Food Testing Market

Date: 2016-05

The global food testing market represents the overall testing services provided by contract laboratories and this market has been further segmented with respect to pathogens, food types and testing technologies were analyzed in this report. The market size and growth forecasts are with respect to the contract laboratory testing services provided by companies like SGS Group, Bureau Vertias, Eurofins and so on. The global food testing market which includes the food safety testing market is expected to grow at a healthy growth rate of around 6% during the forecast period of 2013 – 2018 to reach $4.63 Billion in 2018 from $3.45 Billion in 2013.

The food testing equipment market on the other hand is of $4.0 Billion with IR type of instruments occupying the highest share in-terms of technology. Competition from local companies with respect to instruments OEMs is the major challenge for the food testing market. Companies in China like Beijing Purkinje General Instrument, Focused Photonics Inc, Beifen-Ruili Analytical Instrument Group, and Shanghai Techcomp Instrument Ltd are posing challenges to global players like Agilent Technologies, Shimadzu Corp, PerkinElmer and Thermo Fisher Scientific in the laboratory analytical instrumentation market. Key growth strategy for the major testing products and laboratory service providers is introduction of low cost analytical instruments for market penetration and aggressive expansion by investment in new laboratory openings.

The prominent equipment in the food testing equipment category are Chromatographs and Spectrometers. The combination of both the equipment is being developed frequently by the manufacturers to enhance the food testing capabilities in the analytical laboratories

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