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Food Safety Testing - Global Market Trajectory & Analytics

  • ID: 338415
  • Report
  • May 2020
  • Region: Global
  • 339 Pages
  • Global Industry Analysts, Inc
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Amid the COVID-19 crisis and the looming economic recession, the Food Safety Testing market worldwide will grow by a projected US$9.8 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 6.5%. Microbiological Testing, one of the segments analyzed and sized in this study, is forecast to grow at over 6.5% and reach a market size of US$7.6 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Microbiological Testing market will be reset to a new normal which going forward in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 5.2% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$295.3 Million to the region's size over the next 7 to 8 years. In addition, over US$289.7 Million worth of projected demand in the region will come from Rest of the European markets. In Japan, the Microbiological Testing segment will reach a market size of US$270 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Food Safety Testing market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 10.5% over the next couple of years and add approximately US$2.5 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Food Safety Testing market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:

3M Company, bioMérieux SA, Bureau Veritas S.A, Charles River Laboratories International Inc, Char

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Food Safety Emerges as a Major Concern for Public Health Systems
Recent Market Activity
Increasing Focus on Safe and High-Quality Foods Propels Food Safety Testing Market
A Bird’s Eye View of Food Testing Market
Growing Need to Curb Foodborne Illnesses Drives Food Safety Testing Market
Developed Economies Lead the Food Safety Testing Market
Asia-Pacific Spearheads Growth in the Food Safety Testing Market
Pathogen Testing - The Largest Food Testing Type
GMO Testing: The Fastest Growing Testing Category
Pesticide Residue Testing Market Rides on the Growing Need to Limit Pesticide Remnants in the Food Supply Chain
Meat Industry - The Largest End-Use Segment
Highly Regulated Food & Beverage Industry Presents Opportunities for Testing Market
FSMA Implementation Pushes Demand for Technologies Enabling Traceability
Globalization Injects Universal Demand for Food Diagnostics
Increase in Number and Complexity of Foodborne Outbreaks and Product Recalls - Food Safety Testing Market Positioned for Growth
A Glance at Select Product Recalls in the US - 2018
List of Foodborne Illness Outbreaks in the US (2013-2017)
Rapid Screening Gains Preference over Traditional Food Testing Procedures
Traditional Testing Technologies Continue to Rule the Roost
Leading Food Processors Resort to Rapid Microbiological Testing
Competitive Landscape
Food Safety Diagnostic Companies Facing Testing Times
Global Competitor Market Shares
Food Safety Testing Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
Food Safety Testing Service Providers
ALS Limited (Australia)
Bureau Veritas S.A. (France)
DTS Food Laboratories (Australia)
Charles River Laboratories International, Inc. (USA)
Covance, Inc. (USA)
Eurofins Scientific (Luxembourg)
Genetic ID NA, Inc. (USA)
ifp Institut für Produktqualität GmbH (Germany)
International Laboratory Services (UK)
Intertek Group PLC (UK)
Mérieux NutriSciences (USA)
Microbac Laboratories, Inc. (USA)
Neogen Corporation (USA)
Romer Labs, Inc. (USA)
SGS SA (Switzerland)
Food Safety Testing Product Companies
3M Company (USA)
bioMérieux SA (France)
Biolog, Inc. (USA)
Charm Sciences, Inc. (USA)
FOSS A/S (Denmark)
Hygiena, LLC (USA)
R-Biopharm AG (Germany)
Thermo Fisher Scientific, Inc. (USA)

3. MARKET TRENDS & DRIVERS
Rising Food Needs of an Expanding Global Population Turn Focus onto Food Safety
Food Contract Laboratories to Outdo In-house Labs
Outsourcing of Food Safety Testing Gathers Steam
Food Microbiology Testing Market on a Growth Spree
Rapid and Automated Tests: Attractive Solution for Food Processors
Non-O157 STEC Pathogens: Focus of Testing Companies
Food Safety Market Being Transformed by Emerging Technologies
Next-Generation Sequencing (NGS)
Blockchain Technology
Industrial Internet of Things (IIoT)
NGS-based Food Safety Testing: A Technology with High-Growth Promise
Novel & Tested Technologies to Spur Growth
Nanotechnology in Food Testing
Biosensors and Smartphones Set New Frontiers
Biotechnology and Bioinformatics - The Backbone of New Testing Technologies
SERS Technique - An Alternative to PFGE
Process Testing to Gain Prominence
Automation Picks Up Momentum
Smart Labels and Tags Gains Significance
Consumer Packaged Goods Companies: Technology Innovations Aid in Compliance with Food Safety Requirements
Adulteration of Meat Products on the Rise
Meat Irradiation: A Solution to Curb Contamination?
Poultry Industry Embraces Rapid Microbiological Testing Technologies
Mycotoxin: A High-Grade Food Contaminant
List of Common Mycotoxins and its Effect on Health
Food Safety Services Challenged by Emerging Raw Materials
Environmental Monitoring Gaining Prominence in Food Processing Environment
Mandatory Labeling Requirements Bode Well for Food Safety Testing Market
Key Issues
Food Diagnostics - The Legislative Perspective
Food Industry's Growing Threat: Genetically Modified Organisms (GMOs)
Food Safety Issues in Food Production
Global Companies Resist Standardization of Testing Procedures
Technical and Cost Related Hurdles Hamper the Microbiology Testing Market
Test Kits Remain Insufficient for Detecting All Allergens
Ban on Antibiotics Fuel Food Residue Testing
Herbicide Resistant Genetically Engineered Plants Pose Problem

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
US Food Safety Testing Market Share (in %) by Company: 2018 & 2025
Market Analytics
CANADA
JAPAN
CHINA
EUROPE
Market Facts & Figures
European Food Safety Testing Market: Competitor Market Share Scenario (in %) for 2018 & 2025
Market Analytics
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA

IV. COMPETITION
Total Companies Profiled: 84
Note: Product cover images may vary from those shown
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