The Global Food Safety Testing Market was valued at $18.50 Billion in 2018 and is forecast to grow at a modest 6.9 % CAGR between 2018 and 2025, culminating in 2026 global sales of $25.80 Billion.
Food safety is a systematic discipline describingthe preparation, handling,and storage of food in ways that avoid food-borne illness. In deliberate industry to market performs, food safety attentions include the roots of food including the practices relating to food additives, food hygiene,food labeling,and pesticide residues, as well as policies on biotechnology and food and guidelines for the management of governmental import and export inspection and certification systems for foods. Due to increasing awareness towards foodborne diseases and numerous technologically progressive techniques and equipment arranged for food safety testing, the market has been stepping on the edge of a healthy growth route over the past and the market is projected to endure to show strong growth over the forecast period.The massive enlargement of the global food and beverages industry joined with the growth of the foodservice industry, is also acrucialaspectmoves the growth of the global food safety test market. The increasing demand for packaged food in the section determined by changing lifestyle, technological improvement, modern retail trades, and augmented popularity of quick-service restaurant or food court have an optimistic influence on market evolution.
“Optimal Price Point (OPP) for Global Food Safety Testing”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in the China Global Food Safety Testing materials are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Global Food Safety TestingMarket by “Key Test Type”
We have segmented the Global Food Safety Testing based on Key Test Type as Allergen Testing, Chemical & Nutritional Testing, Microbiological Testing.
We have observed that the rapid growth of Food Safety Testing followed by Microbiological Testing having the largest market share over the forecast period. This test can detect the microorganism bacteria which can damage human health such as Salmonella, E. Coli, Campylobacter, listeria, and bacteria.
We have also observed the fastest growth ofFood Safety Testing followed by GMO (Genetically Modified Organism) with a healthy CAGR 6.5%in the market. Increase the awareness for GMOs in food and unavailability of nutritional and safety properties of genetically modified food will enhance the GMOs test in the food segment.
Global Food Safety TestingMarket by “End-Use”
We have segmented the Global Food Safety Testing market based on End-Use are Meat, Poultry, & Seafood Products, Dairy & Dairy Products, Processed Food, Beverages, Cereals & Grains, Others.
We have observed that Food Safety Testing dominated worldwide by the Meat, Poultry, & Seafood Products segment inthe market. Because these products are coming under FSIS (Food Safety and Inspection Service) and HACCP food safety control system with better processing, packaging and storing. The meat product is consisting of some chemical constitutions like protein, protein fat-free basis and fat & moisture content which propels the market demand in the form of revenue.
We have also observed the rapid growth of Process Food in the market which expects to grow by shares during the forecast period. These segments are testing with health claims, allergen testing, shelf life testing, sensory analysis, and packaging migration analysis which is very convenience and ready to Consume.
Also, the rising of high-quality liquid beverages with longer period consumption such as Fruit juice, soft drink, energy drinks, and alcoholic beverages are anticipated to grow the demand over the forecast period.
North America and Europe accounted for the maximum revenue share of over xx% in 2018 due to increased demand of Global Food Safety Testing materials followed by EU- Top 5 countries contribute $X.6 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The rapid growth of health awareness and availability of Global Food Safety Testing materials option create an impact in developing countries for the demand for maintaining food standard and protecting consumer health.
“Competitive Landscape”and “Merger& Acquisition Insights”
The key market participants include SGS SA, Eurofins Scientific, Bio-Rad Laboratories, ALS limited, Intertek Group plc, Bureau Veritas SA, TUV SUD, Laboratory Corporation of America Holdings, AsureQuality Ltd., and DNV GL.are few major players in Global Food Safety Testing markets. TheGlobal Food Safety Testing market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Global Food Safety TestingMarket byKey Test Type(Revenue, Million, 2018 – 2026)
- Allergen Testing
- Chemical & Nutritional Testing
- Microbiological Testing
Global Food Safety Testing Market by End-Use(Revenue, Million, 2018 – 2026)
- Poultry & Seafood Products
- Dairy & Dairy Products
- Processed Food
- Cereals & Grains
Global Food Safety Testing Market Regional Outlook (Revenue, USD Million, 2018-2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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