World Food Safety Testing Market to Post 7.31% CAGR to 2021, States Azoth Analytics in Its New Report Available at MarketPublishers.com16 Jan 2017 • by Natalie Aster
LONDON – The food safety testing market is projected to gain momentum in the offing, at around 7.31% CAGR, with its value amounting to USD 17.16 billion by 2021. The robust growth in the food safety testing market is stimulated by the expanding food trade worldwide, a hike in the cases of outbreaks of foodborne diseases, stiff food safety regulations and unimpeded access to novel testing technologies. A large number of food recalls will also likely to boost the expansion of the food safety testing marketplace.
Pathogen testing dominates the market, with the GMO testing segment being the fastest growing one. Geography-wise, North America captures the lion’s market share primarily on account of the increasing regulations. Nevertheless, the APAC region is forecast to register the most robust pace in the years to come.
The market is inhabited with a slew of key players including, among others, SGS SA, Eurofins Scientific, Intertek Group plc, Covance Inc., Bureau Veritas S.A, Asure Quality Limited, Silliker, Inc., ALS Ltd., Microbac Laboratories, Inc., and DTS Food Laboratories.
New market research report “Global Food Safety Testing Market” created by Azoth Analytics is devoted to examining the market, segmenting it based on contaminant, technology, food tested, as well as by region and country.
The study gives an insightful analysis of the historical and current market sizing (by value) and growth rates, and also provides projected market sizes to 2021. It covers global food consumption and trends, gives an overview of the food safety testing products. The report presents deep insights into the market trends, explores the key market drivers and challenges, and includes a detailed SWOT analysis of the marketplace. Furthermore, the research report also offers a comprehensive evaluation of the overall competitive landscape and profiles the 10 dominant companies engaged in the industry. Valuable strategic recommendations are also available in the study.
To find more new research reports by Azoth Analytics, please visit this page at MarketPublishers.com.