Food Safety Testing Market To Reach US$1304.5 mn by 2025

A recent report by Transparency Market Research on global food safety testing market states that the market is projected to witness an impressive growth over the period of time. The report states that the market is expected to witness a substantial 8.9% CAGR during the forecast period of 2017 to 2025. According the report the growth of the market is attributed to several lucrative opportunities leveraged by numerous market players. Owing to the development by the market players, the global food safety testing market is anticipated to grow from US$ 658.5 mn in 2016 to US$ 1.30 bn by the end of 2025. This implies that the market has a huge growth potential that can help players to grow rapidly in the projected duration.

However, currently, the global food safety testing market is highly competitive and fragmented. This is because of the presence of various prominent players that dominates the dynamics of the market. These players are responsible for the developments and setting of trends in the market.

However, due to this landscape, it is shall be very difficult for the new players to enter the global food safety testing market. As a result, the players are adopting strategies such as partnerships, collaborations, and mergers.

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Demand for Food Safety to Boost the Market

The g global food safety testing market is majorly driven by the growing demand for safety of the food products. Several authorities across the globe are formulating stringent regulations to regulate the food safety in respected countries. These regulations have surged a major requirement for testing equipment and services that can provide accurate results. As a result of these regulation, the players of the global food safety testing market can present various solutions that can enhance the safety of the food products. It is due to these demand and requirement for high food safety, the global food safety testing market is experiencing a major growth from 2017 to 2025.

Growing Technological Developments Propels the Market

To get the best results from the test and ensure the safety of the health of the people, the players of global food safety testing market are incorporating advanced technologies. They are putting their money on technologies like IoT, AI, and biosensor and chemosensory devices. These technologies help the businesses to ensure the result are of pin-point accuracy and deliver the best possible outcome. Due to these technological developments the global food safety testing market is projected to witness a substantial growth from 2017 to 2025.

Asia Pacific is projected to Emerge as a Leading Region

Developing countries like India are investing a huge amount in the development of food safety. The country is organizing several initiatives and regulating numerous compliances to ensure the quality of the food products. Moreover, as a result of globalization, various new food and beverages businesses are landing in the country. To ensure they have the optimum products according to the food authorities of India, food safety tests have become excessively prominent. Due to these developments, Asia Pacific is expected to emerge as the most lucrative region of global food safety testing market from 2017 to 2025.

Food Safety Testing Market To Reach US$1304.5 mn by 2025

The global food safety testing market is anticipated to demonstrate healthy growth in the forthcoming years, as reported by Transparency Market Research (TMR). The vendor landscape of the market comprises of a number of small-and medium-sized enterprises, leading to fragmentation in the competitive ecosystem. Currently, five leading vendors currently hold approximately 20% of the total market share, as estimated in 2016. The key strategy adopted by players in order to gain market traction is deployment of premium services to users. This is expected to garner novel opportunities for budding market players. Market participants are expected to gain by investing significantly in research and development in the arena.

Leading vendors operating in the global food safety testing market are SGS S.A., Eurofins Scientific SE, Thermo Fisher Scientific, Bureau Veritas SA, and Bio-Rad Laboratories, Inc.

TMR predicts that the global food safety testing market is likely to reach US$1.3 bn by 2025, rising form and estimated US$0.6 bn in 2017. Over the forecast period of 2017 to 2025, the market is prognosticated to grow at a CAGR of 8.9%. In terms of the contaminant, the segment of pathogens held the prominent market share, with 42.5% of the overall revenue. Regionally, Europe is predicted to lead the global market, while accounting for 36.3% share as estimated in 2017.

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Ever-rising Food Safety Regulations to Provide Impetus to Growth

Food supply and nature of food are under consistent risk universally, and there is a rising interest for successful test solutions that can guarantee food safety. The act of food safety testing has increased over the previous years, attributable to incrementing rates of food-borne diseases and infection by tainted food products. Consumer forums and other non-benefit government associations are playing a key role in paving a way for food safety. Every one of these associations advocate for food safety in an unexpected way; while one focusses on exhibiting data through science and research, another focuses on demonstrating the genuine effects of food-borne disease, focuses more on consumer inclinations.

