Rising Concerns Over Food Safety and Strict Regulatory Norms Drive Demand for Food Safety Testing, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) October 30, 2013 -- Follow us on LinkedIn - The food and beverage industry is one of the most regulated industries subject to constant scrutiny. Routine testing of food products is gaining prominence worldwide owing to increasing consumer awareness regarding health and growing demand for specialist diets in developed markets. Increased consumer preference for fresh, healthy and minimally processed foods, such as prepackaged salads and home meal replacements, presents enormous challenges for food companies to control food contamination. The increasing trend towards globalization, elimination of trade barriers, and the resulting improvement in international trade has increased the need for strict food safety testing regulations.
Pathogen Testing represents the largest market sector, driven by strict regulatory norms. As regulations and legislations for pathogen testing continue to be enforced, the transformation towards rapid screening procedures is picking up pace. Advancements such as multiplexing, which facilitates analysis of more than one pathogen at a time are further driving market growth. Increasing instances of product recalls and the need for continuous monitoring of production processes has compelled manufacturers to carry out pathogen testing and analysis from food processing plants and manufacturing facilities to corporate testing centers. This emerging trend is expected to contribute to significant growth in routine pathogen testing procedures. GMO testing is gradually gaining prominence in food safety testing.
Processed food represents the largest end-use market for food safety testing products. The meat industry represents the fastest growing end-use market largely due to the high susceptibility of meat to contamination.
As stated by the new market research report on Food Safety Testing, Europe represents the largest market worldwide, closely followed by the US. In lieu of the recent food scandals and new regulations under the Food Safety Modernization Act (FSMA), large food producers and retailers in the United States are emphasizing on enhancing the safety and quality of food supply. Emerging opportunities have also led foreign companies with strong food testing capabilities enter the US market. Emerging economies are expected to spearhead future growth in the market, driven by economic development and increasing government regulations pertaining to food and water. Asia-Pacific is projected to emerge as the fastest growing regional market with a CAGR of 7.6% over the analysis period. Changing international food trade policies and the increased need to comply with various food safety regulations are playing a significant role in the adoption of food safety measures in countries that are heavily dependent on agricultural commodity exports. In addition, entry of private sector enterprises is helping revolutionize quality assurance standards in these markets.
Major players covered in the report include 3M Company, bioMérieux SA, Celsis International Ltd., Charm Sciences, Inc., DuPont Molecular Diagnostics, Neogen Corporation and Thermo Fisher Scientific Inc., among others.
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 of major companies worldwide. The report provides market estimates and projections in US$ for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East and Latin America (Brazil and Rest of Latin America). Testing types analyzed include Pathogen Testing, Pesticide Testing, GMO Testing, and Other Testing Types, which includes testing for contaminants such as BSE (Bovine Spongiform Encephalopathy) Prions, Allergens, Meat Species, & Industrial Chemicals.
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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