories
Press release from: Data Bridge Market Research
Food safety testing market research analysis is one of the finest options to resolve business challenges quickly by saving lot of time. The research work, market insights and analysis is carried out thoroughly in this report that puts forth marketplace clearly into the centre of attention. A transparent research method has been accomplished with the right tools and techniques to make this food safety testing market research report world-class. This food safety testing report gives an actionable market insight to the clients with which sustainable and profitable business strategies can be created. Analysis and discussion of important industry trends, market size, sales volume, and market share are also estimated in the report.
Competitive analysis conducted in this food safety testing report puts light on the moves of the key players in the industry such as new product launches, expansions, agreements, joint ventures, partnerships, and recent acquisitions. The report puts forth an array of market insights which help with the more precise understanding of the market landscape, issues that may impose on the industry in the future, and how to position specific brands in the best way. The report offers food safety testing market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer preferences and buying patterns, market demand and supply scenarios.
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Increasing demand of accurate and efficient detection of pathogen to keep the food safe at every stage of the supply chain which includes procurement of raw materials, processing and packaging of the food products has resulted in growth of the food safety testing market. The report includes market shares of food safety testing market for global, Europe, North America, Asia Pacific and South America. Some of the major players operating in food safety testing market are
· SGS SA
· Bureau Veritas S.A.
· Intertek Group PLC
· Eurofins Scientific
· TUV Süd AG
· ALS Limited
· TUV Nord Group
· Asurequality Ltd.
· Laboratory Corporation of America Holdings
· Mérieux Nutrisciences
· Genetic ID NA, Inc.
· Microbac Laboratories
· Bio-Rad Laboratories, Inc.
· Accugen laboratories
· Adpen laboratories
· Aegis food testing laboratories
· Campden bri
· Genevac ltd among others.
Major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. During the forecast period of 2018 to 2025, food safety testing market is highly fragmented and is based on new product launches and clinical results of products.
The major factors contributing to the growth of the market includes factors such as rising outbreak of food borne illness, stringent regulations imposed in food industry, increased globalization of food trade, advancements in technology, rising demand of convenience and packaged food products and augmented incidences of outbreaks of chemical contamination in food processing. On the other hand, lack of infrastructure for food control may hinder the growth of the market.
The food safety testing market accounted to 12.8 billion in 2017 growing at a CAGR of 7.8%. The Food Safety Testing Market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Market Segmentation: Global Food Safety Testing Market
· By target the market for food safety testing market is segmented into
• Toxins and others
· The pathogens segment is sub-segmented into E.Coli, Salmonella, Campylobacter, Listeria, and others.
· By technology the market for food safety testing market is segmented into
· By food testing categories segment the food safety testing market is segmented into
• Processed foods
• Meat & poultry
• Dairy products
• Fruits & vegetables
• Grains & cereals
• Seafood, and others
· On the basis of geography, food safety testing market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
Some of the major countries covered in this report are
· South Korea
· Saudi Arabia
· South Africa
· Brazil among others.
In 2017, North America is expected to dominate the market.
Major Market Drivers and Restraints:
· Rising outbreaks of foodborne illness
· Stringent regulations imposed in the food industry
· Advancements in the technology of food safety testing techniques
· Lack of standardization in sample collection
· Lengthy and complex process of testing methods
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