Global Food Safety Testing Market Analysis & Trends - Industry Forecast to 2025
The Global Food Safety Testing Market is poised to grow at a CAGR of around 6.6% over the next decade to reach approximately $21.3 billion by 2025. Some of the prominent trends that the market is witnessing include rising awareness among consumers, regulatory issues involved in food contamination and food poisoning, recent technological developments of food safety testing and growth opportunities/investment opportunities.
Based on food type, the market is categorized into fresh & frozen fruits & vegetables, meat & poultry, processed foods, dairy products and other food types. By product type, the market is segmented by software tracking systems, disposable gloves, disinfection products, smart labels & tags and diagnostic products.
Depending on technology, the market is segregated into rapid and traditional. Furthermore, rapid include immunoassay-based, convenience-based assay, PCR-based assay and other molecular-based tests. Traditional include agar culturing.
In terms of target tested, the market is segregated into toxins, pathogens, food allergens, GMOs, pesticides and chemical residues. Furthermore, pathogens include listeria, salmonella, campylobacter, E. Coli and other pathogens.
This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2014, 2015 revenue estimations are presented for 2016 and forecasts from 2017 till 2025. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
This report provides data tables, includes charts and graphs for visual analysis.