Food safety products & testing Market Set for Rapid Growth and Trend by 2027
Food safety products & testing Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. The development plans, market risks, opportunities and development threats are explained in detail.
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The report covers exhaustive analysis on:
• Food safety products & testing Market Segments
• Food safety products & testing Market Dynamics
• Historical Actual Market Size, 2020 – 2027
• Food safety products & testing Market Size & Forecast 2020 to 2027
• Food safety products & testing Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Food safety products & testing Market Drivers and Restraints
Market Trends/Key Takeaways
Upgrading existing food testing laboratory technology by the manufacturer is a key trend in the market. This is attributed to the growing need for better food safety testing solutions. For instance, in January 2017, Bio-Rad Laboratories, Inc., which is a U.S.-based the company integrated digital PCR and next-generation sequencing (NGS) technologies such as massively parallel or deep sequencing to analyze cancer liquid biopsies.
Certified and clean label products such as allergen-free food products are gaining traction in the market. Increasing use of antimicrobial and additives in processed food products are also expected to boost demand for food safety and product testing. Moreover, the shift in behavior and demographics of populations especially across Asia Pacific region which is growing consumption of packaged food products are further anticipated to bolster the market growth.
Intertek Group Plc
In August 2018, Intertek Group plc announced its plan to acquire Alchemy Investment Holdings, Inc. Alchemy’s training software and courses have been deployed by hundreds of food and retail companies including Kellogg’s, Ocean Spray, JBS, Pilgrim’s, Shake Shack, The Home Depot, Tillamook, SoulCycle, and Macy’s to train frontline workforces.
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Reasons to purchase Food safety products & testing market?
• Understand the demand for global Food safety products & testing to determine the viability of the market.
• Identify the developed and emerging markets where Food safety products & testing services are offered.
• Identify the challenge areas and address them.
• Develop strategies based on the drivers, trends and highlights for each of the segments.
• Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed.
• Recognize the key competitors of this market and respond accordingly.
• Knowledge of the initiatives and growth strategies taken up by the major companies and decide on the direction for further growth.
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