Industry Background:
The increasing food safety concerns owing to increasing outbreaks of foodborne disease is driving the Meat and Poultry Safety Testing market growth in the forecasted period. Factor such as urbanization, increasing disposable income, and economic development have further resulted in the strong growth of the food & beverage industry. Growing import & exports are resulting in increased contaminant levels due to inadequate control & monitoring is supporting industry share.This growth is primarily driven by The rise in the outbreak of foodborne illness
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Meat, Poultry & Fish sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as SGS (Switzerland), Eurofins (Luxemburg), Intertek (United Kingdom), Bureau Veritas (France), ALS Limited (Australia), AsureQuality (Australia), FoodChain ID (United States), Romer Labs (Australia), Symbio Laboratories (Australia) and R J Hill Laboratories (New Zealand), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Implementation of stringent food safety regulations and Influence of media channels on consumer awareness for food safety
Market Growth Drivers:
The rise in the outbreak of foodborne illness and Growth of the global processed food market
Challenges:
Lack of awareness of food safety regulations among food manufacturers
Restraints:
Lack of basic supporting infrastructure in developing countries
Opportunities:
The increase in chemical contamination circumstances and The advancement in the rapid inspection
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Meat and Poultry Safety Testing Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Meat and Poultry Safety Testing Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Meat and Poultry Safety Testing players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Meat and Poultry Safety Testing Study Sheds Light on
The Meat and Poultry Safety Testing Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Meat and Poultry Safety Testing industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Meat and Poultry Safety Testing industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.