Food Pathogen Testing Market is estimated to exceed USD 5.5 Billion by 2024. Necessity to ensure health & safety along with increasing consumer awareness has enhanced the food pathogen testing market growth. Growth in global processed meat & dairy industry along with increasing vegetables consumption will drive the industry demand.
Companies Profiled based on Business Overview, Financial Data, Product Landscape, Strategic Outlook & SWOT Analysis:
· Bureau Veritas
· Microbac Laboratories, Inc.
· INTERTEK GROUP PLC
· Ifp Institut Für Produktqualität GmbH
· Eurofins Scientific Finland Oy
· Silliker INC
· GENON LABORATORIES LTD
· GENEVAC LIMITED
· Lloyd’s Register Quality Assurance
· Campden BRI
· ILS LIMITED
· Agilent Technologies
· Thermo Fisher Scientific (Compendia Bioscience)
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2016 Market Size –USD 3 billion
2024 Forecast Value – USD 5.5 Billion +
Rising health concerns including illnesses, toxicity, and poisoning due to presence of contaminants in edible products has enhanced the product scope. Inclination towards better quality, hygienic and organic products particularly in developed nations will drive the industry demand.
Key Highlights of this report:
Base Year: 2016
Growth Projections – 2017-2024
Historical data coverage: 2013 to 2016
Number of Pages – 350
Data Tables – 207
Technological advancement in tests performed on microorganisms including, polymerase chain reaction and immunomagnetic separation will provide positive outlook for product demand. Lack of awareness about safety regulations among manufacturers is a key challenge for industry demand. Furthermore, high price associated with the tests may hamper the market growth.
Growth Drivers of Food Pathogen Testing Market:
Stringent safety norms by FDA, FAO and EU have enhanced the product demand. Government support along with rising influence of media reports on diseases caused due to contaminants are the key factors supporting food pathogen testing market.
Food Pathogen Testing Market Segmentation:
· E. Coli
· Meat & poultry
· Fruits & vegetables
· Others (Cereals, raw food materials)
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At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
- Definition and scope of research
- Market dynamics, growth drivers and industry pitfalls
- Regulatory and political guidelines for the industry
- Demographics and statistical data
All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.
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