South Africa Food Safety Testing Market Key Trends in Terms of Volume and Value

Posted by facto on November 14th, 2019

Facto Market Insights has recently added a new study to its broad research portfolio, which is titled as South Africa Food Safety Testing Market Key Trends in Terms of Volume and Value 2018-2025 provides an in-depth analysis of the South Africa Food Safety Testing with the forecast of market size and growth. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export in these regions.

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Food safety testing refers to the inspection of food products for disease-causing organisms, chemicals, and other hazardous materials. It is generally targeted at three primary food contaminants namely, pathogens, chemicals, and genetically modified organisms (GMOs).
Implementation of various regulations on food safety, particularly in the developed economies, drives the growth of the global food safety testing market. Recycling of animal by-products, sale of goods past their “use by” date, inclusion of harmful ingredients, and unsafe food handling processes are some of the major food fraud activities. The consumption of contaminated food, including toxic chemicals and radioactive materials, results in foodborne illness, which can further lead to death. The implementation of stringent regulations by many leading food safety organizations, such as Food Standards Agency, European Food Safety Authority, Food Safety and Standards Authority of India, and Canadian Food Inspection Agency, to prevent ill health of consumers and food fraud is expected to drive the growth of the global food safety testing industry.

In addition, rise in economically motivated adulterations (EMAs) due to high competition among food producers, and increase in instances of food debasement, such as adulterations, pesticides, artificial taste enhancers, and certifications, boost the growth of the food safety testing market. However, lack of food control infrastructure in the developing economies, complexity in testing techniques, and lack of harmonization of regulations are anticipated to hamper the growth of the market.

The South Africa food safety testing market was valued at ,727 thousand in 2017, and is estimated to reach 5,995 thousand by 2025, registering a CAGR of 10.4% from 2018 to 2025.

The South Africa food safety testing market is highly competitive, owing to the presence of several well-established manufacturers and vendors. The market has been undergoing significant consolidation over the last few years, and this trend is expected to continue further, owing to increase in acceptance of food safety testing and technological advancements.

The major players analyzed in this report are ALS Limited, Bio-Rad Laboratories, Inc., Bureau Veritas, Deltamune, DNV GL AS (DNV), Eurofins Scientific S.E., Intertek Group plc., QIMA Limited, SGS SA (SGS), and TUV SUD.

KEY BENEFITS FOR STAKEHOLDERS
• The report provides an extensive analysis of the current and emerging market trends and opportunities in the South Africa food safety testing market.
• The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing market opportunities.
• A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
• An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
• The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.