Pulished Date August, 2019
ID: 702
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Asia Pacific Food Safety Testing Market By Contaminant (Microbial, GMOs, Metal Contaminants, Pesticides And Residues, Toxins, Food Allergen, And Others), By Food Type (Meat & Poultry, Dairy Product, Processed Food, Beverages, Fruits & Vegetables, And Others), By Technology (Traditional And Rapid) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2019-2025

Pulished: August, 2019
ID: 702
Pages: 145

Asia Pacific Food Safety Testing Market Value and Expected Growth:

Asia Pacific Food Safety Testing Market was worth USD 3.32 billion in 2019 and estimated to be growing at a CAGR of 9.3% to reach USD 5.18 billion by 2024. Food supply across the world is at the highest threshold, which is increasing the need for test procedures to safeguard food products.

Food safety testing refers to inspecting food products for bacteria, chemicals, and other hazardous materials that cause disease. Microbial pathogens like virus, bacteria, toxins, allergens, residues of drugs, and agricultural chemicals, if not tested, can be hazardous to consumers. Food fraud occurs when food is intentionally altered to deceive consumers for financial gains. The Agency for Food Standards (FSA) defines two main types of food fraud, namely the selling of unfit and potentially harmful and intentional food misdescription.

Asia Pacific Food Safety Testing Market Drivers and Restraints:

Significant factors which have helped drive the Asia Pacific Food Safety Testing Market forward are-

  • The growth of the Asia Pacific Market is mainly driven by factors like the rise in foodborne illnesses, increasing need for testing pathogens, consumer awareness, stringent regulations and food business globalization.
  • The food product manufactures are controlled by the respective regional and international regulatory bodies, to implement food safety testing and accreditation.
  • Furthermore, the increase in economically motivated adulterations (EMAs) due to high competition between food producers and the increase in cases of food degradation, such as contamination, pesticides, artificial taste enhancers, and certifications, boost the growth of the demand for food safety tests

The factors holding the Asia Pacific Food Safety Testing Market back include-

  • The time taken, and the high cost of the testing procedure are the key factors restricting the growth of this market
  • The high incidence of foodborne disease outbreaks in several nations, including developed countries such as the United States, has led to growing concern and intense investigation of foodborne pathogens
  • Volatile currencies, high costs, and lack of awareness were significant limiting factors for the Asia-Pacific industry.

Asia Pacific Food Safety Testing Market Segmentation

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

The fastest-growing GMO market is due to increased consumer understanding of GMOs in food, and efficient technological developments. Lack of information on the nutritional and health properties of GM foods leads consumers to assume that they are not safe for consumption, thereby driving the GMO testing and labeling market.

Microbiological testing is the largest part of the market due to its safety testing in almost all food products. Meat and poultry are the leading segments of the market, while processed food is the fastest-growing segment. The fast technology segment is expected to grow at the highest CAGR level due to the development of testing methods, and rapid, accurate, efficient and easy-to-use features.

By Region:

  • China
  • India
  • Japan
  • South Korea
  • Australia

Geographical Analysis:

Asia Pacific region is divided geographically into China, India, Japan, South Korea, and Australia. This region offers significant opportunities for the Food Safety Testing Market, with China and India being the most populous countries in the area, contributing to increasing demand. China is the market leader in this region and is expected to be one of the fastest-growing markets in the forecast period with a CAGR of 10.4%

Leading Major Key Players Involved in Market report are:

The major key players in the Asia Pacific Food Safety Testing market are SGS (Switzerland), Eurofins (Luxemburg), Intertek (UK), Bureau Veritas (France), Mérieux (US), ALS Limited (Australia), TUV SÜD (Germany), and TÜV Nord Group (Germany), Microbac Laboratories (US), AsureQuality (Australia), FoodChain ID (US), Romer Labs (Australia), Symbio Laboratories (Australia), and RJ Hill Laboratories (New Zealand).

Research Methodology:

The research done takes place in two phases namely-

Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.

Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.

Research Report Key Highlights:

  • Current and future market perspectives for Asia Pacific Food Safety Testing Market in developed and emerging markets.
  • Analyse different market perspectives using the analysis of five Porter forces
  • The segment that is expected to dominate the market.
  • Regions that are expected to grow faster during the forecast period.
  • Identify the latest developments, market shares, and strategies of key market participants.

 