Pathogen testing currently commands the food safety testing market, with organic product and vegetable testing for contaminants being the most lucrative application region. Pathogens are harmful microorganisms that reason weakening of food quality and trigger genuine medical problems. Recent concerns regarding microbial contaminants, for example, E. coli and Salmonella, are driving the global food safety testing market.

Rise of Technologically Accurate Devices for Safety Testing to Push Development

The most recent biosensoristic and chemosensoristic devices utilized for discovery of contaminants in both natural and food systems, are convenient and take into account fast diagnostics. The optical and electrochemical bio/chemosensoristic devices are utilized as promising instruments in on location and ongoing applications for observing of food networks. This will have enormous effect on the food testing market soon.

Present food safety testing regularly includes setting food tests in a culture dish to see whether harmful bacterial states frame, yet that procedure takes a few days. Faster procedures in light of immunizer microscopic organisms’ connections or bacterial DNA intensification is exorbitant and it needs some precise instruments.

Recently, Massachusetts Institute of Technology has come up with a new technology that could offer less expensive and quicker food testing method. The new MIT test depends on a novel sort of fluid bead that can tie to bacterial proteins. This collaboration, which can be recognized by either the advanced mobile phone or bare eye, would give a significantly quicker and less expensive option in contrast to winning food safety tests. Innovative advances in food safety testing is expected to offer rich opportunities to merchants in the approaching years.

Food Safety Testing Market Current and Projected industry size in terms of volume and value 2017-2025

The global food safety testing market is anticipated to demonstrate healthy growth in the forthcoming years, as reported by Transparency Market Research (TMR). The vendor landscape of the market comprises of a number of small-and medium-sized enterprises, leading to fragmentation in the competitive ecosystem. Currently, five leading vendors currently hold approximately 20% of the total market share, as estimated in 2016. The key strategy adopted by players in order to gain market traction is deployment of premium services to users. This is expected to garner novel opportunities for budding market players. Market participants are expected to gain by investing significantly in research and development in the arena.

Leading vendors operating in the global food safety testing market are SGS S.A., Eurofins Scientific SE, Thermo Fisher Scientific, Bureau Veritas SA, and Bio-Rad Laboratories, Inc.

TMR predicts that the global food safety testing market is likely to reach US$1.3 bn by 2025, rising form and estimated US$0.6 bn in 2017. Over the forecast period of 2017 to 2025, the market is prognosticated to grow at a CAGR of 8.9%. In terms of the contaminant, the segment of pathogens held the prominent market share, with 42.5% of the overall revenue. Regionally, Europe is predicted to lead the global market, while accounting for 36.3% share as estimated in 2017.

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Ever-rising Food Safety Regulations to Provide Impetus to Growth

Food supply and nature of food are under consistent risk universally, and there is a rising interest for successful test solutions that can guarantee food safety. The act of food safety testing has increased over the previous years, attributable to incrementing rates of food-borne diseases and infection by tainted food products. Consumer forums and other non-benefit government associations are playing a key role in paving a way for food safety. Every one of these associations advocate for food safety in an unexpected way; while one focusses on exhibiting data through science and research, another focuses on demonstrating the genuine effects of food-borne disease, focuses more on consumer inclinations.

Pathogen testing currently commands the food safety testing market, with organic product and vegetable testing for contaminants being the most lucrative application region. Pathogens are harmful microorganisms that reason weakening of food quality and trigger genuine medical problems. Recent concerns regarding microbial contaminants, for example, E. coli and Salmonella, are driving the global food safety testing market.

Rise of Technologically Accurate Devices for Safety Testing to Push Development

The most recent biosensoristic and chemosensoristic devices utilized for discovery of contaminants in both natural and food systems, are convenient and take into account fast diagnostics. The optical and electrochemical bio/chemosensoristic devices are utilized as promising instruments in on location and ongoing applications for observing of food networks. This will have enormous effect on the food testing market soon.

