Lately, various cases of chemical contamination has emerged in food processing industry. Such cases are sheer consequence of application of improper techniques for production of ready-to-eat meals. This is one of the key factors anticipated to push demand for food safety testing extensively.
Further, growing cases of foodborne diseases, toxicity, and adulteration cases have been becoming a threat to food safety. This, in turn, propelled demand for food safety testing. As per a report published by the Centre for Disease Control and Prevention (CDC), one among ten people fall sick due to foodborne illness. Furthermore, among all the people affected due to foodborne diseases, children dominates the list.
As per statistics provided by the WHO, nearly 125, 000 children die because of unsafe food consumption.
Such incidents are anticipated to provide lucrative opportunities for growth of the global food safety testing market during the forecast period. As per market analyst, various food safety testing market is likely to be established in developing countries in coming years.
Moreover, growing demand for packaged and processed food in, both, developed and developing countries due to hectic lifestyle and rising popularity of quick-service restaurants are projected to drive the need for safety testing centers in years to follow.
Meanwhile, growing imports and exports activities are leading to enhanced contaminant levels, owing to inadequate monitoring and control. In addition, mounting demand for pesticides and similar contaminants testing for vegetables and fruits, globally, is estimated to fasten progress of industry over the forecast period.
Request for Covid-19 Impact Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=312
Global Food Safety Testing Market: Snapshot
The global food safety testing market has witnessed impressive growth over the last few years due to rising incidence of food contamination there is a growing demand for food safety testing by food manufacturers. Owing to increasing awareness about foodborne diseases and various technologically advanced techniques and equipment deployed for food safety testing, the market for food safety testing has been treading along a healthy growth path over the past few years and the market is expected to continue to exhibit strong growth over the next few years as well. The vast expansion of the global food and beverages industry, coupled with the growth of the food service industry, has also been a key factor driving the growth of the global food safety testing market.
Transparency Market Research estimates that the revenue generated from food safety testing will value at US$658.5 mn by the end of 2017. The market is expected to exhibit a CAGR of 8.9% from 2017 to 2025, rising to a valuation of US$1304.5 mn by the end of 2025.
Request for Covid-19 Impact6 Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=312
Food Testing Services for Testing Pathogens to Gain Maximum Traction
In terms of contaminants, the report segments the global food safety testing market into pathogens, genetically modified organisms, chemicals, and toxins. Of these, the segment of pathogens is estimated to account for a massive 42.5% of the global market in 2017. The segment is expected to witness promising growth prospects over the report’s forecast period chiefly owing to value the increasing demand for testing bacteria such as salmonella and E.coli in food products. Increasing incidences of food contamination-related illnesses is the key factor driving this trend.
The segment of the genetically modified organisms segment is also anticipated to exhibit promising growth over the report’s forecast period, charting a CAGR of 8.9% in terms of value.
The vast rise in awareness regarding genetically modified fruits and vegetables among consumers and the stringent regulatory restrictions on GMO-derived foods are the key factors expected to drive growth of this segment over the report’s forecast period.
Market to Continue Thriving in Developed Economies
An exhaustive analysis and geographic assessment of the global food testing safety market has demonstrated that the global food safety testing market is largely dominated by developed economies across regions such as North America and Europe. Collectively, North America and Europe are expected to account for a massive 64.6% of the global market by the end of 2017 and account for a slightly larger share in the global market by the end of the forecast period. Europe is presently the leading contributor of revenue to the global market, and is estimated to hold about 36.3% of the market by the end of 2017.
Rising incidences of food contamination, technologically highly advanced food testing laboratories, and stringent regulations related to food safety in most countries in these regions contribute to the strong positions of North America and Europe in the global food testing safety market. While Europe holds the top spot in the global food safety testing market, the most promising growth rate is expected to be seen in the APAC region over the report’s forecast period. APAC market is expected to exhibit a promising CAGR of 8.6%, attributed chiefly to the growing food trade in this region. Furthermore, companies are focusing on making major investments in R&D activities, which is further driving growth of the food safety testing sector in the region.
Some of the leading companies operating in the global food safety testing market are Bio-Rad Laboratories, Inc., Intertek Group Plc, SGS SA, Eurofins Scientific SE, Thermo Fisher Scientific, Inc., ALS Limited. Laboratory Corp. of America Holdings, AsureQuality Limited, Bureau Veritas SA, and Scientific Analysis Laboratories Limited.
Explore Transparency Market Research’S Award-Winning Coverage of the Global Industry @ https://www.prnewswire.co.uk/news-releases/plastic-antioxidants-market-to-reach-us-1-4-bn-by-2027-massive-growth-potential-and-robust-cagr-aids-the-influx-of-new-players-in-global-market-tmr-822002147.html