The food safety testing market is projected to reach USD 17.16 billion by 2021, at a CAGR of 7.4% from 2016. The market is driven by factors such as global increase in outbreaks of food borne illnesses and increase in regulations in developed countries. The high growth potential in emerging markets and untapped regions provides new opportunities for market players.
Complete report on smart waste management market spread across 225 pages, profiling 10 companies and supported with 91 tables and 71 figures is now available at http://www.rnrmarketresearch.com/food-safety-testing-market-by-contaminants-pathogen-gmo-toxin-pesticide-others-technology-traditional-rapid-food-types-meat-poultry-dairy-fruit-vegetable-processed-food-others-market-report.html .
The GMOs segment is projected to grow at the highest CAGR during the forecast period due to the evolution in farming technology, diverse GM processed food manufacturing, and high investment in biotech R&D. The requirement to monitor and verify the presence and the amount of GMOs among agricultural crops and in products derived thereof has generated a demand for testing methods that are capable of detecting, identifying, and quantifying either the DNA introduced or the protein expressed in GM plants.
Rapid technology accounted for the largest share of the food safety testing market in 2015. The importance of this technology is increasing due to its quick, accurate, and easy-to-use characteristics. The stakeholders demand new and emerging technologies for analytical testing and ensure certification denoting the high quality of their products. This has been driving the market for rapid technology in food safety testing.
North America was the largest food safety testing market in 2015. Governing organizations are present in the market and have enforced various food safety testing policies. The Asia-Pacific market is projected to be the fastest-growing market during the forecast period.
The breakdown of the primaries on the basis of company, designation, and region, conducted during the research study, is as mentioned below.
- By Company Type: Tier 1 -35%, Tier 2 -45%, and Tier 3 -20%
- By Designation: C Level -35%, Director Level-25%, and Others -40%
- By Region: North America-45%, Europe-30%, Asia-Pacific-20%, and RoW – 05%
Major players include the following:
> Eurofins Scientific S.E (Luxembourg)
> Intertek Group plc (U.K.)
> SGS S.A. (Switzerland)
> Bureau Veritas S.A. (France)
> Silliker Inc. (U.S.)
The above-mentioned companies collectively accounted for the largest share of the food safety testing market in 2015. Other players also have a strong presence in this market such as DTS Laboratories (Australia), ALS Limited (U.S.), AssureQuality (New Zealand), ILS Limited (U.K.) and Covance (U.S.). Request a discount on Food Safety Testing Market by Contaminant (Pathogens, Pesticides, GMOs, and Toxins), Food Tested (Meat & Poultry, Dairy Product, Processed Food, and Fruits & Vegetables), Technology (Traditional and Rapid), and by Region - Global Forecast to 2021 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=103969 .
This research report has focused on various levels of analyses—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles—which comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the global food safety testing market; high-growth regions; and market drivers, restraints, and opportunities.
On a related note, another research on Genetically Modified Food Safety Testing Market Global Trend & Forecast to 2020 says, the market is projected to grow at a CAGR of 7.9%, to reach USD 1.99 billion by 2020. Stacked trait led the market with the largest share in 2014. The U.S. is focusing on the increased usage of advanced technologies and wider range of foods tested for GM food safety testing. This research provides comprehensive overview of the global GM food safety testing market. Companies like SGS S.A. (Switzerland), Intertek Group plc (U.K.), Eurofins Scientific SE (Luxembourg), Bio-Rad Laboratories, Inc. (U.S.) Silliker, Inc. (U.S.), Romer Labs Division Holding GmbH (Austria), EMSL Analytical Inc. (U.S.), Genetic ID NA, Inc. (U.S.), OMIC USA Inc. (U.S.), and IFP (Institut fur Produktqualitat GmbH) (Germany) have been profiled in this 145 pages research report at http://www.rnrmarketresearch.com/genetically-modified-food-safety-testing-market-by-trait-stacked-herbicide-tolerance-insect-resistance-technology-polymerase-chain-reaction-immunoassay-crop-processed-food-tested-by-region-global-tren-st-to-2020-market-report.html .
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