Food Safety Testing Market Recent Development Report 2020

1. Food Safety Testing Market Recent Development Report 2020 Food Safety Testing Market projected to reach around USD 21 billion by 2024 Market Overview: The food safety testing market was estimated at US$ 14.23 billion in 2018 and is predicted to register a growth rate of 7.60 percent to reach US$ 20.52 billion by 2023. Microbial pathogens like bacteria, food allergens, viruses, drug residues and agrochemicals can harm consumers if they are not restricted. The main reasons for food contamination are deficiencies in the treatment and processing of food to eliminate toxins and other contaminants, improper handling of food and contaminated food materials. There is an increasing demand for realistic test products that can ensure food safety. Market Drivers and Restraints: The global food safety testing market is mainly driven by the factors such as the increase of foodborne illnesses, the growing demand for pathogen tests, strict procedures, better consumer knowledge and the globalization of the business of food companies involved in the manufacturing. Distribution of foodstuffs is instructed by the respective regional and international regulatory authorities to carry out analysis and accreditations on food safety. However, the time and cost of the test process are the key factors limiting the growth of this market. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/food-safety-testing-market Report segmented as By Contaminant: Microbial, GMOs, Metal Contaminants, Pesticides And Residues, Toxins, Food Allergen By Food Type: Meat & Poultry, Dairy Product, Processed Food, Beverages, Fruits & Vegetables

2. By Technology: Traditional Rapid Geographical Analysis: The market has also been geographically segmented in North America, Europe, Asia-Pacific and Latin America, and Middle East and Africa. North America was the largest contributor to the global food safety market, accounting for around 37%, followed by Europe. The Asia-Pacific market, driven primarily by China and India, is likely to offer lucrative growth opportunities due to the significant increase in the number of test procedures. Download our free Sample report @ https://www.marketdataforecast.com/market-reports/food- safety-testing-market/request-sample Important Market Players: The chief corporations controlling this market are Bureau Veritas S.A., ALS Limited, Eurofins Scientific, Intertek Group PLC, Silliker Inc., DTS Laboratories. Significant strategies such as investments in R&D are being employed by major corporations to meet the increasing demand for Food Safety Testing. The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/