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 market for such safety check is highly competitive, as key players not only compete with other testing companies, but also with end user and government agencies internal analytics departments.
The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments. The latest research report can be viewed as a valuable source of viable data and information pertaining to this particular business vertical. It provides a complete overview of the Food Safety Testing System industry, considering the future growth analysis, demand, and supply graphs, as well as historical and future costs and revenue generation.
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Notable technological developments such as the use of electrical biosensors for microbiological safety testing are evident on the food safety testing market. The analysis time is expected to be reduced and the results accuracy increased. Therefore, higher manufacturing companies’ investment to ensure higher quality of foodstuffs would fuel demand growth.
Inadequate regulatory infrastructure is considered to be in place in the underdeveloped countries because of limited resources and a lack of reorganization by food regulators. In the Asia-Pacific sector, however, the industry is expected to increase because of significant growth in8 the food processing sector in developing economies such as India and China and the enforcement of strict product safety regulations. More awareness of quality controls and the testing of foodstuffs should also help market growth during the forecast period.
The global Food Safety Testing System market study covers the current COVID-19 scenario that has turned the global business sphere upside down. The coronavirus has resulted in a major economic downturn worldwide, while also adversely impacting the growth of this industrial sector. The pandemic has brought about drastic changes in market conditions.
In no way will the COVID-19 pandemic threaten the growth of the industry. Core market leaders are pessimistic about the industry’s future and are looking to find ways to address the issue. To order to develop facilities and other operations several hospitals had to impact the industry greatly. There is a lack of resources due to normal lockout in different parts of the world. The significant decrease in national demand attributed to the trade, exports and imports of COVID-19 from outside the EU. The world’s largest businesses tend to smooth their budgets and build cash reserves. Actual production levels are eventually decreased for workers, and companies are searching for new ways of customer demand fulfillment at even lower costs.
With a major focus on the growth trajectories of each segment of the market, the report inspects the operating patterns of each market contender, for instance, partnerships & collaborations, mergers & acquisitions, and new product launches, in a detailed manner.
Cross-contamination, failure to adhere to labeling and other factors have resulted in growing cases of infection of food supply chain problems, economically induced malpractices, failure to follow good hygiene and sanitation practices in manufacturing, transportation and storage, and lack of knowledge of allergens.
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.
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.
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It offers a lucid picture of current trends in the global market, with an unbiased perspective of the leading market players, key regions/countries, end-use industries, and various product types.
- Test Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Allergen Testing
- Chemical & Nutritional
- Genetically Modified Organism (GMO)
- Residues & Contamination
- Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Meat, Poultry, & Seafood Products
- Dairy & Dairy Products
- Processed Food
- Cereals & Grains
The market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
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Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- North America
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
Key questions addressed in the report:
- What are the key factors driving the global Food Safety Testing System market?
- Who are the key manufacturers in this market space?
- Who are the distributors, traders and dealers of this market?
- What are the market opportunities and risks affecting the performance of the vendors in the global Food Safety Testing System market?
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Global Food Safety Testing System Market Report – Table of Contents:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
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
188.8.131.52. Growth in demand for convenience and packaged food products
184.108.40.206. Increase in outbreaks of chemical contamination in food processing industries
4.2.3. Market restraints analysis
220.127.116.11. Industry Challenges
18.104.22.168. 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)
5.1.5. Residues & Contamination
Chapter 6. Food Safety Testing System Market By Application Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
6.1. Application Dynamics & Market Share, 2019 & 2027
6.1.1. Meat, Poultry, & Seafood Products
6.1.2. Dairy & Dairy Products
6.1.3. Processed Food
6.1.5. Cereals & Grains
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