The Food Safety Testing Market is expected to grow with the CAGR of more than 7% from 2016 to 2021, and with this it is predictable to cross USD $15 billion by 2021. The various major growth of the market is due to worldwide increase in outbreak of foodborne illness. Market research future published a cooked research report on Global Food Safety Testing Market that contains the information from 2011 to 2016.
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Consumer awareness about food safety has increased significantly. Increasing consumer demand for healthy and safe food has been creating a huge opportunity for Food Safety Testing Market. The food manufacturing companies must conduct food safety testing on all their food products as described by the regulatory bodies. Consumers have been depending on the reports of food safety tests to decide on consuming the food products. Consumer perception on food safety has significantly increased witnessing higher number of chemical contaminations in food products, higher number of products recalls due to contamination by various pathogens, and so on.
This report includes a study of strategies, of major market players. It includes the product portfolios, developments of leading major players such as InvenSense, Inc, NXP Semiconductors, Panasonic Corporation, Robert Bosch GmbH, STMicroelectronics, Texas Instruments Incorporated, KIONIX, INC. (ROHM Co., Ltd.), Measurement Specialties, Inc, Analog Devices, Inc, ZOLL Medical Corporation, Freescale Semiconductor, Inc and Infineon Technologies AG and others.
In North America, food borne illness has accounted high expenses through the medication and lost work. North American government has spent many billions to recover the pathogen epidemic. Asia-Pacific is likely to be the fastest growing region, due to rising demand for food safety from consumers, producers, and regulators. The most rapid moving to a new country in Asia-Pacific food safety testing is China, and this gain will be amplified by larger base. Australia has also been affected severely with pathogen induced foodborne diseases and has prioritized food safety testing.
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