The South Korea food safety testing market is expected to grow at a notable pace due to the introduction of advanced technologies, which ensure the safety of food products. Manufacturers are adhering to good manufacturing practice (GMP) with regard to food safety standards, which acts as a key driving force of the market. Thus, the South Korea food safety testing market is a well-developed sector that has made numerous advances in processing and testing methods such as approaches include agar culturing, PCR-based assay, immunoassay-based procedures, and other testing approaches. Moreover, food manufacturers use various testing methods to ensure the safe transport and distribution of food products to their customers.
In addition, the food safety testing market in South Korea is driven by federal government mandates and policies relating to the security of food. Furthermore, the country has become more familiar with the requirement for food safety, local authorities stringent procedures & policies concerning the quality of food production procedures and the security of food product. This has led to surge in demand from food processing organizations for latest and modern technologies in food safety testing.
In addition, the development of the food sector in Korea sustains the development of the food safety testing market. As food production and retail operations increase, the demand for reliable food safety testing approaches is expected to rise simultaneously to ensure risk-free shipment of food. Furthermore, increase in consumer awareness pertaining to food security is fostering the food safety testing market in South Korea. Consumers are gradually becoming aware of the quality of the food they purchase, which drives food mill and manufacturers to use more advanced testing technologies. However, high cost related to innovative technologies for evaluating the safety of food products hinders the market growth. In addition, reluctance to adopt these technologies due to their time-consuming procedures and requirement of skilled technicians hamper the market growth.
On the contrary, companies are focusing on developing clean label food, which are without GMP, irritant, or chemical deposits. Such initiatives drive the demand for advanced technological testing procedures for food security. Moreover, the food safety testing market in South Korea is expected to gain high traction due to rise in customer awareness pertaining to food safety & security. As customers become cautious of the safety & security requirements of the food they purchase, they significantly require food products that are safe and adhere to safety regulations. This is expected to boost the demand for advanced testing systems that detect any type of pollutants or toxins existing in food.
Moreover, the proliferation of new age technologies to conduct numerous examinations in a single run & precisely spot the existence of adulterants and impurities notably contributes toward the growth of the market. In addition, customer need for clean label food products is anticipated to rise eventually, which is likely to foster the need for food safety testing kits. Moreover, genetic diagnostic technologies are anticipated to play a crucial role in the future of the food safety testing market. This involves examinations that analyze the safety of food ingredients, their genetic make-up and their potential for allergy. In addition, companies are expected to invest in innovations that focus on the health & safety of the production procedure, such as use of genomic testing for identification of irritants and confirmation of high quality.
In addition, the food safety testing market in South Korea is driven by federal government mandates and policies relating to the security of food. Furthermore, the country has become more familiar with the requirement for food safety, local authorities stringent procedures & policies concerning the quality of food production procedures and the security of food product. This has led to surge in demand from food processing organizations for latest and modern technologies in food safety testing.
In addition, the development of the food sector in Korea sustains the development of the food safety testing market. As food production and retail operations increase, the demand for reliable food safety testing approaches is expected to rise simultaneously to ensure risk-free shipment of food. Furthermore, increase in consumer awareness pertaining to food security is fostering the food safety testing market in South Korea. Consumers are gradually becoming aware of the quality of the food they purchase, which drives food mill and manufacturers to use more advanced testing technologies. However, high cost related to innovative technologies for evaluating the safety of food products hinders the market growth. In addition, reluctance to adopt these technologies due to their time-consuming procedures and requirement of skilled technicians hamper the market growth.
On the contrary, companies are focusing on developing clean label food, which are without GMP, irritant, or chemical deposits. Such initiatives drive the demand for advanced technological testing procedures for food security. Moreover, the food safety testing market in South Korea is expected to gain high traction due to rise in customer awareness pertaining to food safety & security. As customers become cautious of the safety & security requirements of the food they purchase, they significantly require food products that are safe and adhere to safety regulations. This is expected to boost the demand for advanced testing systems that detect any type of pollutants or toxins existing in food.
Moreover, the proliferation of new age technologies to conduct numerous examinations in a single run & precisely spot the existence of adulterants and impurities notably contributes toward the growth of the market. In addition, customer need for clean label food products is anticipated to rise eventually, which is likely to foster the need for food safety testing kits. Moreover, genetic diagnostic technologies are anticipated to play a crucial role in the future of the food safety testing market. This involves examinations that analyze the safety of food ingredients, their genetic make-up and their potential for allergy. In addition, companies are expected to invest in innovations that focus on the health & safety of the production procedure, such as use of genomic testing for identification of irritants and confirmation of high quality.
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- Analysis of raw material in a product (by %)
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Key Market Segments
By Food Tested
- Meat and meat product
- Dairy and dairy product
- Cereals, grains, and pulses
- Processed food
- Others
By Type
- Pathogen
- Genetically modified organism (GMO)
- Chemical and toxin
- Others
By Technology
- Agar culturing
- PCR-based assay
- Immunoassay-based
- Others
- Key Market Players
- SGS S.A.
- Bureau Veritas
- Intertek
- ALS Limited
- Korea Quality Control Association
- Korea Testing & Research Institute
- AJR International Co., Ltd.
- Asia Pacific Services Co., Ltd.
- Dong Yang Myung Jin Co., Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SOUTH KOREA FOOD SAFETY TESTING MARKET, BY TECHNOLOGY
CHAPTER 5: SOUTH KOREA FOOD SAFETY TESTING MARKET, BY FOOD TESTED
CHAPTER 6: SOUTH KOREA FOOD SAFETY TESTING MARKET, BY TYPE
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- SGS S.A.
- Bureau Veritas
- Intertek
- ALS Limited
- Korea Quality Control Association
- Korea Testing & Research Institute
- AJR International Co., Ltd.
- Asia Pacific Services Co., Ltd.
- Dong Yang Myung Jin Co., Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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