New Report Issued on the Global Food Safety Testing Market

New Report Issued on the Global Food Safety Testing Market

Market valued at $11,122.53 million in 2016 is expected to see 7.2% growth between 2018 and 2023.

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August 16, 2018
Research & Trends

The "Global Food Safety Testing Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offerings.

According to the report, the global food safety testing market was valued at $11,122.53 million in 2016 and is further expected to witness a CAGR of 7.2% during the forecast period of 2018-2023. Food supply and quality of food are under constant threat globally, and there is a growing demand for effective test products that can ensure food safety.

The practice of food safety testing has gained considerable significance over the past years, owing to growing incidences of foodborne illnesses and poisoning by contaminated food products. This necessitates the robust and effective system in place to ensure food security as well as food safety.

Key Highlights

  • Rising healthcare cost due to gaps in food safety testing
  • Rising consumer awareness amidst foodborne illness incidences
  • Pathogen-testing type leads the overall market
  • Asia-Pacific poised at highest growth rate

For more information, visit https://www.researchandmarkets.com/research/7f84pz/the_global_food?w=4