The food safety testing market was valued at USD 12.01 Billion in 2016. It is projected to grow at a CAGR of 7.60% from 2017, to reach 18.54 Billion by 2022.
Seattle, WA -- (SBWIRE) -- 09/07/2017 -- The report "Food Safety Testing Market by Food Tested (Meat & Poultry, Dairy, Processed Foods, and Fruits & Vegetables), Target Tested (Pathogens, Pesticides, GMOs, and Toxins), Technology (Traditional and Rapid), and Region - Global Forecast to 2022", The food safety testing market was valued at USD 12.01 Billion in 2016. It is projected to grow at a CAGR of 7.60% from 2017, to reach 18.54 Billion by 2022. The global food safety testing market is expanding with considerable growth potential over the next five years. The growth of this market can be attributed to global rise in foodborne outbreaks, advancements in testing technologies, globalization of food supply, and stringent international food safety regulations.
Browse 87 Market Data Tables and 92 Figures spread through 238 Pages and in-depth TOC on "Food Safety Testing Market - Global Forecast to 2022"
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Pathogen estimated to be the largest segment of target tested in 2017.
The pathogen segment is estimated to account for the largest market share in the food safety testing market in 2017. Salmonella, E. coli, Listeria, and Campylobacter are the major pathogens responsible for food contamination and toxicity. They account for major contaminants found in food and account for major number of food safety testing. Increasing incidences of foodborne illness, globally, due to pathogen outbreaks is driving the pathogen segment.
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Rapid technologies to be dominant in 2017.
The rapid segment is estimated to account for the larger share in the food safety testing market, in terms of value, in 2017. Multifunctional testing options that offer time-efficient and flexible testing to its end users form a key driver fueling the growth of rapid technologies.
North America is estimated to be the most lucrative market for food safety testing.
In 2017, the North American market is estimated to account for a significant share in the global food safety testing market. The significant share in the North American region is attributed due to the increase in outbreaks of foodborne illnesses, stringent regulations pertaining to food safety, presence of large number of food safety testing players, and growth in population in the region.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as the SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), Bureau Veritas SA (France), ALS Limited (Australia), Mérieux NutriSciences (US), TÜV SÜD (Germany), TÜV Nord Group (Germany), AsureQuality Ltd (New Zealand), Microbac Laboratories, Inc. (US), Genetic ID NA, Inc. (US), and Laboratory Corporation of America Holdings (US).
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