Food Safety Testing: Technologies and Markets
An in-depth analysis of both the large U.S. market for food contaminant testing and significant new global technology developments. Includes summary, overview, technologies, contaminants tested, foods tested, industry structure, international aspects, patent activity, and company market shares and profiles. ( http://www.bharatbook.com/detail.asp?id=152260&rt=Food-Safety-Testing-Technologies-and-Markets.html )
The report provide an in-depth analysis of both the large domestic market for food contaminant testing and significant new global technology developments. There have been dramatic changes in the volume, variety, and complexity of FDA-regulated food products arriving at U.S. ports. This growing international trade in food has stimulated the demand for more food safety testing in the U.S. and has led to technological innovation in areas such as rapid testing and complex sensors.
Various forces promote or hamper the growth of the domestic food-safety testing market. Of particular note is the steady flow of media reports documenting contaminated foods, which underscores the vulnerability of the U.S. food supply. That vulnerability creates a continuing need for food processors to deliver safe products, which creates a corresponding need for more advanced and more extensive testing procedures. The advent of tainted imports, the threat of bioterrorism, and the emergence of new contaminant strains also necessitate an evaluation of the market. Finally, regulatory intervention, and mandates, in this sector is substantial and growing. Based on these dynamics, Food Safety Testing: Technologies and Global Markets evaluates market conditions and explores technological advancements.
* The total U.S. food safety testing market is valued at $3.4 billion in 2010 and is projected to increase at a 6.6% compound annual growth rate (CAGR) over the next 5 years. The total sector market value should climb to $4.7 billion in 2015.
* The need to preserve foreign markets has testing for genetically modified organisms (GMOs) on the upswing and should propel a compound annual growth rate (CAGR) in that market at a projected 4.7% through 2015 when the market value should be $126 million, up from $100 million for 2010.
* At present, the sheer number of bacteria, and the amount of routine testing conducted, give pathogens the lion’s share ($3 billion) of the $3.4 billion U.S. food-safety testing market value for 2010. This sector will increase at a 6.7% compound annual growth rate (CAGR) to reach $4.2 billion in 2015.
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