Rising Number of Food Recalls to Bolster Uptake of Safety Testing Technologies

The growing awareness about food adulteration among consumers has led to the adoption of various food safety testing equipment and technology. A burgeoning food services industry and substantial growth of the food and beverages sector have led to the need for technologies to monitor food safety and prevent adulteration. Over the past few years, the rising instances of massive food recalls in various parts of the world, especially in advanced nations such as the U.S., has made a considerable dent in the reputation of several food companies. This has catapulted the demand for food safety testing systems in these regions.

In recent years, next-generation sequencing technologies have gained prominence over conventional methods such as polymerase chain reactions and Elisa since they offer high-throughput food safety testing. In terms of revenue, the valuation of the food safety testing market is expected to reach US$658.5 mn by the end of 2017. The market is market is projected to expand at a CAGR of 8.9% during 2017–2025.

Obtain Report Details @ http://www.transparencymarketresearch.com/food-safety-products-market.html

Which contaminant testing in food safety is expected to witness substantial adoption of the technology?

The major contaminants that can be tested for ensuring food safety are pathogens, chemicals, genetically modified organisms, and toxins. The rising consumption of thermally processes food in developed nations and robust governmental regulations in inspection and monitoring of processed food, such as meat, are expected to bolster the adoption of food safety testing for pathogens. The rising demand for testing food products for the presence of bacteria such as salmonella and E.coli is expected to expand the opportunities in the market in the coming years. In addition, the increasing number of food borne illnesses has further triggered governments in various nations to implement systems for testing pathogens. This segment is projected to account for a substantial market share of 42.5% in 2017.

ALS Global, a globally prominent analytical testing services provider, announced in June 2017 that it has acquired Wisconsin-based Marshfield Food Safety and the valuation of the deal amounted to US$20 million. The Australian company believes that this will help ALS to consolidate its presence in the U.S. food safety testing market. The U.S.-based company specializes in nutrition-based testing and offer testing of food products against salmonella. The acquisition is considered vital for both companies as this will expand opportunities for numerous clients in analytical testing and inspection services for food safety.

Make an Enquiry @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=312

Which geographic regions are anticipated to provide exciting growth avenues for market players?

The major regional markets are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). Of these, Europe is the leading market for food safety testing and is expected to contribute the major revenue of about 36.3% by the end of 2017. North America is a prominent market, and combined with Europe, its accounts for a whopping market share at present. Meanwhile, Asia Pacific is expected to rise at an impressive CAGR of 8.6% during the forecast period. The substantial growth of this regional market is propelled by massive spending in research and development of food testing technologies and substantial growth of food trade. The stellar demand for food safety testing in various emerging markets of Asia Pacific is further propelled by recent government support to adopt these technologies in various food services premises.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.