Growing number of food borne diseases caused owing to presence of contaminants in the food, coupled with stringent regulatory norms has been acting as the major factors boosting the market for food safety. In addition, growing consumer awareness regarding safety of food has also been driving the market for food safety in the past and this trend is expected to continue over the next five years.
Contaminants and chemicals which may make an entry at any stage of the food and food products value chain from manufacture till it reaches the consumers, are the main cause of food poisoning, owing to which there is an increased necessity to test such contaminants present in the food and food products.
In 2011, a novel strain of Escherichia coli, commonly referred to as E.coli caused a serious outbreak of food borne illness focused mainly in Germany which resulted in close to 48 deaths during that period. In addition, It is estimated that each year in the U.K around a million people suffer food borne illnesses and around 20,000 people receive hospital treatment due to food borne illness causing around 500 deaths per year. So in order to decrease such an outbreak in the future, both governments and consumers are focused on increasing their activities in the field of food safety products and safety.
However, variation in the tests required for different food types coupled with lack of food safety awareness in developing and under-developed countries are expected to hinder the market growth over the forecast period.
Europe is one of the leading markets for both food safety products and testing and accounts for close to one third of the total market. Europe is followed by North America and Asia Pacific. Asia Pacific is one of the most attractive market for food safety testing and hold immense opportunities for major companies to operate in.
Our market research study takes a closer look at the food safety testing industry, providing a holistic perspective on market dynamics, trends, supply and demand. Our report deep-dives into the market and segments it on multiple levels and providing key insights on a macro as well as micro level. The study aims at providing granular information, regarding estimates and forecasts for key contaminants including pathogens, pesticides, genetically modified organisms (GMO), toxins and others. Additionally, the report also provides perspective on the food safety testing demand by food type, along with yearly forecast up to 2018. The report also provides the same level of information for key regional markets.
The research report analyzes various factors which has been driving and inhibiting the global food safety testing market in the past. In addition, the research report analyzes the impact of each driver and restraint on the market growth based on which the market is forecasted. The report also showcases the opportunities available in the market which may act as future drivers for the market.
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