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Packaged Food Shelf Life Testing Market Outlook 2024: Exclusive Report By The Business Research Company | SGS SA, AES Laboratories Pvt. Ltd., Agrifood Technology, ALS Ltd., AsureQuality Limited, Bureau Veritas
Packaged Food Shelf Life Testing Market Characteristics
The Business Research Company offers in-depth market insights through Packaged Food Shelf Life Testing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Rising Demand For Packaged Foods Fuels Packaged Food Shelf-Life Testing Market Growth
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.
Competitive Landscape:
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
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Top Trend - Tech Advancements Revolutionize Packaged Food Shelf-Life Testing Market
Technological advancements are a key trend gaining popularity in the packaged food shelf-life testing market. Major companies operating in the market are introducing advanced technologies to gain a competitive edge in the market. For instance, in May 2022, SAVRpak, a US-based food technology innovation company launched SAVRpak Drop-In, which works on moisture control technology that reduces excess moisture, condensation, and bacteria, thus extending the shelf-life of packaged produce including berries, leafy greens, grapes, and mini cucumbers. It controls the oxygen and carbon dioxide levels in packaged produce to maintain freshness for up to four times longer.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Packaged Food Shelf Life Testing Market Characteristics
3. Packaged Food Shelf Life Testing Market Trends And Strategies
4. Packaged Food Shelf Life Testing Market - Macro Economic Scenario
5. Packaged Food Shelf Life Testing Market Size And Growth
…..
27. Packaged Food Shelf Life Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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