Press release
Shelf Life Testing Industry Analysis 2023: Global Market Size, Share, Trends And Forecast To 2032
Shelf Life Testing Market Report
Shelf Life Testing Market Size, Growth Rate, And Forecast:
The global shelf life testing market size is expected to grow from $3.83 billion in 2022 to $4.18 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global shelf life testing market size is expected to grow to $5.62 billion in 2027 at a CAGR of 7.7%.
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Shelf Life Testing Market Drivers:
High demand for packaged foods is expected to propel the growth of the shelf life testing market going forward. Packaged foods refer to food that has its entire surface covered to protect it from damage, contamination, spoilage, pest attacks, and tampering during transport and storage, either by permeable or impermeable wrapping. Shelf-life testing is essential to determine the safety of the packaged food and ensure that food is free of physical, chemical, and biological hazards, thereby protecting the customers from food-borne diseases.
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Shelf Life Testing Market Segments
•By Technology: Equipment And Kit-Based, Manual Tests
•By Parameter: Microbial Contamination, Rancidity, Nutrient Stability, Organoleptic Properties, Other Parameters
•By Method: Real-Time Shelf Life Testing, Accelerated Shelf-Life Testing
•By Food Tested: Packaged Food, Beverages, Bakery And Confectionery Products, Meat And Meat Products, Dairy Products And Desserts, Processed Fruits And Vegetables, Other Food Tests
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Shelf Life Testing market.
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Shelf Life Testing Market Key Players:
Major competitors in the shelf life testing market include SGS SA, Bureau Veritas, Eurofins Global, Intertek Group plc, Mérieux NutriSciences Corp., ALS Ltd., AsureQuality, RJ Hill Laboratories, SCS Global, Agrifood Technology, Symbio Laboratories, Premium Analytical Services, AES Laboratories Pvt. Ltd., ENVIROLOGIX Inc., and EMSL Analytical Inc.
The Business Research Company's "Global Shelf Life Testing Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Shelf Life Testing Market Include:
1. Executive Summary
2. Shelf Life Testing Market Characteristics
3. Shelf Life Testing Market Trends And Strategies
4. Shelf Life Testing Market - Macro Economic Scenario
5. Shelf Life Testing Market Size And Growth
....
26. Africa Shelf Life Testing Market
27. Shelf Life Testing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Shelf Life Testing Market
29. Shelf Life Testing Market Future Outlook and Potential Analysis
30. Appendix
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