New Report Published on China's Food Testing Market

With forecasts that the China food safety testing market will reach $791.5 million in 2020 with a CAGR of 9.9% from 2016 to 2020, Research and Markets has published a new report, China Third-party Food Safety Testing Industry Research Report, 2016-2020.

Stating that there are 1293.3 thousand batches in the 2016 food safety spot test plan launched by China Food and Drug Administration (CFDA), as calculated on a basis population of 1368 million in China, this means that the coverage of the 2016 spot test plan is only 0.95 batch per thousand people, but the coverage of spot test in Hong Kong is nine batches per thousand people. There are, however, several regions in China that have drawn up plans to catch up with the international spot test standard.

In 2013, the Chinese government integrated four departments' functions and built up CFDA, but it lacks relative testing ability and usually organizes public bidding for testing services. Labs primarily belong to State Administration for Industry & Commerce, but with it and CFDA being different administrative departments, there are weak internal benefit links between them, the report notes. So third-party private testing companies have fair competition rights during the procedure of public bidding.

Currently state-owned testing organizations account for over 55% of the market share in China food safety testing markets, which relies on their monopolistic advantages. Depending on strong technology and brand knowledge, foreign testing companies account for about 35% of China food safety testing market, and well-known foreign testing companies occupies over 80% of China third-party food safety testing market.

The full report is available at Research and Markets.