Food Safety Testing Market size worth over $15bn by 2024 - PowerPoint PPT Presentation

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Food Safety Testing Market size worth over $15bn by 2024


Food Safety Testing Market Size By Contaminant, By Technology, By Food Type, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024 – PowerPoint PPT presentation

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Title: Food Safety Testing Market size worth over $15bn by 2024

Food Safety Testing Market size worth over 15bn
by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Key Insights from Food Safety Testing Market
  • U.S. food safety testing market size has
    witnessed significant gains the country caters
    over 25 of the overall demand in 2015. Policy
    developments by Food Safety and Inspection
    Service (FSIS) pertaining to labelling and
    ensuring national commercial supply have
    encouraged regional industry growth.
  • Pesticides accounted for over USD 800 million in
    2015. Soil contamination, agriculture residue and
    contaminated water fishes are key foundation to
    enter pesticides in consumer dietary value chain.
  • Rapid technology market will generate over USD 7
    billion business by 2024. Accuracy in monitoring
    type, count, and metabolites micro-organisms
    related to product preservation, spoilage,
    safety, and fermentation should encourage rapid
    technology adoption.
  • Immunoassay, PCR-based techniques, ELISA, rapid
    culture detection, and biosensors are key
    featured rapid technologies.

  • Unhygienic condition while skinning and handling
    animals are key responsible factor favoring meat
    poultry food safety testing market. The segment
    generated close to USD 2 billion business in
  • China is set to observe over 11 growth, rising
    regulatory codes pertaining to product
    importation in Europe and North America will
    drive regional demand.
  • Good Agricultural Practices (GAP), Good
    Manufacturing Practices (GMP), Good Hygiene
    Practices (GHP), and Hazard Analysis Critical
    Control Point (HACCP) are key authorities
    stimulating industry growth.
  • Global food safety testing market share is partly
    consolidated as top three industry players
    together account for over 45 of the global
    demand. Major companies include Intertek, Beureau
    Veritas, SGS, and Det Norske Veritas.

U.S. Food Safety Testing Market size, by
contaminants, 2013-2024 (USD Million)


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360 Analysis
  • Technology Trends
  • The rapid food safety testing technology market
    is foreseen to generate USD 7 billion valuation
    by 2015. Immunoassay, PCR-based techniques,
    biosensors, ELISA, rapid culture detection are
    regularly used technology. Efficiency to monitor
    the count, type, and metabolites micro-organisms
    pertaining to spoilage, preservation,
    fermentation, safety, and pathogens are key
    features fuelling technology adoption.
  • Regional Analysis
  • U.S. food safety testing market size accounted
    for over 25 of the global demand. High medical
    expense pertaining to contaminant illness along
    with GMO food industry expansion are key trending
    factors stimulating regional growth.
  • Competitive Market Share
  • Global food safety testing market share is
    moderately consolidated with top three players
    holding nearly 45 of the global industry demand.
    SGS, Intertek, Beureau Veritas, and Det Norske
    Veritas are key industry participants. Other
    major companies in terms of geographical presence
    includes Eurofins Laboratories, ALS Laboratory,
    Idexx Laboratories, and Bio-Rad Laboratories.

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