Food Safety Testing Market Growth Soars

WELLESLEY, Mass.The U.S. food-safety testing market was valued at an estimated $3.4 billion in 2010, and is expected to increase to $4.7 billion by 2015, for a compound annual growth rate (CAGR) of 6.6 percent, according to a new report from BCC Research.

Data from Food Safety Testing: Technologies and Markets" reveals the pathogens segment has the largest share of the market at more than $3 billion in 2010, and is expected to increase by 2015 to nearly $4.2 billion for a CAGR of 6.7 percent. The second-largest segment, toxins, is estimated at $139 million in 2010, and is expected to rise to $199 million in 2015, for a CAGR of 7.4 percent.

The report also examines other segments, including residues, genetically modified organisms and all others. The 5-year CAGR for each of these segments is estimated to be 4.7 percent from 2010 to 2015. The largest segment of the three, residues, will reach a value of $166 million in 2015.

This report organizes information from diverse sources and market segments into a cohesive unit that includes summary, overview, technologies, contaminants tested, foods tested, industry structure, international aspects, patent activity and company market shares and profiles. The report also offers an in-depth analysis of both the large domestic market for food contaminant testing and significant new global technology developments.