Global Food Safety Testing Market will cross USD 21.31 Billion by 2030

Food Safety Testing Market Highlights

Market research future published a cooked research report on Global Food Safety Testing Market that contains the information from 2021 to 2030. The Food Safety Testing Market is expected to grow with the CAGR of more than 7.10 % from 2021 to 2030, and with this it is predictable to cross USD 21.31 billion by 2030. The various major growth of the market is due to worldwide increase in outbreak of foodborne illness.

Increasing Consumer Awareness for Food Safety – The Major Opportunity in the Market

Consumer awareness about food safety has increased significantly. Increasing consumer demand for healthy and safe food has been creating a huge opportunity for food safety testing market. The food manufacturing companies have to conduct food safety testing on all their food products as described by the regulatory bodies. Consumers have been depending on the reports of food safety tests to decide on consuming the food products. Consumer perception on food safety has significantly increased witnessing higher number of chemical contamination in food products, higher number of product recalls due to contamination by various pathogens, and so on.

Among the Food Safety Testing contaminants market pathogens segment is compositing the growth of the market

The global food safety testing market revenue is projected to increase from $XX million in 2012 to $XX million by 2021, growing at a CAGR of 7.2% during the forecasted period. The market was dominated by pathogens testing, accounting for nearly 65% of the food safety testing market in 2012.

North America is dominating the overall market followed by Europe. Asia-Pacific ie projected to be the fastest growing market

In North America, food borne illness has accounted high expenses through the medication and lost work. North American government has spent many billions to recover the pathogen epidemic. Asia-Pacific is likely to be the fastest growing region, due to rising demand for food safety from consumers, producers, and regulators. The most rapid moving country in Asia-Pacific food safety testing is China, and this gain will be amplified by larger base. Australia has also been affected severely with pathogen induced foodborne diseases, and has prioritized food safety testing.

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This report includes a study of strategies, of major market players. It includes the product portfolios, developments of leading major players such as InvenSense, Inc, NXP Semiconductors, Panasonic Corporation, Robert Bosch GmbH, STMicroelectronics, Texas Instruments Incorporated, KIONIX, INC. (ROHM Co., Ltd.), Measurement Specialties, Inc, Analog Devices, Inc, ZOLL Medical Corporation, Freescale Semiconductor, Inc and Infineon Technologies AG and others.

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenerios & strategies, of the global plate heat exchanger device market, including the high-growth regions, countries and their political, economical and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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