Research and Markets - Global Food Safety Testing Market Worth USD 17.16 Billion by 2021 - Analysis, Technologies & Forecasts Report 2016-2021 - Vendors: ALS, Covance, SGS
DUBLIN, November 9, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Food Safety Testing Market by Contaminant (Pathogens, Pesticides, GMOs, and Toxins), Food Tested (Meat & Poultry, Dairy Product, Processed Food, and Fruits & Vegetables), Technology (Traditional and Rapid), and by Region - Global Forecast to 2021" report to their offering.
The global food safety testing market has grown exponentially in the last few years. The market size is projected to reach USD 17.16 Billion by 2021, at a CAGR of around 7.4% from 2016. Increase in outbreaks of foodborne illnesses, globally; implementation of stringent food safety regulations; and globalization of food supply are the major driving factors for the market.
The food safety testing market, based on contaminant, is segmented into pathogens, pesticides, GMOs, toxins, and others. Pathogens accounted for the largest market share and the GMOs segment is projected to grow at the highest CAGR during the forecast period due to the rising concern over health issues and implementation of stringent food safety regulations. Pathogen testing dominated the global demand for food safety testing, owing to the large number of foodborne outbreaks in food. Pathogens form one of the principal causes of foodborne illness worldwide, causing infections on a large scale. It is followed by pesticides, which is projected to remain the second-largest market through 2021.
The food safety testing market, based on technology, is segmented into traditional and rapid. Rapid technology accounted for the largest share of the food safety testing market in 2015. The importance of this technology is increasing due to its quick and accurate results, and ease of use. The stakeholders demand new and emerging technologies for analytical testing and certification for the high quality of their products. This has been driving the market for rapid technologies in food safety testing.
In the food tested segment, the market is segmented into meat & poultry, dairy products, processed food, fruits & vegetables, and others. The market for food safety testing on meat & poultry products is projected to accounted for the largest market share in 2015 and grow at the second-highest CAGR from 2016 to 2021. Globalization of food trade has been increasing the risk of food contamination, thereby increasing food safety concerns. Most food safety issues arise due to increase in international trade, which makes tracing contamination difficult. The change in climatic conditions, along with the globalization of food chains, may contribute to increased incidences of foodborne diseases & toxins, which is projected to drive its food safety testing service market.
Companies Mentioned:
- ALS Limited
- Asurequality Limited
- Bureau Veritas S.A.
- Covance Inc.
- DTS Food Laboratories
- Eurofins Scientific
- International Laboratory Services
- Intertek Group PLC
- Microbac Laboratories, Inc.
- SGS SA
- Silliker, Inc.
Report Structure:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Food Safety Testing Market, By Contaminant
8 Food Safety Testing Market, By Technology
9 Food Safety Testing Market, By Food Tested
10 Food Safety Testing Market, By Region
11 Regulations for the Food Safety Testing Market
12 Competitive Landscape
13 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/t2mqfv/food_safety
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