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(MoneyNewsWire.Net, July 20, 2017 ) Market Data Forecast recently published a report on the North America Food Safety Testing Market which estimates the market is expected to be growing at a CAGR of 7.2% to reach $6.41 billion by 2021 from $4.53 billion in 2016 during the forecast period from 2016 to 2021.
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It's time to talk about food safety and the ways in which it relates to the preparation of meat products. Warmer temperatures go hand in hand with vacations, barbecues, and countless events where food is cooked on the grill. Even when stringent precautions are taken in the handling and preparation of meat, the threat of bacterial pathogens such as Salmonella and E. coli in our foods is both very real and very dangerous. In order to minimize further public health outbreaks, it's crucial for food suppliers and manufacturers to stay on top of product safety by testing food for bacterial pathogens.
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The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. The growth of the North America Food Safety Testing market is largely due to the increase in the number of foodborne illnesses, growing demand for pathogen testing, strict procedures, better consumer cognizance and globalization of the food business. Rising public concerns over the safety of GM products is another major factor advancing the growth of the market. However, time consumed and excessive cost of the testing procedure are the significant factors restricting the growth of this market.
The market is segmented based on food, technology and contaminant on and is studied for a deep-level understanding of the Food Safety Testing market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
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By Contaminant
Microbial
GMOs
Metal Contaminants
Pesticides and Residues
Toxins
Food Allergen
Others
By Food Type
Meat & Poultry
Dairy Product
Processed Food
Beverages
Fruits & Vegetables
Others
By Technology
Traditional
Rapid
The North America market has been geographically segmented into US and Canada. The USA leads the market in this region with a share of almost 68%. Pathogen testing is the biggest food testing method implemented in this region, with processed food being the largest category of food tested for contaminants. However, the market for GMO testing is expected to post the fastest growth during the forecast period. The North America market is very modern and is focused on innovating cost-effective techniques. Companies are committed to research, sourcing, and quality, factors that are central to the success of the industry.
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The major companies dominating the market in this region are Bureau Veritas S.A., ALS Limited, Eurofins Scientific, Intertek Group PLC, Silliker Inc., and DTS Laboratories. Significant strategies such as investments in R&D are being employed by major companies to meet the rising demand for Food Safety Testing.
Scope of the North America Food Safety Testing Market:
Regional and country-level analysis that provides an innate perspective of USA and Canada Market to that of the North American region
To detect major focus areas of industrial growth Segment-level analysis on basis of type, therapeutics, end-user along with market size forecasts and y-o-y estimations are provided
Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
PESTLE and Porters Five Forces Analyses that examine the macro& micro environmental factors such as political influence, technological prowess, industry rivalry to name a few.
An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Processed Segment:
North America Flavored Syrups Market: http://www.marketdataforecast.com/market-reports/north-america-flavoured-syrups-market-887/
North America Dairy Processing Equipment Market: http://www.marketdataforecast.com/market-reports/north-america-dairy-processing-equipment-market-1051/
About Market Data Forecast:
The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the clients research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well.
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