- December 7, 2019
- Category: Industrial Goods and Services, Other Industry Reports
Global Food Safety Testing Market Size study, by Test Type (Allergen Testing, Chemical & Nutritional Testing, Genetically Modified Organism (GMO) Testing, Microbiological Testing, Residues & Contamination Testing and Others), by Application (Meat, Poultry, & Seafood Products, Dairy & Dairy Products, Processed Food, Beverages, Cereals & Grains and Others) and Regional Forecasts 2020-2026
Chapter 1. Executive Summary 1.1. Market Snapshot 1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD BILLION) 1.2.1. Food Safety Testing Market, by Region, 2018-2026 (USD BILLION) 1.2.2. Food Safety Testing Market, by Test Type, 2018-2026 (USD BILLION) 1.2.3. Food Safety Testing Market, by Application, 2018-2026 (USD BILLION) 1.3. Key Trends 1.4. Estimation Methodology 1.5. Research Assumption Chapter 2. Global Food Safety Testing Market Definition and Scope 2.1. Objective of the Study 2.2. Market Definition & Scope 2.2.1. Scope of the Study 2.2.2. Industry Evolution 2.3. Years Considered for the Study 2.4. Currency Conversion Rates Chapter 3. Global Food Safety Testing Market Dynamics 3.1. Food Safety Testing Market Impact Analysis (2018-2026) 3.1.1. Market Drivers 3.1.2. Market Challenges 3.1.3. Market Opportunities Chapter 4. Global Food Safety Testing Market: Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026) 4.2. PEST Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.3. Investment Adoption Model 4.4. Analyst Recommendation & Conclusion Chapter 5. Global Food Safety Testing Market, by Test Type 5.1. Market Snapshot 5.2. Global Food Safety Testing Market by Test Type, Performance - Potential Analysis 5.3. Global Food Safety Testing Market Estimates & Forecasts by Test Type 2016-2026 (USD BILLION) 5.4. Food Safety Testing Market, Sub Segment Analysis 5.4.1. Allergen Testing 5.4.2. Chemical & Nutritional Testing 5.4.3. Genetically Modified Organism (GMO) Testing 5.4.4. Microbiological Testing 5.4.5. Residues & Contamination Testing 5.4.6. Others Chapter 6. Global Food Safety Testing Market, by Application 6.1. Market Snapshot 6.2. Global Food Safety Testing Market by Application, Performance - Potential Analysis 6.3. Global Food Safety Testing Market Estimates & Forecasts by Application 2016-2026 (USD BILLION) 6.4. Food Safety Testing Market, Sub Segment Analysis 6.4.1. Meat, Poultry, & Seafood Products 6.4.2. Dairy & Dairy Products 6.4.3. Processed Food 6.4.4. Beverages 6.4.5. Cereals & Grains 6.4.6. Others Chapter 7. Global Food Safety Testing Market, Regional Analysis 7.1. Food Safety Testing Market, Regional Market Snapshot 7.2. North America Food Safety Testing Market 7.2.1. U.S. Food Safety Testing Market 220.127.116.11. Test Type breakdown estimates & forecasts, 2016-2026 18.104.22.168. Application breakdown estimates & forecasts, 2016-2026 7.2.2. Canada Food Safety Testing Market 7.3. Europe Food Safety Testing Market Snapshot 7.3.1. U.K. Food Safety Testing Market 7.3.2. Germany Food Safety Testing Market 7.3.3. Rest of Europe Food Safety Testing Market 7.4. Asia-Pacific Food Safety Testing Market Snapshot 7.4.1. China Food Safety Testing Market 7.4.2. India Food Safety Testing Market 7.4.3. Japan Food Safety Testing Market 7.4.4. Rest of Asia Pacific Food Safety Testing Market 7.5. Latin America Food Safety Testing Market Snapshot 7.5.1. Brazil Food Safety Testing Market 7.5.2. Mexico Food Safety Testing Market 7.6. Rest of The World Food Safety Testing Market Chapter 8. Competitive Intelligence 8.1. Top Market Strategies 8.2. Company Profiles 8.2.1. SGS S.A. 22.214.171.124. Key Information 126.96.36.199. Overview 188.8.131.52. Financial (Subject to Data Availability) 184.108.40.206. Product Summary 220.127.116.11. Recent Developments 8.2.2. Intertek Group plc 8.2.3. Romer Labs Division Holding GmbH 8.2.4. Bureau Veritas SA 8.2.5. Eurofins Scientific SE 8.2.6. Covance Inc. 8.2.7. Merieux NutriSciences 8.2.8. Microbac Laboratories, Inc. 8.2.9. NSF International 8.2.10. Nova Biologicals, Inc. Chapter 9. Research Process 9.1. Research Process 9.1.1. Data Mining 9.1.2. Analysis 9.1.3. Market Estimation 9.1.4. Validation 9.1.5. Publishing 9.2. Research Attributes 9.3. Research Assumption
Global Food Safety Testing Market is valued approximately at USD 19.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.7% over the forecast period 2020-2026. Food safety testing refers to the inspection or examination of food products for disease-causing organisms, chemicals, and other hazardous materials. It is generally targeted at three primary food contaminants namely, chemicals, pathogens, and genetically modified organisms (GMOs). Food Safety testing is used to analyze the food frauds. Food fraud is committed when food is deliberately altered for financial gains with the intention of deceiving consumers. The food standards agency (FSA) specifies two main types of food frauds namely, sale of food that is unfit and potentially harmful and deliberate misdescription of food. The implementation of stringent regulations related to food fraud, changing consumption patterns and widespread outbreaks of food-borne illnesses is the factor responsible for growth of the market over the forecast period. Furthermore, the introducing new products and services as well as other strategic alliances by market key player will create a lucrative demand for this market. For instance: as per Company’s news release in July 2019, SGS SA launched new ‘Product Recalls’ digital platform – an at-a-glance, online database that gives consumer goods manufacturers and retailers instant access to the latest unsafe product notifications (non-food) from the EU and USA. However, lack of food control infrastructure in the developing economies is the major factor restraining the growth of global Food Safety Testing market during the forecast period.
The regional analysis of global Food Safety Testing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world due to the enforcement of stringent regulatory norms in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.
Major market player included in this report are:
Intertek Group plc
Romer Labs Division Holding GmbH
Bureau Veritas SA
Eurofins Scientific SE
Microbac Laboratories, Inc.
Nova Biologicals, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Test Type:
Chemical & Nutritional Testing
Genetically Modified Organism (GMO) Testing
Residues & Contamination Testing
Meat, Poultry, & Seafood Products
Dairy & Dairy Products
Cereals & Grains
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Food Safety Testing Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers