Food Safety Testing registering a staggering CAGR of 7.2%

Posted by Yogesh Rane on December 18th, 2017

Market Analysis

Global Food Safety Testing Market has been perceiving a steady growth owing to the stringent food safety regulations, increasing number of food poisoning outbreaks, and increasing consumer awareness on food safety and its implications. The trend of globalization in food supply trade is expected to further create huge traction in the Food Safety Testing Market.

Inadequate cooking, poor handling and improper stowage systems lead to contamination. Factors such as requirement of implementation of quality measures in bakery, ready to eat meals, dried processed products, infant diet, preserved and canned products due to its easy contaminant retention nature fosters the market growth up to a large extent. Additionally, some of the prominent factors such as augmented import and export activities that result in to the food supply trade globalization and which further increases contaminant level attributed to inadequate control and monitoring. Increasing adulteration level to improve product shelf life are providing impetus to the market growth. Besides, some significant entities such as Good Manufacturing Practices (GMP), Good Agricultural Practices (GAP), Hazard Analysis Critical Control Point (HACCP), and Good Hygiene Practices (GHP) contribute to the market growth.

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On the other hand, lack of awareness of manufacturers on the food regulations due to which they overlook to perform Food Safety Testing might pose as a challenge to the market growth.

Pathogens is said to be the biggest food contaminant. Pathogens like, salmonella, E. coli and others are plays most important role in the food contamination. Year 2011 shows that salmonella was responsible for almost 20,000 hospitalizations and near 400 causalities only in the U.S. due to food poising. Talking about the market share food safety testing by containment, it has been identified that Pathogens, captures a substantial market share followed by GMOs (Genetically Modified Organisms) which hold a considerable market share.

Food Safety Testing is a technical method of performing development works, handling of products and storing the product to prevent food borne diseases. It is performed under the supervision of experts which continuously keep their eye on the going process. Food safety testing is done to maintain the quality of the food and to prevent the food from unwanted diseases which could happen in form of illness, toxicity or poisoning.

Food Safety Testing Global Market - Competitive Analysis

Players operating in the global Food Safety Testing markets are focusing upon optimized situational awareness for commercial and residential customers and ensure their mission success. The Market appears to be highly competitive and diversified with the presence of large number of players having global presence. To gain the competitive edge and to sustain in the market, these players are heavily investing in R&D, global expansion, advanced technologies and product Launch. Players compete against each other based on factors such as the product quality, reliability, and cost. Marketers are tapping the growing markets for expansions. Key Players are addressing the critical needs of Food Safety market with a broad range of solutions and an efficient and complete workflow.

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Food Safety Testing Global Market – Segments

The Food Safety Testing Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation By Contaminants Detection: Comprises Pathogens, GMOs, Pesticides, Toxins, and Other.

Segmentation By Testing Technology       : Comprises Natural (Plants and Animals) and Synthetic and other.

Segmentation By Food Types                     : Comprises Meat and Poultry Products, Dairy Products, Fruit & Vegetables, Processed Foods, and other.

Segmentation By Regions                           : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Food Safety Testing Global Market – Regional Analysis:

On the basis of regions the global Food Safety Testing market is divided into North America, Europe, Asia Pacific, and Middle East & Africa. North America is said to be the largest market with market share of around 38% on the global scale and expected to grow with the CAGR of more than 7% in the forecasted period. Europe is contributing market share of more than 34% and known as 2nd largest market of Food safety testing followed by the Asia Pacific. Asia Pacific is the fastest growing market as compared to other part of globe and has registered the CAGR of more than 8% and said to register the CAGR of more than 9.5% in the forecasted period.