Pune, India -- (SBWire) -- 03/08/2019 --The global food safety testing market is expected to grow at significant CAGR around 7.5% throughout the forecast period and reach around US$ 25 billion by 2026.
According to the report named "food safety testing Market - Global Industry Analysis, Growth, Share, Size, Trends and Forecast, 2018-2026", escalating demand for healthy and nutritional food additives, increasing concerns about food safety, growing awareness regarding various health benefits, increasing geriatric population, ever-increasing healthcare costs, changing lifestyle patterns and ease of availability of various food safety testing techniques are some of the key factors that are fuelling the food safety testing market growth across the globe. Food safety testing are playing major role in the growth of the healthcare industry due to the growing consciousness towards the importance of digestive healthcare as these products provide various health benefits. Food safety testing is a process of examination of food products for chemicals, disease-causing organisms and other harmful materials. It is commonly targeted at three main food pollutants such as chemicals, pathogens and hereditarily adapted organisms. North America is anticipated to witness the highest growth rate over the forecast period owing to the growing awareness towards the food safety, improved consciousness about health benefits and technological advancements. Continuously changing lifestyle is playing the major role in the growth of regional food safety testing market.
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Rising Concerns about Food Safety and Availability of rapid growth in the food and beverages industry to Drive the Global Food safety testing Market Growth
The concern about the food safety and health issues among people is rapidly increasing with the changing lifestyle. This factor is increasing the demand for food safety testing. Increasing concerns about various health problems and rapidly growing food and beverages industry are some of the fundamental factors responsible for the rapid growth of food safety testing market globally. Escalating demand for healthy and nutritional food preservatives is one of the main factors influencing the growth of the global market. Growing awareness towards the favourable properties of probiotics is also anticipated to spur the demand for food safety testing, thereby supplementing the overall food safety testing market. Growth in the chemical contamination conditions and rising adulteration level are some of the major factors that driving the growth of the global food safety testing market. The increasing awareness about the health benefits and growth in various food diseases such as food poisoning, nausea and diarrhoea has been pouring the growth of the global market. Food safety testing also assist in the avoidance of oxidative harm related diseases such as cancer. The contaminant levels are increasing due to the rise in the import and exports, thereby increasing the need for food safety testing. Moreover, rising demand for pesticides residue and other contaminants testing for fruits and vegetables and growth in the global fruits & vegetables trade are anticipated to fuel the overall market growth during the forecast period. Moreover, the significant increase in food expenditure in emerging economies is further fuelling the market growth.
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North America to Grow at Subsatntial Rate in Food Safety Testing Market
Geographically, the global food safety testing market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is anticipated to contribute the highest revenue share and grow at highest CAGR during the forecast period owing to the growing awareness towards the food safety, improved consciousness about health benefits and technological advancements. Continuously changing lifestyle is playing the major role in the growth of regional food safety testing market. Government support for new product developments, food safety inspections and plenty of specialty health products are some of the fundamental factors driving the regional market growth. Asia Pacific is also expected to show substantial growth over the forecast period due to the increasing product demand, improvement in standard of living, increased awareness towards health issues and huge population. Food safety testing providers from the region are also focusing on the offering various advanced safety testing techniques.
Market Players
The food safety testing market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are Eurofins Scientific, Bureau Veritas S.A., Neogen Corporation, Intertek Group PLC, SGS AG, Idexx Laboratories Inc. and Bio-Rad Laboratories.
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TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Food Safety Testing
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Food Safety Testing Market By Contaminant
1.2.2.1. Global Food Safety Testing Market Revenue and Growth Rate Comparison By Contaminant (2015-2026)
1.2.2.2. Global Food Safety Testing Market Revenue Share By Contaminant in 2017
1.2.2.3. Pathogens
1.2.2.4. Pesticides
1.2.2.5. GMOs
1.2.2.6. Toxins
1.2.2.7. Others (Food allergens, chemical residue)
1.2.3. Food Safety Testing Market By Technology
1.2.3.1. Global Food Safety Testing Market Revenue and Growth Rate Comparison By Technology (2015-2026)
1.2.3.2. Global Food Safety Testing Market Revenue Share By Technology in 2017
1.2.3.3. Traditional
1.2.3.4. Rapid
1.2.3.5. Others
1.2.4. Food Safety Testing Market By Food Type
1.2.4.1. Global Food Safety Testing Market Revenue and Growth Rate Comparison By Food Type (2015-2026)
1.2.4.2. Global Food Safety Testing Market Revenue Share By Food Type in 2017
1.2.4.3. Residential buildings
1.2.4.4. Meat, poultry, & seafood
1.2.4.5. Dairy
1.2.4.6. Processed
1.2.4.7. Fruits & vegetables
1.2.4.8. Others (Cereals, raw food materials)
1.2.5. Food Safety Testing Market By Product
1.2.5.1. Global Food Safety Testing Market Revenue and Growth Rate Comparison By Product (2015-2026)
1.2.5.2. Global Food Safety Testing Market Revenue Share By Product in 2017
1.2.5.3. Dairy Products
1.2.5.4. Bakery & Cereals
1.2.5.5. Non-Alcoholic Beverages
1.2.5.6. Supplements
1.2.5.7. Others
1.2.6. Food Safety Testing Market by Geography
1.2.6.1. Global Food Safety Testing Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.6.2. North America Food Safety Testing Market Revenue and Growth Rate (2015-2026)
1.2.6.3. Europe Food Safety Testing Market Revenue and Growth Rate (2015-2026)
1.2.6.4. Asia-Pacific Food Safety Testing Market Revenue and Growth Rate (2015-2026)
1.2.6.5. Latin America Food Safety Testing Market Revenue and Growth Rate (2015-2026)
1.2.6.6. Middle East and Africa (MEA) Food Safety Testing Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter's Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Food Safety Testing Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Food Safety Testing Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Food Safety Testing Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Food Safety Testing Major Manufacturers in 2017
CHAPTER 4. Food Safety Testing Market By Contaminant
4.1. Global Food Safety Testing Revenue By Contaminant
4.2. Pathogens
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Pesticides
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. GMOs
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Toxins
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.6. Others (Food allergens, chemical residue)
4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. Food Safety Testing Market By Technology
5.1. Global Food Safety Testing Revenue By Technology
5.2. Traditional
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Rapid
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Others
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. Food Safety Testing Market By Food Type
6.1. Global Food Safety Testing Revenue By Food Type
6.2. Residential buildings
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Meat, poultry, & seafood
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Dairy
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.5. Processed
6.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.6. Fruits & vegetables
6.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.7. Others (Cereals, raw food materials)
6.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. Food Safety Testing Market By Product
7.1. Global Food Safety Testing Revenue By Product
7.2. Dairy Products
7.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.3. Bakery & Cereals
7.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.4. Non-Alcoholic Beverages
7.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.5. Supplements
7.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.6. Others
7.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 8. North America Food Safety Testing Market By Country
8.1. North America Food Safety Testing Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. North America Food Safety Testing Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. U.S.
