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Shelf Life Testing Market Research, Size, Share And Demand Analysis By 2033
Shelf Life Testing Market
The Business Research Company presents an extensive market research report on the 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 shelf life testing market size has grown strongly in recent years. It will grow from $4.2 billion in 2023 to $4.59 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to stringent quality and safety regulations, consumer demand for freshness, globalization of the food supply chain, focus on food waste reduction, expansion of pharmaceutical industry, introduction of biodegradable packaging..
The shelf life testing market size is expected to see strong growth in the next few years. It will grow to $6.54 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to consumer awareness of product labeling, focus on nutritional integrity, increasing complexity of food formulations, rising demand for natural preservatives, emergence of personalized nutrition, shift towards plant-based products.. Major trends in the forecast period include advancements in analytical technologies, technological innovations in preservation methods, packaging innovations, customized testing solutions, collaboration and partnerships..
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Key Market Players:
Major companies operating in the shelf life testing market report are SGS SA, Bureau Veritas, Eurofins Global, Intertek Group plc, Mérieux NutriSciences Corp., ALS Limited, AsureQuality Limited, RJ Hill Laboratories, SCS Global Services, Agrifood Technology, Symbio Laboratories, Premium Analytical Services, AES Laboratories Pvt. Ltd., EnviroLogix Inc., EMSL Analytical Inc., Neogen Corporation, Charm Sciences Inc., TÜV NORD GROUP, Medallion Labs, Q Laboratories Inc., Microbac Laboratories Inc., Silliker Inc., Covance Inc., NSF International, Food Safety Net Services, Genevac Ltd., R-Biopharm AG, Romer Labs, 3M Company, Thermo Fisher Scientific Inc., MilliporeSigma, Bio-Rad Laboratories Inc.
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. For instance, in June 2022, according to the Organization for Economic Co-operation and Development (OECD), a France-based intergovernmental organization, global retail demand for packaged foods had increased by 15-20% higher than the previous year, and sales of packaged foods in Germany increased by 56% from the previous year. Hence, the increasing demand and consumption of packaged food is expected to drive the market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/shelf-life-testing-global-market-report
The shelf life testing market covered in this report is segmented -
1) By Technology: Equipment And Kit-Based, Manual Tests
2) By Parameter: Microbial Contamination, Rancidity, Nutrient Stability, Organoleptic Properties, Other Parameters
3) By Method: Real-Time Shelf Life Testing, Accelerated Shelf-Life Testing
4) 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
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?
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