Study: Recalls driving growth in worldwide food safety market
This demand will drive the food safety market to exceed 1.3 billion tests in 2019, with more than 300 million of these tests being for higher value pathogen detection and identification tests.
Recent food recalls in the United States and Europe is putting more pressure on processors to test more frequently, thus driving demand for food safety diagnostic products and commercial laboratory services over the next five years, according to a study produced by Strategic Consulting, Inc., Baltimore, Md.
This demand will drive the food safety market to exceed 1.3 billion tests in 2019, with more than 300 million of these tests being for higher value pathogen detection and identification tests. Demand for food safety laboratory services is growing even faster -- at double digits – and leads the food safety sector, as food processers increasingly outsource food pathogen analysis to commercial laboratories.
The “Industrial Microbiology Market Report, 5th Edition” (IMMR-5) provides an in-depth analysis of the food safety microbiology testing marketplace, including market size, growth rates, competition, market drivers and detailed market estimates for 2018 and projections through 2023.
IMMR-5 also profiles market data for microbiological testing done globally to ensure product and process safety in other industrial markets, including beverages, environmental, industrial processing sectors and more. IMMR-5 provides details on test practices and technologies used in North America, Europe, Asia-Pacific, Latin America and Rest of the World.
Industrial microbiology market growth, which had been dominated by markets in North America and Europe, will shift to higher growth markets in Asia, Latin America and other world regions, where greater than 90% of world population growth will occur through 2050, creating greater growth opportunities in these developing markets.