The Global Food Safety Market is currently accounted for US$XX Million and is expected to grow to US$XX Million by 2022, at a CAGR of XX% during the forecast period. Excessive usage of Genetically Modified Organisms, a plethora of foodstuffs coming from a variety of sources and growing number of street food outlets has created an enormous demand for the Food Testing Industry. A recent report by WHO said that over 2.5 million people died from diarrheal diseases in 2014 due contaminated diet. In the U.S., approximately 75 million cases are registered for the same each year, out of which 325 thousand patients have to be hospitalized and nearly 5 thousand die. The situation is even worse in developing nations, where the numbers are exponentially high.
A number of factors have contributed in making the Food Safety Testing Market one of the most prominent parts of the Food and Beverages Industry. Rapid growth in population, especially of children below 5 years of age, who are susceptible to ailments related to contaminated food, has increased the demand for food testing. Coming of better techniques for food analysis and developments in the equipment, which not only qualitatively detect the impurities, but also quantify them have helped the industry to expand. However, the overall market scenario of the Food Safety Testing Market globally is highly fragmented due to a presence of many small, regional players. Key players in the industry only own about 20% of the global market share. The Food Safety Testing Industry currently focuses more on detection of pathogens. The growing resistance of pathogens to various insecticides as well as genetically modified varieties of crops has created tremendous opportunities for innovation in the segment. Also, coming of new chemicals in the field of fertilizers and pesticides has posed a challenge for the industry.
On the basis of contaminants, the Food Safety Testing market can be segmented into Pathogens, GMOs, Chemicals and toxins and others. The Pathogens segment leads the market and is further divided into Bacteria, Viruses, Fungi and others. The Bacteria fragment covers most of the pathogen-detecting segment. GMOs form the second largest segment in the industry and are expected to show rapid growth due to recent technological innovations and awareness against the side-effects of genetically modified foodstuff.
Currently, Europe leads the market in terms of revenue, followed by North America and Asia-Pacific regions. The recent ban on GMOs imposed by the European Union has created a huge demand for testing Genetically Modified Organisms. Due to exponential growth in food grain production and also the need to maintain specific global standards for food products, the market is expected to show rapid growth in the Asia-Pacific region, especially in India and China.
Some of the key players in the industry include Bio-Rad Laboratories. Inc. (U.S.), Intertek Group Plc (U.K.), Eurofins Scientific SE (Luxembourg) and Thermo Fisher Scientific. Inc. (U.S.).
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage