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The Food Testing Market is expected to reach $8690 million by 2023

Americas is the largest region in the Food Testing Market during the forecast period. It is expected to reach $2492.49 million by 2023 at a CAGR of 3.1%. This growth is due to the increasing consumer demand for food safety and quality. The US is the most developed country in the world, and it has a well-established food industry. Strict food safety regulations, increasing disease outbreaks, and growing desire for healthy food products among people, drive the growth of the Food Testing Market

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Asia Pacific to have a major share in the GAN Substrates Market

Asia Pacific dominates the GaN Substrates Market with a share of 70%. Sapphire production is 78%, while GAN production is 84% in the Asia Pacific countries. These countries are the largest producers of LED. During 2018-2023, the market is expected to have a CAGR of 92%, with a high demand for LED and PSD in countries like Tokyo, Korea, Taiwan, and China. Asian players share half of the market due to the larger production of substrates in these countries. Compared to other countries, countries in the Asia Pacific region have low manufacturing and labor costs. This factor drives the growth of the power GAN devices during the forecast period

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The Food Testing Market is expected to reach $8690 million by 2023

Asia Pacific to have a major share in the GAN Substrates Market