Press release
Food Safety Testing Market Growing At a CAGR of 7.3%, Globally, is Projected to Reach $23.20 Billion by 2025
Food Safety Testing Market
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐ง๐ต๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฃ๐๐ ๐ข๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.alliedmarketresearch.com/request-sample/5033
Prime determinants of growth
Implementation of stringent regulations regarding food fraud, increase in economically motivated adulterations (EMA) with intense competition, and rise in incidents of food debasement such as adulterations, presence of harmful chemicals, and certification drive the growth of the global food safety testing market. However, complexity in testing techniques and lack of standardization of regulations restrain the market growth. Contrarily, technological advancements and untapped potential in emerging economies present new opportunities in the coming years.
๐ง๐ผ๐ฝ ๐๐ฒ๐ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐ ๐๐ป๐ฐ๐น๐๐ฑ๐ฒ๐ฑ:
SGS SA
Eurofins Scientific
Intertek Group plc
Bureau Veritas SA
ALS limited
TUV SUD
AsureQuality Ltd.
DNV GL
Bio-Rad Laboratories, and Laboratory Corporation of America Holdings.
๐๐๐ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ (๐ฎ๐ฒ๐ฏ ๐ฃ๐ฎ๐ด๐ฒ๐ ๐ฃ๐๐ ๐๐ถ๐๐ต ๐๐ป๐๐ถ๐ด๐ต๐๐, ๐๐ต๐ฎ๐ฟ๐๐, ๐ง๐ฎ๐ฏ๐น๐ฒ๐, ๐ฎ๐ป๐ฑ ๐๐ถ๐ด๐๐ฟ๐ฒ๐): https://www.alliedmarketresearch.com/checkout-final/982b2cbcc403409f8d81202b6a45d77b
๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐ข๐๐๐น๐ผ๐ผ๐ธ:
North America to maintain its leadership status by 2025
Based on region, North America accounted for the highest share in terms of revenue with more than two-fifths of the global food safety testing market in 2018, and is projected to maintain its leadership status by 2025. This is attributed to implementation of various regulations on food safety and increase in incidents of major food fraud activities. However, Asia-Pacific is projected to portray the highest CAGR of 9.1% during the forecast period. This is due to surge in demand for packaged food in the developing countries that led to need for food safety practices and the consumer awareness about food safety.
๐๐ฒ๐ ๐ณ๐ถ๐ป๐ฑ๐ถ๐ป๐ด๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐๐๐๐ฑ๐
-> In 2017, the pathogen testing segment dominated the global food testing market, and it is likely to maintain its dominance over the forecast period.
-> The processed food segment dominated the global food testing market in 2017, and it is anticipated to grow at a lucrative CAGR of 7.4% during the forecast period, that is, 2018 to 2025.
-> The meat & meat product segment by the food tested category is anticipated to witness the fastest CAGR of 7.9% in terms of value during the forecast period.
-> North America led the global food safety testing market in 2017, and is anticipated to witness a CAGR of 6.3% during the forecast period, in terms of value.
-> By technology, the PCR-based assay segment dominated the food testing market in 2017, and is anticipated to witness the highest CAGR of 7.7% during the forecast period, in terms of value.
๐๐ป๐พ๐๐ถ๐ฟ๐ฒ ๐๐ฒ๐ณ๐ผ๐ฟ๐ฒ ๐ฃ๐๐ฟ๐ฐ๐ต๐ฎ๐๐ถ๐ป๐ด ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.alliedmarketresearch.com/purchase-enquiry/5033
However, high cost of food safety testing, lack of food control infrastructure in the developing economies, complexity in testing techniques, and lack of harmonization of regulations are expected to hamper the food safety testing industry growth.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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