Food Safety Testing Market Estimated to Post USD 15 Billion Revenue by 2021

Synopsis of Food Safety Testing Market

Market Forecast:

Market Research Future published a Cooked Research Report on Food Safety Testing Market that contains the information from 2016 to 2022. The Global Food Safety Testing Market is expected to grow with the CAGR of more than 7% from 2016 to 2021, and with this it is predictable to cross USD $15 billion by 2021.

Key Findings

• Worldwide increase in the outbreak of foodborne illness, stringent regulations, increasing consumer awareness, globalization in food trade were the main drivers of food safety market
• Leading testing laboratories were involved in obtaining accreditation and certification for the testing services
• Greater opportunities for food safety testing due to increase in food trade were observed in emerging countries, especially in India and China

Key Players in Food Safety Testing Market:

• Accugen Laboratories
• Adpen Laboratories
• Aegis Food Testing Laboratories
• ALS Limited
• AsureQuality limited
• Avomeen Analytical Services
• Bio-Rad Laboratories
• Bureau Veritas SA
• Campden Bri
• Det Norske Veritas AS (DNV)

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Increasing Consumer Awareness for Food Safety – The Major Opportunity in the Market

Consumer awareness about food safety has increased significantly. Increasing consumer demand for healthy and safe food has been creating a huge opportunity for food safety testing market. The food manufacturing companies have to conduct food safety testing on all their food products as described by the regulatory bodies. Consumers have been depending on the reports of food safety tests to decide on consuming the food products. Consumer perception on food safety has significantly increased witnessing higher number of chemical contamination in food products, higher number of product recalls due to contamination by various pathogens, and so on.

Among The Food Safety Testing Contaminants Market Pathogens Segment is Compositing the Growth of the Market

The Global Food Safety Testing Market revenue is projected to grow at a CAGR of 7.2% during the forecasted period. The market was dominated by pathogens testing, accounting for nearly 65% of the food safety testing market in 2012.

Access the market data and market information presented through more than 100 market data tables and figures spread in 137 numbers of pages of the project report “Global Food Safety Testing Market”

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North America is Dominating the Overall Market followed by Europe, Asia-Pacific is Projected to be the Fastest Growing Market

In North America, food borne illness has accounted high expenses through the medication and lost work. North American government has spent many billions to recover the pathogen epidemic. Asia-Pacific is likely to be the fastest growing region, due to rising demand for food safety from consumers, producers, and regulators. The most rapid moving country in Asia-Pacific food safety testing is China, and this gain will be amplified by larger base. Australia has also been affected severely with pathogen induced foodborne diseases, and has prioritized food safety testing.

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About Market Research Future:

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Market Research Future
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This release was published on openPR.