Food Pathogen Testing Industry to surpass 850 Million tests by 2024 - PowerPoint PPT Presentation

About This Presentation
Title:

Food Pathogen Testing Industry to surpass 850 Million tests by 2024

Description:

Rising health concerns including illnesses, toxicity, and poisoning due to presence of contaminants in edible products has enhanced the product scope. Inclination towards better quality, hygienic and organic products particularly in developed nations will drive the industry demand. – PowerPoint PPT presentation

Number of Views:39

less

Transcript and Presenter's Notes

Title: Food Pathogen Testing Industry to surpass 850 Million tests by 2024


1
Global Food Pathogen Testing Market in North
America to hit USD 2 billion by 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Food Pathogen Testing Market
  • Dairy industry expansion is directly
    proportionate food pathogen testing demand.
  • Improvement in milk processing technologies and
    farmer's training and strict safety norms by the
    government are likely to propel industry growth.
  • According to FAO, Asia Pacific dairy industry
    expenditure was around USD 100 billion in 2016
    and it is projected that milk production will
    surpass 120 million tons in coming years.
  • Salmonella was valued at over USD 1.2 billion in
    2016, rise in substantial number of food borne
    disease owing to presence of salmonella in fruits
    vegetables, processed food, dairy, and meat
    will drive demand.
  • Centre for Disease Control and Prevention (CDC)
    has estimated that in the U.S., listeria is the
    third leading cause of death of over 260 people
    every year.

3
Continued...
  • More than 1,600 people get sick from listeria
    every year in the U.S.
  • Traditional technology segment will grow at over
    6.5 up to 2024. Low initial cost and simple
    steps associated with the test will support this
    segments growth during forecast period. PCR
    technology holds 14 of the overall industry
    share.
  • Increased accuracy, reduced cost and rapid test
    results is likely to drive this segment growth.
  • Meat poultry will grow at over 7 up to 2024.
    campylobacter E. coli and salmonella are the key
    contaminants found in these products. Poor
    hygienic conditions and improper handling during
    skinning befeathering results in contamination
    which is expected to support this segment growth.
  • FSIS have established new rules for preventing
    meat poultry products contamination in
    processing slaughter plants based on Hazard
    Analysis Critical Control Point (HACCP) system.

4
Continued...
  • North America market will be worth over USD 2
    billion by 2024. Increasing awareness among
    consumers towards fodder safety, recent disease
    outbreaks and rising usage of preservatives are
    the key factors supporting the industry growth in
    this region.
  • High medical expenses and increased use of
    genetically modified organisms in food
    beverages industry will fuel regional industry
    growth.
  • Asia Pacific will witness gains at over 8 up to
    2024. Stringent government norms coupled with
    increasing number of manufacturing firms will
    drive regional industry growth. Japan has been on
    the forefront for registering patents to develop
    technologies used for detecting contaminants.
  • Europe market will be worth over USD 1.7 billion
    by 2024, rise in meal contaminant illness.
    Increasing government efforts for curbing
    pathogens related epidemics will support industry
    growth in the region.

5
U.S. Food Pathogen Testing Market, By
Contaminant, 2013-2024, (Million tests)

6

Browse Full Market Research Report On Food
Pathogen Testing Market _at_ http//bit.ly/2gG4mdR
Request for a Sample of this Research Report
_at_ https//www.gminsights.com/request-sample/detail
/1417
7
Stay In Touch Website www.gminsights.com Soci
al Media
Write a Comment
User Comments (0)
About PowerShow.com