Global Market for Food Safety Testing is Projected to Reach US$16 Billion by 2020

Growing Emphasis on Food Safety Drives Demand for Food Safety Testing, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Food Safety Testing markets. Global market for Food Safety Testing is projected to reach US$16 billion by 2020, driven by increasing demand for safe and high quality food, growing investments in new testing methods, and tightening government regulations over food safety.

The food and beverage industry is one of the most regulated industries subject to constant scrutiny. Routine testing of food products is gaining prominence worldwide owing to the growing emphasis on enhancing the safety and quality of food supply to control food-borne illnesses. Geographic expansion of retail food chains has also enhanced awareness about food contamination and its consequences. Globalization, changing international food trade policies and the need to comply with various food safety regulations are also driving the demand for food safety testing.

Pathogen Testing represents the largest market sector, driven by strict regulatory norms. As regulations and legislations for pathogen testing continue to be enforced, the transformation towards rapid screening procedures is picking up pace. Molecular methods are gaining prominence in pathogen testing market, given the ease-of-use and faster time for results, associated with the technique. Molecular tests also hold an edge as they are capable of providing specific information related to a species, which is essential while investigating disease outbreaks or epidemics. Processed food represents the largest end-use market for food safety testing products. The meat industry represents a rapidly growing end-use market largely due to the high susceptibility of meat to contamination. Rapid microbiological testing is increasingly finding application in the food industry, as companies resort to automated and rapid tests.

As stated by the new market research report on Food Safety Testing, Europe represents the largest market worldwide, closely followed by the United States. Emerging economies are expected to spearhead future growth in the market, driven by economic development and increasing government regulations pertaining to food and water. Asia-Pacific is projected to emerge as the fastest growing regional market with a CAGR of 7.6% over the analysis period. Heavy dependence on agricultural commodity exports and compliance to food safety represent key growth drivers in the region. In addition, entry of private sector enterprises is helping revolutionize quality assurance standards in these markets.

Major players covered in the report include 3M Company, bioMérieux SA, Celsis International Ltd., Charm Sciences Inc., DuPont Molecular Diagnostics, Neogen Corporation and Thermo Fisher Scientific Inc., among others.

The research report titled "Food Safety Testing: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities of major companies worldwide. The report provides market estimates and projections in US dollars for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East and Latin America (Brazil and Rest of Latin America). Testing types analyzed include Pathogen Testing, Pesticide Testing, GMO Testing, and Others.

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