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Global Food Safety Testing Market 2021 is expected to register a CAGR of 7.2%, during forecast period with Impact of Covid 19 Analysis

Food

Global “Food Safety Testing Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Food Safety Testing in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Food Safety Testing Market report categorizes the market based on manufacturers, regions, type, and application. Food Safety Testing Market reports offer a detailed assessment of the Food Safety Testing including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Food Safety Testing market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Market Insight

The global food safety testing market was valued at USD 11,122.53 million in 2016 and is further expected to witness a CAGR of 7.2% during the forecast period of 2018–2023. Food supply and quality of food are under constant threat globally, and there is a growing demand for effective test products that can ensure food safety. The practice of food safety testing has gained considerable significance over the past years, owing to growing incidences of food-borne illnesses and poisoning by contaminated food products. This necessitates the robust and effective system in place to ensure food security as well as food safety.

Rising Healthcare Cost due to Lacunas in Food Safety Testing

Consumer choice is key for any food-based industry, as the consumers safety, health concerns, and preferences always drive the food market. The additional burden in the form of rising health-care cost and increasing out-of-the pocket expenditure on healthcare by commoners have prompted the governments and regulatory authorities to set a robust food safety policy. Consumer organizations and other non-profit government organizations are a driving force behind food safety policy. Each of these organizations advocate for food safety in a different way, while one focuses on presenting information through science and research, another focuses on showing the real-life impacts of food-borne illness on families, while yet another focuses on consumer education.

The restraining factors for the market are: microbiological testing often requires long time to get the results, which affects manufacturers and delays product marketing. Tough rapid testing has eased the testing market, but its high cost is affecting the market growth. Moreover, multiple test methodologies required by various regulations is another restraining factor for the food safety testing market.

Rising Consumer Awareness Amidst Food-borne Illness Incidences

Globally, incidences of food-borne diseases are increasing at a high rate, and the most common cause of outbreaks are Salmonella typhi, Escherichia coli, Staphylococcus aureus, Vibrio cholera, Campylobacter and Listeria monocytogenes. Over the past few years, the world saw an unprecedented outbreak of food-borne illnesses. The Centre for Disease Control and Prevention (CDCP) has reported that every year, one in 10 people fall sick due to food-borne illness, most importantly, children under five years of age are at a high risk. Major food-borne disease outbreaks have occurred in every continent in the past decade, often amplified by globalized trade. Such incidences have made companies incur heavy loss of sales and brand equity, making consumers aware about the potential health-hazards. The key players of food safety testing are now focusing on R&D in order to bring safe food to the consumers.

Pathogen-Testing Type Leads the Overall Market

With the rise in adulteration and the adverse outcome of ingested foods, such as food poisoning and food-borne illnesses, food safety has become a crucial aspect. The need to identify causes has increased. Pathogen testing dominates the food safety testing market, with fruit & vegetable testing for contaminants being the largest application area. Pathogens are harmful microorganisms that cause deterioration of food quality and trigger serious health issues. Recent concerns about microbial contaminants, such as E. coli and Salmonella, have driven the pathogen safety testing market. Pathogen testing is growing at a faster rate in the food safety testing market, due to the serious health effects of pathogens and the immediate retardation of the quality of food products.

Asia-Pacific Poised at Highest Growth Rate

North America constituted the largest food safety testing market in 2016. Regarding growth, the Asia-Pacific market for food safety testingis likely to record the fastest compounded annual rate, primarily driven by the increase in testing procedures from the potential regions of China and India. The scientific investigations/reports on outbreak of food-borne diseases in the region over the past 29 years, due to adulteration and chemical & microbiological contamination, have forced authorities to concentrate on the issue of food safety. Authorities, like Food Safety and Standards Authority of India, and China Food and Drug Administration (CFDA) have been established to take serious steps toward ensuring food safety.

Key Developments

• February 2018: A mobile food-testing van was launched in Hyderabad. The van was sanctioned by the Food Safety and Standards Authority of India, as part of a Central government scheme, to maintain food safety and hygiene standards, mainly in eateries.
• October 2016: SGS acquired AXYS Analytical Services Ltd. (AXYS), Sidney, British Columbia, Canada. AXYS analyses Persistent Organic Pollutants (POPs), Contaminants of Emerging Concerns (CECs) and the early development stages of the fast growing metabolomics business.

Competitive Landscape

Major Players – ALS LIMITED., ASUREQUALITY LIMITED, BIO-RAD LABORATORIES, BUREAU VERITAS, ECOLAB INC., EUROFINS SCIENTIFIC, INTERTEK GROUP PLC, MÉRIEUX NUTRISCIENCES, NEOGEN CORPORATION, NSF INTERNATONAL, SGS GROUP and TUV SUD, among others.

New product launches, acquisitions, partnerships, investments, and expansions are the preferred strategic approaches adopted by most companies involved in food safety testing.

Reasons to Purchase this Report

• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information,

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The global Food Safety Testing market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Food Safety Testing Market Report covers the Top Key-players in 2021:-

  • ALS Limited.
  • AsureQuality Limited
  • Bio-Rad Laboratories
  • Bureau Veritas
  • Ecolab Inc.
  • Eurofins Scientific
  • Intertek Group plc
  • Mérieux NutriSciences
  • Neogen Corporation
  • NSF Internatonal
  • SGS Group
  • TUV SUD

Highlighted points of Food Safety Testing Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

Inquire more and share questions if any before the purchase on this report @ https://www.360marketupdates.com/enquiry/pre-order-enquiry/12887260

This Food Safety Testing Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Food Safety Testing? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Food Safety Testing Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Food Safety Testing Market? What Was Capacity, Production Value, Cost and PROFIT of Food Safety Testing Market?
  • What Is Current Market Status of Food Safety Testing Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Food Safety Testing Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Food Safety Testing Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Food Safety Testing Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Food Safety Testing Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Food Safety Testing Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Food Safety Testing Industry?

Key Developments in the Food Safety Testing Market:

  • February 2018:A mobile food-testing van was launched in Hyderabad. The van was sanctioned by the Food Safety and Standards Authority of India, as part of a Central government scheme, to maintain food safety and hygiene standards, mainly in eateries.
  • October 2016: SGS acquired AXYS Analytical Services Ltd. (AXYS), Sidney, British Columbia, Canada. AXYS analyses Persistent Organic Pollutants (POPs), Contaminants of Emerging Concerns (CECs) and the early development stages of the fast growing metabolomics business.
    Competitive Landscape
    M

    Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porters five forces analysis
  • Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
  • 3 months analyst support along with the Market Estimate sheet in excel.

    Purchase this report (Price 4250 USD for a single-user license) @ https://www.360marketupdates.com/purchase/12887260

    Finally, the report Global Food Safety Testing Market 2021 describes the Food Safety Testing industry expansion game plan, the Food Safety Testing industry knowledge supply, appendix, analysis findings, and the conclusion.

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