Food Safety Testing Market Report by Size, Global Research Growth Strategies
Posted by Nikhil khadilkar on September 3rd, 2019
Food Safety Testing Market Overview
The Food Safety Testing Market is continuously growing at the rapid pace; mainly due to the growing concerns for food contamination and the burgeoning food & beverage sector. Validating the product quality and ingredient authenticity is a paramount concern for the F&B industry. Also, confirmation that food does not contain ingredients unacceptable to certain ethnic groups is highly important. Testing facilities should be able to trust their technology so that consumers can trust the labeling on food.
Considering the kind of traction, the market perceives currently Market Research Future (MRFR)in its recently published study report asserts that the global food safety testing market is booming and expected to grow at a phenomenal CAGR between 2016 and 2027, accruing voluminously by 2027.
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Furthermore, augmented import and export activities provide impetus to the market growth, resulting in the food supply trade globalization that increases contaminant level due to the inadequate control and monitoring. Also, the increasing adulteration level to improve product shelf life along with some significant entities such as Good Agricultural Practices (GAP), Good Manufacturing Practices (GMP), Good Hygiene Practices (GHP), and Hazard Analysis Critical Control Point (HACCP) support the market growth.
Global Food Safety Testing Market - Competitive Analysis
The Global Food Safety Testing Market appears to be highly competitive. Key players are focusing on optimizing situational awareness towards customers to ensure their mission success. Matured players are increasingly seeking market expansion through various strategic activities such as M&A, innovation, increasing investments in R&D and cost-effective product portfolio.
The market leaders profiled in the MRFR analysis include Accugen laboratories, Adpen laboratories, aegis food testing laboratories, ALS limited, Avomeen analytical services, Bio-Rad laboratories, Campden bri, Bureau veritas sa, Genevac ltd among others.
Global Food Safety Testing Market – Segments
The MRFR analysis is segmented into four key dynamics for the convenience of understanding;
By Contaminants : Comprises Pathogens, GMOs, Pesticides, and Toxins, among others.
By Technologies : Traditional and Rapid Technology among others.
By Food Types : Meat and Poultry Products, Dairy Products, Fruit & Vegetables, and Processed Foods, among others.
By Regions : North America, Europe, APAC and the Rest-of-the-World.
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Global Food Safety Testing Market – Regional Analysis:
Globally, the North American region accounts for the largest market for food safety testing. The market is projected to continue with its dominance throughout the forecast period attributing to some of the burgeoning sectors such as food and beverage, healthcare, hospitality, pharmaceuticals, and personal care in the region, Further, the demanding research and development initiatives are expected to create a substantial revenue pocket. Additional factors substantiating the market growth include high healthcare expenditures and substantial investments in the R&D activities in the field of healthcare.
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
About the AuthorNikhil khadilkar
Joined: December 19th, 2018
Articles Posted: 456
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