The study covers a detailed analysis segmented by key business segments i.e. by type (Pesticides, Pathogens, Allergens, GMOs, Mycotoxin and Others) , by application (Poultry, Meat, Seafood, Dairy, Processed Food and Fruits & Vegetables) and major geographies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Food Contaminant Testing market throughout the predicted period.
What is Food Contaminant Testing?
Food contaminant testing assures consumers safety and quality of purchased food products and can prevent foodborne diseases, and chemical, microbiological, or physical food hazards. The establishment of ADIs for certain emerging food contaminants is currently an active area of research and regulatory debate. The United States food contaminant testing market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The growing demand for convenience & packaged food products and the rising number of foodborne diseases are expected to be some of the major factors generating the demand for food contaminant testing across the United States region.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Food Contaminant Testing market analysis report suggests strategies Manufacturers can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, including:
- ALS Limited (Australia)
- AsureQuality (Switzerland)
- Bureau Veritas (France)
- Eurofins (Luxembourg)
- ERBER Group (Germany)
- FoodChain ID, Inc. (Untied States)
- Intertek Group plc (United Kingdom)
- Mérieux NutriSciences (United States)
- Microbac Laboratories, Inc. (United States)
- Neogen Corporation (United States)
- R J Hill Laboratories Limited (New Zealand)
- SGS S.A. (Switzerland)
- Symbio Laboratories (Australia)
- TÜV Nord Group (Germany)
- TÜV SÜD (Germany)
Stringent Food Safety Regulations Formed by Food Administrations Across the United States Impacting the Food Contaminant Testing
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the market. The recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries had been shut down during 2020 which has now resumed again in order to regain the market growth.
Market Trend
Rising Health Consciousness Among Consumers
Restraints
- Lack of Awareness Among Rural Areas
Opportunities
Technological Advancements in Food Testing Industry is Expected to Generate Huge Opportunities for Market Vendors During the Forecast Period
Key highlights of the Global Food Contaminant Testing market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the Food Contaminant Testing market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Food Contaminant Testing market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Food Contaminant Testing Manufacturers
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Food Contaminant Testing market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Food Contaminant Testing market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment>.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.