Food Safety Testing Market Research Report, Share, and Forecast to 2025Posted by rekha on November 21st, 2019 “The Global Food Safety Testing Market expected to reach US$ 24,634.9 Mn by 2025 and increasing at a significant growth rate over the forecast years 2019-2025 owing to surge in prevalence of foodborne diseases across the globe.” The global food safety testing market was valued at US$ XX Mn in 2018 and burgeoning at notable growth rate over the forecast years due to rise in the prevalence of various foodborne diseases such as botulism, salmonellosis, and clostridium perfringes across the globe. For instance, according to WHO, unsafe food causes 600 million cases of foodborne diseases and 420 000 deaths each year. Moreover, increase in awareness about food safety and health concerns among the population, technological advancements in the food testing, and launch of newer test kits into the market are propel the global food safety testing market over the forecast years. However, high cost of testing, lack of standard regulations for the food testing, and poor laboratory infrastructure in underdeveloped countries are hamper the growth of food safety testing market. Global Food Safety Testing market segmented on the basis of contaminant type, technology, food type, and region Request for sample report @ https://www.precisionbusinessinsights.com/request-sample?product_id=17256 Pathogen Testing Dominate the Global Food Safety Testing Market Based on the contaminant type, global food safety testing market segmented into pathogen testing, pesticide testing, genetically modified organism testing, and toxin testing. Pathogens are the harmful contaminants results to the deterioration of food products. Increase in the foodborne diseases due to pathogen contamination may drive the pathogen testing market over the forecast years. Moreover, adoption of food safety testing in developed and developing countries are anticipated to propel the global food safety testing market over the future years. In addition, surge in the R&D for the development of newer pathogen test kits also surge the market over the forecast years. For instance, in February 2019, LexaGene, a food pathogen testing industry has launched LX2 testing kit that can detect up to 22 pathogens in food products. North America Leads the Global Food Safety Testing market PBI’s global food safety testing market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America accounted for larger revenue share through 2014-2018 and expected to dominate over 2019-2025 owing to increase in the awareness about food safety among the population in USA and Canada. Moreover, stringent regulations regarding the food products also boost the market over the forecast years. Europe food safety testing market projected to exhibit significant growth due to adoption of technologically advanced food safety techniques and surge in the incidence of food borne diseases in the region.
Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players Global food safety testing market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance. In February 2017, Neogen Corporation launched mycotoxin test series to identify the six mycotoxins by using water-based common extraction Key player’s profiles in the report are Eurofins Scientific (Luxembourg), SGS SA (Switzerland), Intertek Group plc (UK), ALS Limited (Australia), Bureau Veritas SA (France), Mérieux NutriSciences (US), TÜV SÜD (Germany), AsureQuality Ltd (New Zealand), Genetic ID NA, Inc. (US), Microbac Laboratories, Inc. (the US), Laboratory Corporation of America Holdings (US) Precision Business Insights (PBI) in its report titled “Global Food Safety Testing Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Detailed Segmentation
By Contaminant Type o Pathogens o Pesticides o Genetically modified organisms o Toxins By Technology o Rapid o Traditional By Food Type o Dairy o Fruits and vegetables o Meat and poultry o Processed foods o Others Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
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