DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Residue Testing Market - Global Forecast to 2021" report to their offering.
The residue testing market size is projected to reach USD 4.41 Billion by 2021, at a CAGR of 6.4% from 2016. The market is driven by increasing outbreaks of chemical contamination in foods, growing allergic reactions among children and adults, global movement of organic revolution, implementation of food safety regulations, and international trade of food materials.
The residue testing market was dominated by the European region in 2015. The recorded food safety issues, stringent policies, which follow the strategy of food safety from farm to fork were the key factors that have driven the market in this region.
Asia-Pacific is the fastest-growing region for residue testing due to the increasing number of outbreaks in food residues. Food safety is gaining importance in the region due to incidences of food contamination with chemical residues; for instance, various cases of food allergens, and toxicity were recorded. Growth in this region is driven by various rules & regulations implemented by different countries. Food security standards are becoming increasingly stringent to ensure safer supply of food to individuals in local and foreign countries, which further drives the market.
Lack of food control infrastructure and resources, especially in developing countries and lack of awareness about food safety regulations among upcoming food manufacturers are the major constrains in this market. Inappropriate standard of sample collection and lack of standardization of food safety regulations are considered to be challenging factors in the residue testing market.
- ALS Limited
- Asurequality Limited
- Bureau Veritas S.A.
- Eurofins Scientific SE
- Intertek Group PLC
- Microbac Laboratories, Inc.
- SCS Global Services
- SGS S.A.
- Silliker, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Residue Testing Market, By Type
7 Residue Testing Market, By Technology
8 Residue Testing Market, By Food Tested
9 Residue Testing Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/btclrd/residue_testing