Global Food Safety Testing Market Overview:
Food supply worldwide is under continuous risk and effective test products that can ensure food safety are in demand. If the Microbial pathogens such as bacteria, food allergens, viruses, environmental toxins and adulterants, residues of drugs and agricultural chemicals are not checked, can harm the consumer. In some countries, testing for Genetically Modified Organisms (GMOs) is also conducted to confirm food authenticity.
- Globalization in Food Trade
- Increasing Demand for Rapid Tests from Food Manufacturers
- Growing Awareness among Consumers about Usage of Safe Food Products
- Higher Adoption of New Technologies with Increasing Foodborne Illnesses
- Increase in Demand for Convenience and Packaged Food Products
- Microbiological Testing Often Requires Long Time to Get the Results
- Multiple Test Methodologies Required By Various Regulations
- Technological Advancements in the Testing
- Extensive Investments by the Governments
- Lack of Harmonization of Food Safety Standards
- High Cost Related to Procurement of Food Safety Testing Equipment
Some of the key players profiled in the report are Eurofins (Luxembourg), Silliker Inc. (United States), SGS Group (Switzerland), Interteck Group plc (United Kingdom), Als Limited (Australia), Neogen Corporation (United States), Asurequality (New Zealand), Bureau Veritas (France), Food Chain Id (United States), Merieux NutriSciences (United States) and Food Hygiene and Health Laboratory (India). Additionally, following companies can also be profiled that are part of our coverage like R J Hill Laboratories Limited (New Zealand), Romer Labs (United States) and Symbio Laboratories (Australia). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Food Safety Testing market by 2024. Considering Market by Technology, the sub-segment i.e. Chromatography will boost the Food Safety Testing market. Considering Market by Contaminants, the sub-segment i.e. Pathogen will boost the Food Safety Testing market. Considering Market by Food Tested, the sub-segment i.e. Beverages will boost the Food Safety Testing market.
On April 29, 2019 SGS have been recognized as an approved Safety Certification body by the DesignLights Consortium (DLC) for the testing and certification of LED-based horticultural lighting. and On April 1, 2019 Neogen has introduced a portable version of its innovative Raptor Integrated Analysis Platform that provides the option of performing mycotoxin testing in the laboratory or wherever a tester may choose.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Food Safety Testing market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Food Safety Testing market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Service Providers of Food Testing, Solution Providers of Food Testing, Industry Association, Research Organization and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.