An exciting new study from the team of Lucintel found that food safety testing market is expected to reach $7.0 billion by 2026 with a CAGR of 6.9%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The food safety testing market is segmented based on by contaminant, technology, end use, and region. In this market, pathogens are the largest segment by contaminant, whereas meat, poultry, and seafood are largest by end use. Players can benefit from the available opportunities like growing international trade which has mandated food safety testing to comply the regulatory standards and growing population.
The usage of DNA-based PCR-testing method for GMOs and introduction of mass spectral detection is emerging trend having impact on dynamics of the industry.
Eurofins Scientific, SGS S.A., Intertek Group, ALS Ltd., Bureau Veritas, Asurequality Limited, and Mérieux NutriSciences are some of the major players profiled in this 213 page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the food safety testing market by contaminant (pathogens, pesticides, genetically modified organisms (GMO), toxins, allergens, and others), technology (traditional and rapid), end use (dairy products, food grains, meat, poultry, & seafood, fruits & vegetables, processed foods, beverages, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the food safety testing market?
Q.4 What are some changing demands of customers in the food safety testing market?
Q.5 What are the new developments in the food safety testing market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this food safety testing area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this food safety testing market?
This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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