Food Safety Testing Market is Growing at a CAGR of 7.2 Percent and to Reach $14,030.2 Million by 2018 - New Report by MarketsandMarkets
(PRWEB) November 25, 2013 -- The report "Food Safety Testing Market by Contaminants (Pathogen, GMO, Toxin, Pesticide), Technology (Traditional & Rapid), Food Types (Meat & Poultry, Dairy, Fruit & Vegetable, Processed Food & Geography–Global Trends & Global Forecast to 2018 " defines and segments the global food safety testing market with analysis & forecasting of global revenue & volume for food safety testing. It also identifies driving and restraining factors for the global food safety testing market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented and revenue is forecasted on the basis of major regions such as North America, Europe, Asia-Pacific, and Rest of the World (ROW).
Browse 234 market data tables with 67 figures spread through 483 pages and in-depth TOC on "Food Safety Testing Market by Contaminants (Pathogen, GMO, Toxin, Pesticide), Technology (Traditional & Rapid), Food Types (Meat & Poultry, Dairy, Fruit & Vegetable, Processed Food & Geography–Global Trends & Global Forecast to 2018" .
http://www.marketsandmarkets.com/Market-Reports/food-safety-365.html
Early buyers will receive 10 percent customization on this report.
The global food safety testing market has been growing significantly due to increased outbreak of food poisoning caused due to consumption of contaminated food. Contamination of food can occur due to improper handling of food, contaminated raw materials, inadequate treatment & processing of food that destroys the contaminants, etc. Worldwide, various regulations, laws, and standards have been implemented to assure safety of food manufactured. GMP, GAP, and HACCP have been practiced by the food companies to manufacture safe and standard quality food products. The food safety testing has been performed during every stage of food supply chain i.e., procurement, processing, packaging, storage, and transportation, etc. Globalization in food supply trade and increasing consumer awareness on food safety has been driving the market.
In 2012, the food safety testing market was dominated by testing of pathogens, as pathogen contamination has caused maximum cases of food poisoning. During the same period, most of the food recalls in U.S. were registered due to salmonella contamination. GMO testing is expected to increase further due to the growing concern for safety of genetically modified foods.
Market players have been focusing on application of rapid testing methods that provide quick & accurate qualitative and quantitative results on contaminants. In 2012, meat and poultry product testing dominated the food safety testing market due to their high susceptibility for microbial contamination.
The global food safety testing market is projected to grow from $9,262.3 million in 2012 to $14,030.2 million at a CAGR of 7.2 percent by 2018. In 2012, North America was the largest food safety testing market with 40 percent of share, wherein U.S. dominated this market and is projected to reach $4,004.5 million by 2018. In 2012, meat and poultry accounted for 28 percent of global food safety testing market. In 2012, rapid testing method was dominated by PCR-based methods that performed 189.1 million tests, followed by immunoassay-based methods. The leading players in the food safety testing market include SGS SA (Switzerland), Bureau Veritas (France), Intertek Group Plc. (U.K.), and DNV (Norway). These players have focused on introducing new product & services, mergers, acquisitions, and expansion of their business segments to maintain their position in the market.
Browse Related Reports:
European Food Safety Testing Market By Contaminant (Pathogen, GMO, Toxin, Pesticide), Technology (Traditional & Rapid), Food Type (Meat & Poultry Product, Dairy Product, Fruit & Vegetable, Processed Food) & Country - Trends & Forecast To 2018
http://www.marketsandmarkets.com/Market-Reports/european-food-safety-testing-market-1217.html
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
http://www.marketsandmarkets.com/Market-Reports/north-american-food-safety-testing-market-1214.html
About MarketsandMarkets
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
North - Dominion Plaza,
17304,Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales(at)marketsandmarkets(dot)com
Visit MarketsandMarkets Blog at http://www.marketsandmarketsblog.com/market-reports/food-and-beverage.
Connect with us on LinkedIn at http://www.linkedin.com/company/marketsandmarkets.
Rohan, MarketsandMarkets, http://www.marketsandmarkets.com/, +91 9881155004, [email protected]
Share this article