MarketsandMarkets

Food Safety Testing Market Expected to Reach 16.1 Billion USD by 2020

The global food safety testing market has been showing dynamic growth with the increasing concerns for food contamination and foodborne illnesses. The market has been experiencing growth, driven by increasing consumer awareness related to food safety issues. All regions have experienced severe outbreaks of foodborne illnesses and toxicity cases. Worldwide, stringent food safety regulations have been implemented to restrict the presence of pathogens or chemical contaminants that are responsible for the outbreak of foodborne illnesses. The market includes food testing laboratories as well as technology providers. These market players are experiencing increasing demand for food safety testing due to the concern of product recalls from food manufacturers and health issues from consumers.

 

Pune, India -- (SBWIRE) -- 10/05/2015 -- This report "Food Safety Testing Market - Global Trends & Forecast to 2020", defines and segments the food safety testing market with analyses and projections of the market size, in terms of value. The market has been segmented on the basis of technology, contaminant, and food tested.
Browse 88 tables and 77 figures spread through 210 Pages and in-depth TOC on "Food Safety Testing Market - Global Trends & Forecast to 2020"

Ask of Brief Illustration of this Report

Early buyers will receive 10% customization on this report.

The report also identifies the driving and restraining factors of the global market with an analysis of trends, opportunities, and challenges. The market is segmented and the market size is projected on the basis of key regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW).

The market for food safety testing is projected to reach a value of USD 16.1 Billion by 2020, at a CAGR of 7.4% from 2015.

Request for Sample of this Report

The North American government has spent billions of dollars to contain pathogen induced epidemics. The market will show rapid growth in developing regions such as Asia-Pacific, Africa/Middle East, Eastern Europe, and Central & South America. These regions will increase the global average growth rate. Globalizations in technology, industrialization bandwagon, and shift in living standards have also been essential factors for the increase in the demand for food safety testing throughout the world. Trade has been responsible for the growth of the food safety testing market in developing countries, since they need to meet the quality standards of the importing country.

Asia-Pacific is likely to be the fastest-growing region, due to the rising demand for food safety from consumers, producers, and regulators. The most rapid moving country in Asia-Pacific is China, and this will be amplified by the larger customer base. Australia has also been affected severely with pathogen induced foodborne diseases, and has prioritized food safety testing. Several billion Euros were spent by European health care system as a consequence of illnesses caused by contaminants.

Traditional technology includes traditional visual inspection, microbial assays, and culturing methods. The microbiological assays and culturing methods require minimum two to four days to produce results. It is a complex method and also time consuming. The time required for food safety testing is decisive for the quality and monitoring of food. Thus, the technological focus from conventional food safety testing methods has been shifting to rapid testing methods, which are efficient to generate results within a few hours, thereby driving the growth of the food safety testing market. Rapid testing methods such as PCR (Polymerase Chain Reaction) and immunoassay-based techniques are used to ensure timely analysis of a larger sample size and thereby reduce the time for food safety testing. These advanced technologies also ensure the detection of food contaminants of biological as well as chemical origins.

Meat, poultry, and dairy products are contaminated by salmonella and E. coli, while traces of campylobacter have been found in poultry, dairy products, and water. Listeria has been found to survive post-pasteurization techniques and re-contamination of processed products. The global food safety testing has been dominated by meat & poultry products owing to the fact that maximum number of illnesses have been due to meat & poultry products. The Asia-Pacific market is expected to grow due to the increase in agriculture produce trade supply. This is because the exported and imported products have to be safe and certified accordingly, based on the food safety regulations of that particular county.

About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Blog: http://www.marketsandmarketsblog.com/market-reports/food-and-beverage