(Entertainment-NewsWire.com, February 08, 2018 ) The Asia-Pacific Food Safety Testing Market was worth $2.87 billion in 2016 and estimated to be growing at a CAGR of 9.30%, to reach $4.48 billion by 2021. The exercise of food safety testing has gained significant meaning over the past few years in view of rising cases of food-borne diseases and poisoning caused by impure food products.
Microbial pathogens such as bacteria, food allergens, viruses, and agricultural chemicals can harm consumers, if unchecked. Shortcoming in treating and processing the food to put an end to toxins and other impurities, incorrect handling of food and polluted input food materials are the key factors that cause food contamination.
The growth of the Asia-Pacific Food Safety Testing market is mainly due to the rise in the number of foodborne illnesses, mounting population and an increasing demand for pathogen testing. Volatile economies, excessive cost, and lack of awareness are the major restrictive factors for the Asia-Pacific market.
The Asia-Pacific Food Safety Testing Market is segmented based on contaminants tested, food type, and technology. On the basis of contaminants tested, the Asia-Pacific Food Safety Testing market is segmented into Microbial, GMOs, Metal Contaminants, Pesticides and Residues, Toxins, Food Allergen, and Others. Microbiological testing holds the largest part of the market due to its safety testing in almost all food products. On the basis of Food Type, the market is segmented into Meat & Poultry, Dairy Product, Processed Food, Beverages, Fruits & Vegetables, and Others. On the basis of Technology, the market is segmented into Traditional and Rapid. Meat and poultry are the important segments in this market, whereas processed foods are the fastest growing segment. The rapid technology segment is anticipated to grow at the highest CAGR and it is due to the development of testing methods. The standing of this segment is rising due to its quick, accurate, efficient, and easy-to-use features.
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. This region offers substantial opportunities for the Food Safety Testing market, with China and India being the most populous countries in this region contributing to the increasing demand. China leads the market in this region and is expected to be one of the fastest growing market during the forecast period with a CAGR of 10.4%.
The major companies dominating the market in this region are Bureau Veritas S.A., ALS Limited, Eurofins Scientific, Intertek Group PLC, Silliker Inc., and DTS Laboratories.
Market Segmentation 1) By Contaminant • Microbial • GMOs • Metal Contaminants • Pesticides and Residues • Toxins • Food Allergen • Others
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