Vancouver, BC -- (SBWire) -- 04/09/2021 --Market Size – USD 19.94 Billion in 2019, Market Growth - CAGR of 6.5%, Market Trends – High demand for patient safety.
The Global Food Safety Testing System Market is projected to reach USD 33.78 billion in 2027. A higher outbreak of foodborne diseases and the implementation of strict regulatory rules on the optimal quality of foodstuffs are expected to boost market demand for product safety over the planned period. Governments and food producers have been making substantial efforts to improve the quality of edible products due to contamination-related health and economic harm. In addition, improved safety checks are likely to result in the involvement of authorities such as FDA and FSSAI to ensure compliance with quality requirements for goods.
The largest proportion of the food safety research industry is in the European market. In the past few years, several food safety concerns have been reported in European countries. As a result, strict policies to enforce full public food security have been controlled.
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Competitive Landscape:
The research report offers key insights into the leading market players' strengths and weaknesses, assessed using Porter's Five Forces and SWOT analyses. The report includes Food Safety Testing System market segmentation based on product type, application spectrum, and key regions. The investigative study estimates the market size, market share, and revenue generation over the forecast timeframe. The key players profiled in the report include:
Key players in the market include SGS S.A., Romer Labs Division Holding GmbH, Intertek Group plc, Bureau Veritas SA, Covance Inc., Eurofins Scientific SE, Merieux NutriSciences, NSF International, Microbac Laboratories, Inc., and Nova Biologicals, Inc.,, among others.
Food Safety Testing System Market Segmentation:
For the purpose of this report, Emergen Research has segmented into the global Food Safety Testing System Market on the basis of Test, Application, and region:
Test Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Allergen Testing
Chemical & Nutritional
Genetically Modified Organism (GMO)
Microbiological
Residues & Contamination
Others
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Meat, Poultry, & Seafood Products
Dairy & Dairy Products
Processed Food
Beverages
Cereals & Grains
Others
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Objectives of the Global Food Safety Testing System Market Study:
An in-depth study of the evolving market sectors and the growth & penetration status of the global Food Safety Testing System market
COVID-19 Impact Analysis to highlight the major opportunities and challenges
Strategic recommendations to help readers formulate lucrative business strategies
Identification of the emerging players and their tactical approaches to expand market presence
An extensive study of the product portfolios of the major market players and their regional presence
A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers & acquisitions, collaborations, partnerships, and joint ventures
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Food Safety Testing System Market Segmentation & Impact Analysis
4.1. Food Safety Testing System Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growth in demand for convenience and packaged food products
4.2.2.2. Increase in outbreaks of chemical contamination in food processing industries
4.2.3. Market restraints analysis
4.2.3.1. Industry Challenges
4.2.3.2. Lack of skilled labor during COVID-19
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Food Safety Testing System Market By Test Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
5.1. Test Dynamics & Market Share, 2019 & 2027
5.1.1. Allergen Testing
5.1.2. Chemical & Nutritional
5.1.3. Genetically Modified Organism (GMO)
5.1.4. Microbiological
5.1.5. Residues & Contamination
5.1.6. Others
CONTINUED..!!
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Food Safety Testing System Market Size, Share, Industry Growth, Trend, Business Opportunities, Challenges, Drivers and Restraint Research Report by 2027
The increased chemical contamination outbreaks and growing awareness of food safety in food processing industries. are driving the demand for the market.