Current Business Affairs Global Food Safety Testing Market 2018

Food Safety Testing Market By Contaminant, By End Use, By Technology
And By Region - Global Industry Analysis, Size, Share, Growth, Trends
And Forecast 2015–2025
Market Definition:
The food safety testing market size was valued at USD 12.0 Billion in 2016 and is expected to reach USD 23.5 Billion,
growing with a CAGR of over 7% during the forecast period. Increasing incidences of contamination in food safety has
propelled the demand for food safety by food manufacturers. Moreover, high awareness pertaining to foodborne
diseases caused by food contamination has rendered food safety testing a necessity for the food manufacturers thereby
augmenting the sales of this service.
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Market Analysis with Latest Growth Factors:
Advent of advanced techniques and more sophisticated equipment employed for food safety testing is also expected to
gain traction in sales of tested food products for the past few years and continues to show promising prospects for
future growth. The government of various countries has introduced stringent food safety laws mandating the quality of
food product, which is expected to impact the industry positively. Additionally, global expansion of food and beverages
industry, compounded growing food service industry is another factor fueling the market growth. However, lack of
proper administration of food infrastructure could impact the market negatively. Furthermore, limited resources
essential for arranging a controlled food infrastructure may also hamper the market growth.
The global food safety testing market is segmented to contaminant, end use, technology and region.
Major Key Players:
The key players in the market include AsureQuality Ltd, Microbac Laboratories, Inc., Mérieux NutriSciences, Intertek
Group plc, Laboratory Corporation of America Holdings.Genetic ID NA, Inc., ALS Ltd., Bureau Veritas SA, Eurofins
Scientific, TÜV SÜD, SGS SA and TÜV Nord Group.
Market Segmentation:
On the basis of contaminant, the market is bifurcated into pathogens, genetically modified organisms, chemicals and
toxins. The pathogens segment is further classified into bacteria, viruses and funguses. In the contaminant section,
pathogen segment is estimated to account for the largest market share in the food safety testing market owing to the