1.Introduction                              

              1.1 Market Definition                  

              1.2 Study Deliverables                

              1.3 Base Currency, Base Year and Forecast Periods                       

              1.4 General Study Assumptions              

2. Research Methodology                                       

              2.1 Introduction                           

              2.2 Research Phases                    

                             2.2.1 Secondary Research          

                             2.2.2 Primary Research

                             2.2.3 Econometric Modelling     

                             2.2.4 Expert Validation 

              2.3 Analysis Design                      

              2.4 Study Timeline                       

3. Overview                                   

              3.1 Executive Summary              

              3.2 Key Inferences                       

              3.3 New Developments              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                

              4.1 Market Drivers                       

              4.2 Market Restraints                  

              4.3 Key Challenges                       

              4.4 Current Opportunities in the Market                           

5. Market Segmentation                                          

              5.1 By Contaminant                     

                             5.1.1 Microbial 

                             5.1.2 GMOs      

                             5.1.3 Metal Contaminants         

                             5.1.4 Pesticides and Residues    

                             5.1.5 Toxins      

                             5.1.6 Food Allergen       

                             5.1.7 Others     

              5.2 By Food Type                          

                             5.2.1 Meat & Poultry     

                             5.2.2 Dairy Product       

                             5.2.3 Processed Food    

                             5.2.4 Beverages

                             5.2.5 Fruits & Vegetables           

                             5.2.6 Others     

              5.3 By Technology                        

                             5.3.1 Traditional            

                             5.3.2 Rapid       

6. Geographical Analysis                                         

              6.3 Asia-Pacific               

                             6.1 Introduction             

                             6.2 China           

                             6.3 India            

                             6.4 Japan           

                             6.5 South Korea             

                             6.6 Australia     

7.Strategic Analysis                                    

              7.1 PESTLE analysis                      

                             7.1.1 Political    

                             7.1.2 Economic

                             7.1.3 Social       

                             7.1.4 Technological       

                             7.1.5 Legal         

                             7.1.6 Environmental     

              7.2 Porter’s Five analysis                          

                             7.2.1 Bargaining Power of Suppliers       

                             7.2.2 Bargaining Power of Consumers   

                             7.2.3 Threat of New Entrants    

                             7.2.4 Threat of Substitute Products and Services             

                             7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis                                     

              8.1 Bureau Veritas S.A.               

                             8.1.1 Overview 

                             8.1.2 Product Analysis  

                             8.1.3 Strategic Evaluation and Operations          

                             8.1.4 Financial analysis 

                             8.1.5 Legal issues           

                             8.1.6 Recent Developments       

                             8.1.7 SWOT analysis      

                             8.1.8 Analyst View         

              8.2 ALS Limited               

              8.3 Eurofins Scientific                  

              8.4 Intertek Group PLC                

              8.5 Silliker Inc.                

              8.6 DTS Laboratories                   

9.Competitive Landscape                                        

              9.1 Market share analysis                         

              9.2 Merger and Acquisition Analysis                    

              9.3 Agreements, collaborations and Joint Ventures                      

              9.4 New Product Launches                       

10.Expert Opinions                                    

              10.1 Market Outlook                   

              10.2 Investment Opportunities               

Appendix                                       

              a) List of Tables              

              b) List of Figures                           

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia-Pacific Food Safety Testing Market By Region, From 2019-2024(USD Billion)
  2. Asia-Pacific Food Safety Testing Market By Contaminant, From 2019-2024(USD Billion)
  3. Asia-Pacific Microbial Market By Region, From 2019-2024(USD Billion)
  4. Asia-Pacific GMOs Market By Region, From 2019-2024(USD Billion)
  5. Asia-Pacific Metal Contaminants Market By Region, From 2019-2024(USD Billion)
  6. Asia-Pacific Pesticides and Residues Market By Region, From 2019-2024(USD Billion)
  7. Asia-Pacific Toxins Market By Region, From 2019-2024(USD Billion)
  8. Asia-Pacific Food Allergen Market By Region, From 2019-2024(USD Billion)
  9. Asia-Pacific Other Contaminants Market By Region, From 2019-2024(USD Billion)
  10. Asia-Pacific Food Safety Testing Market By Food Type , From 2019-2024(USD Billion)
  11. Asia-Pacific Meat & Poultry Market By Region, From 2019-2024(USD Billion)
  12. Asia-Pacific Dairy Product Market By Region, From 2019-2024(USD Billion)
  13. Asia-Pacific Processed Food Market By Region, From 2019-2024(USD Billion)
  14. Asia-Pacific Beverages Market By Region, From 2019-2024(USD Billion)
  15. Asia-Pacific Fruits & Vegetables Market By Region, From 2019-2024(USD Billion)
  16. Asia-Pacific Other Food Type Market By Region, From 2019-2024(USD Billion)
  17. Asia-Pacific Food Safety Testing Market By Technology, From 2019-2024(USD Billion)
  18. Asia-Pacific Traditional Technology Market By Region, From 2019-2024(USD Billion)
  19. Asia-Pacific Rapid Technology Market By Region, From 2019-2024(USD Billion)
  20. China Food Safety Testing Market By Contaminant, From 2019-2024(USD Billion)
  21. China Food Safety Testing Market By Food Type , From 2019-2024(USD Billion)
  22. China Food Safety Testing Market By Technology, From 2019-2024(USD Billion)
  23. India Food Safety Testing Market By Contaminant, From 2019-2024(USD Billion)
  24. India Food Safety Testing Market By Food Type , From 2019-2024(USD Billion)
  25. India Food Safety Testing Market By Technology, From 2019-2024(USD Billion)
  26. Japan Food Safety Testing Market By Contaminant, From 2019-2024(USD Billion)
  27. Japan Food Safety Testing Market By Food Type , From 2019-2024(USD Billion)
  28. Japan Food Safety Testing Market By Technology, From 2019-2024(USD Billion)
  29. South Korea Food Safety Testing Market By Contaminant, From 2019-2024(USD Billion)
  30. South Korea Food Safety Testing Market By Food Type , From 2019-2024(USD Billion)
  31. South Korea Food Safety Testing Market By Technology, From 2019-2024(USD Billion)
  32. Australia Food Safety Testing Market By Contaminant, From 2019-2024(USD Billion)
  33. Australia Food Safety Testing Market By Food Type , From 2019-2024(USD Billion)
  34. Australia Food Safety Testing Market By Technology, From 2019-2024(USD Billion)

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