The food safety testing market in Asia-Pacific is expected to witness a CAGR of 11% during the forecast period, owing to the robust demand for pathogen testing, particularly from the meat and poultry sectors. Moreover, the recent technological advancements in information and communication technology have contributed to strengthening the food safety regulatory landscape, giving a further push to the food safety testing industry.
The growing concerns for food safety in the backdrop of frequent mishaps that occur across the supply chain have made consumers and the food safety regulatory agencies put in place a robust, cost-effective, and highly reliable food safety testing framework that helps in preventing major food scars. The governments have also pushed for self-regulation as a primary measure in ensuring food safety, enabling manufacturers to conduct food safety assurance checks at a regular interval of time as mandated by law and as well as a part of self-regulation.
The recent health concerns, such as antibiotic resistance, have made consumers more aware of the safety profiles of foods. The issue of pesticide and antibiotic residues is expected to drastically affect the food safety testing landscape, given the lack of proper resource and testing infrastructure in some countries in the Asia-Pacific region.
The Asia-Pacific food safety testing market is segmented based on contaminant type, food type, and country. The highly perishable food items such as fruit & vegetables and meat & poultry are increasingly analyzed for pathogens as well as residue. The processed food products segment has also come under stringent regulatory scanning following the recent food safety scares.
The new entrants in the Asia-Pacific food safety testing market are facing intense competition from the established players who enjoy greater client confidence and greater recognition among consumers.
The major players include- ALS, Asia Food Inspection, Asurequality Limited, Bio-Rad Laboratories, Inc., Bureau Veritas S.A., Eurofins, Food Hygiene & Health Laboratory, Intertek, NSF International, OMIC Quality Control, Romer Labs Inc., SGS, Silliker Inc., and Spectro Analytical Lab Ltd.
1.2 Research Methodology
1.3 Report Outline
2. Executive Summary
3. Market Overview
3.1 Current Market Scenario
3.2 Factors Driving the Food Safety Testing Market
3.2.1 Greater Incidences of Food-Borne Diseases
3.2.2 Food Trade Going Global
3.2.3 Consumers Gaining Increased Awareness
3.2.4 Food Industry Adopting Rapid Microbiological Tests at a Faster Pace
3.2.5 Stringent Regulations in Regard to Food Safety
3.3 Factors Restraining the Food Safety Testing Market
3.4 Opportunities for the Food Safety Testing Market
3.5 Porter's Five Forces Analysis
3.5.1 Bargaining Power of Suppliers
3.5.2 Bargaining Power of Consumers
3.5.3 Threat of New Entrants
3.5.4 Threat of Substitute Products and Services
3.6 Industry Value Chain Analysis
4. Market Segmentation
4.1 By Contaminant Type
4.1.5 Food Allergen
4.1.6 Other Contaminants
4.2 By Food Type
4.2.2 Fruits & Vegetables
4.2.3 Meat & Poultry
4.2.4 Processed Foods
4.2.5 Other Foods
5. Asia-Pacific Market Analysis
6. Policies and Regulations
7. Competitor Analysis
7.1 Market Shares of Leading Global Players
7.2 Strategies Adopted by Leading Global Players
8. Company Profiles
8.2 Asia Food Inspection
8.3 Asurequality Limited
8.4 BIO-RAD LABORATORIES, INC.
8.5 Bureau Veritas S.A.
8.7 Food Hygiene & Health Laboratory
8.9 NSF International
8.10 OMIC Quality Control
8.11 Romer Labs Inc.
8.13 Silliker Inc.
8.14 Spectro Analytical Lab Ltd.