Europe Food Safety Testing Market Analysis, Companies Profiles, Size, Share, Growth, Trends and Forecast to 2025
Europe food safety testing market is expected to reach USD 6,529.99 Million by 2025 from USD 3,853.52 Million in 2017, at a CAGR of 7.1% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The major factors driving the growth of this market are increase in rising outbreak of food borne illness, stringent regulations imposed in food industry, increased globalization of food trade, advancements in technology, rising demand of convenience and packaged food products and increased incidences of outbreaks of chemical contamination in food processing and manufacturing industry. On the other hand lack of infrastructure for food control may hinder the growth of the market.
The key market players for Europe food safety testing market are listed below:
• SGS SA
• Eurofins Scientific
• Bureau Veritas
• TÜV SÜD
• TÜV NORD GROUP
• Intertek Group plc.
The market is further segmented into:
• Testing Type
• Food Categories
The Europe food safety testing market is segmented based on testing type into five notable segments; pathogens, pesticides, GMO, toxins and others. Pathogens are sub segmented into E.coli, salmonella, campylobacter, listeria and others. In 2018, pathogens are projected to lead with the shares 71.7% and will attain USD 4689.74 million by 2025, with the CAGR of 7.1%.
The Europe food safety testing market is segmented based on technology into four notable segments; polymerase chain reaction, immunoassay, chromatography, enzyme linked immunosorbent assay, biochip or biosensor, flow cytometry, microarrays, rapid assay and others. Chromatography is sub segmented into liquid chromatography, gas chromatography, thin layer chromatography, paper chromatography and column chromatography. In 2018, polymerase chain reaction segment is ruling the Europe food safety testing market with 42.9% shares and will cross USD 2995.72 million by 2025, with the highest CAGR of 8.1% in the forecast period of 2018 to 2025.
The Europe food safety testing market is segmented based on food categories into seven notable segments; processed foods, meat and poultry, dairy products, fruits and vegetables, grains and cereals, seafood and others. In 2018, meat & poultry segment will lead in the Europe food safety testing market with 31.9% shares and is expected to reach USD 2090.78 million by 2025, growing with a CAGR of 7.1% in the forecast period 2018 to 2025.
The Europe food safety testing market is segmented based on contaminants into six notable segments; salmonella, Escherichia coli, pseudomonas, bacillus, moulds and others. Each contaminant is sub segmented into different food category such as processed foods, meat and poultry, dairy products, fruits and vegetables, grains and cereals, seafood and others. In 2018, Salmonella segment is expected to dominate the Europe food safety testing market with 30.9% shares and is anticipated to reach USD 2103.16 million by 2025, growing at the highest CAGR of 7.7% in the forecast period 2018 to 2025.
Based on geography, the market is segmented into 11 geographical countries:
• Rest Of Europe
The report covers the present scenario and the growth prospects of the Europe food safety testing for 2018-2025. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
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