Present food safety testing regularly includes setting food tests in a culture dish to see whether harmful bacterial states frame, yet that procedure takes a few days. Faster procedures in light of immunizer microscopic organisms’ connections or bacterial DNA intensification is exorbitant and it needs some precise instruments.

Recently, Massachusetts Institute of Technology has come up with a new technology that could offer less expensive and quicker food testing method. The new MIT test depends on a novel sort of fluid bead that can tie to bacterial proteins. This collaboration, which can be recognized by either the advanced mobile phone or bare eye, would give a significantly quicker and less expensive option in contrast to winning food safety tests. Innovative advances in food safety testing is expected to offer rich opportunities to merchants in the approaching years.

Food Safety Testing Market: Rise of Technologically Accurate Devices for Safety Testing to Push Market

Food safety is a highly documented effort conducted across the world in many ways. Players in the global food safety products and food safety testing market are constantly required to be on their toes regarding policy changes and implementations, strictly adhering to the regulatory framework set up by known organizations such as the Food and Drug Association. 

This research on the global food safety products and food safety testing market is specially designed to estimate and analyze its demand and performance parameters. The report provides in- depth analysis for each segment of the global food safety products and food safety testing market in terms of revenues, manufacturer details, sales, key market trends, and geography based demand charts. Company profiles included in the report provides, company and financial overview, strategies adopted by the companies and their recent developments.

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The growing cases of foodborne diseases across the world is currently the leading factor pushing for the growth and development of the global food safety products and food safety testing market. The market also benefits massively from the growing rate of awareness among consumers regarding better hygiene standards for food purchase, storage, consumption. The developed of technologies further facilitates for a solid growth rate in the global food safety products and food safety testing market, in terms of creating tests that are easy to conduct and provide a high level of accuracy. 

The overall growth of the food industry and the food processing industry, attributed to the globally increasing population and the growing demand for foods, especially convenience foods. The current rate of increase in the global demand for food and beverage diagnostics suggest a consistently high rate of growth for the market segment, owing to a steady incline in global convenience and packaged food demands. However, the global food safety products and food safety testing market is currently being stifled by the greater lack of awareness of consumers and industry counterparts regarding the newer technologies diagnostics available in emerging economies, as well as their relatively disorganized regulatory frameworks regarding food safety.

Emerging markets are highly likely to become the key lookouts for players from the global food safety products and food safety testing market over the coming years. Nations such as such as India and China are expected to provide players, both regional as well as the globally prominent, noteworthy opportunities, supplemented by increasing government support. The food processing sectors in these regions are also being imposed with stricter hygiene standards, which when combined with the healthy growth of food trade, and the rising preference for convenience foods, has created a massive range of opportunities in the global food safety products and food safety testing market. 

Meanwhile, Europe has been leading the global food safety products and food safety testing market in the recent past, thanks to highly stringent regulatory policies implemented by national governments when it comes to food safety. The region is also the hub for several of the leading players in the market and their development centers, thereby allowing Europe to avail advanced technologies in the market at a faster rate. Driven by rising emphasis on the food quality, the food safety products and food safety testing market in North America has also been expanding to a great extent. 

The leading players in the global food safety products and food safety testing market over recent times, include Biocontrol Systems Incorporated, Thermofischer Scientific, Biomerieux SA, Roka Bioscience, 3M Company, Agilent Technologies Incorporated, Bio-Rad Laboratories Incorporated, Douglas Scientific, IDDEX Laboratories INC, EL DU Pont De Nemours & Co. and Ecolab Incorporated.

