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Packaged Food Shelf Life Testing Market Size, Growth Opportunities And Outlook From 2024-2033
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company presents an extensive market research report on the Packaged Food Shelf Life Testing Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The packaged food shelf life testing market size has grown strongly in recent years. It will grow from $4.83 billion in 2023 to $5.3 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to regulatory compliance, consumer demand for quality assurance, globalization of food supply chains, increasing complexity of packaged food products, brand protection and reputation management.
The packaged food shelf life testing market size is expected to see strong growth in the next few years. It will grow to $7.64 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to stringent food safety regulations, rising demand for natural and fresh products, increased emphasis on sustainability, globalization challenges and supply chain risks, e-commerce growth and changing retail landscape, public health concerns. Major trends in the forecast period include expansion of global supply chains, integration of iot and smart packaging, stringent regulatory requirements, customization of testing protocols for different foods, growing demand for plant-based and functional foods.
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Key Market Players:
Major companies operating in the packaged food shelf life testing market report are SGS SA, AES Laboratories Pvt. Ltd., Agrifood Technology, ALS Ltd., AsureQuality Limited, Bureau Veritas, EMSL Analytical Inc., EnviroLogix Inc., Eurofins Scientific SE, Intertek Group plc, Mérieux NutriSciences Corp., Premium Analytical Services, RJ Hill Laboratories, SCS Global Services, Symbio Laboratories Pty. Ltd., Microbac Laboratories Inc., Silliker Inc., Covance Inc., TÜV SÜD AG, NSF International, Underwriters Laboratories LLC, DNV GL, Lloyd's Register Group Limited, Kiwa NV, Q Laboratories Inc., Romer Labs Diagnostic GmbH, 3M Food Safety, Accugen Laboratories Inc., Advanced Analytical Testing Laboratories Inc., Analytical Food Laboratories, Bio-Rad Laboratories Inc., CEM Corporation, Certified Laboratories Inc., Charles River Laboratories International Inc., EAG Laboratories
Market Drivers:
High demand for packaged foods is expected to propel the growth of the packaged food shelf-life testing market going forward. Packaged foods refer to food that has its entire surface covered in order to protect it from damage, contamination, spoilage, pest attacks, and tampering during transport and storage, either by permeable or impermeable wrapping. Packaged food shelf-life testing is essential to determine the safety of the food and ensure that food is free of physical, chemical, and biological hazards, thereby protecting the customers from food-borne diseases. For instance, in June 2022, according to the Organization for Economic Co-operation and Development (OECD), a France-based intergovernmental organization dedicated to democracy and the market economy, global retail demand for packaged foods had increased by 15-20% higher than the year 2021, and sales of packaged foods in Germany increased by 56% from the 2021 year. Therefore, the high demand for packaged foods is driving the demand for packaged food shelf-life testing market.
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The packaged food shelf life testing market covered in this report is segmented -
1) By Parameter: Microbial Contamination, Rancidity, Nutrient Stability, Organoleptic Properties, Other Parameters
2) By Food Tested: Packaged Food, Beverages, Bakery And Confectionery Products, Meat And Meat Products, Dairy Products And Desserts, Processed Fruits And Vegetables, Other Food Tested
3) By Technology: Equipment And Kit-Based, Manual Tests
4) By Method: Real-Time Shelf Life Testing, Accelerated Shelf-Life Testing
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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