Global Shelf Life Testing Market Size - Segmented by Food Type, by Method Type, and Geography - Growth, Trends and Forecasts (2018 - 2023)

Shelf Life Testing Market Insights
Deterioration due to microbial contamination is one of the major threats to the safety of food and poses an impact on the quality of food. The guidelines and regulations are recently being adhered to ensure the safety and quality of all packaged foods and beverages. Assessing shelf life is becoming an increasingly incorporated element being considered objectively and scientifically by all the producers involved in food manufacturers. This approach has led to an increase in the shelf life testing market over the forecast period (2018-2023). The global shelf life testing market is expected to grow with a value CAGR of 6.8% over the forecast period (2018-2023).

The major strategy being adopted by major food and beverage manufacturers is to provide transparent information about the consequences of not using the product within a limited time which is making the shelf life testing services popular amid the consumers and the major companies.

Accurate and reliable food testing is also reducing the risk of product recalls and the companies are identifying the causes the reduced shelf life which is also helping them to improve their products, processes ultimately contributing in their profitability, which is making the technique popular in the market.

Demand of Packaged and Convenience Food Driving Growth of Shelf Life Testing Market
The consumer landscape is leaning towards how food products are being made and from where the ingredients are sourced which has led to an increase in popularity of packaged food in the global market since the food and beverage manufacturers are incorporating the desired information on the labels offered with the products. The manufacturers are also adding necessary information on the labels like the timeline in which the product needs to be used and the consequences of consuming the food item after the specified time which is being highly liked by the consumer and is one of the major drivers for shelf life testing market over the forecast period (2018-2023). The rising digital convenience in the global market has aligned perfectly with the trend of personalization. Along with a convenient shopping experience, technology has also made the product information much more accessible to the consumers which has escalated the sales of packaged food and has strengthened the market for shelf life testing.

Packaged Food the Fastest Growing Segment in Shelf Life Testing Market
Increasing trend of personalization in the packaged food industry has recently revolutionized the look and behavior of the brands and has successfully created a deeper connection with the target audience. Increasing personalization has led the manufacturers to incorporate all the information needed including the shelf life which has successfully build a sense of trust amid the consumers and has led to the growth of market of shelf life testing over the forecast period (2018-2023).

The consumers in the recent global market are more leaning towards internet which is driving the change in packaged food industry. With an immense transparency related to the food products over digital platforms has led to an increase in the market for shelf life testing. Increasing consumer access to the information like food scandals, usage of harmful ingredients in food formulations has built a strong desire amid the consumers to almost anything and everything about foods. Transparency in supply chain is driving the market growth over the next decade.

United States to Hold Significant Market Share in Shelf Life Testing Market
A significant share of food being consumed by the consumers in the United States is imported from overseas markets like China. This has led to a rise in the food safety testing and has already mandated the incorporation of taglines like “use before” or “best before” leading to the growth in shelf life testing in the country over the forecast period (2018-2023). Owing to the highly developed nature of the country, the bar of awareness is already set high in the country where consumers continually seek necessary information through the product labelling and response from the major manufacturers operating the country in the form of information transparency has led to an increase in the shelf life testing market. The country provides a huge opportunity for new technology and process launches and major companies are eyeing the local market for growth. For example, Nanox obtained a license from the U.S Food and Drug Administration to sell a bactericidal material for application in plastic food packaging in the United States.

Competitive Landscape in Shelf Life Testing Market
AgriFood Technology
ALS Limited
AsureQuality
Bureaur Veritas
Eurofins
Intertek Group Plc
Merieux
Microchem Lab Services (PTY) Ltd.
Premier Analytical Solutions
RJ Hill Laboratories
SCS Global
SGS SA
Symbio Laboratories
TV Nord Group

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Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
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Country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
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