Published Date : Jan 23, 2017
ALBANY, NY, Jan 23, 2017: The report titled “Global Food Safety Testing Market - By Technology, By Contaminant, By Food Tested, By Region, By Country: Opportunities And Forecasts (2016-2021) - (By Technology - Rapid, Traditional; By Contaminant - Pathogens, Pesticides, GMO, Toxins, Other Contaminants; By Food Tested - Meat & Poultry, Dairy Products, Processed Food, Fruits & Vegetables, Other Food Products; By Region - North America, Europe, APAC, ROW; By Country - US, Canada, Mexico, UK, Germany, Spain, Japan, China, India, Brazil, South” and is available for sale on the company website.
It presents insights into the growth drivers and restraints influencing the market’s trajectory around the world and between 2016 and 2021. It contains exhaustive data obtained via proven research methodologies and from trusted industrial sources. Besides this, the report segments the market based on various parameters for the purpose of the study. It further delves into analyzing the factors influencing the market’s growth across these segments over the course of the report’s forecast period.
Based on in-depth research, analysts concluded that the global food safety testing market will exhibit a CAGR of 7.31% between 2016 and 2021. The rising proliferation of food trade, increasing incidence of foodborne outbreaks, and the implementation of stringent regulations to ensure better food safety and easy access to novel technologies are the chief drivers of the global food safety testing market. In addition, the demand of efficient food safety testing methods is rising on account of the increasing number of food recalls witnessed around the world.
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By contaminants, pesticides, GMO, pathogens, toxins, and other contaminants make the key market segments. Of these, the global food safety testing market was dominated by the pathogen testing segment in 2015, while over the course of the forecast period the market is expected to witness the demand for GMO testing rising at a higher pace, enabling emerge as the segment demonstrating the fastest CAGR.
Regionally, the report has segmented the global food safety testing market into Europe, APAC, North America, and Rest of the World. Among these regions, the market is currently witnessing the strongest prospects in North America, as the leading countries in the region have implemented stringent food safety norms. However, over the forecast period APAC is expected to beat other regions in terms of CAGR as food safety laws tighten across emerging nations and consumers become more aware regarding the importance of the same.
To study the prevalent vendor landscape, the report also profiles companies such as DTS Food Laboratories, Bureau Veritas S.A, Asure Quality Limited, SGS SA, Covance Inc., Microbac Laboratories, Inc., and others. It also studies in detail the policies they adopted in the last few years and the impact of the same on the overall food safety testing market.
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