The global food testing and certification market in 2017 is estimated to be valued close to US$ 8,500 Mn, and is anticipated to register a CAGR of 6.6% over the forecast period (2017-2027). At this pace, the market is likely to acquire US$ 16,050 Mn by the end of 2027.
Albany, NY -- (SBWIRE) -- 09/01/2017 -- Food safety is one of the topmost priorities for officials all across the globe. The quality of food needs to be properly analyzed and approved before it reaches the consumers. Hence, the requirement for food testing and certification is quite crucial in today's time. To learn more, a new study has been added to the wide database of Market Research Reports Search Engine (MRRSE). This research report is titled "Food Testing and Certification Market: Global Industry Analysis and Opportunity Assessment, 2017–2027", which enclosed useful data about the present and future market status for food testing and certification. Further, details about the various trends and opportunities are also offered to enlighten the readers in a precise manner.
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Food safety involves public health and with the involvement of government and regulatory bodies, the market is gaining good speed for the future. In order to prevent food borne illnesses, increase food safety and avoid fraud certification cases, regulatory bodies are teaming up with private certification agencies to boost food safety. As per key research insights, the global food testing and certification market in 2017 is estimated to be valued close to US$ 8,500 Mn, and is anticipated to register a CAGR of 6.6% over the forecast period (2017-2027). At this pace, the market is likely to acquire US$ 16,050 Mn by the end of 2027.
The research study talks about the executive summary which covers a market overview and market analysis. Further, this section of the report discusses the market taxonomy and market definition to educate the readers in a simplistic manner. The market view point is also enclosed in the study which focuses on the macro-economic factors and opportunity analysis.
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The next section of the report highlights the geographical expanse of the global food testing and certification market. As per the report, the primary regions targeted are North America, Western Europe, Eastern Europe and Latin America. Each of these regions is further analyzed based on prominent countries and other facets such as key regulations, drivers, restraints, trends, market size and market attractiveness. Furthermore, Western Europe is expected to record the highest CAGR of 7.0% during the forecast period, whereas, Asia Pacific is likely to witness significant growth during the period between 2017 and 2027.
Moving ahead, the major applications of the global food testing and certification market include food, beverages, and oils & fats. Under food, the prime segregation includes animal nutrition and human nutrition, which covers meat & poultry, seafood, diary, bakery & confectionary, fruits & vegetables, processed food, pet food and others. This report presents a complete picture related to the global food testing and certification market which proves helpful for investors to frame and implement new ideas.
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