As per current published report by Markntel Advisors the Food Safety Testing Market is estimated to grow at a CAGR of around 7.90% during the forecast period, i.e., 2024-30. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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Global Food Safety Testing Market Driver:
Rapidly Rising Cases of Food-borne Illnesses Worldwide – The world is witnessing a swiftly increasing number of individuals being diagnosed with food-borne illnesses, i.e., the primary aspect projected to drive the Global market during 2024-30. The major reason behind the rising incidence of these illnesses is the consumption of spoiled, contaminated, or expired food items with various microorganisms like fungi, bacteria, viruses, & parasites, among others. Consequently, there’s a burgeoning demand for advanced food testing kits, equipment, and systems, which are accurate & can provide quick results in real-time, i.e., projected to stimulate the growth of the food safety testing industry in the years to come.
The Food Safety Testing Market has segmented the market into the following categories:
By Testing Type
(Allergen Testing, Residues and Contamination Testing, GMO Testing, Mycotoxin (Fungi) and Microbiological Testing, Pathogen Testing, Toxic Heavy Metals Testing, andOthers (Chemical or Nutritional Testing)),
By Technology
(Traditional Technology, Rapid Technology [Molecular Detection System (MDS), Rapid pathogen testing technology, Rapid Antibody-based Technology]),
By Application
(Food [Dairy Products, Fruits & Vegetables, Seafood, Meat, and Poultry, Processed Food, Cereals & Grains, Others (Nuts and seeds)], Beverages [Water, Alcoholic Drinks, Milk Adulteration])
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By Region
– North America
– South America
– Europe
– Asia Pacific
– Middle East and Africa
Competitive Environment Featuring Key Players:
The 3M Company, Agilent Technologies, ALS, Bio-merieux SA, Bio-Rad Laboratories, Bureau Veritas, Eurofins Scientific, Genetic ID NA Inc, Intertek Group, Merck Group, Merieux NutriSciences, Neogen Corporation, Qiagen Corporation, SGS S.A., Others
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-Market segmentation based on both economic and non-economic characteristics, analyzed both qualitatively and quantitatively
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-Providing market value estimates (in USD Million/Billion) for every section and subsegment
-Identifies the area and market segment that are anticipated to expand at the quickest rate and to hold the majority of shares.
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-A geographical analysis that shows how the product or service is used in each area and what factors are influencing the market in that particular area
-Comprehensive company profiles for the main market players that include a company overview, company insights, product benchmarking, and SWOT analysis
-The present and projected market outlook in light of recent changes, which include growth prospects and drivers as well as obstacles and constraints in both developed and emerging regions
-Using Porter’s Five Forces approach, provides a thorough examination of the market from a variety of angles.
-Uses the value chain to offer market intelligence.
-The state of the market dynamics and potential for future market expansion
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