Global Food Safety Testing Market is forecasted to grow a CAGR Of 7.6% from 2016 to 2021

According to the report “Global Food Safety Testing Market", published by Market Data Forecast, the global market is projected to reach USD 17.72 billion by 2021, at a CAGR of 7.6% from 2016 to 2021.

Food supply, globally, is under persistent threat, and there is an increasing need for realistic test products that can safeguard food safety. Microbial pathogens such as bacteria, environmental toxins, food allergens, viruses, residues of drugs and agricultural chemicals can damage consumers, if unrestricted. Main reasons that cause food contamination are shortcoming in treating and processing the food to put an end to toxins and other impurities, incorrect handling of food and polluted input food materials.

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Microbiological testing holds the largest part of the market due to its safety testing in almost all food products. Also, increasing consumer awareness about GMO products and strict guidelines have improved the GMO testing market. The rapid technology segment is anticipated to grow at the highest CAGR and it is due to the development of testing methods. The standing of this segment is rising due to its quick, accurate, efficient, and easy-to-use features. Meat and poultry are the chief segments in the food safety testing market, due to the amplified microbial impurities in this agricultural product. However, processed foods are the quickest growing sector with a CAGR of 8.1%.
The factors affecting the Global Market for Food Safety Testing Market, either positively or negatively are presented in the DROC analysis. Some of the things discussed in the section are increase in the number of foodborne illnesses, growing demand for pathogen testing, strict procedures, better consumer cognizance and globalization of the food business. Corporations involved in the production and circulation of food products are directed by the respective regional and international supervisory bodies, to implement food safety analysis and accreditation. However, the time taken and excessive cost of the testing procedure are the key factors restricting the growth of this market.

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For granular level understanding the Food Safety Testing Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segment.
By Flavour:
• Chocolate
• Coffee
• Herbs & Seasonings
• Vanilla
• Fruit
• Maple
• Malt
• Palm
• Others

By Flavour Type:
• Salty
• Sour
• Mint
• Savoury
• Sweet

By Application:
• Dairy & Frozen Desserts
• Bakery
• Confectionery
• Beverage
• Others

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The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Latin America and Middle East and Africa. North America accounted for the largest share in the global Food Safety Testing market, accounting for around 37% of the global market followed by Europe. The Asia-Pacific market, which is mainly driven by China and India is expected to offer lucrative growth opportunities, owing to the considerable increase in the number of testing procedures. For more of regional analysis check out the following reports.
• North America Food Safety Testing Market
• Europe Food Safety Testing Market
• Asia-Pacific Food Safety Testing Market
• Latin America Food Safety Testing Market
• Middle East and Africa Food Safety Testing Market

The major companies dominating this market are Bureau Veritas S.A., ALS Limited, Eurofins Scientific, Intertek Group PLC, Silliker Inc., and DTS Laboratories. Significant strategies such as investments in R&D are being employed by major companies to meet the rising demand for Food Safety Testing.

The Food Safety Testing Market study offers the following deliverables:

• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming
• Segment-level analysis on basis of drug type and application along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Checkout other related studies in the Processed Segment:

Flavoured Syrups Market: http://www.marketdataforecast.com/market-reports/global-flavoured-syrups-market-886/

Poultry Processing Equipment Market: http://www.marketdataforecast.com/market-reports/global-poultry-processing-equipment-market-1531/

Dairy Processing Equipment Market: http://www.marketdataforecast.com/market-reports/global-dairy-processing-equipment-market-1050/

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