The Shelf Life Testing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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In accordance with The Business Research Company’s comprehensive Shelf Life Testing Global Market Report for 2024, there has been a robust expansion in the shelf life testing market size. The market is projected to witness substantial growth, escalating from $4.2 billion in 2024 to an estimated $4.59 billion, marking an impressive Compound Annual Growth Rate (CAGR) of 9.3%. This remarkable trajectory in the historical period can be ascribed to the implementation of stringent quality and safety regulations, heightened consumer demand for freshness, the global integration of the food supply chain, a dedicated focus on mitigating food waste, the burgeoning pharmaceutical sector, and the advent of biodegradable packaging.

Anticipating the future trajectory, the shelf life testing market is poised for continued ascension, projecting an expansion to $6.54 billion by 2028, fueled by a CAGR of 9.2%. Factors contributing to this growth in the forecast period include heightened consumer awareness regarding product labeling, an intensified focus on nutritional integrity, the growing intricacy of food formulations, an increased demand for natural preservatives, the emergence of personalized nutrition, and a discernible shift towards plant-based products.

High demand for packaged foods is expected to propel the growth of the shelf-life testing market going forward. Packaged foods refer to food that has its entire surface covered to protect it from damage, contamination, spoilage, pest attacks, and tampering during transport and storage, either by permeable or impermeable wrapping. Shelf-life testing is essential to determine the safety of the packaged food and ensure that food is free of physical, chemical, and biological hazards, thereby protecting the customers from food-borne diseases. For instance, in June 2022, according to the Organization for Economic Co-operation and Development (OECD), a France-based intergovernmental organization, global retail demand for packaged foods had increased by 15-20% higher than the previous year, and sales of packaged foods in Germany increased by 56% from the previous year. Hence, the increasing demand and consumption of packaged food is expected to drive the market.

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The shelf life testing market covered in this report is segmented –
1) By Technology: Equipment And Kit-Based, Manual Tests
2) By Parameter: Microbial Contamination, Rancidity, Nutrient Stability, Organoleptic Properties, Other Parameters
3) By Method: Real-Time Shelf Life Testing, Accelerated Shelf-Life Testing
4) By Food Tested: Packaged Food, Beverages, Bakery And Confectionery Products, Meat And Meat Products, Dairy Products And Desserts, Processed Fruits And Vegetables, Other Food Tests
Noteworthy trends anticipated in the forecast period encompass pioneering strides in analytical technologies, innovations in preservation methodologies, groundbreaking packaging solutions, tailored testing alternatives, and collaborative partnerships.

An overarching theme within this evolving landscape is the pervasive influence of technological advancements. Key market players are strategically harnessing cutting-edge technologies, notably artificial intelligence, to propel the evolution of advanced shelf-life prediction models, thereby securing a distinctive competitive edge. A prime example of this is the Netherlands-based food tech startup, OneThird, which leverages sophisticated spectroscopy and diverse data sources for precise shelf life predictions. Through their cloud platform and AI algorithms, OneThird facilitates seamless information sharing and fosters valuable connections with industry partners, underscoring the pivotal role of technology in shaping the future of shelf life testing.

The shelf life testing market report table of contents includes:
1. Executive Summary
2. Shelf Life Testing Market Characteristics
3. Shelf Life Testing Market Trends And Strategies
4. Shelf Life Testing Market - Macro Economic Scenario
5. Global Shelf Life Testing Market Size and Growth

.....

31. Global Shelf Life Testing Market Competitive Benchmarking
32. Global Shelf Life Testing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Shelf Life Testing Market
34. Shelf Life Testing Market Future Outlook and Potential Analysis
35. Appendix

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