Noth America Food Safety Testing Market was worth $5.25 billion in 2018and estimated to be growing at a CAGR of 7.20%, to reach $7.43 billion by 2023. The exercise of food safety testing has gained significant meaning over the past few years in view of rising cases of food-borne diseases and poisoning caused by impure food products.
Microbial pathogens such as bacteria, food allergens, viruses, and agricultural chemicals can harm consumers, if unchecked. Shortcoming in treating and processing the food to put an end to toxins and other impurities, incorrect handling of food and polluted input food materials are the key factors that cause food contamination.
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 North America Food Safety Testing Market is segmented based on contaminants tested, food type, and technology. On the basis of contaminants tested, the North America Food Safety Testing market is segmented into Microbial, GMOs, Metal Contaminants, Pesticides and Residues, Toxins, Food Allergen, and Others. Microbiological testing holds the largest part of the market due to its safety testing in almost all food products. On the basis of Food Type, the market is segmented into Meat & Poultry, Dairy Product, Processed Food, Beverages, Fruits & Vegetables, and Others. On the basis of Technology, the market is segmented into Traditional and Rapid. Meat and poultry are the important segments in this market, whereas processed foods are the fastest growing segment. The rapid technology segment is anticipated to grow at the highest CAGR and it is due to the development of testing methods. The standing of this segment is rising due to its quick, accurate, efficient, and easy-to-use features.
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.
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.
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
6.1 Introduction
6.2 United States
6.3 Canada
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
