New report by Global Industry Analysts shows global market to reach $19.7 billion by 2018.
SAN JOSE, Calif. - Global Industry Analysts (GIA) report that the global market for food safety testing is projected to reach $19.7 billion by 2018, driven by the continuous rise in product recalls due to contamination by bacteria and other microorganisms, increased awareness and the implementation of new regulatory specifications.
The United States represents the largest regional market worldwide, as expansion and diversification of the U.S. food testing market can be attributed to media reports covering product recalls, GIA says. In order to address risks posed by the global food supply, food processors look for comprehensive testing procedures to improve and develop newer and sophisticated processing, preservation and packaging techniques.
According to the report, pathogen testing garners a lion's share of the food safety testing market, with GMO testing representing the fastest growing segment in the global food safety testing market.
Major players profiled in the report include 3M Company, BioControl Systems Inc., bioMérieux SA, Biolog Inc., Celsis International Ltd., Charm Sciences Inc., DuPont Qualicon Inc., FOSS A/S, Eurofins GeneScan Europe AG, Genetic ID NA Inc., Neogen Corp., R-Biopharm AG, SDIX, and Thermo Fisher Scientific, Inc.
More details about the report, "Food Safety Testing - A Global Strategic Business Report," can be found here.