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Analysis COVID 19: Food Contaminant Testing Market Statistical Data, Top Manufacturing Companies, Share, New Techniques and Growing Industry Trends | Thermo Fisher Scientific, Covance, Neogen, SGS SA, ALS Limited, Eurofins Scientific
The global Food Contaminant Testing Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.Food Contaminant Testing Market Overview
Food containment testing is a validation of food products and ingredients for identifying disease-causing chemicals, organisms, and other harmful substances. This testing is done to ensure the safety of food-borne illnesses and also minimizes the risk of contamination. The global food containment testing market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global food containment testing market is expected to witness significant growth during the forecast period, owing to the implementation of stringent food safety regulations.
Food Contaminant Testing Market Drivers
Increasing outbreak of food-borne illnesses is expected to drive the growth of the global food containment testing market during the forecast period. According to the World Health Organization (WHO), around 600 million cases of foodborne diseases and 420,000 deaths are recorded each year globally. According to the same source, 30% of foodborne deaths occur in children aged 5 years and below. According to the Centers for Disease Control and Prevention (CDC), around 48 million people get sick and 3,000 die from foodborne diseases each year in the U.S. CDC also believes determining the sources of foodborne diseases is a critical step in developing prevention measures. Food containment testing can play a vital role in averting such cases. Hence, these factors are expected to drive growth of the global food containment testing market during the forecast period. Moreover, the implementation of stringent food safety regulations is expected to boost the global food containment testing market growth over the forecast period.
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Market Restraint
Lack of adequate infrastructure in emerging economies combined with lack of awareness of food safety regulations is expected to hinder the global food containment testing market growth over the forecast period.
Regional Insights
Among regions, Europe is expected to witness significant growth in the global food containment testing market during the forecast period. This is owing to high prevalence of food-related allergies among consumers in the region. Furthermore, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to rapid economic development and improvement in the standard of living in the region.
Competitive Section
-- Major companies involved in the global food containment testing market are Thermo Fisher Scientific, Dairy Technical Services, Covance, Bio-Rad Laboratories, Neogen, AsureQuality, ALS Limited, Merieux NutriSciences, Eurofins Scientific, Silliker, IDEXX Laboratories, Microbac Laboratories, and QIAGEN.
-- For instance, in April 2019, Thermo Fisher Scientific, in collaboration with the Food Safety and Standards Authority of India (FSSAI), inaugurated a new Food Safety Customer Solution Center in Delhi, India.
The Food Contaminant Testing Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Food Contaminant Testing Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
Thermo Fisher Scientific
Covance
Neogen
SGS SA
ALS Limited
Eurofins Scientific
IDEXX Laboratories
Intertek Group
Bureau Veritas
Microbac Laboratories
QIAGEN
Silliker
Merieux NutriSciences
TUV SUD
AsureQuality
Bio-Rad Laboratories
Dairy Technical Services
By the Product Type, the market is primarily segmented into:
Pathogens Testing
Pesticides Testing
GMO Testing
Toxins Testing
Other
By Applications, the market is segmented into:
Meat & Poultry
Dairy
Processed Foods
Fruits & Vegetables
Other
Our Study Report Offers:
• Market share analysis for the regional and country-level segments.
• Food Contaminant Testing Market share analysis of the best business players.
• Strategic proposal for the new entrants.
• Market forecasts for the next five years of all the mentioned segments, sub-segments and conjointly the regional markets.
• Market Opportunities, Trends, Constraints, Threats, Challenges, Drivers, Investment and suggestions.
• Strategic steerage in key business segments supported the market estimations.
• Competitive landscaping mapping the key common trends.
• Company identification with careful methods, financials, and up so far developments.
• Provide chain trends mapping the foremost recent technological advancements.
The report’s conclusion reveals the overall scope of the Global Food Contaminant Testing Market in terms of feasibility of investments in the various segments of the market, along with a descriptive passage that outlines the feasibility of new projects that might succeed in the market in the near future.
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