Hanwha Signals Readiness to Build Nuclear-Powered Submarines at Philly Shipyard for U.S. Navy 
Warner Bros. Discovery Shares Slide Amid Report of Potential Paramount Skydance Lawsuit 
Waymo Plans Safety and Emergency Response Upgrades After San Francisco Robotaxi Disruptions 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccine Portfolio 
ByteDance Plans Massive AI Investment in 2026 to Close Gap With U.S. Tech Giants 
JPMorgan’s Top Large-Cap Pharma Stocks to Watch in 2026 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training 
AstraZeneca’s LATIFY Phase III Trial of Ceralasertib Misses Primary Endpoint in Lung Cancer Study 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccines Portfolio 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge 
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector 
Warner Bros Discovery Weighs Amended Paramount Skydance Bid as Netflix Takeover Battle Intensifies 
Hyundai Recalls Over 51,000 Vehicles in the U.S. Due to Fire Risk From Trailer Wiring Issue 
FDA Approves Mitapivat for Anemia in Thalassemia Patients 
SEATTLE, Sept. 21, 2017 -- According to the latest report published by Coherent Market Insights, the global food safety testing market was valued at US$ 10.66 billion in 2016 and is projected to witness a significant CAGR of 7.40% over the forecast period (2017–2025). Global food safety testing market is expected to reach US$ 19.92 billion by 2025, owing to increasing consumer awareness about processed food products coupled with strict government regulations imposed on food products worldwide. Government awareness campaigns regarding food safety and foodborne diseases in association with private companies worldwide are expected to drive the growth of the food safety testing market in the near future. However, the market is expected to show slow growth, in emerging regions with weak food regulatory infrastructure.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/food-safety-testing-market-753
Key Trends and Analysis of the Food Safety Testing Market:
- According to Coherent Market Insights study, Pathogen segment held highest market share among contaminants in 2016. According to World Health Organization (WHO) over 125,000 children under 5 years of age die due to food borne diseases each year. Therefore, rising consumer awareness about pathogenic diseases is expected to have positive impact on growth of pathogenic testing segment during the forecast period.
- Increasing adoption of rapid food testing technology (polymerase chain reaction, immunoassay, etc.), due to its high efficacy and short turnaround time, is bolstering growth of rapid food safety testing technology market.
Request Sample Copy of the Business Report
Key Takeaways of the Market:
- North America was the largest revenue generator in global food safety testing market in 2016. The region is expected to maintain its dominance by witnessing a CAGR of 7.28% over the forecast period. The U.S. is highest regional revenue shareholder and a well-established market for food safety testing, due to presence of large number of food and beverage manufacturers. Implementation of FDA Food Safety Modernization Act (21 CFR Part 112) targeted at prevention of food contamination and growing incidence of foodborne diseases is expected to drive market growth in North America.
- Asia Pacific is the fastest growing market for food safety testing, as leading players are investing in the region to meet growing demand for safe food. In 2017, Nestlé announced plans to invest US$ 2.5 billion to establish Nestlé Food Safety Institute (NFSI) in India.
Contact:
Coherent Market Insights
1001 4th Ave. #3200
Seattle, Washington 98154
1-206-701-6702
[email protected]
