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Food Safety Testing Market Size & Share to Surpass US$ 34,142.5 Million by 2028, at a 7.4% CAGR, Global Industry Demand, Value & Forecast Exclusive Report by The Insight Partners

10-17-2022 09:29 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

Food Safety Testing Market

Food Safety Testing Market

The Food Safety Testing Market accounted for US$ 20,733.4 million in 2021 and is expected to grow at a CAGR of 7.4% during the forecast period 2021 - 2028, to account for US$ 34,142.5 Million in the year 2028.

Global Food Safety Testing Market is segmented by region into North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America. The North America regional market is expected to grow with CAGR of 7.4% and reach US$ 34,142.5 Million 2028 from US$ 20,733.4 million in 2021.

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Food safety testing is a scientific analysis of a food product and its contents to find information about various characteristics such as physiochemical properties, composition, and structure. The information is used to determine the safety of the product for consumption. The rising prevalence of foodborne illnesses demands food safety testing for all food and beverage products to prevent health hazards, which boosts the growth of the food safety testing market.

The key players profiled in the Food Safety Testing Market research study includes: SGS SA, Eurofins Scientific, Intertek Group Plc, TÜV SÜD, AES Laboratories Pvt. Ltd., TÜV NORD GROUP., Bureau Veritas, ALS Limited, NEOGEN Corporation, and AsureQuality.

As per the data published by the World Health Organization (WHO), the consumption of unsafe food causes 420,000 deaths and 600 million cases of foodborne diseases worldwide each year. Foodborne diseases are preventable; hence, numerous organizations and governments lead coordinated actions to build resilient and robust food safety systems across multiple industries.

The Insight Partners adheres to the codes of practice of the Market Research Society and Strategic and Competitive Intelligence Professionals. The following methodology has been followed for the collection and analysis of data presented in this report:

Coverage:
The objective of updating "The Insight Partners" coverage is to ensure that it represents the most up-to-date vision of the industry possible. The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage. Companies which are making the news, or which are of particular interest due to their innovative approach, are prioritized.

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Secondary Research:
The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information relating to each Market. The secondary research sources that are typically referred to include, but are not limited to:
• Company Websites, Annual Reports, Financial Reports, Broker Reports and Investor Presentations
• Industry Trade Journals and Other Literature
• National Government Documents, Statistical Databases and Market Reports
• News Articles, Press Releases and Web-Casts Specific to the Companies Operating in the Market

NOTE: All the financials considered in Company Profile's section have been standardized to US$. This has been achieved after converting the financials (for those not in US$) with respective currency exchange rates of the particular year.

Impact of COVID-19 Pandemic on Food Safety Testing Market
Consumer awareness is one of the major drivers of the food safety testing market across the world. The COVID-19 outbreak positively impacted the market as consumers and governments are focused on the safety and hygiene of products meant for consumption. All food & beverages sectors face challenges amid the outbreak as the SARS-CoV-2 is highly infectious and could possibly travel through food surfaces. Meat and poultry processing facilities faced distinctive challenges with respect to virus transmission as workers in several facilities across the world were infected.

Primary Research:
"The Insight Partners" conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfils the following functions:
• Provides First-Hand Information on the Market Size, Market Trends, Growth Trends, Competitive Landscape and Future Outlook
• Validates and Strengthens Secondary Research Findings
• Further Develops the Analysis Team's Expertise and Market Understanding

Order a copy of this research Food Safety Testing Market Research Report at - https://bit.ly/3TomtG4

Primary research involves email interactions and telephone interviews for each market, category, segment and sub -segment across geographies. The participants who typically take part in such a process include, but are not limited to:
• Industry Participants: VPs, Business Development Managers, Market Intelligence Managers and National Sales Managers
• Outside Experts: Valuation Experts, Research Analysts and Key Opinion Leaders Specializing in the Industry

Contact US:
If you have any queries about this report or would like further information, please contact us:
North America: +1 646 491 9876
Asia-Pacific: +91 20 6727 8686
Email: sales@theinsightpartners.com

ABOUT US:
The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist 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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