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  • Published In : Mar 2024
  • Code : CMI753
  • Pages :170
  • Formats :
      Excel and PDF
  • Industry : Food and Beverages

Regional Analysis

Food Safety Products and Testing Market Regional Insights

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The North America region has dominated the global food safety products and testing market over the past decade driven by stringent regulations around food safety and quality with 41.4% of the market share. With a large consumer base and strong economic conditions, food manufacturers in the U.S. and Canada are raising their standards to comply with the various federal and local laws enacted to ensure public health and safety. Key players from the U.S. like 3M, Agilent, Neogen, SGS, and Intertek have established their leadership in this domain with a wide portfolio of analytical instruments, test kits, and other solutions. The region also spearheads innovation with major R&D investments. Localization of production is another contributor, with companies setting up manufacturing units to serve the demand more effectively.

The fast growth of the Asia Pacific food industry has propelled the region to become a major force in the global market for food safety products and testing in recent years. Countries like China, India, and Japan now account for over half of the world's population and a growing middle-income consumers. Domestic food companies as well as multinationals setting up facilities in the region are investing heavily in safety solutions to gain consumer confidence and access international markets. Given the affordable costs and availability of skills, several global players have also established research centers, manufacturing, and sales facilities in countries like Singapore, South Korea, and Australia to leverage these benefits. Harmonizing regulations through collaborations, such as ASEAN, is further integrating this dynamic market.

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