The Global Food Safety Testing Market was valued at US$ 10.66 Billion in 2016 and is expected to reach US$ 19.92 Billion by 2025, projecting a CAGR of 7.40% during the forecast period, according to a new report published by Coherent Market Insights. Favorable agricultural practices, fair practices followed while manufacturing, hygiene practices, hazard analysis, and critical control point all over the world are expected to stimulate the growth of the food safety testing market at the global level. Some of the major drivers pushing the demand for the same include rising consumer awareness towards food safety, stringent government regulations on food and beverage products, and increasing trade activities across regions, among others.
Factors hindering the growth of the market include less awareness among the consumers regarding various food borne diseases, the growing unorganized market, and the benefits offered through food safety in the emerging countries.
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Key Trends and Analysis of the Food Safety Testing Market:
Key Takeaways of the Market:
Intertek Group plc, Eurofins Scientific, SGS SA, Bureau Veritas, Det Norske Veritas, ALS Laboratory, and Bio-Rad Laboratories are some of the leading players in global food safety testing market.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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