The “Food safety testing equipment market” is gaining importance and growing as the testing of food products is increasing. Growth in number of tests employed in the food value chain has a direct impact on demand for testing equipment. The innovation in equipment with intent to improve accuracy, reduce time of the test and to provide holistic analysis is drive by advancements in biotechnology and support from the food industry stakeholders. Consumers’ want for knowing accurate levels of nutrients and allergens drives the need for more accurate and appropriate testing equipment.
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Key players in this market are actively investing in the R&D activities develop and launch products unique products to gain competitive advantage over their peers. New entrants need huge capital for investment in manufacturing, marketing along with offering product or pricing benefits to customers. The market is poised to witness increased number of new product launches and strategic acquisitions or partnerships as major companies try to consolidate their market presence. Nearly two third shares in the market developments were contributed by product launches during the last five years (2012-Till April, 2016).
The report has segmented the market on the basis of equipment type, contaminant type, food type and geography. The market sizes for various equipment segments: chromatography, mass spectrometry, hybrid systems, PCR equipment, immunoassay, NMR, and flow cytometry have been covered in the report. The market value and dynamics of each segment is analyzed at regional level.
Competitive landscape for industry and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments.
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Few of the key players in this market include:
- Agilent Technologies Inc. (U.S.),
- Thermo Fisher Scientific Inc. (U.S.),
- Shimadzu Corporation (Japan),
- PerkinElmer Inc. (U.S.)
- Bruker Corporation (U.S.).
All of these companies together held more than half of the market share in 2015. Other key players in the market include Bio-Rad Laboratories, Inc. (U.S.), Neogen Corporation (U.S.) and Waters Corporation (U.S.).
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