Transparency
Market Research has recently published a new research report that
discusses the factors negatively impacting the food and beverages
industry and thereby propelling need for global
food safety products market and food safety testing. The research
report, titled “Food Safety Products Market And Food Safety Testing
Market - Global Industry Size, Market Share, Trends, Analysis And
Forecast 2010 - 2018,” explains factors influencing the segments of
the overall market by using SWOT analysis. Furthermore, it also uses
Porter’s five forces analysis to highlight the intensity of
competitive rivalry, the threat of substitute products or services,
the threat of new entrants, the bargaining power of customers, and
the bargaining power of suppliers.
According
to the research report, the global food safety products market was
valued at US$10.15 bn in 2010 and is projected to reach US$19.42 bn
by 2018, rising at a CAGR of 8.6% from 2010 to 2018. On the other
hand, the global food safety testing market stood at US$2.56 bn in
2010 and is anticipated to reach US$4.89 bn by the end of 2018,
surging at an 8.5% CAGR between 2010 and 2018.
The
growth of the food safety products market and food safety testing
market will be attributable to the high incidence of food-related
diseases and ailments that are a result of various types of
contaminants. Additionally, increasing concerns about food safety
amongst consumers and strict regulatory framework laid down by
policymakers is also augmenting the overall market. These strong
market drivers are being tugged in this opposite direction by
restraints such as poor rate of awareness about food safety in
several underdeveloped and developing countries. Furthermore,
disorganization in compliance regulation systems is also likely to
hamper the growth of this market.
Regionally,
Europe held a 34% share in the global food safety products and food
safety testing market in terms of revenue in 2011. The European
region was followed by Asia Pacific and North America. However,
research indicates that in the coming few years the demand for food
safety products and food safety testing in Asia Pacific will boom,
making this region the fastest-growing market all through 2018.
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a Brochure of this Report
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As
of 2011, the global food safety testing market was led by traditional
tests, accounting for a share of 52% in the market in 2011. The rapid
sharing methods followed this segment with the remaining 48% share in
the market in 2011. Researchers predict that the rapid test segment
will surpass However, the limitation of traditional methods to
provide instant results will hamper its growth in the coming years,
giving rapid tests a fair chance to move up the ladder by the end of
2018.
Some
of the key players in the global food safety products market and food
safety testing market are Biocontrol Systems Incorporated, Biomerieux
SA, 3M Company, Thermofischer Scientific, Roka Bioscience, Bio-Rad
Laboratories Incorporated, Agilent Technologies Incorporated, Douglas
Scientific, EL DU Pont De Nemours & Co., IDDEX Laboratories INC,
and Ecolab Incorporated. The research report profiles these players
and provides a thorough analysis of the competitive landscape present
in the overall market. Furthermore, it also provides an assessment of
expansion plans, branding idea, business and marketing strategies,
research and development activities, financial outlook, and
investment plans of these companies for the near future.
The
study presents a comprehensive assessment of the stakeholder
strategies and overall market by segmenting the food safety market as
below:
Food
Safety Products Market, by Types:
- Disinfection Products
- Diagnostic Products
- Disposable Gloves
- Smart Labels & Tags
- Software Tracking Systems
Food
Safety Testing Market, by Contaminants:
- Pathogens
- Pesticides
- Genetically Modified Organisms (GMOs)
- Toxins
- Others
Food
Safety Testing Market, by Pathogens:
- Listeria
- Salmonella
- Coli
- Campylobacter
- Others
Food
Safety Testing Market, by Food Types:
- Processed Foods
- Meat & Poultry
- Dairy Products
- Fresh & Frozen Fruits & Vegetables
- Others
Food
Safety Testing Market, by Technology:
- Traditional Methods
- Rapid Methods
Food
Safety Rapid Testing Market, by Types:
- Convenience-Based Methods
- Immunoassay-Based Methods
- PCR-Based Methods
- Other Molecular-Based Methods
The
report provides cross-sectional analysis of all the above segments
with respect to the following geographical markets:
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
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