Articles
Attractive Opportunities in the Shelf-life Testing Market
by Mit K. SEOThe shelf-life testing market was valued at USD 3.19 billion in 2017; it is projected to reach USD 4.76 billion by 2023, at a CAGR of 7.0% during the forecast period. Stringent safety regulations for food products, increase in the outbreak of foodborne illnesses, and growth in demand for packaged and convenience food are factors driving this market.
Market Dynamics
Drivers
· Stringent Safety Regulations for Food Products Result in the Adoption of Shelf-Life Testing Services
· Increase in Outbreaks of Foodborne Illnesses
· Growth in Demand for Packaged and Convenience Foods
Restraints
· Lack of Market Coordination & Standardization and Improper Enforcement of Regulatory Laws & Supporting Infrastructure in Developing Economies
Opportunities
· Adoption of Newer Technologies
Challenges
· High Costs Associated With Procurement of Rapid Shelf-Life Testing Equipment
· Lack of Harmonization of Shelf-Life Regulations
The shelf-life testing market, by parameter, is estimated to be dominated by the microbial contamination segment and is also projected to be the fastest-growing. Microorganisms pose serious health problems, resulting in strict regulations imposed by national governments and international bodies with respect to maximum content levels in food products. As a result, shelf-life testing is essential to ensure that the microbial content in the food product is limited to only a certain level throughout its shelf life, thereby contributing to consumer safety and complying with regulatory limits.
Scope of the Report:
This research report categorizes the shelf-life testing market based on parameter, food tested, method, technology, and region.
Based on parameter the market has been segmented as follows:
- Microbial contamination
- Rancidity
- Nutrient stability
- Organoleptic properties
- Others (water activity, pH, and moisture content)
Based on food tested, the market has been segmented as follows:
- Packaged food
- Beverages
- Bakery & confectionery products
- Meat & meat products
- Dairy, dairy products, and desserts
- Processed fruits & vegetables
- Others (fats & oils and food additives & ingredients)
Based on method, the market has been segmented as follows:
- Real-time
- Accelerated
Based on technology, the market has been segmented as follows:
- Equipment- & kit-based
- Manual tests
Based on region, the market has been segmented as follows:
- North America
- Europe
- Asia Pacific
- RoW (South America, Africa, and the Middle East)
The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023. Growth in the Asia Pacific region can be attributed to factors such as growth in the number of shelf-life testing laboratories in India and China, the rise in the number of incidences of bacterial infectious diseases in the region, and growing adoption of convenience and packaged food on the region.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as SGS (Switzerland), Bureau Veritas (France), Intertek (UK), Eurofins (Luxembourg), and ALS Limited (Australia). TÜV SÜD (Germany), TÜV NORD GROUP (Germany), Mérieux (US), AsureQuality (New Zealand), RJ Hill Laboratories (New Zealand), SCS Global (US), Agrifood Technology (Australia), Symbio Laboratories (Australia), Microchem Lab Services (Pty) Ltd (South Africa), and Premier Analytical Services (UK) are other players that hold a significant share in the shelf-life testing market.
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About Mit K. 
SEO
150 connections, 1 recommendations, 1,336 honor points.Joined APSense since, August 8th, 2019, From Northbrook, United States.
Created on Jul 6th 2020 09:00. Viewed 273 times.
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