European Food Safety Testing Market: Trends & Forecast to 2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-21 23:28:02
The Europe food safety testing market is forecast to grow to a value of around $4.07 billion by the end of 2018, growing at a CAGR of 6.5% between 2013 and 2018. In 2012, Germany was the largest market for food safety testing and it is projected to be the fastest growing market in Europe. In 2012, U.K. was second largest market followed by the France. In 2012, contaminant testing in fruit and vegetable was the largest segment in European market.Increasing outbreak of foodborne illnesses and poisoning risks in Europe has resulted European Food Safety Authority (EFSA) to impose strict food safety regulations. The food safety regulations specify maximum permitted level of any contaminant in food. EFSA has also specified that all the food manufacturers are responsible for safety of food. So, food safety testing has to be implemented during all the stage of food production to ensure absence of contaminations and prevent any potential health risks upon consumption of contaminated food. The regulatory bodies in Europe have been implementing Hazard Analysis Critical Control Point (HACCP) systems to ensure food safety. Implementation of these food safety regulations has been driving the food safety testing market. Globalization of food supply and demand of the consumer for food safety and information has further helped the market to grow.In 2011, foodborne outbreak of STEC E. coli in Germany was responsible for hemolytic-uremic syndrome (HUS) in more than three thousand consumers and resulted in rigorous implementation of food safety regulations. In 2012, Germany dominated the food safety testing market and is projected to be the fastest growing food safety testing market in Europe. The EFSA have been strictly supervising the implementation of HACCP systems by food manufacturers. The food safety concern among consumers has also been increasing due to the media influence and contamination of genetically modified food that may pose as an unknown risk upon consumption. The market has been driven by the testing of food material during every stage of food production and processing.Pathogens have been the leading cause of foodborne poisoning or illness. In 2012, pathogen testing dominated the food safety testing market in which salmonella testing accounted for the major share. Increasing food contamination and outbreak of Shiga toxin-producing E. coli (STEC) poisoning in Germany is expected to increase E. coli testing in the market. Germany dominated the market and is projected to be the fastest growing European food safety testing market. In Europe, rapid technology market for contaminant testing has been increasing as they are less time consuming.The leading players in the food safety testing market include SGS SA (Switzerland), Intertek (U.K.), Bureau Veritas (France), and Silliker (U.S.). These market players have been focusing on application of rapid testing methods that provide quick & accurate qualitative & quantitative results on contaminants. Introduction of new products & services, and mergers & acquisitions in new markets have been the most preferred strategies adopted by the leading market players to sustain in the market.
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