Food Safety Testing Market to Post an 8.9% CAGR During 2017-2025

The global food safety testing market has witnessed impressive growth over the last few years due to rising incidence of food contamination there is a growing demand for food safety testing by food manufacturers. Owing to increasing awareness about foodborne diseases and various technologically advanced techniques and equipment deployed for food safety testing, the market for food safety testing has been treading along a healthy growth path over the past few years and the market is expected to continue to exhibit strong growth over the next few years as well. The vast expansion of the global food and beverages industry, coupled with the growth of the food service industry, has also been a key factor driving the growth of the global food safety testing market.

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Transparency Market Research estimates that the revenue generated from food safety testing will value at US$658.5 mn by the end of 2017. The market is expected to exhibit a CAGR of 8.9% from 2017 to 2025, rising to a valuation of US$1304.5 mn by the end of 2025.

In terms of contaminants, the report segments the global food safety testing market into pathogens, genetically modified organisms, chemicals, and toxins. Of these, the segment of pathogens is estimated to account for a massive 42.5% of the global market in 2017. The segment is expected to witness promising growth prospects over the report’s forecast period chiefly owing to value the increasing demand for testing bacteria such as salmonella and E.coli in food products. Increasing incidences of food contamination-related illnesses is the key factor driving this trend.

The segment of the genetically modified organisms segment is also anticipated to exhibit promising growth over the report’s forecast period, charting a CAGR of 8.9% in terms of value.

An exhaustive analysis and geographic assessment of the global food testing safety market has demonstrated that the global food safety testing market is largely dominated by developed economies across regions such as North America and Europe. Collectively, North America and Europe are expected to account for a massive 64.6% of the global market by the end of 2017 and account for a slightly larger share in the global market by the end of the forecast period. Europe is presently the leading contributor of revenue to the global market, and is estimated to hold about 36.3% of the market by the end of 2017.

Rising incidences of food contamination, technologically highly advanced food testing laboratories, and stringent regulations related to food safety in most countries in these regions contribute to the strong positions of North America and Europe in the global food testing safety market. While Europe holds the top spot in the global food safety testing market, the most promising growth rate is expected to be seen in the APAC region over the report’s forecast period. APAC market is expected to exhibit a promising CAGR of 8.6%, attributed chiefly to the growing food trade in this region. Furthermore, companies are focusing on making major investments in R&D activities, which is further driving growth of the food safety testing sector in the region.

Some of the leading companies operating in the global food safety testing market are Bio-Rad Laboratories, Inc., Intertek Group Plc, SGS SA, Eurofins Scientific SE, Thermo Fisher Scientific, Inc., ALS Limited. Laboratory Corp. of America Holdings, AsureQuality Limited, Bureau Veritas SA, and Scientific Analysis Laboratories Limited.

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Food Safety Testing Market to Post an 8.9% CAGR During 2017-2025

The global food safety testing market has witnessed impressive growth over the last few years due to rising incidence of food contamination there is a growing demand for food safety testing by food manufacturers. Owing to increasing awareness about foodborne diseases and various technologically advanced techniques and equipment deployed for food safety testing, the market for food safety testing has been treading along a healthy growth path over the past few years and the market is expected to continue to exhibit strong growth over the next few years as well. The vast expansion of the global food and beverages industry, coupled with the growth of the food service industry, has also been a key factor driving the growth of the global food safety testing market.

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Transparency Market Research estimates that the revenue generated from food safety testing will value at US$658.5 mn by the end of 2017. The market is expected to exhibit a CAGR of 8.9% from 2017 to 2025, rising to a valuation of US$1304.5 mn by the end of 2025.

In terms of contaminants, the report segments the global food safety testing market into pathogens, genetically modified organisms, chemicals, and toxins. Of these, the segment of pathogens is estimated to account for a massive 42.5% of the global market in 2017. The segment is expected to witness promising growth prospects over the report’s forecast period chiefly owing to value the increasing demand for testing bacteria such as salmonella and E.coli in food products. Increasing incidences of food contamination-related illnesses is the key factor driving this trend.

The segment of the genetically modified organisms segment is also anticipated to exhibit promising growth over the report’s forecast period, charting a CAGR of 8.9% in terms of value.

