A new report from Allied Market Research ("Food Safety Testing Market by Contaminant (Pathogen, Genetically Modified Organism (GMO), Chemical & Toxin, and Others), Food Tested (Meat & Meat Product, Dairy & Dairy Product, Cereal, Grain, & Pulse, Processed Food, and Others), and Technology (Agar Culturing, PCR-based Assay, Immunoassay-based, and Others) - Global Opportunity Analysis and Industry Forecast, 2018–2025.") shows that the global food safety testing industry generated $13.14 billion in 2017 and is projected to reach $23.20 billion by 2025. The pathogens segment accounted for the highest market share in 2018, with more than 40% of the global food safety testing market and maintaining its dominant share during the forecast period. The chemicals & toxins segment is projected to have the largest increase (CAGR of 8.1% from 2018 to 2025) due to an increase in monitoring of contamination levels, enactment of control measures including remediation, and consideration of sociopolitical implications to provide safe food. The capability to offer faster and more accurate results than traditional microbiological culture methods is why PCR-based assay has the largest market share, contributing to nearly half of the global food safety testing market in 2018. It is expected to continue its lead position by 2025, with the highest CAGR of 7.7% from 2018 to 2025. North America accounted for 40% of the global food safety testing market's revenue in 2018 and is projected to maintain its leadership status by 2025. Asia-Pacific is projected to have the highest CAGR of 9.1% during the period. @ https://www.qualityassurancemag.com/article/food-safety-testing-market-market-report/
A new report shows that the food safety testing market will Surpass $23 Billion Globally by 2025
Food Safety Testing Market to Surpass $23 Billion Globally by 2025, Research Report Shows
A new report from Allied Market Research notes that the global food safety testing industry generated $13.14 billion in 2017, and is projected to reach $23.20 billion by 2025.