Food Safety All the More Important as Food-Borne Illnesses Spread

Transparency Market

Research

Food Safety Products Market And Food Safety Testing

Market - Global Industry Size, Market Share, Trends,

Analysis And Forecast 2010 - 2018

Published Date

16-10-2012

97 Page Report

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Press Release

Global Food Safety Products Market to Rise at 8.6% CAGR from

2010 to 2018

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Food Safety product & testing market

REPORT DESCRIPTION

Transparency Market Research (TMR) has published a new market study, titled “Food Safety Products

Market And Food Safety Testing Market - Global Industry Size, Market Share, Trends, Analysis And Forecast

2010 - 2018.” As observed by analysts at TMR, the global food safety products market, which stood at

US$10.1 bn in 2010, is projected to be worth US$19.4 bn by 2018, expanding at a CAGR of 8.6% therein.

Similarly, the global food safety testing market, which stood at US$2.5 bn in 2010, is expected to be worth

US$4.8 bn by the end of 2018, registering a CAGR of 8.5% from 2010 to 2018.

The report points out that the increasing incidence of food-borne diseases and ailments that are associated

with the presence of contaminants such as chemicals and pathogens is one of the major factors bolstering

growth of the global food safety products market. In addition, rising awareness among consumers about

consumption of qualitatively tested food and stringent regulatory norms that food manufacturers need to

adhere to are favorable for the growth of the global food safety products and safety testing market.

On the contrary, the report also points out factors that are restraining the market’s growth. In developing

and underdeveloped countries, lack of awareness among consumers about qualitative indices pertaining to

food safety leads to product manufacturers not being strictly required...