An exhaustive analysis and geographic assessment of the global food testing safety market has demonstrated that the global food safety testing market is largely dominated by developed economies across regions such as North America and Europe. Collectively, North America and Europe are expected to account for a massive 64.6% of the global market by the end of 2017 and account for a slightly larger share in the global market by the end of the forecast period. Europe is presently the leading contributor of revenue to the global market, and is estimated to hold about 36.3% of the market by the end of 2017.

Rising incidences of food contamination, technologically highly advanced food testing laboratories, and stringent regulations related to food safety in most countries in these regions contribute to the strong positions of North America and Europe in the global food testing safety market. While Europe holds the top spot in the global food safety testing market, the most promising growth rate is expected to be seen in the APAC region over the report’s forecast period. APAC market is expected to exhibit a promising CAGR of 8.6%, attributed chiefly to the growing food trade in this region. Furthermore, companies are focusing on making major investments in R&D activities, which is further driving growth of the food safety testing sector in the region.

Some of the leading companies operating in the global food safety testing market are Bio-Rad Laboratories, Inc., Intertek Group Plc, SGS SA, Eurofins Scientific SE, Thermo Fisher Scientific, Inc., ALS Limited. Laboratory Corp. of America Holdings, AsureQuality Limited, Bureau Veritas SA, and Scientific Analysis Laboratories Limited.

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Food Safety Testing Market to Post an 8.9% CAGR During the Forecast Tenure 2017-2025

The global food safety testing market has witnessed impressive growth over the last few years due to rising incidence of food contamination there is a growing demand for food safety testing by food manufacturers. Owing to increasing awareness about foodborne diseases and various technologically advanced techniques and equipment deployed for food safety testing, the market for food safety testing has been treading along a healthy growth path over the past few years and the market is expected to continue to exhibit strong growth over the next few years as well. The vast expansion of the global food and beverages industry, coupled with the growth of the food service industry, has also been a key factor driving the growth of the global food safety testing market.

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Transparency Market Research estimates that the revenue generated from food safety testing will value at US$658.5 mn by the end of 2017. The market is expected to exhibit a CAGR of 8.9% from 2017 to 2025, rising to a valuation of US$1304.5 mn by the end of 2025.

In terms of contaminants, the report segments the global food safety testing market into pathogens, genetically modified organisms, chemicals, and toxins. Of these, the segment of pathogens is estimated to account for a massive 42.5% of the global market in 2017. The segment is expected to witness promising growth prospects over the report’s forecast period chiefly owing to value the increasing demand for testing bacteria such as salmonella and E.coli in food products. Increasing incidences of food contamination-related illnesses is the key factor driving this trend.

The segment of the genetically modified organisms segment is also anticipated to exhibit promising growth over the report’s forecast period, charting a CAGR of 8.9% in terms of value.

The vast rise in awareness regarding genetically modified fruits and vegetables among consumers and the stringent regulatory restrictions on GMO-derived foods are the key factors expected to drive growth of this segment over the report’s forecast period.

An exhaustive analysis and geographic assessment of the global food testing safety market has demonstrated that the global food safety testing market is largely dominated by developed economies across regions such as North America and Europe. Collectively, North America and Europe are expected to account for a massive 64.6% of the global market by the end of 2017 and account for a slightly larger share in the global market by the end of the forecast period. Europe is presently the leading contributor of revenue to the global market, and is estimated to hold about 36.3% of the market by the end of 2017.

Rising incidences of food contamination, technologically highly advanced food testing laboratories, and stringent regulations related to food safety in most countries in these regions contribute to the strong positions of North America and Europe in the global food testing safety market. While Europe holds the top spot in the global food safety testing market, the most promising growth rate is expected to be seen in the APAC region over the report’s forecast period. APAC market is expected to exhibit a promising CAGR of 8.6%, attributed chiefly to the growing food trade in this region. Furthermore, companies are focusing on making major investments in R&D activities, which is further driving growth of the food safety testing sector in the region.

