Asia-Pacific Food Safety Testing Market Analysis, Trends & Forecast to 2025, With an Expected CAGR of 8.5% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 4, 2018--The “Asia-Pacific Food Safety Testing Market Analysis, Companies Profiles, Size, Share, Growth, Trends and Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
Asia-Pacific food safety testing market is expected to reach USD 5,109.05 million by 2025, from USD 2,717.88 million in 2017, at the highest CAGR of 8.5% in the forecast period 2018 to 2025.
The major factors contributing to the growth of the market includes factors such as rising outbreak of food borne illness, stringent regulations imposed in food industry, increased globalization of food trade, advancements in technology, rising demand of convenience and packaged food products and augmented incidences of outbreaks of chemical contamination in food processing. On the other hand, lack of infrastructure for food control may hinder the growth of the market.
The Asia-Pacific food safety testing market is segmented based on testing type into five notable segments; pathogens, pesticides, GMO, toxins and others. Pathogens are sub segmented into E.coli, Salmonella, Campylobacter, Listeria and others. In 2018, pathogen segment is estimated to rule with 72.4% shares and will cross USD 3,686.48 million by 2025, rising at the CAGR of 8.4%. However, GMO is expected to grow at the highest CAGR of 9.0% in the forecast period, and is expected to reach USD 705.11 million in 2025.from USD 359.54 million in 2017.
Companies MentionedSGS SA Eurofins Scientific Bureau Veritas Bio-Rad Laboratories, Inc. ALS Limited Accugen Laboratories, Inc. ADPEN Laboratories Inc. AsureQuality Genetic ID NA, Inc. Intertek Group plc LabCorp Mrieux NutriSciences Microbac Laboratories, Inc. TV NORD GROUP TV SD
Key Topics Covered:
2 Market Segmentation
3 Market Overview
4 Executive Summary
5 Premium Insights
6 Asia-Pacific Food Safety Testing Market, By Testing Type
7 Asia-Pacific Food Safety Testing Market, By Technology
8 Asia-Pacific Food Safety Testing Market, By Food Categories
9 Asia-Pacific Food Safety Testing Market, By Contaminants
10 Asia-Pacific Food Safety Testing Market, By Geography
11 Asia-Pacific Food Safety Testing Market, Company Landscape
12 Company Profiles
13 Related Reports
For more information about this report visit https://www.researchandmarkets.com/research/ss2wt7/asiapacific_food?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180704005304/en/
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Related Topics:Food Safety
KEYWORD: ASIA PACIFIC
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 07/04/2018 01:14 PM/DISC: 07/04/2018 01:13 PM