COVID-19 Impact on Food Safety Testing Market 2019-2021: Eurofins, SGS, Intertek, Bureau Veritas, TUV SUD and Others.

According to Market Study Report, Food Safety Testing Market provides a comprehensive analysis of the Food Safety Testing Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Food Safety Testing Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Realistic COVID-19 impact on the Global Food Safety Testing Market is estimated to be valued at USD 10.5 Billion in 2020 and is projected to reach USD 12.3 Billion by 2021, recording a CAGR of 16.6%. This report spread across 86 pages, profiling 05 companies and supported with 51 tables and 25 figures are now available in this research.

Top Key Players Profiled in the Food Safety Testing Market:
o Eurofins (Luxembourg)
o SGS (Switzerland)
o Intertek (UK)
o Bureau Veritas (France)
o TUV SUD (Germany)

"By testing technologies, the DNA-based segment accounted for the larger share in 2019."
The DNA-based segment accounted for a majority share in the food safety testing market. DNA-based technology is used to manufacture multiple copies of genetic materials of microorganisms. This helps in testing the contamination of food products in less duration of time. Due to its ability to test multiple targets simultaneously, it is an effective technology resulting in the segment accounting for a significant share in the food safety testing industry.

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"By targets tested, the pathogen segment in the impact of COVID-19 on food safety testing market is estimated to account for the larger share."
Based on the targets tested, the market is segmented into pathogen, GMO, mycotoxin, and allergen. The pathogen segment is estimated to account for the larger share of the market, because of growing consumer concern towards pathogen outbreaks. The illness triggered by the prevalence of pathogens in food can be range from mild to severe. Hence, the demand for pathogen testing is expected to rise due to the COVID-19 pandemic.

"North America accounted for the largest share of the food safety testing industry, due to the stringent regulations to control the outbreak of food-borne diseases."
The impact of COVID-19 on the food safety testing market in the North American region is driven primarily by growing consumer awareness toward the safety of food products. The region is also among the largest consumers of packaged and processed food. Strong investment in R&D and technological advancements for laboratories and test kits are expected to have a positive impact on the food safety testing industry in North America.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 -45%, Tier 2 -30%,and Tier 3 -25%
o By Designation: C-level - 25%,D-level -40%, and Others*-35%
o By Region: Asia Pacific - 55%, Europe - 20%, North America - 15%,and RoW**- 10%

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Research Coverage:
This report segments the impact of COVID-19 on the food safety testing market, based on testing technologies, targets tested, and region. In terms of insights, this research report focuses on various levels of analyses--competitive landscape, end-use analysis, and company profiles--which together comprise and discuss the basic views on the emerging & high-growth segments of the food safety testing industry, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.

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This release was published on openPR.