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Global Shelf-life Testing Market by Parameter, Method, Technology, Food Tested and Region - Forecast to 2023: Increase in Outbreaks of Foodborne Illnesses - ResearchAndMarkets.com

August 20, 2018

DUBLIN--(BUSINESS WIRE)--Aug 20, 2018--The “Shelf-life Testing Market by Parameter (Microbial Contamination, Rancidity, Nutrient Stability, Organoleptic Properties), Method (Real-time and Accelerated), Technology, Food Tested, and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The shelf-life testing market is estimated to be valued at USD 3.39 billion in 2018 and is projected to reach 4.76 billion by 2023, at a CAGR of 7%.

The microbial contamination segment is projected to grow at the highest CAGR during the forecast period. Unhygienic manufacturing conditions in food & beverage processing plants, low rate of adoption of appropriate sanitary practices in manufacturing units, use of already contaminated equipment & procurement of contaminated raw material, unsanitary storage conditions, cross-contamination, and non-maintenance of the required temperature in cold chain facilities are the major factors driving the growth of microbial contamination in industry supply chains.

The shelf-life testing market, by method, is estimated to be dominated by the real-time segment in 2018. It is also projected to grow at a higher rate through 2023. Widely acceptable results and higher suitability for food & beverage products in comparison to the accelerated shelf-life testing method drive the market growth for the real-time testing method.

Market Dynamics

Drivers

Stringent Safety Regulations for Food Products Result in the Adoption of Shelf-Life Testing Services Increase in Outbreaks of Foodborne Illnesses Growth in Demand for Packaged and Convenience Foods

Restraints

Lack of Market Coordination & Standardization and Improper Enforcement of Regulatory Laws & Supporting Infrastructure in Developing Economies

Opportunities

Adoption of Newer Technologies

Challenges

High Costs Associated With Procurement of Rapid Shelf-Life Testing Equipment Lack of Harmonization of Shelf-Life Regulations

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Shelf-Life Testing Market, By Parameter

7 Shelf-Life Testing Market, By Food Tested

8 Shelf-Life Testing Market, By Method

9 Shelf Life Testing Market, By Technology

10 Shelf-Life Testing Market, By Region

11 Competitive Landscape

12 Company Profiles

AgriFood Technology ALS Limited AsureQuality Bureau Veritas Eurofins Intertek Merieux Microchem Lab Services (PTY) Ltd. Premier Analytical Services RJ Hill Laboratories SCS Global SGS Symbio Laboratories TV Nord Group TV SD

For more information about this report visit https://www.researchandmarkets.com/research/h2mmvc/global_shelflife?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180820005472/en/

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Related Topics:Food Processing,Food Safety

KEYWORD:

INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE RESEARCH SCIENCE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/20/2018 12:21 PM/DISC: 08/20/2018 12:21 PM

http://www.businesswire.com/news/home/20180820005472/en

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