Global Lipid Testing Market for Food & Beverages - Insights
Lipids are major dietary component in food and it is important in routine diet. Lipids are major source of energy, as they provide essential lipid nutrients. They consist of naturally occurring molecules such as sterols, fats, fat-soluble vitamins, and phospholipids. Furthermore, Lipids have applications in cosmetics and food industries. However, excessive consumption of lipid components such as saturated fats and cholesterol results in to various health complications.
Stringent government regulations on safety of food is propelling demand for global lipid testing market in food & beverages industry. For instance, Food & Drug Administration (FDA) in 2014, proposed regulations on the nutrition labeling for prepackaged food products, an act governing food safety and sanitation and needs the nutrition labelling for packaged food such as content of fat, carbohydrates, and others.
Recent technology is the most widely used type with a market share of 67.09% in 2016, and is expected to lead the market throughout the forecast period. Recent technology has numerous applications in food & beverage industry that are used to check the count, metabolites, and type of microorganisms related to preservation, safety, food spoilage, foodborne pathogens, and others. For instance, in 2018, Certus Corporation, a company that provides innovators in food safety technologies, is manufacturing CERTUS System Detection Unit, which is based on Surface-Enhanced Raman Spectroscopy nanoparticle technology through a license agreement with Becton, Dickinson, and Company, a medical technology company. This system allows cost-effective and easy way to detect pathogens.
Food & beverages industry was the dominant application segment of lipid testing market in 2016 and is expected to retain market dominance throughout the forecast period. Lipid play a major role in many foods for determining the physical characteristics such as texture, appearance, flavor and others. Hence, testing of lipid in the food & beverages industry is important to determine the amount of specific content present in the foods. The Codex Alimentarius Commission (CAC) is a joint intergovernmental body of the Food and Agriculture Organization of the United Nations (FAO) and WHO, which coordinates food standards with the main objective to protect the health of consumers.
North America was the leading region in the global lipid testing market for food & beverages in 2016, with a revenue of US$ 293.1 million, and it expected to retain its supremacy throughout the forecast period. U.S. is the major contributor to the growth of this market in North America owing to the increasing initiatives taken by players in this region such as new equipment launch, merger, acquisition and various others. For instance, in 2018, Microbac Laboratories Inc., entered into a partnership with MedSurgPI, a pharmaceutical and medical device consultant company, through which the company plans to offer MedSurgPI services to their food, medical food, and nutritional supplements clients through diverse product development requirements.
Europe was the second-largest contributor to the global lipid testing market for food & beverages in 2016 with a market share of 24.91% in the same year. The growth is attributed owing to the stringent regulations imposed on food safety in this region. In 2007, EU regulation on nutrition and health claims was brought into force which sets EU-wide conditions for the use of nutrition claims such as ‘high in vitamin C’ or ‘low fat’ and health claims such as ‘helps lower cholesterol’. The regulation applies to food or drink product produced for human consumption marketed in the EU. Only foods that fit a certain nutrient profile (below certain salt, sugar and/or fat levels) will be allowed to carry claims.
Figure1. Global Lipid Testing Market for Food & Beverages Share, By Type, 2016
Major players in the global lipid testing market for food & beverages include Intertek Group Plc., Microbac Laboratories Inc., Eurofins Scientific SE, Campbell Brothers Limited, General Mills Inc., TUV Nord Group, Bureau Veritas S.A., Ltd. and AsureQuality Limited among others.
Lipids comprise naturally occurring molecules that include sterols, fats, fat-soluble vitamins, phospholipids and others. The lipid testing market for food & beverages has witnessed a prominent growth owing to the rising health concerns among the populace across the globe.
Lipid testing market for food & beverages is driven by the rise in consumption of processed foods which contains salts, preservatives, sweeteners, fats, chemicals, artificial flavors, and others. These ingredients increase the risk of high blood pressure, cholesterol, diabetes, heart attacks, and various other health risks. Increasing health risks through the consumption of these food products leads to the food testing and safety for human consumption, which in turn is driving growth of the market. Moreover, stringent government over food safety in several regions across the global has immensely driven the global lipid testing market for food & beverages.
This report segments the global lipid testing market for food & beverages on the basis of technology and application. On the basis of technology, the global lipid testing market for food & beverages is classified into recent and traditional. Applications of lipid testing market include food & beverages and food ingredients.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
*Browse 50 market data tables and 40 figures on "Lipid Testing Market For Food & Beverages - Global forecast to 2025”.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.