DUBLIN--(BUSINESS WIRE)--The "Food Safety Testing Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The future of the global food safety testing market looks promising with opportunities in the dairy products, food grains, meat, poultry, & seafood, fruits & vegetables, processed foods, and beverage industries. The global food safety testing market is expected to reach an estimated $7 billion by 2026 with a CAGR of 6.9% from 2020 to 2026. The major drivers for this market are growing incidence of foodborne diseases, implementation of food safety and inspection services all over the world and strong growth in food and beverage industry.
Emerging trends, which have a direct impact on the dynamics of the industry, include usage of DNA-based PCR-testing method for GMOs and introduction of mass spectral detection.
A total of 126 figures/charts and 89 tables are provided in this 213-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global food safety testing market report, then read this report.
The study includes trends and forecasts for the global food safety testing market by contaminant, technology, end use, and region.
Some of the food safety testing companies profiled in this report Eurofins Scientific, SGS S.A., Intertek Group, ALS Ltd., Bureau Veritas, Asurequality Limited, and Merieux NutriSciences.
The analyst that pathogens will remain the largest segment over the forecast period due to growing food safety concerns and regulation due to growing food poisoning cases. The analyst predicts that the genetically modified organisms (GMO) segment is expected to witness the highest growth during the forecast period due to the technological advancement in agriculture sector to produce genetically modified crops and increasing consumer awareness regarding health.
Meat, poultry, and seafood will remain the largest end use over the forecast period due to increasing number of companies that are highly engaged in providing services related to animal foods such seafood, meat and others in which seafood requires special safety services.
Europe will remain the largest region over the forecast period due to stringent regulation in the region for food safety, and the presence of giant food and beverage manufacturers in this region. APAC is expected to witness the highest growth over the forecast period due to growing international trade which has mandated food safety testing to comply the regulatory standards and growing population.
Features of the Global Food Safety Testing Market
- Market Size Estimates: Global food safety testing market size estimation in terms of value ($M).
- Trend and Forecast Analysis: Market trends (2015-2020) and forecast (2021-2026) by various segments.
- Segmentation Analysis: Global food safety testing market size by contaminant, technology, end use, and region in terms of value.
- Regional Analysis: Global food safety testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different by contaminant, technology, end use, and region for the global food safety testing market.
- Strategic Analysis: This includes M&A, new product development, and the competitive landscape of the global food safety testing market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Key Topics Covered:
1. Executive Summary
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2015 to 2026
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Geographical Reach
5.4: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Food Safety Testing Market by Contaminant
6.1.2: Growth Opportunities for the Global Food Safety Testing Market by Technology
6.1.3: Growth Opportunities for the Global Food Safety Testing Market by End Use
6.1.4: Growth Opportunities for the Global Food Safety Testing Market by Region
6.2: Emerging Trends in the Global Food Safety Testing Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Food safety testing Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Food Safety Testing Market
7. Company Profiles of Leading Players
7.1: Eurofins Scientific
7.2: SGS S.A.
7.3: Intertek Group
7.4: Bureau Veritas
7.5: Asurequality Limited
7.6: ALS Ltd.
7.7: TUV SUD AG
7.8: Laboratory Corporation of America Holdings
7.9: Merieux NutriSciences
7.10: NSF International
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