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Food Safety Testing Market trends in 2021 - prepare for a year of new opportunities

04-08-2021 09:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Research Dive

Food  Safety Testing Market

Food Safety Testing Market

The global food safety testing market is predicted to witness a tremendous growth in forecast period due to the growing awareness regarding food safety across the globe. Europe region to dominate the global market by the end of 2026.

As per a Research Dive latest report, the global food safety testing market is estimated to generate $32,100.0 million and grow at a CAGR of 7.3% during the forecast period from 2019 to 2026.
Europe food safety testing market is projected to have dominant position throughout the forecast period mainly due to the increasing occurrence of food borne diseases coupled with the growing demand for food testing in the region.

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Key Segment Takeaways of the Market:

The report segments the global food safety testing market into Technology, Type, Contamination, and Region.

• By technology, the overall market is bifurcated into rapid and traditional. Of these, the rapid technology segment is predicted to grow at a significant rate by the end of 2026 owing to growing incidences of food borne diseases.

• By type, the global market is segmented into meat, seafood, poultry, dairy, grain, cereal, processed food, and pulse. Among these, the meat, seafood, and poultry segments are anticipated to witness significant growth during the forecast period mainly because these food products can be simply observed during packaging and processing.

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• By contamination, the global market is classified into toxins, chemicals, pathogens, and others. Among these, the pathogens segment is projected to hold the largest share in the global market over the forecast period mainly due to the ongoing developments in technology.

• By region, the overall industry is divided into Asia Pacific, North America, LAMEA, and Europe. The Asia Pacific and Europe regions are expected to grow at a considerable rate in the forecast period owing to the increasing healthcare expenditure and growing prevalence of monogenetic diseases.

Major Market Players

The prominent players of the global food safety testing market include Bureau Veritas S.A, ALS Limited, DTS Food Laboratories, Covance, Charles River Laboratories International Inc., Genetic ID, and Eurofins Scientific. Further, the report outlines several aspects of all these industry players such as SWOT analysis, recent strategic moves & developments, financial performance, and product portfolio.

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Research Dive
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About Us:
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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