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

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Food Safety Testing Market size worth over 15bn
by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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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.

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Continued...

• 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
  2015.  
• 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.

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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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