The Report “Food Safety Testing Equipment and Consumables Market: Food Type (Milk, Dairy, Fruits, Vegetables, Processed Food, Sea Food, Cereal, Nuts, Beverages, Others) Contaminants (Pathogens, Toxins, Others) Technology (Chromatography, Mass Spectroscopy, Others)-Forecast (2015-2020)”, published by IndustryARC, estimates the market to $3,301.4 Million by 2020.
Safety Testing has become one of the keystones of food value chain to ensure quality food products and ultimately consumer health. There are various types of food raw materials available that are directly consumed or processed into other consumable items. The products that are dominantly monitored in the food safety testing market include Dairy products and meat & poultry industry. These products are highly susceptible to contaminant presence owing to their production and processing facility conditions. Following it are the fruits & vegetables that after harvesting requires a proper environment for their storage. Global food safety testing equipment market is estimated to grow at a CAGR of 6.1% to reach $3,301.4 Million by 2020.
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The nutritional facts or labeling on the food product has been prioritized recently. The initiation of organic food products, functional foods, GMO foods and other similar products in the market has made the labeling both a regulatory and marketing compulsion for food manufacturers. For example, ‘100% gluten-free and ‘zero cholesterol’ are some of the claims visible on many organic or functional food products. In January 2015, Morrison Meat Packets (U.S.) recalled nearly 70,077 pounds of cooked pork products as it contained peanuts, a well-known allergen that is not declared on the product label. This kind of mislabeling and misbranding of a product with an undeclared allergen may lead to health hazard situations and there are more chances of adverse health consequences or death. Product related information is increasingly being perceived by the consumer to make choices while buying a food product. Thus, the rising consumer demand for accurate labeling mandates efficient testing of food.
Rise in global trade, increase in food mishaps resulting in product recalls, growing consumer awareness on food safety and clamor for labeling and increasing trend of outsourcing testing, inspection and certification (TIC) activities are the key drivers for increasing demand for food safety testing equipment. PCR equipment is the segment accounted for highest revenue in this market and is estimated to grow at a CAGR of 7.5%. North America is the dominant market for food safety testing equipment and is estimated to reach $991.6 Million by 2021 at a CAGR of 4.6%.
The key Players in this Market Include
- Thermo Fisher Inc.
- Agilent Technologies Inc.
- Bruker Corporation
- Shimadzu Corporation
The food safety testing equipment and consumables market is dominated by key players with a wide distribution network and strong brand image. Acquisitions and product launches are few of the growth strategies the key players in the industry are striving to increase their market share.
Various types of consumables included in the report are:
- Test Kits
- Reagents
- General Labware
The overall market is also presented from the perspective of different geographic regions and the key countries for this industry.
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