8.3.1. U.S. Food Safety Testing Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
8.4. Canada
8.4.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
8.5. Mexico
8.5.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
CHAPTER 9. Europe Food Safety Testing Market By Country
9.1. Europe Food Safety Testing Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Europe Food Safety Testing Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. UK
9.3.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.4. Germany
9.4.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.5. France
9.5.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.6. Spain
9.6.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.7. Rest of Europe
9.7.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
CHAPTER 10. Asia-Pacific Food Safety Testing Market By Country
10.1. Asia-Pacific Food Safety Testing Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Asia-Pacific Food Safety Testing Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. China
10.3.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
10.4. Japan
10.4.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
10.5. India
10.5.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
10.6. Australia
10.6.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
10.6.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
10.7. South Korea
10.7.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
10.7.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
10.8. Rest of Asia-Pacific
10.8.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
10.8.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
CHAPTER 11. Latin America Food Safety Testing Market By Country
11.1. Latin America Food Safety Testing Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Latin America Food Safety Testing Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Brazil
11.3.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
11.4. Argentina
11.4.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
11.5. Rest of Latin America
11.5.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
CHAPTER 12. Middle East Food Safety Testing Market By Country
12.1. Middle East Food Safety Testing Market Revenue and Growth Rate, 2015 - 2026 ($Million)
12.2. Middle East Food Safety Testing Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. Saudi Arabia
12.3.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
12.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
12.4. UAE
12.4.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
12.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
12.5. Rest of Middle East
12.5.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
12.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
CHAPTER 13. Africa Food Safety Testing Market By Country
13.1. Africa Food Safety Testing Market Revenue and Growth Rate, 2015 - 2026 ($Million)
13.2. Africa Food Safety Testing Market Revenue Share Comparison, 2015 & 2026 (%)
13.3. South Africa
13.3.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
13.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
13.4. Egypt
13.4.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
13.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
13.5. Rest of Africa
13.5.1. Market Revenue and Forecast By Contaminant, 2015 - 2026 ($Million)
13.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
CHAPTER 14. COMPANY PROFILE
14.1. Eurofins Scientific
14.1.1. Company Snapshot
14.1.2. Overview
14.1.3. Financial Overview
14.1.4. Product Portfolio
14.1.5. Key Developments
14.1.6. Strategies
14.2. Bureau Veritas S.A.
14.2.1. Company Snapshot
14.2.2. Overview
14.2.3. Financial Overview
14.2.4. Product Portfolio
14.2.5. Key Developments
14.2.6. Strategies
14.3. Neogen Corporation
14.3.1. Company Snapshot
14.3.2. Overview
14.3.3. Financial Overview
14.3.4. Product Portfolio
14.3.5. Key Developments
14.3.6. Strategies
14.4. Intertek Group PLC
14.4.1. Company Snapshot
14.4.2. Overview
14.4.3. Financial Overview
14.4.4. Product Portfolio
14.4.5. Key Developments
14.4.6. Strategies
14.5. SGS AG
14.5.1. Company Snapshot
14.5.2. Overview
14.5.3. Financial Overview
14.5.4. Product Portfolio
14.5.5. Key Developments
14.5.6. Strategies
14.6. Idexx Laboratories Inc.
14.6.1. Company Snapshot
14.6.2. Overview
14.6.3. Financial Overview
14.6.4. Product Portfolio
14.6.5. Key Developments
14.6.6. Strategies
14.7. Bio-Rad Laboratories
14.7.1. Company Snapshot
14.7.2. Overview
14.7.3. Financial Overview
14.7.4. Product Portfolio
14.7.5. Key Developments
14.7.6. Strategies
14.8. Others
14.8.1. Company Snapshot
14.8.2. Overview
14.8.3. Financial Overview
14.8.4. Product Portfolio
14.8.5. Key Developments
14.8.6. Strategies
CHAPTER 15. RESEARCH APPROACH
15.1. Research Methodology
15.1.1. Initial Data Search
15.1.2. Secondary Research
15.1.3. Primary Research
15.2. Assumptions and Scope
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Food Safety Testing Market Size Is Projected to Reach USD 25 Billion by 2026 Expanding at CAGR of 7.5%
Food Safety Testing Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026