Some of the leading companies operating in the global food safety testing market are Bio-Rad Laboratories, Inc., Intertek Group Plc, SGS SA, Eurofins Scientific SE, Thermo Fisher Scientific, Inc., ALS Limited. Laboratory Corp. of America Holdings, AsureQuality Limited, Bureau Veritas SA, and Scientific Analysis Laboratories Limited.

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Food Safety Products and Testing Market Rising as Growing Employment of Technologically Advanced Equipment & Techniques

Global Food Safety Products and Food Safety Testing Market: Overview

The global food safety products and food safety testing market has been exhibiting substantial growth over the last couple of years owing to the rising prevalence of food-borne disease worldwide. The growing awareness regarding the rising incidences of food borne diseases and the employment of technologically advanced equipment and techniques are further expected to fuel the adoption of food safety products and food safety testing equipment. Concerns regarding food safety have impelled consumers to adopt food safety tests and food safety products. The primary challenges that the food industry faces today are traceability, identification, and prevention of food contaminants. The implication of stringent regulations regarding food safety to prevent contamination of food has impelled food product manufacturers and consumers have increased the use of food safety tests and food safety products.

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With the progress of food and beverage manufacturing industry and expansion of the food service industry, the global market for food safety products and food safety testing is also expected to grow. The sales of several diagnostic test products are likely to increase over the next couple of years due to the projected rise in the inspection of food plants. However, the growth of the market is likely to be adversely impacted by the lack of awareness among people in developing economies. The disorganization in the regulatory systems is further expected to hinder the growth of the global food safety products and food safety testing market.

The global food safety products market is expected to rise at an 8.6% CAGR between 2010 and 2018. It is projected to touch US$19.42 bn by the end of 2018 from a valuation of US$10.15 bn in 2010. Likewise, the global market for food safety testing market is expected to touch a valuation of US$4.89 bn by 2018, rising at a CAGR of 8.5% during the forecast period.

Processed Food Products to Dominate Market owing to Changing Taste Preferences

In terms of consumption, the processed food segment emerged dominant in 2011 with a share of almost 36%. This segment was closely trailed by the dairy products segment accounting for a share of 22% in 2011 in the global food safety products and food safety testing market. However, the meat and poultry products segment is likely to exhibit a strong CAGR of 7% owing to the rising consumption of dairy products.

Europe to Lead Market with 34% Share

In 2011, the global food safety products and food safety testing market was dominated by Europe with a share of 34%. The region was closely trailed by Asia Pacific and North America. It has been predicted that by the end of 2018, the market in Asia Pacific will grow significantly owing to improvement in safety standards.

Some of the prime players in the market are Ecolab Incorporated, IDDEX Laboratories Inc., Douglas Scientific, 3M Company, Biomerieux SA, Thermofischer Scientific, and Biocontrol Systems.

Globalization of Food Trade to Fuel Demand for Food Safety Products, Says TMR

The global food safety products market is highly fragmented with the focus of most companies on the reduction of equipment cost and time needed for the test. Key players operating in the market include: Covance Inc., Eurofins Central Analytical Laboratories, Genevac Ltd, Hach Company, and Hardy Diagnostics. Although there exist high entry barriers to the market owing to strict regulatory scenarios, new entrants have a lot of freedom to operate in the market. Thus, the threat of new entrants is expected to be medium. The food safety products market is extremely price-sensitive, states a new report by Transparency Market Research (TMR).

The market is moderately concentrated on a global scale but extremely fragmented on a regional scale. For instance, the regulatory norms in the U.S. is extremely stringent, however they are extremely relaxed in Asia Pacific. The degree of competition is anticipated to be high in the coming years. Companies are patenting their products to gain a competitive edge. Case in point. BioControl Systems Inc has patented its product The Coli Complete, restraining rivals from using products with similar chemical composition.

