About this market
Technavio's food safety testing market analysis considers sales from meat and poultry, fruits and vegetables, processed foods, dairy, and other applications. Our report also provides a detailed analysis of the market in Asia, Europe, North America, and ROW. In 2019, the meat and poultry segment had a significant market share, and this trend is expected to continue over the forecast period. Frequent recalls and safety issues make meat and poultry as one of the highest-risk categories which necessitates food safety testing. This factor will play a significant role in the meat and poultry segment to maintain its market position. Also, our global food safety testing market report looks at factors such as increase in the involvement of government agencies, growing importance of food safety standards, and rising demand for analytical instruments in food and beverage industries. However, lack of infrastructure and underutilization of resources in developing countries, challenges with changing food regulations, and issues related to sample collection may hamper the growth of the food safety testing industry over the forecast period.
Growing importance of food safety standards
The increasing need for nutritious food has given rise to various food safety standards. For instance, IFS Food is a food safety standard containing specific compliance requirements related to customer specifications, which helps end-users to maximize transparency, reduce costs, and optimize resources. These standards ensure the implementation of validated and controlled manufacturing processes that minimize risks and augmenting the manufacturer's reputation by producing high-quality and safe products. This importance of food safety standards will lead to the expansion of the global food safety testing market at a CAGR of almost 8% during the forecast period.
Increasing applications of microorganisms
The application of microorganisms in the production of various products, such as food and beverages, food additives and supplements, and microbial enzymes, is increasing. Microorganisms such as yeasts are used to produce beverages, such as beer, wine, whisky, brandy, and rum. Microorganisms help in the commercial production of various enzymes and organic acids used in the food and beverage industry. The production of these commercial products from microorganisms is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global food safety testing market during the forecast period 2020-2024, view our report.
With the presence of several major players, the global food safety testing market is fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading food safety testing vendors, that include ALS Ltd., AsureQuality, Bio-Rad Laboratories Inc., Bureau Veritas, Charles River Laboratories International Inc., Eurofins Scientific Group, Intertek Group Plc, NEOGEN Corp., QIAGEN NV, and Thermo Fisher Scientific Inc.
Also, the food safety testing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
TABLE OF CONTENTS
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Value Chain Analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market size and forecast 2019-2024
- Market Outlook
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Meat and poultry - Market size and forecast 2019-2024
- Fruits and vegetables - Market size and forecast 2019-2024
- Processed foods - Market size and forecast 2019-2024
- Dairy - Market size and forecast 2019-2024
- Other applications - Market size and forecast 2019-2024
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- Asia - Market size and forecast 2019-2024
- ROW - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Strategic collaborations and M&A
- Adoption of advanced robotics for automation of food safety testing
- Increasing applications of microorganisms
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- ALS Ltd.
- Bio-Rad Laboratories Inc.
- Bureau Veritas
- Charles River Laboratories International Inc.
- Eurofins Scientific Group
- Intertek Group Plc
- NEOGEN Corp.
- QIAGEN NV
- Thermo Fisher Scientific Inc.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO