The North American food safety testing market is projected to grow from $3,707.7 million in 2012 to $5,640.1 million by 2018, at a CAGR of 7.3%
Dallas, Texas (PRWEB) July 14, 2013
“Food Safety Testing Market By Contaminants (Pathogen, GMO, Toxin, Pesticide, Others), Technology (Traditional & Rapid), Food Types (Meat & Poultry, Dairy, Fruit & Vegetable, Processed Food, Others) & Geography – Global Trends Forecast to 2018” report says global food safety testing market is projected to grow from $9,262.3 million in 2012 to $14,030.2 million by 2018. In 2012, North America dominated the food safety testing market. The regulatory bodies in North America have been strictly supervising the implementation of HACCP system by food manufacturers. In 2012, U.S. food safety testing market was largest due to stringent regulations such as zero tolerance policy for listeria contamination. The testing results of contaminated final food products have been most expensive in terms of recall & storage cost, so testing the food materials during each stage has become necessary for manufacturers, thereby driving the food safety testing market.
This research (http://www.rnrmarketresearch.com/food-safety-testing-market-by-contaminants-pathogen-gmo-toxin-pesticide-others-technology-traditional-rapid-food-types-meat-poultry-dairy-fruit-vegetable-processed-food-others-market-report.html) says in 2012, pathogen testing dominated the food safety testing market in which salmonella testing accounted for the major share. Food safety testing market is projected to increase at a CAGR of 7.2% by 2018. Companies profiled in this report include: Accugen Laboratories, Adpen Laboratories, Aegis Food Testing Laboratories, ALS Limited, Asurequality Limited, Avomeen Analytical Services, Bio-Rad Laboratories, Bureau Veritas SA, Campden Bri, Det Norske Veritas AS (DNV), EMSL Analytical Inc., Eurofins Central Analytical Laboratories Inc., Food Hygiene & Health Laboratory, Genevac Ltd, Genon Laboratories Ltd, Idexx Laboratories Inc., IFP Institut Für Produktqualität GMBH, ILS Limited, Intertek Group Plc, Lloyd’s Register Quality Assurance Limited, MVTL Laboratories Inc., Romer Labs Inc., SGS SA, Spectro Analytical Lab Ltd and Swift Silliker (PTY) Ltd.
On similar lines we also have another report titled “North American Food Safety Testing Market by Contaminants (Pathogen, GMO, Toxin, Pesticide), Technology (Traditional & Rapid), Food Types (Meat & Poultry, Dairy, Fruit & Vegetable, Processed Food) & Geography –Trends & Forecast to 2018” available @ http://www.rnrmarketresearch.com/north-american-food-safety-testing-market-by-contaminants-pathogen-gmo-toxin-pesticide-technology-traditional-rapid-food-types-meat-poultry-dairy-fruit-vegetable-processed-food-g-market-report.html.
The report “Top Ten Suppliers of Food Safety Products and Technology” (http://www.rnrmarketresearch.com/top-ten-suppliers-of-food-safety-products-and-technology-market-report.html) is a detailed analysis of the top 10 companies in the food testing technology sector. This is in many ways a selected due diligence of the key companies and drivers in the food testing marketplace. This is not a list of top 10 companies by revenues, profits or other financial criteria alone. Instead, the focus has been to pick out companies that are most influential in the field, and this is based on a combination of several factors, including size, established technologies, historical aspects, business relationships, intellectual properties, impact of regulations and the global food marketplace as such. In short, the companies selected in this report are those that can be considered as trendsetters in the field of food safety testing. Hence, a detailed review of these companies also provides a deeper look into the sector dynamics. A second list of companies that are important in the field apart from the top 10 is also provided.
There are certain market drivers and some constraints to both the companies and to the evolving technology they seek to dominate. There is a desire to ascertain whether these companies will be able to meet the continuing demand for their products by proprietary technology, strategy alliances, superior marketing or other sought-after advantages. Most of the information presented in this report is based on that available from annual reports, various regulatory filings, the company website, U.S. Patent and Trademark Office, and other public sources and the author hereby acknowledges the same. Additional information was sourced from industry experts and people with close understanding of the industry dynamics.
The research “World Food Safety Products to 2016” (http://www.rnrmarketresearch.com/world-food-safety-products-2016-market-report.html) says global demand for food safety products is forecast to rise 8.1 percent per year to $18 billion in 2016. The food processing segment will continue to account for the majority of the overall market for food safety products. The largest share of demand will stem from the meat, dairy, and beverage industries. Dairy product manufacturers will use food safety advances to extend dairy product shelf life. Above average growth is expected in the organic dairy product industry. Gains in beverage applications will be fueled by continued investment in disinfection equipment to purify water supplies, particularly filtration, ultraviolet, and ozone equipment. Demand for food safety products in foodservice establishments will be supported by growth in the foodservice industry, especially the limited service segment, as consumers seek convenient and inexpensive food options.
Explore more reports on food and related industry segments @ http://www.rnrmarketresearch.com/reports/food-beverage/food.
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