Having a plethora of players such as 3M Company, Biocontrol Systems Incorporated, Bio-Rad Laboratories Incorporated, Roka Bioscience, Douglas Scientific, Agilent Technologies Incorporated, Ecolab Incorporated, and IDDEX Laboratories INC among others, the Global food safety testing market is set to witness a huge growth in the years to come.
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Worldwide, food safety is a huge concern for users owing to the stable danger of food-borne diseases, thereby having a towering effect on food safety testing market. Food safety testing is essential to attain a certificate of analysis of ready-to-eat foods and raw food items at various phases of food processing. Users are offered with food safety tags on food items to guarantee safety and quality of food items. This in turn has elevated the significance of the global food safety testing market.
As per the analysts at Zion Market Research, the worldwide requirement for food safety testing market was capitalized at USD 4.8 Billion in 2015. This is likely to cross USD 8.04 Billion by the end of 2021 and is expected to jump at a CAGR of 7.8% from 2016 to 2021.
Rising Awareness Of Food Safety To Boost The Global Market In The Forecast Period
The global food safety testing market has been showing incredible development with rising food-borne diseases all over the world. The growth of the global food safety testing market is boosted by increasing user awareness related to food safety. Regions all over the world are experiencing food disease epidemic instances in addition to the due occurrence of chemical contaminant and microbial pathogens. The major players of the global food safety testing market are experiencing increasing requirement for food safety testing due to health concerns and elevating awareness among users. Mergers and acquisitions among market players is also one of the major reasons for the market growth. For instance, in July 2018, Eurofins Scientific acquired Laboratorios Ecosur, a food testing firm with laboratories in Turkey and Spain.
GMO Testing To Be Biggest Piece Of Global Food Safety Testing Market Pie
The global food safety testing market is classified on the basis of contaminant, technology, region, and application. Different techs employed for testing food safety comprise rapid technologies as well as traditional technologies. Owing to some restrictions of conventional food safety techniques, rapid technology for food testing added for a noteworthy share of the food safety testing market in 2015. The pathogen is a top contaminant section in food safety testing market. In addition to this, GMO testing sector is likely to be the quickest developing sector in the years to come. The major application wrapped under this survey comprises dairy, meat & poultry, fruit & vegetables, process food, and others. Amongst all, meat & poultry were the biggest application sectors that added up for a noteworthy share in 2015 for global food safety testing market and are likely to be the quickest developing sector in the years to come.
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Increasing Government Regulations To Help North America Hold Its Vanguard Position In The Global Food Safety Testing Market
Cutting to the chase, North America ruled the food safety testing market earlier in 2015. The largest piece of pie for this region can be credited to different factors such as increasing government regulations and elevated prevalence of food disease. Europe is one of the primary regions in the food safety testing market owing to elevated awareness about food safety policies by the government in this area. Asia Pacific displays an area with a huge potential for food safety testing market owing to augmented stress on food securities in this area.
The global food safety testing market is segmented as follows:
- Meat & poultry
- Process food
- Fruit & vegetables
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- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa