Press release
Food Safety and Hygiene Compliance Market Revenue to Record Stellar Growth Rate During Forecast Period (2020 - 2027)
"The global food safety and hygiene compliance market is accounted to US$ 9.1 Bn in 2018 and is expected to grow at a CAGR of 6.0% during the forecast period 2020 - 2027, to account to US$ 15.3 Bn by 2027."Europe is anticipated to be the fastest growing market and North America is to be the highest revenue contributor throughout the forecast period. Amendments in food safety compliances and demand for frozen, processed foods in the food safety and hygiene compliance market are the major factor driving the food safety and hygiene compliance market Moreover, The European Food Safety Authority (EFSA) is projected to list down the criteria for further pathogens in the future.
The synchronized EU control system is applied to all the EU member countries. Health protection is a motive of all the EU laws and rules in the agriculture, food production, and animal husbandry sectors. Moreover, food hygiene legislation is mandatory to be followed by varied food & beverage industries. The entire food safety and hygiene compliance market is growing exponentially in which government has made it mandatory for the food operators to comply with all regulations.
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Company Profiles :
o AsureQuality Limited
o Dicentra
o Eurofins Scientific SE
o Intertek Group plc
o Mérieux NutriSciences
o Microbac Laboratories Inc.
o Neogen Corporation
o PathSensors
o rfxcel CORP.
o SafetyChain Software, Inc.
Application Insights
The food safety and hygiene compliance market by end user is segmented into full-service, restaurants, quick service restaurants, grocery/ retailers. With an introduction of advanced technologies such as Bluetooth temperature sensors, optimizing scheduling software, virtual reality onboarding, digital inventory tracking, automated purchasing tool, kiosks, and digital table, are capable of transforming restaurants and its services. The segment is led by full-service restaurants. Highly equipped and featured full-service restaurateurs' looks ahead for POS upgrades such as PCI compliance, inventory management, and monthly software updates.
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Reasons To Buy :
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global food safety and hygiene compliance market
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the global food safety and hygiene compliance market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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About The Insight Partners :
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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