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Food Safety Testing Market to surpass $15 Bn by 2024

Food Safety Testing Market Size By, By Technology, By Food, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

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Food Safety Testing Market to surpass $15 Bn by 2024

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  1. Food Safety Testing Market Worth USD 15 Bn by 2024: Global Market Insights Inc.

  2. Key Insights from Food Safety Testing Market • Food Safety Testing Market size was over USD 9 billion in 2015, increasing with estimated gains at over 7%. • Stringent regulatory compliances from FDA and REACH owing to growing food borne diseases outbreaks are driving global food safety testing market size growth. Food supply trade globalization is among the key major factor increasing the cross-contamination level and hence fuelling industry growth. • Growing consumer awareness and testing industry expansion due to increasing gastrointestinal disorder & toxicity cases will fuel Germany food safety testing market growth. Europe was already valued at over USD 2.5 billion in 2015. • Changing consumer lifestyle and taste preferences for international cuisines are encouraging food supply chain recognition & improvement. International trade dependency on certification and safety tests are key factors fuelling industry growth.

  3. Continued... • 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. • 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.

  4. U.S. Food Safety Testing Market size, by contaminants, 2013-2024 (USD Million)

  5. Browse Full Market Research Report On Nutritional Lipids Market @ https://goo.gl/KMZv2Z Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/824 https://www.gminsights.com https://www.gminsights.com/request-sample/detail/49

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