Lipid Testing Market Analysis
Lipid Testing Market for Food & Beverages by Technology (Recent and Traditional), by Application (Food & Beverages and Food Ingredients), and by Geography - Global Industry Insights till 2025
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
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.
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