Global Food Safety Testing Market Witnesses Remarkable Growth, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Food Safety Testing markets. The global market for Food Safety Testing is projected to reach US$19.7 billion by 2018, driven by the continuous rise in the product recalls due to contamination by bacteria and other micro organisms, rising awareness about the harmful effects of consuming contaminated food, and implementation of stringent regulatory specifications.

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Food Safety Testing: A Global Strategic Business Report

San Jose, CA (PRWEB) November 02, 2012

Follow us on LinkedIn – Food safety has emerged as a major challenge for countries across the world. Increased consumer preference for fresh, healthy and minimally processed foods, such as prepackaged salads, home meal replacements and fresh pastas and sauces, presents enormous challenges for food companies to control food contamination. Rise in the number of cases related to food borne diseases and growing public awareness about the harmful effects of consuming contaminated food and food products has brought into limelight the issue of food safety and its testing. In recent times, several food products have been recalled due to contamination with Salmonella, E. coli, Listeria, Botulinum toxin and other contaminants. Product recalls and disease outbreaks have proven detrimental to the companies in question, with loss of reputation, revenues, brand presence, and in extreme instances bankruptcies. Worldwide food safety testing market has been growing at a remarkable pace in the past few years, primarily driven by the growing number of food-borne illnesses. Further, adoption of increasingly stringent regulations and the growing participation of private sector players have proven favorable for the market. In particular, pathogen testing market has been subjected to stringent regulations, thereby fuelling demand in the food diagnostics market. Growth in the coming years would also be driven by the fact that an increasing number of countries adopting appropriate measures for food safety testing.

Food safety testing market was temporarily affected by the global economic downturn, resulting in a slower pace of growth in the years 2008 and 2009. Though the economy recovered from the recession in 2011, the process faced stiff challenges in view of the European sovereign debt crisis. The food safety testing market is less susceptible to the economic volatility owing to the fundamental human need for consuming food and beverages. Further, growing demands from government agencies as well as consumers, specifically in developed nations, for safer foods and beverages bode well for the food testing market. Growth is also attributed to the rising concerns over food safety and the increasing demand for food safety tests from food processing companies, particularly in the wake of several food scandals in the recent past. Europe, in particular, has faced several food scandals in 2011, which contributed to the considerable rise in consumer awareness about food safety. These scandals have in turn strengthened calls for stronger tests and regulations for ensuring safety of food products. This has led food manufacturers and processors to forge for including more number of tests, and also seek services of labs with enhanced capabilities and greater reach.

As stated by the new market research report on Food Safety Testing, the United States represents the largest regional market worldwide. Expansion and diversification of the US food testing market can be attributed to extensive media reports covering product recalls. Increasing instances of illness and death resulting from contaminated foods have compounded the vulnerabilities of already frail US food supply. In order to address the risks posed by global food supply, food processors demand comprehensive testing procedures to improve and develop newer and sophisticated processing, preservation, and packaging techniques to make food safer and less perishable. Federal regulations are also compelling food processors to test food products for hazardous material or microorganisms. Asia-Pacific represents the fastest growing market for food safety testing in the world. The region suffers due to lack of adequate regulations for ensuring food safety, and the lax implementation of such regulations, particularly in highly populous countries of India and China. However, the scenario is changing rapidly in view of the rising health awareness among consumers and the increased demand for safe products, which is driving food companies to lay emphasis on food safety testing.

Pathogen testing segment garners a lion’s share of the food safety testing market. GMO testing represents the fastest growing segment in the global food safety testing market. In terms of end-use segments, processed foods industry represents the largest end use market for food safety testing products. The US represents the largest regional market for food safety testing products in processed foods industry. Fastest growth is expected from the meat industry, which has witnessed growing demand for testing products with innovative biochip and microchip technologies, owing to their ability to detect the presence of new pathogen varieties in food particles.

Major players profiled in the report include 3M Company, BioControl Systems Inc., bioMérieux SA, Biolog Inc., Celsis International Ltd., Charm Sciences Inc., DuPont Qualicon Inc., FOSS A/S, Eurofins GeneScan Europe AG, Genetic ID NA Inc., Neogen Corp., R-Biopharm AG, SDIX, and Thermo Fisher Scientific, Inc.

The research report titled "Food Safety Testing: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections for the geographic regions including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific, Middle East, and Latin America. Product segments analyzed include Pathogen Testing, Pesticide Testing, GMO Testing, and Others. End-use markets analyzed include Processed Foods, Dairy, Meat, and Others.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Food_Safety_Testing_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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