Food Testing Market is anticipated to grow at a 7.60% CAGR from 2016 to 2021
Hyderabad, India -- (SBWIRE) -- 03/13/2018 -- Pathogen testing is a method of detecting and eliminating pathogens in food products contaminated due to improper cooking, storage, or exposure to animal manure. The process involved in pathogen testing embodies screening of pre-processed raw materials, monitoring, and releasing the safe finished product in an accurate and price effective manner. The vendors operating within the world food safety testing market are expected to achieve new opportunities in the developing countries thanks to a rise in the awareness among the customers.
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Food Testing Market is anticipated to grow at a 7.60% CAGR from 2016 to 2021 and is approximated that the global market was valued at USD 12.85 billion in 2016 and is relied upon to attain USD 18.53 billion by 2021.
One of the necessary factors liable for driving the development of the world food safety testing market embody globalization of supply chain of food. Factors like fast increase in foodborne illness outbreaks, globalization of food supply, implementation of rigorous food safety rules, media influence on client awareness relating to food safety, and accessibility of advanced technology that has considerably quickened up the testing process are anticipated to drive the market growth.
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However, the shortage of food control infrastructure, restricted resources in rising economies, and moderate awareness among the customers are some of the restraints faced by this market.
Implementation of strict food safety rules by numerous regulatory agencies is additionally expected to drive the development of the global food safety testing market. This, backed by growing incidences of outbreaks and diseases spread through food is additionally driving the demand for methods of keeping food safer. Additionally to this, media impact on the purchasers is making additional awareness regarding the security of food. It is expected to significantly propel the expansion of the world market for food safety testing.
With the presence of rather stringent regulatory bodies like the FDA of the United States, North America region possesses the largest market share. The Asia-Pacific market is predicted to have the highest market growth rate in the forecast period.
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The top companies in the current market include SGS SA, Eurofins Scientific, Intertek Group plc, Bureau Veritas SA, ALS Limited, Mérieux NutriSciences, TÜV SÜD, TÜV Nord Group and AsureQuality Ltd.
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