Global Food Testing Services Market Size, Share, Opportunities, And Trends By Technology (Rapid, Traditional), By Component Tested (GMOS, Pathogens, Allergens, Others), By Food Tested (Food And Vegetables, Cereals And Grains, Poultry And Seafood, Dairy Products, Others), And By Geography – Forecast From 2019 To 2024

Description

Food testing is a method to know the components present in food mixture, this helps in delivering safe, quality product which can meet national and international regulations. Growing outbreaks of food borne diseases raises the concern for food safety which is expected to grow the market. Increasing demand for convenience food products along with raising awareness among the consumers for food safety is anticipated to propel the growth of the market. Stringent regulations by government for regulating the food quality is further expected to boost the market. Technological innovations to develop advanced testing methods and equipment for testing industry is creating new opportunities for the market to grow. Moreover, rise in outbreaks of chemical contamination in food processing industries is expected to surge the growth of market. However, the high cost associated with the food testing equipments along with lack of development of food safety standards in emerging economies is expected to hamper the market. The market is segmented on basis of technology, component tested, food tested and geography. Based on food tested, the fruits and vegetable is expected to hold a significant share in market due to the high susceptibility of contamination as demand for fruits and vegetables is increasing. Geographically, Europe is projected to be a substantial shareholder in the market during forecasted period due to the presence of major food testing companies along with continuous investment and collaboration for development of advanced testing technologies in countries like Germany.

DRIVERS

Stringent regulations for food safety.

Rising cases of food adulteration and food borne diseases

RESTRAINTS

High procurement cost of food safety testing equipments.

INDUSTRY UPDATE

In August 2018, Eurofins acquired Covance Food Solutions to expand its business in U.S.

In April 2019, Bureau Vertias acquired Shenzhen Total – Test to further expand their market in China.

In March 2019, Neogen launched coconut food allergens test kits which include products Reveal 3-D and Veratox for testing food and beverage sample of coconut.

The major players profiled in the food testing services market are Eurofins, Bureau Vertias, Neogen Corporation, Asurequality, Intertek, Als Limited, Rj Hills Laboratories, TUV Nord Group, Romer labs and Mérieux.

Segmentation

The food testing services market been analyzed through the following segments:

By Technology

Rapid

Traditional

By Component Tested

GMOS

Pathogens

Allergens

Others

By Food Tested

Food and Vegetables

Cereals and Grains

Poultry and Seafood

Dairy Products

Others

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others