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South Africa Food Safety Testing Market is expected to grow significantly and generate approximately $145,995 thousand by 2025

03-24-2023 06:25 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
South Africa Food Safety Testing Market

South Africa Food Safety Testing Market

According to a new report published by Allied Market Research titled," South Africa Food Safety Testing Market by Contaminant, Food Tested, and Technology: Opportunity Analysis and Industry Forecast, 2018 - 2025,"the South Africa food safety testing market size was valued at $65,727 thousand in 2017, and is estimated to reach $145,995 thousand by 2025, registering a CAGR of 10.4% from 2018 to 2025. In 2017, the polymerase chain reaction (PCR) technology segment accounted for nearly two-fifths share of the total South Africa food safety testing industry.

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Access to safe and affordable food is a basic human right. Food carrying potential contaminants can be harmful to health. Consumers expect and deserve protection against risks found in food. This ethical factor generates the need to setup food safety regulation and drives the growth of the South Africa food safety testing market.

Leading Key Players:

The key players profiled in this report include ALS Limited, Bio-Rad Laboratories, Inc., Bureau Veritas, Deltamune, DNV GL AS (DNV), Eurofins Scientific S.E., Intertek Group plc., QIMA Limited, SGS SA (SGS), and TUV SUD.

Regional Analysis:

The South Africa food safety testing market is highly competitive, owing to the presence of several well-established manufacturers and vendors. The market has been undergoing significant consolidation over the last few years, and this trend is expected to continue further, owing to increase in acceptance of food safety testing and technological advancements.

However, in developing countries such as South Africa, micro-, small-, & medium food manufactures dominate the market. These manufacturers often lack adequate knowledge & facility to maintain food safety standards. In addition, street food in developing countries is one of the significant sources of unhygienic food & water, as water supplies & disposal of water is not sufficient.

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The Department of Health requires that all foodstuffs be safe for human consumption in terms of the Foodstuffs, Cosmetics and Disinfectant Act, 1972 (FCD Act). This Act addresses the manufacture, labeling, sale and importation of foodstuffs. Matters regarding the hygiene of foodstuffs are addressed by the National Health Act, 2003, and the hygiene requirements at ports and airports including vessels and aircraft are addressed by the International Health Regulations Act, 1974.

Key Findings of the South Africa Food Safety Testing Market:

-> In terms of value, the PCR-based assay technology in South Africa food safety testing market is expected to grow at a CAGR of 11.0% during the forecast period.

-> Gauteng region is expected to dominate the South Africa food safety testing market, registering a significant CAGR of 10.9% in terms of value.

-> Mpumalanga region is projected to show exponential growth throughout the forecast years, growing at a CAGR 12.8%, in terms of value.

-> Based on food tested, the processed food segment is anticipated to dominate the South Africa food safety testing market, registering a CAGR of 10.5%.

-> Based on contaminant, the pathogen testing segment accounted for more than two-fifths share of the South Africa food safety testing market in 2017.

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Chemical & toxins testing is projected to grow at the highest CAGR during the forecast period. This is attributed to increase in application of pesticides and fertilizers in agriculture and high application preservatives in storage & preservation of food products.

Browse Similar Reports:

Food Safety Testing Market - https://www.alliedmarketresearch.com/food-safety-testing-market

Food away from home Market - https://www.alliedmarketresearch.com/food-away-from-home-market-A31829

Grain analysis Market - https://www.alliedmarketresearch.com/grain-analysis-market-A13553

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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.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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