Market Overview: The global Food Safety Testing Market was valued at USD 3.80billion in 2016 and is projected to reach USD 7.29billionby 2025, growing at a CAGR of 7.5% from 2017 to 2025. Food contamination as a trend is increasing rapidly. The faults in the existing food checking infrastructure are responsible for these problems. With rising consumer awareness regarding the quality of food consumed the usage of Food Safety Testing services is expected to grow rapidly.
Market Dynamics: 1. Market Drivers 1.1 Global increase in outbreaks of foodborne illnesses 1.2 Rising instances of chemical contamination of food products 2. Market Restraints 2.1 Lack of food control infrastructure in developing countries
Market Segmentation: The global Food Safety Testing market is segmented on the target tested, technology, product,and region. 1. By Target Tested: 1.1 Pathogens 1.1.1 E.Coli 1.1.2 Salmonella 1.1.3 Campylobacter 1.1.4 Listeria 1.1.5 Others 1.2 Pesticides 1.3 GMOs 1.4 Toxins 1.5 Others
2. By Technology: 2.1 Traditional 2.2 Rapid 2.2.1 Convenience Based 2.2.2 Immunoassay 2.2.3 Polymerase Chain Reaction (PCR) 2.2.4 Chromatography and Spectrometry
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3. By Product: 3.1 Infant Food 3.2 Yogurt 3.3 Milk and Milk Powder 3.4 Cheese, Butter and Spreads 3.5 Ice Cream and Desserts 3.6 Others
4. By Region: 4.1 North America (U.S., Canada, Mexico) 4.2 Europe (Germany, UK, France, Rest of Europe) 4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific) 4.4 Latin America (Brazil, Argentina, Rest of Latin America) 4.5 Middle East & Africa
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Competitive Landscape: The major players in the market are as follows: 1. SGS 2. Eurofins 3. Intertek 4. Bureau Veritas 5. TUV SUD 6. ALS Limited 7. TUV Nord Group 8. Laboratory Corporation of America Holdings 9. MerieuxNutrisciences 10. Genetic ID NA 11. Asurequality 12. Microbac Laboratories
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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