Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Market Overview:
The global Food Safety Testingmarket was valued at USD 3.80billion in 2016 and is projected to reach USD 7.29billionby 2025, growing at a CAGR of 7.5% from 2017 to 2025.
Food contamination as a trend is increasing rapidly. The faults in existing food checking infrastructure are responsible for these problems. With rising consumer awareness regarding quality of food consumed the usage of Food Safety Testing services is expected to grow rapidly.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Global increase in outbreaks of foodborne illnesses
1.2 Rising instances of chemical contamination of food products
2. Market Restraints
2.1 Lack of food control infrastructure in developing countries
Market Segmentation:
The global Food Safety Testingmarket is segmented on the target tested, technology, product,and region.
1. By Target Tested:
1.1 Pathogens
1.1.1 E.Coli
1.1.2 Salmonella
1.1.3 Campylobacter
1.1.4 Listeria
1.1.5 Others
1.2 Pesticides
1.3 GMO's
1.4 Toxins
1.5 Others
2. By Technology:
2.1 Traditional
2.2 Rapid
2.2.1 Convenience Based
2.2.2 Immunoassay
2.2.3 Polymerase Chain Reaction (PCR)
2.2.4 Chromatography and Spectrometry
3. By Product:
3.1 Infant Food
3.2 Yogurt
3.3 Milk and Milk Powder
3.4 Cheese, Butter and Spreads
3.5 Ice Cream and Desserts
3.6 Others
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. SGS
2. Eurofins
3. Intertek
4. Bureau Veritas
5. TUV SUD
6. ALS Limited
7. TUV Nord Group
8. Laboratory Corporation of America Holdings
9. MerieuxNutrisciences
10. Genetic ID NA
11. Asurequality
12. Microbac Laboratories
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Food Safety Testingmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
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