Growth in Processed Food Market Boosts Demand for Food Safety Products

The expanding food and beverage industry and growing concerns over the quality of food are propelling the global food safety products market. The rising number of disease outbreaks owing to incidences of food poisoning and contamination are also fueling the growth of the market. As per WHO, food borne diseases have caused 2.2 mn deaths in 2010.

The growing processed food market across the globe is aiding the growth of the global food safety products market. Processed foods such as dairy dried processed food, ready to eat meals, baby food, and canned and preserved food require hygiene and sanitation. This is because these products pass through various players in the value chain, thus arising the need for food safety products.

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The globalization of food supply trade is another factor that is causing a heightened demand for food safety products. The growing population has caused a rise in the import, export of food products. This in turn has increased the level of adulteration owing to inadequate monitoring and control over the manufacturing units, subsequently giving a rise to the demand for food safety products.

Different Tests Required for Different Food Types Act as Major Challenge for Market Players

The major challenge faced by the global food safety products market is the necessity of having different types of tests for different food products, states TMR. For testing different pathogens and chemicals present in various food products, different tests are required, thus creating a need for technological advancements and upgradation. Lack of food safety awareness in developing countries is another factor restraining the growth of the market. The misalignment in the value chain is yet another challenge gripping the global food safety products and testing industry.

Untapped Asia Pacific Market Offers Huge Growth Opportunities for Companies

The market in Asia Pacific is anticipated to expand at a significant pace owing to the demand for safe food products from consumers of emerging companies such as China and India. These countries are driving the food safety products and testing market in the region. The untapped Asia Pacific market thus, holds lucrative opportunities of growth for market players. Another factor that will open new avenues for growth in the global food safety products and testing market is the integration of players with food diagnostic companies.

By geography, Asia Pacific is expected to lead in the food safety products market by 2018, overtaking North America. Asia Pacific is also expected to emerge as the leading regional segment in the global food safety testing market by 2018. By type, the global food safety products market is expected to be led by the disinfection products segment. By testing method, the rapid method segment is expected to lead in the global food safety testing market in the future.

According to the report, the global food safety products market is expected to be worth US$19.4 bn by 2018. The global food safety testing market is expected to be worth US$4.8 bn by the end of 2018.

This information is based on the findings of a report published by Transparency Market Research titled “Food Safety Products Market and Food Safety Testing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2010 - 2018.”

The global food safety products and food safety testing market is segmented as follows:

Food Safety Products Market 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

Food Safety Products Market, by Geography

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

Food-related Ailments Drive Global Food Safety Products Market and Food Safety Testing Market at 8.6% and 8.5% CAGR, Respectively

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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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)

Increasing Food Retractions Catalyze Advancement of Improved Safety Technologies in Food Safety Testing Market

About 48 mn people are diagnosed with some kind of sickness, 128,000 get hospitalized, and 3,000 die each year from some kind of foodborne disease globally, as per recent data collected from the Centers for Disease Control and Prevention. Food supply on the global level is witnessing a continuous threat and accurate testing products that will ensure food safety are being highly demanded. Microbial pathogens such as viruses, bacteria, environmental toxins, residues of drugs, agricultural chemicals, and food allergens and adulterants may harm consumers if there is a lack of proper checking. Pathogen testing is the leading segment of the food safety products and food safety testing market.

Transparency Market Research (TMR) provides answers to a number of questions that may prove useful for upcoming players looking to invest in the market for food safety testing.

Research Report: http://www.transparencymarketresearch.com/food-safety-products-market.html

Q. What are the current key technologies gaining attention in the market?

The food safety testing market is emphasizing on technologies that are customizable and low-cost, enable rapid detection, and provide source identification. Key technologies involving the physical separation of contaminants, protection and packaging coatings, biosensors, and non-thermal and thermal interventions have been accepted within the food safety testing market. Hence, the requirement is to make more reliable, user-friendly, and precise materials and technologies offering the aforementioned properties. It has been observed that nanotechnology and nanomaterial-based technologies are gaining traction for carrying on swift pathogen testing.

