The
global market for food safety products and food safety testing might
never be unneeded. As long as the scope for food-borne illnesses
exist, food testing will be an inherent part of the food and
beverages industry. Even if we were to discount the intentional use
of harmful chemicals and products in the food we eat, there will
still be a sizeable margin left for human error and the use of
chemicals presumed to be non-toxic. With the recent increase in the
number of patients suffering from food poisoning, the global food
safety products and food safety testing market could witness a
significant rise.
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full Food
Safety product & testing market
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Projected
to exhibit a CAGR of 8.60% between 2010 and 2018, the global food
safety products and food safety testing market can be expected to
rise from US$10.1 bn in 2010 to US$19.4 bn by 2018. At the moment,
the key players influencing and thriving in the global food safety
products and food safety testing market are Ecolab, Bio-Rad
Laboratories, Inc., IDDEX Laboratories, Inc., Roka Bioscience,
Agilent Technologies, Inc., Douglas Scientific, Biocontrol Systems,
Inc., and Thermo Fisher Scientific. Each company holds its own major
stake in the market over single or multiple regions, depending on
their reach.
Key
Players in the Market and their Recent Activities
Thermo
Fisher Scientific recently received the U.S. FDA’s approval for
releasing a new set of tests for detecting allergen components in
hazelnut, cashews, and walnuts. The firm is one of the topmost
players in the global food safety products and food safety testing
market and continues to grow alongside this market. This allows the
company to use five new tests for IgE sensitization in the given
product. The five new ImmunoCAP Allergen Components tests will be
conducted in the lab systems provided by Phadia Laboratory Systems.
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Food
Testing in High Demand in Emerging Economies
From
a geographical standpoint, the global food safety products and food
safety testing market is already quite developed in North America and
Europe. Europe led the market in 2011 with a share of 34% in the
market, followed by North America and Asia Pacific. The future of the
global food safety products and food safety testing market, however,
resides in the exceptionally high demand posted by the emerging
economies in the Asia Pacific region.
Smart
Tags and their Effect on Food Testing’s Future
The
largest product segment of the global food safety products and food
safety testing market in 2011 was disinfection. With a 43% share in
the market for that year, disinfection products were, and continue to
be, the most sought-after products for food testing. Indeed,
disinfection products are exhibiting a CAGR of 8.20% between 2010 and
2018. They totaled at US$4.4 bn in 2010 and can be expected to reach
around US$8.3 bn by the end of 2018. The future of the global food
safety products and food safety testing market could, however, lie in
the rapidly expanding smart labels and tags segment.
Researchers
from the Peking University, Beijing, had already been working on
smart tags that can tell when a food or medicine product is spoilt.
The tags change color from orange to green, signifying a range of
food integrity between “100% fresh” to “100% stale”. With
tech like this, the future of the global food safety products and
food safety testing market could be built around instant procedures
to test food and make it safer.
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the full Press
Release:http://www.transparencymarketresearch.com/pressrelease/food-safety-products-market.htm
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