However, the growth of this market is restricted by factors such as lack of awareness regarding the importance of food safety testing, high cost of the food safety testing tools, complexity of these modern technologies, and lack of compliance to food safety laws.
Conversely, increase in demand from consumers and food distributors for much safer food products in the market is expected to offer remunerative opportunities for the market growth. Furthermore, developing countries have started buying food safety testing centers, which is expected to boost the market growth. In addition, changing customer preferences and emerging food safety testing technologies are expected to provide new avenues for the growth of the market. A few of these trends are rapid testing and real-time surveillance of food quality.
In the current years, the market has seen numerous new technologies such as near-infrared spectroscopy (NIRs), portable chromatography, and ultra-performance liquid chromatography (UPLC), which facilitate easy detection of food contaminants and presence of harmful microorganisms in food. In addition, rise in need for natural and genetically modified food is accomplished with the use of advanced technologies such as PCR-based detection and food labeling due to its accuracy and affordability nature. Agar culturing is one of the most widely used methods in the food safety testing market. It is used for the detection of Salmonella, Listeria, and other microorganisms. This technology is prominent as it is cost-effective and provides precise results.
The food safety testing market is segmented on the basis of type, food tested, technology. By type, the market is categorized into pathogen, genetically modified organism (GMO), chemical & toxin, and others. On the basis of food-tested, the market is fragmented into meat & meat product; dairy & dairy product; cereals, grains, & pulses; processed food; and others. Depending on technology, the market is divided into agar culturing, PCR-based assay, immunoassay-based, and others.
The Porter’s five forces analysis evaluates the competitive dynamics of the market. It considers the bargaining power of suppliers, the bargaining power of buyers, the threat of new entrants, the threat of substitutes, and the intensity of rivalry among competitors. The bargaining power of suppliers due to low presence of suppliers and have control over the costs offered to the buyers. The threat of new entrants is moderate to low, as the entry barriers for new participants are high. The threat of substitutes is low due to the availability of substitutes. The competitive rivalry is high, due to affordability with many producers in the market.
The SWOT analysis is a technique for assessing the performance, competition, risk, and potential of a business. The strengths of the market include advancements in screening & testing technologies to ensure food safety and availability of qualified employees. The weaknesses of the Spain food safety testing market include high cost related to the testing of food quality, lack of awareness regarding the value of food safety testing, and stringent regulations pertaining to food safety for food manufacturing. On the contrary, increase in demand from clients for more secure food products, rise in food safety testing facilities, , and increase in penetration in food safety testing sector in developing countries serve as potential opportunities of the market. The significant threats encountered by the Spain food safety testing market include high cost of tools and testing and dearth of skilled technicians.
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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
- Eurofins
- Alcontrol
- Bureau Veritas
- Quality Assurance International
- Intertek
- ALS
- AsureQuality
- Microbac Laboratories
- Eurofins Food Integrity and Innovation Center (F2iC)
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Table of Contents
Companies Mentioned
- SGS
- Eurofins
- Alcontrol
- Bureau Veritas
- Quality Assurance International
- Intertek
- ALS
- AsureQuality
- Microbac Laboratories
- Eurofins Food Integrity and Innovation Center (F2iC)
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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