(Food-Beverage-News.Com, November 03, 2017 ) The Food Safety Testing Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Contaminants Detection: Comprises Pathogens, GMOs, Pesticides, Toxins, and Other.
Segmentation By Testing Technology : Comprises Natural (Plants and Animals) and Synthetic and other.
Segmentation By Food Types : Comprises Meat and Poultry Products, Dairy Products, Fruit & Vegetables, Processed Foods, and other.
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
The Global Food Safety Testing Market is growing with the rapid pace; mainly due to the burgeoning Food Industry. According to a recent study report published by the Market Research Future, The global market of Food Safety Testing is booming and expected to gain prominence over the forecast period. The global Food Safety Testing market is projected to accrual to a voluminous growth by 2025, registering a staggering CAGR of 7.2% between 2015 and 2025.
Verifying the product quality and ingredient authenticity is a major concern for the food industry. Confirming that food does not contain ingredients that are unacceptable to certain ethnic groups is also very significant. Testing facilities need to be able to trust their technology so that consumers can trust the labelling on food.
Global Food Safety Testing Market has been perceiving a steady growth owing to the stringent food safety regulations, increasing number of food poisoning outbreaks, and increasing consumer awareness on food safety and its implications. The trend of globalization in food supply trade is expected to further create huge traction in the Food Safety Testing Market.
Inadequate cooking, poor handling and improper stowage systems lead to contamination. Factors such as requirement of implementation of quality measures in bakery, ready to eat meals, dried processed products, infant diet, preserved and canned products due to its easy contaminant retention nature fosters the market growth up to a large extent. Additionally, some of the prominent factors such as augmented import and export activities that result in to the food supply trade globalization and which further increases contaminant level attributed to inadequate control and monitoring. Increasing adulteration level to improve product shelf life are providing impetus to the market growth. Besides, some significant entities such as Good Manufacturing Practices (GMP), Good Agricultural Practices (GAP), Hazard Analysis Critical Control Point (HACCP), and Good Hygiene Practices (GHP) contribute to the market growth.
Food Safety Testing Global Market - Competitive Analysis
Players operating in the global Food Safety Testing markets are focusing upon optimized situational awareness for commercial and residential customers and ensure their mission success. The Market appears to be highly competitive and diversified with the presence of large number of players having global presence. To gain the competitive edge and to sustain in the market, these players are heavily investing in R&D, global expansion, advanced technologies and product Launch. Players compete against each other based on factors such as the product quality, reliability, and cost. Marketers are tapping the growing markets for expansions. Key Players are addressing the critical needs of Food Safety market with a broad range of solutions and an efficient and complete workflow.
Food Safety Testing Global Market – Regional Analysis:
On the basis of regions the global Food Safety Testing market is divided into North America, Europe, Asia Pacific, and Middle East & Africa. North America is said to be the largest market with market share of around 38% on the global scale and expected to grow with the CAGR of more than 7% in the forecasted period. Europe is contributing market share of more than 34% and known as 2nd largest market of Food safety testing followed by the Asia Pacific. Asia Pacific is the fastest growing market as compared to other part of globe and has registered the CAGR of more than 8% and said to register the CAGR of more than 9.5% in the forecasted period.
