Global food safety testing market to hit $2.5 billion by 2015 says new report

June 2, 2011 - PRLog -- According to the report “Global Food Safety Testing Market by Contaminants, Technology, Food Types, Geography” the increasing number of food poisoning outbreaks, standardisation of regulations for food safety, and technological shift towards more rapid microbial tests are driving the market for food safety testing. Also, increasing demand of consumers for safe and quality food is further fuelling the growth of the market. The global food safety testing market by contaminants is estimated to grow at a CAGR of 10.46% to $2.5 billion in 2015.

Amongst all the market segments by contaminants, pathogen testing commands the largest share in terms of value and volume, while GMOs testing leads in terms of growth. In pathogen testing segment, salmonella testing accounted for the major share followed by listeria testing. Salmonella testing in terms of value accounts for 40% of the overall contaminants testing in 2010. In terms of growth, E. coli testing is witnessing the fastest growth; estimated to grow at a CAGR of 11.05% from 2010 to 2015.

The report “Global Food Safety Testing Market by Contaminants, Technology, Food Types, Geography” is available from Report Buyer at:
http://www.reportbuyer.com/food_drink/food_processing/glo...

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