In addition, a number of key sustainable technologies such as edible pathogen detection composition or edible coatings are predicted to gain dominance in the market beyond 2022. Furthermore, opportunities for the food safety technologies market are predicted to arise in hands-free wearable devices, rapid pathogen detector sensors, nanocomposite packaging, and smartphone mobile applications.

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Q. What factors have brought about innovations in the food safety testing market?

The major drivers responsible for the increasing innovations in food safety are the strict requirements for food safety and quality being imposed by large fast food restaurants globally. This market is successful owing to the ability of large buyers of meat who enforce standards through process audits and testing. In addition, the increasing international trade also results in increased innovations in food safety. The demand from foreign buyers for high safety standards in testing products and the premium prices paid by these buyers will boost the overall innovation in food safety. Residue limit testing, labelling restrictions, and export and import testing will also result in new and improved testing methods by food laboratories to keep up with the volatile applicable laws.

Q. What are the key challenges that the market for food safety testing may experience?

Confusion over food regulations and standards amongst nations has created a lot of difficulty in establishing global food safety norms and has created uncertainties about the reliable set of food safety products to be adopted. In addition, the soaring cost of food safety technologies has also emerged as a key challenge for the market.

Food Safety Products and Testing Market Rising due to Increasing Outbreaks of Foodborne Diseases

Food safety products and testing play a vital role in ensuring the safety of various food products. Food safety products can be of various types, depending on the contaminant against which they are used. The global food safety testing and products Market has received a strong boost in recent years from the growing incidence of outbreaks of foodborne diseases. The high technological refinement achieved by companies operating in the field of food safety products and testing and the consequent increase in consumer awareness and confidence have also helped the global food safety products and testing market massively.

According to Transparency Market Research, a leading market intelligence firm, the global market for food safety products is expected to rise at a CAGR of 8.6% from 2010 to 2018, while the market for food safety testing is expected to exhibit a CAGR of 8.5% in the same timeframe.

Disinfection Products, Pathogen Testing Segments Lead Respective Markets

Among the various products in the global food safety products market, the segment of disinfection products took up a leading share of 43% in 2011. The market for disinfection products was valued at US$4.4 bn in 2010 and is expected to almost double in valuation at an 8.2% CAGR by 2018. Despite the unchallenged domination of the disinfection products segments, the segment of smart labels and tags is expected to exhibit the highest CAGR of all product segments – 9.1% from 2010 to 2018. Other major product segments of the food safety products market are diagnostic products, software tracking systems, and safety gloves.

Within the food safety testing market, pathogen testing is the dominant category, with a 34% share in 2011. Pathogens are abundantly present in commonly consumed food products such as dairy and meat products, leading to the high demand for pathogen testing. Salmonella emerged as the dominant pathogen type, with around 42% of food safety tests conducted to detect pathogen activity being aimed at preventing salmonella outbreaks. Listeria is the second largest pathogen segment, while testing for E. coli is expected to increase at the highest CAGR in the coming years.

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Rising Demand for Processed Food Boosts Food Safety Testing Market

Processed food was the most tested food type in 2011, with 36% of all food safety testing taking place on processed food. The rising globalization of the food trade and rising preference for Western foods in developing Asia Pacific and African markets are responsible for the high demand for testing of processed food.

Dairy products are the second largest consumers of food safety testing, with a 22% share in the global food safety testing market in 2011. The rising consumption of milk around the world and increasing export of more durable dairy products have led to rising demand for food safety testing in the dairy trade.

Stringent Regulations Drive Europe Food Safety Products and Testing Market

The Europe market for food safety products and testing accounted for 34% of the collective revenue in the global market in 2011. The stringent food safety protocols put in place in several European countries are responsible for the high share of the Europe market for food safety testing and products. However, the rising import and production of various food products in Asia Pacific is expected to boost the regional market for food safety products and testing; Asia Pacific is expected to be the fastest-growing regional market for food safety products and testing till 2018.